Direct Deposit

Started by trout, March 31, 2013, 08:28:49 AM

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trout

March 31, 2013, 08:28:49 AM
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:
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

stevo1962

#1
March 31, 2013, 09:02:36 AM
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
It\'s not about who you know it\'s about what you know

Nevol

#2
March 31, 2013, 09:13:24 AM
Maybe your seller has gone away for Easter or like Steve said, the money hasn't arrived in his A/C yet.  :angel:
A Platypus is a duck designed by a committee ( anon)

trout

#3
March 31, 2013, 09:16:15 AM
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 .
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

purplepennyhunter

#4
March 31, 2013, 09:23:57 AM
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.
Co-Founder Australian Coin Forum

trout

#5
March 31, 2013, 09:28:47 AM
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:
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

enworb

#6
March 31, 2013, 09:42:56 AM
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.

Bigfellani5

#7
March 31, 2013, 09:44:38 AM
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.

Australian coin

#8
March 31, 2013, 10:10:48 AM
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.

MobOfRoos

#9
March 31, 2013, 11:41:28 AM
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

Goldseeker

#10
March 31, 2013, 12:02:09 PM
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.
Message rec\'d from Jens Coins 18 Jul 23: 
Bruce Mansfield passed away today 18 Jul 2023 – Acute Myeloid Leukemia

keldaw

#11
March 31, 2013, 03:47:48 PM
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 ,,
take care because we care ..

Goldseeker

#12
March 31, 2013, 05:15:11 PM
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.
Message rec\'d from Jens Coins 18 Jul 23: 
Bruce Mansfield passed away today 18 Jul 2023 – Acute Myeloid Leukemia

keldaw

#13
March 31, 2013, 09:36:26 PM
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 ,,
take care because we care ..

Ozcoins

#14
April 02, 2013, 08:03:27 AM
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.
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