posted on June 30, 2001 06:34:56 AM new
This could as easily be on Ebay threads but I have more smaller auctions on Yahoo so will post it here. PP's doing the recent rate increases and making me think about the increased costs for under-$15 auctions, too, but all popular on-line funds transfer services are relevant.
With the PP increases I again think of scrubbing any mention of them and even dropping my account and aggressively stating I refuse to accept funds from bidders who insist on using them. The superficial analysis might be "So I lose a few final bids, likely not that big a deal."
For strictly "First Bid Wins" classified listings, or for a storefront with fixed prices, that could be accurate thinking. It occurs to me that *isn't* the story for *auctions* where one truly has active bidding. Losing just a few bids from losing underbidders who do in fact dink the final sales price upwards would likely cause me much more loss than the few percent to Pay Pal (or similar) for continuing to accept it from the winners.
So, on the basis of that line of thought, I reluctantly continue to accept Pay Pal and even display their logo in auction listings. I need those bids from LOSERS as well as from winners who would not bid if I refused Pay Pal.
posted on July 5, 2001 07:47:19 PM new
Hi
I'm in the same bind as you.. what to do?
It seems that the fees just keep going up and up. I currently accept Paypal, Yahoo paydirect and Billpoint. I noticed that billpoint is actually cheaper than a paypal transaction. Of course, Yahoo paydirect is free. I believe in good customer service, so I let my customer choose. Eventually, I may have to just go to one form of electronic payment. Good Luck.
posted on July 6, 2001 07:52:33 AM new
I haven't had a paypal logo or any mention of paypal in my auctions for a long time now. Most people just bid and ask after the fact if I take paypal. (or just send me a payment) It really hasn't affected the amount of bids on my auctions at all.
I think if you put something about no paypal in, people might not bid, however, just omiting to mention it doesn't seem to matter one way or the other.
