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#1
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Paypal FYI
All payments are free if sent as a bank/balance transfer to anyone on PayPal now as long as you choose the "Personal" tab.
I think this is important to note as a lot of people on the bst board like to charge 3% for using Paypal. They may be losing out on some buyers and this may help.. |
#2
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Mike - thanks for the heads up.
I assure you no one on the BST "likes" to charge the 3% According to Paypal's terms (below) the free option is for transfers to "friends and family" as opposed to purchases although I'm sure they are aware that they have just opened the floodgates. their terms: "In some cases, it’s free to Send Money. Sometimes there are fees. Here’s how it breaks down. Within the US: Personal transfers to friends and family * Fully funded by: * PayPal balance * Bank transfer Free * Credit card * Debit card 2.9% + $0.30 per transaction Fee may be paid by the sender or recipient—sender decides. Making a purchase, i.e. goods, services, or eBay items * PayPal balance * Bank transfer * Credit card 1.9% to 2.9% + $0.30 USD" |
#3
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Loophole
I hear ya and understand completely.. Well,,, hopefully as a seller and a buyer we can take advantage of this loophole Paypal has provided.. Its a long time coming and I wonder if they weren't forced to do this??? I never have understood how they can take 3% for a balance transfer or existing funds (especially existing funds). I understand a Debit and or CC, I dont have a problem with that what so ever..
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#4
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We're all "friends" here, anyway!
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#5
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Taking advantage of it will result in it closing....
Exactly what's the big deal about 3%???? Realistically, I think that when I accepted Paypal compared to when I didn't, that bids were generally higher. And that was because buyers were putting the stuff on credit cards. At some point I, as a seller, am better off with 97% of a higher final price than 100% of a lower amount. Plus, with Paypal, the buyer gets things sooner, and saves on the postage and envelope of mailing a check or money order. As a buyer that would encourage me to bid a bit more... even more that being able to use a credit card. When I see someone wanting a 3% fee, it makes me less likely to do business with them. This is reminding me of some seller I encountered who wanted an extra $2 to drive the card I bought to the post office, because gasoline had gone up last summer. He only mailed out 2 days a week to save money. Yet he accepted mail at his P.O. box... I wonder who paid for his gas when he was getting mail every day. |
#6
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The good old days...
Remember the SASE?
Take Care, Geno |
#7
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I agree completely when a person uses a CC to pay for items.
I also agree with your last statement. Quote:
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#8
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Really good point.
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