LOG Auction:Tom Brady's got NUTHIN' on This Inflation!!

[Mdmtx]

I agree with just factoring the cost in. If the broker/auctioneer doesn't have a reasonable margin, then there won't be people out trying to generate consignments 24/7 in every nook and corner of the country. These efforts to get consignments are one of the reasons for all the high quality material that keeps surfacing.

Quite frankly, as a buyer I don't care how much the fee is as long as it's fully disclosed. I did not participate in the Christies auction, but from reading the posts, it appears that their shipping charges were a surprise, that would have ticked me off. But if it was fairly described and disclosed, I would have been ok with that.

[Dewey]

As far as I know, per Paypal rules, merchants are not allowed to pass on fees to their customers via a "surcharge." Folding it into the premium seems like surcharge to me. So even if bidders don't care, paypal may still "drop the hammer" of their own. Unless I'm missing something.

[Griffins]

Originally Posted by Dewey

As far as I know, per Paypal rules, merchants are not allowed to pass on fees to their customers via a "surcharge." Folding it into the premium seems like surcharge to me. So even if bidders don't care, paypal may still "drop the hammer" of their own. Unless I'm missing something.

It's not a surcharge for using a credit card, it's a discount for paying without one.

[bnorth]

Originally Posted by Dewey

As far as I know, per Paypal rules, merchants are not allowed to pass on fees to their customers via a "surcharge." Folding it into the premium seems like surcharge to me. So even if bidders don't care, paypal may still "drop the hammer" of their own. Unless I'm missing something.

Not sure about PayPal rules at this moment. It also varies from state to state. Where I live it is illegal to charge more for paying with Paypal or a credit card. Merchants get around this by raising their prices and offering a discount for other payment methods. You have the same exact result but one is legal and one is not.

[1952boyntoncollector]

Originally Posted by bnorth

Not sure about PayPal rules at this moment. It also varies from state to state. Where I live it is illegal to charge more for paying with Paypal or a credit card. Merchants get around this by raising their prices and offering a discount for other payment methods. You have the same exact result but one is legal and one is not.

Gas stations in florida and us virgin islands where i lived in the past usually charge more for credit cards. If cash payers have to pay the same as credit card payers that sounds like a bad law for people that cant afford credit have to basically pay more for items because merchants would have to charge an amount to absorb their costs to the credit card and have those raised prices for everyone, including the cash paying people who cant get a credit card.

[rainier2004]

Originally Posted by bnorth

Not sure about PayPal rules at this moment. It also varies from state to state. Where I live it is illegal to charge more for paying with Paypal or a credit card. Merchants get around this by raising their prices and offering a discount for other payment methods. You have the same exact result but one is legal and one is not.

And like Al said, his other option is dropping paypal and cc like lots of other AHs did. LOTG is offering more ways to pay and being flexible and this board still finds a way to BITCH...really? Yes, LOTG must be hiding in the weeds and gaining so much profit for the option of taking p/p, and like he said they charge up to 4% for using it. Maybe people should do some more investigating before they just let their mouth rip...

[Leon]

Originally Posted by rainier2004

And like Al said, his other option is dropping paypal and cc like lots of other AHs did. LOTG is offering more ways to pay and being flexible and this board still finds a way to BITCH...really? Yes, LOTG must be hiding in the weeds and gaining so much profit for the option of taking p/p, and like he said they charge up to 4% for using it. Maybe people should do some more investigating before they just let their mouth rip...

What does "this board" have to do with anything? Boards don't bitch people do. Please continue.....

[rainier2004]

Originally Posted by Leon

What does "this board" have to do with anything? Boards don't bitch people do. Please continue.....

Completely right Leon, I apologize for my comment. There are tons of wonderful people on this board and tons of people that are very positive and bring tons of hobby info to the board. That was a wide brush on my part. PEOPLE still find a way to bitch...

[bxb]

Just take your true bid and divide by 1.2 or 1.23.

[Leon]

Originally Posted by rainier2004

Completely right Leon, I apologize for my comment. There are tons of wonderful people on this board and tons of people that are very positive and bring tons of hobby info to the board. That was a wide brush on my part. PEOPLE still find a way to bitch...

No worries.
I know people like to gripe about stuff but sometimes that gripe can turn into something positive too. Al got to clarify this situation so now members, and folks who only read the board, will know the rules concerning the BP.
There are several AH's that now charge an uptick in BP if paying by PP or CC. But I usually just figure 20% BP on my bids for all AH auctions when I am bidding. If it is 1-2 percent more or less, it's not that big of a deal to me. I am old school and will usually just put a check in the mail for lots won so I get the lower fee.
But I do agree, people (collectors) will always find something to gripe about. I don't see how an extra option should be looked at unfavorably but who am I to say?
"This board" is an inanimate object though and they don't gripe (much). Now get back to some Cracker Jacks....and looking at LOTG's new auction in more detail....
https://loveofthegameauctions.com/auctionlanding.aspx

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