I hardly ever send payments to sellers/Dealers unless I have 110% trust in them.
When I do send payments via Direct Debit it is basically to save the seller some money by not having paypal take their chunk out of the payment.
However when I send a payment via paypal I get a much faster response with the shipping details why is that?
Anyone else notice this?
I bought some coins off a dealer that I have purchased from on many an occasion and it has been 5 days now and not a whisper as to the shipping details :dash1:
Quote from: 'trout' pid='11089' dateline='1364680729'I hardly ever send payments to sellers/Dealers unless I have 110% trust in them.
When I do send payments via Direct Debit it is basically to save the seller some money by not having paypal take their chunk out of the payment.
However when I send a payment via paypal I get a much faster response with the shipping details why is that?
Anyone else notice this?
I bought some coins off a dealer that I have purchased from on many an occasion and it has been 5 days now and not a whisper as to the shipping details :dash1:
Direct debit deposit if done online can take 1-3 working days to enter the sellers' account and they have to check for it whereas paypal notify you.Some people might not check their bank accounts every day.I always send a message to the seller to say that I have made a bank deposit as ebay don't flag it like they do a paypal payment
Maybe your seller has gone away for Easter or like Steve said, the money hasn't arrived in his A/C yet. :angel:
Quote from: 'Nevol' pid='11091' dateline='1364683404'Maybe your seller has gone away for Easter or like Steve said, the money hasn't arrived in his A/C yet. :angel:
I recon you could be right Nevol :good:
the lucky sod is probably at the Sydney coin show .
I find eBay is always glitchy for anything bank deposit. If it's not eBay then you will find some sellers are more prompt than others.
Quote from: 'purplepennyhunter' pid='11093' dateline='1364684037'I find eBay is always glitchy for anything bank deposit. If it's not eBay then you will find some sellers are more prompt than others.
If every Dealer was as organised as you PP we would have nothing to whinge about :diablo::angel:
If a buyer doesnt properly complete checkout for bank deposit then ebay doesnt notifytheseller that they have sent the money. When you have quite a few payments goin into your account it can be hard to tell what is what when you dont know ehat you should be expecting in there.
Some of the difference are advertising dates compared to release dates as opposed to mint sending (they StuffIt it up all the time). Also consider up to 3 days for transfer to happen, dealers have weekends etc. I am sure all dealers, like me, do things as fast as we can.
I let people know when I have paid, that lets them know to start looking for payment.
I also keep customers up to date with when I receive payment and when item is posted.
With dealers I've had dealings with before I prefer to direct deposit so they can avoid the paypal fees.
I'm with the CBA but I assume this would be the same with any other Bank.
- if I deposit to another CBA account the money is there instantly.
- if I deposit to another banks account before 6pm it will be there the next business day.
As long as I still go through the ebay check out I dont have any problems
I wish all on line payments were done by Direct bank Deposits. It means that if the money appears in your account, then the money is yours.
Any other way is slow and maybe not quite secure as direct bank deposit.
Further, no fees are involved.
I have been informed that people do not like direct bank deposits for payment as they are not prepared to advertise thier bank account details.
i do most of my dealing with direct deposit ( selling and buying )
and not one oz of trouble yet ,, never , it always comes through good ,,, only sometimes i have to wait , 2 or 3 days for the payment to show up on my stayement , on line , that is , and i dont mind that because no paypal fees ,..
paypal fees have a min amount starting at .30 cents , so if you sell a .50 cent coin at . starting price of .99 cents and you get 1 bid for .99 cents then ebay charge you about .8 cents but paypal charge you min of .30 cents then .5 cents extra total .8 + .35 c = .43 cents so you get charged .43 c + plus you post your .50 c coin
total .93 cents so you make . 6 cents ..profit .. and if you charge
$ 1.00 postage you get an extra .40 c profit , yippi i o ,, kel ,,
Another thing Kel;, is that if the buyer ADDS the cost of postage to the monies he has to pay for the item then paypal take the same percentage of that little bit as well.
Three cheers for Direct Bank Deposit.
