Posted By:
jeff Prillaman (cavaliercards)Do the math
Assume sales of 18500 per month
And assuming an 8% bump in Final bid price -- that like 20.00 vs 21.60 -- pretty common - I now take in approximately 20000 instead of the 18.5
less paypal fees of approximately 600 - I am ahead of the game 900
and so I get scammed on a 200.00 sale -- I'm still ahead -- 700.00
yes it happens -- but it is like shrinkage at any retail level -- you build it into your business model and make the proper decision.
Assuming a 10% premium for accepting paypal -- and believe me it is there --and assuming I get scammed on $500 worth of product -- I am still ahead approximately $750
yes it hurts when you get scammed - it happens -- but if you want to improve your bottom line - take paypal