posted on April 2, 2004 11:19:19 PM new
Just a thought. 1. All paypal payments for me are real money. 2. Any bad checks? Deduct that from net! 3. Oh yes, anyone forgot to pay you by check? Add that up.
What works for you works, use what works for you. Don't like Paypal don't use it. very simple.
posted on April 2, 2004 11:39:09 PM new
If you process credit cards it cost you about 2.3 to 4 percent depending on the card.
If you are doing a good business then collection fees are part of doing business.
All commercial business add in their cost of doing business just as all of us on ebay should be doing.
The problem as I see it is when we want to buy something on line we want it cheap and with as much free stuff as we can get. But, when we sell something we get upset if we have cost of doing business.
Ask your bank if they will process your credit card or debit card sells to others and you will be surprised at the higher fees they will quote you.
posted on April 3, 2004 09:02:02 AM newJust a thought. 1. All paypal payments for me are real money. 2. Any bad checks? Deduct that from net! 3. Oh yes, anyone forgot to pay you by check? Add that up.
You can also get paypal chargbacks. Which is more common? A bad check or a paypal chargeback?
I have never had a problem with either yet.
posted on April 3, 2004 10:01:58 AM new
we all have to decide for ourselves if it is worthwhile to accept paypal payments.
many of us here have our own merchant accounts,but do ebay bidders want to call or fax or email their cc number to us??
i would rather have my money sooner than later and move on to listing new items.
costco takes american express charge card.
ethnic restaurants,grocery stores etc located in ethnic neighborhood serving their own people often do not accept credit cards,as most asians walk around with big wads of dollar bills when they go shopping,so why have one??
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
posted on April 3, 2004 10:11:20 AM newwhen we sell something we get upset if we have cost of doing business.
Not at all.
Did you read this whole thread? Start with the first post, where I calculated the cost of processing check payments.
Of course there are costs to every aspect of doing business. That's a given. The smart businessperson keeps her costs as low as possible.
Let me ask you something: Do you ever wonder why so many restaurants fail? It's usually not the food or the service or the cleanliness of the place. It's because the owner hasn't been able to keep a lid on costs.
The restaurants in my previous example have both been around a very long time, over a decade. That makes them senior citizens in restaurant time. They have stayed profitable and viable because (in part) they refuse to offer the expensive convenience of credit cards to their customers.
Both places routinely have lines of waiting patrons out the door, by the way.
Here's something else sellers should consider:
Bank cards (as they used to call them) have been around forty years or more. By now just about every boomer understands that there is a cost associated with credit card use. Sure, credit cards are convenient. But the overriding factor in a purchase is always Is this a good deal?. If it is, they'll buy it regardless of payment method.
--
--------------------------------------------------------------------------------
Dennis: Come see the violence inherent in the system. Help, help, I'm being repressed.
posted on April 3, 2004 10:14:08 AM newAll paypal payments for me are real money.
Yes, unfortunately though it's less real money than you sold the item for.
Look, folks, if you want to argue that PayPal fees are simply a price you're willing to pay for a certain amount of cash flow, OK. I myself don't find that the cash is available to me significantly faster when payment is made by PayPal rather than check.
--
--------------------------------------------------------------------------------
Dennis: Come see the violence inherent in the system. Help, help, I'm being repressed.
posted on April 3, 2004 10:21:29 AM new
restaurants fail because they lack clients,cost of food and help are manageable,the only high fixed cost they have is rent.
many restaurants just dont serve good food.
the restaurants you frequent which do not accept credit cards and have long lines,they have established a reputation for good food and i bet you their price is low compared to what they serve!!
cost of accepting credit card is no big deal for restaurants,especially if they know how to promote drinks before dinner and desert and coffee after.
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
posted on April 4, 2004 05:58:10 AM new
stonecold,
once again you have proved to be the biggest idiot of them all.
utilities,labor and tax,dont make me laugh!!
if they cant afford to heat or keep the dining quarter cool and comfy for the customer,they should not even consider being in the business.
but then let me tell you a real situation many years ago on a family reunion trip to china,we went to a restaurant in canton,china and assigned number 88 on the waiting list and number 17 was just being served.
my uncle did something,and voila,we were assigned a table in 10 minutes.
we asked why is the ceiling fan not turned on as it is a hot summer day with lots of people .the manager said there is a city ordinance,celing fan is not to be used unless temperature reach 93 degrees.
poor stonecold,
have you ever seen how the restaurant here keeps their books!!
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
posted on April 4, 2004 05:01:15 PM new
All I can say is that unless an item is an unbelievable offer, I will not bid unless they accept Paypal. I can not begin to think how many items I've passed on because of the lack of a paypal option. I guess in the end I am glad they decided to not pay the $1 fee, it saved me $25 for the item.
They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety. B. Franklin
posted on April 4, 2004 06:01:11 PM new
i never thought about that.
but then when i read the seller TOS and said bidder has to fax or call to give cc data,i just lost interest.
esp if there is no toll free number to call.
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
