posted on March 31, 2004 06:29:40 PM new
Newish PayPal account. Last time I checked I wasn't eligible for the lower rate. That may have changed, though, so thanks for the reminder.
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Minstrel: [singing] Brave Sir Robin ran away, bravely ran away away. When danger reared its ugly head, he bravely turned his tail and fled. Yes, brave Sir Robin turned about, and valiantly, he chickened out. Bravely taking to his feet, he beat a very brave retreat. A brave retreat by brave Sir Robin.
posted on March 31, 2004 06:31:47 PM new
Yes..make sure that you apply for merchant account rate if you qualify..90 day member and $3000 in reciepts or receive a competitive offer or something like that..then you get charged a lower PP rate (put "merchant account" in PP help search to see if you qualify)
Whatever women do they must do twice as well as men to be thought half as good. Luckily, this is not difficult. Charlotte Whitton
Whenever women are depressed they either eat or go shopping. Men invade another country. Elayne Boosler
In politics, if you want anything said you ask a man – if you want anything done you ask a woman. Margaret Thatcher
posted on March 31, 2004 06:38:36 PM new
OK, I applied and was approved. Just like that.
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Minstrel: [singing] Brave Sir Robin ran away, bravely ran away away. When danger reared its ugly head, he bravely turned his tail and fled. Yes, brave Sir Robin turned about, and valiantly, he chickened out. Bravely taking to his feet, he beat a very brave retreat. A brave retreat by brave Sir Robin.
posted on March 31, 2004 08:17:46 PM new
Ugh! Mine are small potatoes. Actually, I just couldn't resist quoting
Monty Python when someone else was doing it.
Dec 2003
14 pmts received
34.54 fees
Jan 2004
14 pmts received
10.31 fees
Feb 2004
7 pmt received
7.96 fees
*********************************************
DENNIS (a voting member of a anarcho-syndicalist commune during the reign of Arthur, King of the Britons):
Listen. Strange women lying in ponds distributing swords is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not from some farcical aquatic ceremony.
posted on March 31, 2004 08:41:59 PM new
All very good points. Of course, PayPal has fees. But, not sure it is any different than going out to dinner and paying with your credit card. When that happens, there is a "charge back" to the restaurant. As I understand, from folks in that business, 5 - 6 %. Of course, the restaurant, if a smart one, takes that into consideration when setting prices. Just a cost of doing business. Overhead, absorbed or unabsorbed, must be passed to the customer/consumer in prices.
posted on March 31, 2004 09:58:27 PM new
Tammy - your restaurants need to renegotiate their fees. I pay $0.25 plus 2.25% on my merchant account. : )
~~~ • ~~~ • ~~~ • ~~~ • ~~~
If it's really "common" sense, why do so few people actually have it?
posted on March 31, 2004 10:04:26 PM new
neglus-Can't you get a stamp that says "For Deposit only then your signature" Then all you do is stamp the back of the check and that should cut quite a bit of time off your process. If the Doctors use a stamp for their documents you should be able to. Ask your bank. This should take quite a bit of time off your process. I can't imagine all the paper work you do. It must take hours..
posted on April 1, 2004 05:21:48 AM new
fenix03,
i think those restauants are pulling her leg.
is yours 2.25% card not present rate??
their rate should be lower.
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
posted on April 1, 2004 05:39:17 AM new
I do have a stamp like that, Libra. By "endorsing" I meant stamping the back..that takes time too!! It takes me at least twice as long to process a check as it does a PayPal payment! The fee is worth it! (and I have it covered in my pricing).
Whatever women do they must do twice as well as men to be thought half as good. Luckily, this is not difficult. Charlotte Whitton
Whenever women are depressed they either eat or go shopping. Men invade another country. Elayne Boosler
In politics, if you want anything said you ask a man – if you want anything done you ask a woman. Margaret Thatcher
posted on April 1, 2004 06:26:49 AM new
What happens if PayPal ever goes belly-up? Are our monies protected in any way?
Also about using PayPal - I like having them there for impulse buyers. They can buy it and pay for it almost immediately. With a check or money order there could be delays and eventually a fall thru for whatever reason. Fortunately, we do not have many deadbeats. So the question then is -PayPal = how many Non Paying Bidders's vs. Check/MO/Cash = Non Paying Bidders's?
posted on April 1, 2004 06:57:09 AM newWhat happens if PayPal ever goes belly-up? Are our monies protected in any way?
Nope.
