Mike Teutsch |
December 31st, 2007 09:17 AM |
Quote:
Originally Posted by Josh Chesarek
(Post 800402)
That is when you are selling on ebay. What gets me is that they are all owned by the same company so they dip into your pocket 3 times. I understand they are providing a service but I think since they are all under one roof it should be a single fee. First they charge you to list the item, then they charge you based on how much it sells for (which is why people hide fees in shipping), then if you use paypal they charge you a 3rd time based on the whole total. I prefer to use Google Check out as it was free for nearly all of 2007 I processed a lot of sales without loosing a penny which was nice. They also had slightly better rates when they were charging, I will be keeping an eye one the rates to see if they go up after the year though.
|
While I too like to rail against eBay at times for their fees, you still can't beat what you get for them. No other auction site gets nearly as many people to look at your items or where you can find what you are looking for.
One thing you must learn is how to list items for the least fees. For example, on an item that you know will go for a high price, say over $50 or so, don't put an opening bid of $9.99. They charge you much more to list it than if you start it at 99 cents and the ending price is not changed. Don't put a starting bid that is one dollar less than your buy-it-now price! Don't put a reserve on an item that you know will sell for a reasonable price. Items that start with a low first bid and do not have a reserve cost very little to list, about 20 cents last I checked. Also, it costs just 15 cents to put that little thumbnail picture next to your auction listing and it is well worth the money. I have seen many items go for much less than they should have or that similar items did, because there was no gallery pictures. People don't have time to peruse thousand of descriptions, they look first at the picture.
I know eBay is trying to crack down on those who charge high shipping charges to avoid fees. It is just that with about half a billion auctions a day, it is very hard to enforce and would require hand scanning of the auctions.
Do I like PayPal fees? Nope! But, the alternative is usually much worse. With the price of fuel these days and the time you loose during your day, it is generally more costly to go and get a money order to pay for an item, or to take the money order to the bank when you receive it. Of course you could take a check!!! Bottom line with PayPal is that you do not have to use it if you don't like it, but in the long run it probably saves you money and it very secure. Remember, the guy above who got taken on the stolen CC order from Russia, would still have gotten taken if he just took the CC straight from the person or bank.
While I don't like the fees associated with PayPal, they are equal or about the same as CC companies. But they are easier in the long run, especially if you are the one who has to take them.
No matter what you take for payments, there is a risk, so be aware.
Mike
|