posted on January 31, 2001 04:45:25 PM new
We stopped accepting Paypal and didn't notice much decline. There was a little but when you average that loss with what Paypal takes, it all seems to even out. So here it is in my view:
Accepting Paypal:
Pros= a little more bidding, faster payment, payments not lost in mail.
Cons= Fees!, Chargebacks!, People want their items NOW!
We chose to stop and it hasn't hurt us nearly as bad as we thought. Besides all of the fee issues, we just don't trust Paypal, have seen too many crazy things from them, and this is YOUR HARD EARNED MONEY. Also not FDIC insured which is a bad thing when they are handling YOUR MONEY!
I'm way off topic here, Sorry!
[ edited by musicman1313 on Jan 31, 2001 04:46 PM ]
posted on January 31, 2001 06:44:37 PM new
The bidding on my items tends to be really sporadic - but I usually am happily surprised. As long as I make more than I spend, I'm happy as this is a second income, not my primary one. I really feel for those who do this full time - it's hard enough to see stuff go without a bid when your next car payment doesn't depend on it!
I just wanted to make a comment on the repeat customer - I sell mostly in one line, but have had some success in two other areas. I have been selling since August - Just in the last month or so, I have noticed a steady increase in the 'repeat' buyers - and they seem to bid quickly and often - I do think that it is a trust issue. Even though your feedback may be glowing and spotless, a bidder doesn't really have that trust until their first deal with you is completely signed, sealed and delivered! I love the newbies for their bidding wars, but I also love the repeats for their loyalty!
I guess I would advise, if you could find a 'main' niche, it may help. Don't lock yourself in, but it could be a way of sustaining some of those dry weeks.