--
Knights of Camelot: [singing] We're knights of the Round Table, we dance whene'er we're able. We do routines and chorus scenes with footwork impec-cable, We dine well here in Camelot, we eat ham and jam and Spam a lot. / We're knights of the Round Table, our shows are for-mi-dable. But many times we're given rhymes that are quite un-sing-able, We're opera mad in Camelot, we sing from the diaphragm a lot. / In war we're tough and able, Quite in-de-fa-ti-gable. Between our quests we sequin vests and impersonate Clark Gable / It's a busy life in Camelot
[solo]
Knights of Camelot: I have to push the pram a lot.
posted on April 1, 2004 07:01:38 AM newSo the question then is -PayPal = how many Non Paying Bidders's vs. Check/MO/Cash = Non Paying Bidders's?
This experiment has been tried, with unsatisfying results.
PayPal-only auctions tend to have a high percentage of non-payers because people either don't read or think they can bully you into accepting their preferred form of payment. I tried this briefly and my NPBs were 30%. Contrast that the 10% NPB rate on auctions offering a variety of payment forms.
Granted that this was three years ago and PayPal had not reached the level of acceptance it has today.
--
Knights of Camelot: [singing] We're knights of the Round Table, we dance whene'er we're able. We do routines and chorus scenes with footwork impec-cable, We dine well here in Camelot, we eat ham and jam and Spam a lot. / We're knights of the Round Table, our shows are for-mi-dable. But many times we're given rhymes that are quite un-sing-able, We're opera mad in Camelot, we sing from the diaphragm a lot. / In war we're tough and able, Quite in-de-fa-ti-gable. Between our quests we sequin vests and impersonate Clark Gable / It's a busy life in Camelot
[solo]
Knights of Camelot: I have to push the pram a lot.
posted on April 1, 2004 07:15:10 AM new
paypal is not a bank,it never claim to be a bank.
most of us do not keep a large balance in our paypal account,but then i understand some do -those who have reason not to keep the balance in their bank account either they dont want the govt or their spouse or creditor know .
or they dont have a bank account or they dont want one ,they just get a money order from paypal everynow and then or use the paypal debit card or credit card .
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
posted on April 1, 2004 08:03:53 AM newHerbsCraftsGifts What happens if PayPal ever goes belly-up? Are our monies protected in any way?
fluffythewondercat Nope.
I use the PayPal Money Market Fund. Not sure how many know anything about Money Market Funds but it wouldn't hurt to learn something about them. No Money Market Fund is eligible for FDIC insurance no matter who offers it, even if it's a major bank. Money Market funds are strictly regulated by the SEC.
Money Market Fund have been around long before PayPal, and even the internet, and nobody has ever lost a dime in one.
As for needing PayPal to sell I'm told you don't need it, I'm also told you don't need to sell on eBay. If I believed everything I read I'd be selling on Bidville and demanding cash/money order only payments and my sales wouldn't suffer. The problem is I don't believe everything I read.
posted on April 1, 2004 08:31:25 AM new
bank offers insured money market account>how is it possible??
back in 1989,several money market fund lost money as the fund manager opted for higher short term interest rate by investing in high yield risky short term instruments,thinking they are nimble enough to get out in time.
well,they were not nimble enough,but the company made up for the loss and restored the fund share price to $1.00.but the companies also said there is no gurantee they will continue to do so-eating the loss.
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
posted on April 1, 2004 11:19:36 AM new
I just took a look at my account. My actual cost (payments received, P/P fees) is 3.038 per cent. I can live with that. Fluffy, I can't see what you are driving at, the number of payments & the fees are like apples & oranges. You don't sqy how much the 235 payments totaled.
[ edited by sanmar on Apr 1, 2004 11:21 AM ]
posted on April 1, 2004 11:47:51 AM new
OK, that's a fair question.
What I am driving at, sanmar, is that the difference between the cost of mailed-in payments and the cost of PayPal payments is substantial. Quite a bit more than I thought, in fact.
Dropping PayPal as a payment option from all my seller IDs would make sense. In February it would have made sense to the tune of more than $100.
I'm not sure why it matters, but you asked. PayPal sales for that seller ID in 2/2004 equalled $3,357.11.
--
Knights of Camelot: [singing] We're knights of the Round Table, we dance whene'er we're able. We do routines and chorus scenes with footwork impec-cable, We dine well here in Camelot, we eat ham and jam and Spam a lot. / We're knights of the Round Table, our shows are for-mi-dable. But many times we're given rhymes that are quite un-sing-able, We're opera mad in Camelot, we sing from the diaphragm a lot. / In war we're tough and able, Quite in-de-fa-ti-gable. Between our quests we sequin vests and impersonate Clark Gable / It's a busy life in Camelot
[solo]
Knights of Camelot: I have to push the pram a lot.
posted on April 1, 2004 02:25:34 PM new
A shocker!! Your rate is 4.97%!! You must have a lot of small dollar sales which can drive up your cost. My sales were $1462.19 & my charges were $48.15. I use my P/P card as a CREDIT CARD not a debit card & get back 1.5% which brings down my actual cost. You get nothing back if you use it as a debit card.
posted on April 1, 2004 02:37:29 PM new
I think you might be forgetting the transaction fee.
