Fees and PayPal

@sissy67 (225)
United States
January 21, 2008 9:42am CST
I have sold 6 itmes on ebay. I have elected to only do paypal for paymenst. I have noticed that when I look at my paypal account that the total relects my balance after my fees. I received an email the other day saying that from Jan 29 thru Feb 2 to expect my fees to be withdrawn from my paypal account. What does this actually mean? I thought that the balance already shown them paid. Is that true and then the actual transaction just takes place at that time or what?
1 person likes this
7 responses
• United States
21 Jan 08
The key to selling on Ebay, is to know what approx. how much your item is worth, how much it has been selling for recently (as a member of Ebay you can search finished auctions & see final price) and factor in your Ebay & Paypal fees. Start your auction at a price close to what you want for it, rather than .99. Many auction end with only a few bids and if you have an item that you want $12.00 for, you are liable to end up selling for less than $5. So it would be smart to start the auction at $8.99 or $9.99 and maybe have 1 bidder. It's worth spending the .40 listing fee, rather than spending a .20 fee for a .99 listing. The one thing I would stay away from is charging a lot for shipping. Try to charge just a bit more than your shipping costs. Some Ebayers don't take kindly to paying $4.00 for shipping and getting a bubble-mailer with $1.30 worth of postage. Gouging buyers with a high shipping fee isn't a good business model and quite often the buyer will mention the price gouging in your feedback (plus you lost a possible repeat customer) Factor everything in when selling on Ebay--Ebay and Paypal shouldn't be the only people making money when you sell something on the site!
• United States
21 Jan 08
Your paying those ebay fees they get through owning paypal. This is why I have to close my store after Christmas every year.. have you tried selling on other sites to eliminate some fees?
1 person likes this
@sissy67 (225)
• United States
21 Jan 08
no I havent.....what other sites do u suggest?
1 person likes this
• United States
23 Jan 08
sissy: you may want to try www.craigslist.com. I have sold a few items, including collectibles, on this website, plus they DO NOT charge a listing fee. I owe ebay so much money now from listing fees, etc. it is not even funny & i only sold 1 item there - so therefore, never paid a profit at all. Good Luck to you!!
1 person likes this
@WC1989 (595)
• United States
21 Jan 08
Paypal and Ebay have their own fees. Ebay puts fees for listing and all that jolly stuff and once a month, they'll bug you about paying them. Paypal puts fees for credit/debit card transfers, some check transfers, currency converting, and some paypal-to-paypal transactions. So for you not to have paypal fees, the person would have to pay directly from a paypal balance and I think they'd have to have a personal account. I have a premier account and one time another person with a premier account tried to lend me money but there were fees. This never happened to me with people with personal accounts. So basically, you have to think VERY carefully when you're selling on Ebay as chances are you will end up paying 2 sets of fees. Be careful of the part on Ebay that says "allow credit card payments". That's the one that'll put you at risk for a paypal fee.
1 person likes this
@lilybug (21148)
• United States
21 Jan 08
The fees that are charged at the time of payment are the fees that PayPal charges. eBay sends an invoice once a month with your selling fees.
1 person likes this
@wmaths (536)
• Italy
30 Jan 08
I think that paypal fees are very high. If we want to sell a product on ebay, sometimes we are paid by paypal. But we have to pay ebay fees (that now have increased) and than to pay the paypal fees to receive a payment? What will be earn at the end of all this transactions? If we sell to a higher cost we won't sell anything. So, we are in troubles.
@karthima (112)
• India
22 Jan 08
How is the metjod to sell products in ebay? paypal is the best safe mode of getting paid in case od long distance deal.PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. It serves as an electronic alternative to traditional paper methods such as cheque and money orders. PayPal performs payment processing for online vendors, auction sites, and other corporate users, for which it charges a fee.sO, WHEN U earn go for the best safe option to reach it.
@kimbers867 (2540)
• United States
22 Jan 08
Other sites I would look into is to see if there is a local yardsale group in your area on yahoogroups. Then craigslist for your area. I have actually had very good luck with craiglists for big items (outside kid toys, exercise equipment, etc.) Craigslist is nice because the buyer doesn't have to pay shipping. They come by to pick it up.