All of my sales on EBay state "Direct Bank Deposit is preferred" but most buyers still go through Paypal. I suppose they think they are gettingxtra guarantees/protection id things go haywire....as a result my profit, even though it is small, is reduced or is not a profitable as I thought.
true bruce , i listed a $ 20.00 note , AA first prefix note
starting bid $ 20.00 thinking it would go up higher , it had 1 bid at
$ 20.00 , ok no problems stayed that way for 5 days then another bid came in just before closing time at $ 22.05. and then that won it .
ok , winning bidder paid by paypal , and i payed paypal fees ,
then ebay charged their final value fees , and i got less then $ 20.00
for my trouble , i should have just gone out and spent it , better value that way .. ,, so i think i will add what you say in my listings from now on ,, direct deposit preferred .. ,, kel ,,
true bruce , i listed a $ 20.00 note , AA first prefix note
starting bid $ 20.00 thinking it would go up higher , it had 1 bid at
$ 20.00 , ok no problems stayed that way for 5 days then another bid came in just before closing time at $ 22.05. and then that won it .
ok , winning bidder paid by paypal , and i payed paypal fees ,
then ebay charged their final value fees , and i got less then $ 20.00
for my trouble , i should have just gone out and spent it , better value that way .. ,, so i think i will add what you say in my listings from now on ,, direct deposit preferred .. ,, kel ,,
It sucks that ebay forces paypal on everyone.
1. If paypal benefits are so great, then the party getting the "benefit" should pay the fees - however paying on the gas is specifically banned.
2. If I want to not accept payment by PayPal that should be ok. The argument should be that PayPal is so useful that I would not want to do that - not "you must use PayPal"
Paypal sucks.
my complaint is ,
when i sold that $ 20.00 note , for $ 22.05 my profit was only $2.05 and not $ 22.05 , that note is allready mine
but i have to pay fees on the whole amount ,of $22.05 not just the profit. of $ 2.05...
wrong ,,, wrong ,, wrong , ,, kel ,,
If I don't know who I am buying off I will ALWAYS use paypal.
It is easier and far more secure as far as a buyer is concerned.
Whenever I buy off people I know I can trust then I will use direct deposit whenever I can.
As a buyer paypal is a better option as it gives you the "Buyer Protection" Direct deposit doesn't :ok:
Yes Trout and that is exactly why "the buyer should pay the fees".
Paypal forcing someone else to pay for something that you want is wrong.
Quote from: 'Ozcoins' pid='11220' dateline='1364857141'Yes Trout and that is exactly why "the buyer should pay the fees".
Paypal forcing someone else to pay for something that you want is wrong.
That my friend is a great idea but as all really good ideas go the big corporations won't buy it.
If the buyers had to pay the fee then there would be less buyers and paypal would loose money.
What needs to be done is to lower the fees to a reasonable amount.
I am absolutely certain if my Bank charged the same as paypal on my pay check Deposit I would look for another bank :good:
Except (continuing your pay cheque analogy) your employer is forcing you to use a particular bank (which they own) with high fees.
Quote from: 'Ozcoins' pid='11223' dateline='1364858345'Except (continuing your pay cheque analogy) your employer is forcing you to use a particular bank (which they own) with high fees.
If that was the case I would be telling my boss In No uncertain terms to shove his job where the Sun doesn't shine :diablo::ok:
However you (and everyone else) dont do that with ebay/paypal....
Quote from: 'Ozcoins' pid='11225' dateline='1364859246'However you (and everyone else) dont do that witg ebay/paypal....
IF there was a viable alternative I would change over in a heart beat :yahoo:
The bottom line is this. I collect coins. I occasionally sell coins. I am sell because I have too many coins and I wish to reclaim my outlays with some profit. That profit is mine and it doesn't belong to the intermediaries. yes, EBay and Paypal assist me in selling the coins or whatever but I do believe they are taking too much out of each sale.
Give us another way so that the profit stays with the seller.
I am seriously thinking about setting up something as an alternative to ebay for collectors.
The mailn question is "Would it get enough users (buyers and sellers) to be viable?".
And that's always the issue, isn't it? There have been plenty of alternatives over the years, but none has reached critical mass, so ebay/paypal continues to rule the roost. :(