235 transactions times 30 cents = $70.50
$3357.11 in payments times 2.9% = $97.36
Total $167.86
--
Knights of Camelot: [singing] We're knights of the Round Table, we dance whene'er we're able. We do routines and chorus scenes with footwork impec-cable, We dine well here in Camelot, we eat ham and jam and Spam a lot. / We're knights of the Round Table, our shows are for-mi-dable. But many times we're given rhymes that are quite un-sing-able, We're opera mad in Camelot, we sing from the diaphragm a lot. / In war we're tough and able, Quite in-de-fa-ti-gable. Between our quests we sequin vests and impersonate Clark Gable / It's a busy life in Camelot
[solo]
Knights of Camelot: I have to push the pram a lot.
posted on April 1, 2004 03:10:03 PM new
the only way to pay less than 30 cents transaction is to have your own paypal system-get a merchant account which offers 15 cents transaction fee and 2.2% discount rate and set up a website for your bidders to troop up and pay you with their credit card.
but a merchant account will have other fees- monthly statement fee,AVS fee,batch header fee,annual fee ,minimum discount fee etc.
i charge 3.00 and up for shipping ,for 3.00 i use a 4 by 4 by 2 die cut box which costs me 44 cents,the postage is usually 1.00 and sometimes i skip DC,so my paypal fee for small items is absorbed by that 3.00 shipping.
silver price is going thru the roof,do your bidders know it??
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
posted on April 1, 2004 03:21:35 PM new
fluffy; I realize that there are 2 fees, but it doesn't make any difference, your cost is still 4.97% & that is a lot more than mine. so you must have a lot of small sales whereas mine run from $15.00 on up to in the 100's. I hope you see what I am driving at. I agree that P/P is not for you except for the fact of the fast turn of payment.
posted on April 1, 2004 08:26:36 PM newpaypal is still cheaper than merchant account
I don't know which merchant account you are using, but I am paying .25 + 1.9% for credit card payments.
And the one huge point that hasn't been brought up is I accept cash for free. No PayPal ripoff .35 + 2.9% cash payment fee. (Unless you are lucky enough not to sell any thing and are able to have a personal account) In the overall picture, PayPal is a ripoff, but they have also become a neccesary evil.
posted on April 2, 2004 05:30:20 AM new
some of our dollars stores accept mc/visa but they also said it has to be over 5.00 dollars.
i heard it is against vc/mc policy.
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
posted on April 2, 2004 09:37:23 AM new
I have a friend who has an antique store. His costs are 25 cents a swipe + 1.25% + $15.00 a month service fee & he had to buy the machine. So, as far as I can see, PayPal is not so bad. I have used P/P since its beginng & have never had a problem. Like my friend Ray said, its a necessary evil, but he couldn't do business without it. If you treat eBay as a business, then it makes sense to me to use the tools that you would us in B & M store.
[ edited by sanmar on Apr 2, 2004 09:40 AM ]
posted on April 2, 2004 09:12:06 PM new
So....... let me see, if I begin accepting PayPal again (Credit or debit cards) I am going to have to incur their fees again. The fees are for all transactions, not only the credit card payment but for e-checks and instant transfers right?
Is there one PayPal account that only charges you if you receive a Credit or Debit Card payment and no additional charges for other payments?
posted on April 2, 2004 09:40:57 PM newIf you treat eBay as a business, then it makes sense to me to use the tools that you would us in B & M store.
Which brick and mortar store would that be?
My favorite Japanese restaurant, which accepts only cash?
My favorite English restaurant (ditto)?
The warehouse store where we buy cat food and litter? They don't take credit cards.
Costco, which doesn't take Visa or MasterCard in its stores? (Costco.com does.)
Very few of the places we spend money accept credit cards. So I'm always puzzled by the claim that you need to do so to be in business. It just ain't so. Heck, I've proven it myself.
--
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Dennis: Come see the violence inherent in the system. Help, help, I'm being repressed.
posted on April 2, 2004 09:43:35 PM newIs there one PayPal account that only charges you if you receive a Credit or Debit Card payment and no additional charges for other payments?
Don't you wish.
If you get either a Business or a Premier account, you will be charged a fee to receive every payment, including instant transfers from other peoples' PayPal accounts. Also including eChecks, which are withdrawals from the customer's checking account.
--
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Dennis: Come see the violence inherent in the system. Help, help, I'm being repressed.
