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Joined: Feb 2015
Posts: 51
Active Member
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Active Member
Joined: Feb 2015
Posts: 51 |
[quote=Dave's Garage]What is 3% in the big scheme of things? I fail to understand why 3% is such a big deal breaker. I pay 40%+ income tax. I pay 12% sales tax. 15-20% buyers premiums. Looking at 30% inheritance tax on my father's estate. 15% tips to waitresses. Property taxes, road and bridge tolls...the government has got me so use to paying taxes that 3% seems so inconsequential.[/quote]
That is well said, and works great when you're buying something of value like a laptop and need it quick. On the other hand I've been selling on a handful of small websites and have saved just over $450 in ebay/paypal fees the past 4 months.
[b][size:10pt]$450 can buy you a lot of doughnuts....!!!!!![/size][/b]
Don't even get me started when the Paypal machine docs/debits your account for say -$125 because some scammer in France was smart enough to game their automated system. Twice, the ebay phone rep told me there was NOTHING they could do to bring MY money back. At 6 months, we kicked it up to the supervisor, and got MY money back. Translated, the money in the paypal account really never is yours until at least a month has passed, past delivery. I don't have deep pockets, and to have say a large $500 dollar deal get held up and frozen for 6 months is just ain't an option for many sellers.
Laugh Hard, Hang Tough, Lend a Hand Ramblin Randy
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Joined: Nov 2002
Posts: 4,962 Likes: 17
Moderator
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Moderator
Joined: Nov 2002
Posts: 4,962 Likes: 17 |
I have owned my business for 16 years and have seen my credit card sales jump from 25% to over 50% in that time, fees have gone up accordingly, I eat that rather than raise prices, cost of goods is hard enough to keep up with. This is funny. You dont seem to care about taking 2-3 points VIA your credit card terminal, but no way.. not 3 points from paypal. LOL Just busting your chops Neil! I can understand both sides of the story. I prefer paypal, as well as using my credit card terminal here at the shop. Obviously everybody loves cash. I see less and less checks every year from Joe public.
FREEDOM oil items wanted.
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Joined: Dec 2003
Posts: 1,055
Veteran Member
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Veteran Member
Joined: Dec 2003
Posts: 1,055 |
Yes but the difference is I'm required to do it at my store, part of my franchise agreement. I wish it was only 2 to 3 points, transaction fees etc have gone up. I do take paypal for every transaction on Ebay, same reason, forced to by Ebay. Life is about choices usually, it's not the 3 percent, it's the fact that it's rammed down your throat. People seem to be dwelling on it's only 3%, I pay more here and there yada yada. When you become numb to things that's when you're vunerable. It's happening in many aspects of life today. I choose not to roll over for it, that's all, I certainly don't fault anyone who does. I have owned my business for 16 years and have seen my credit card sales jump from 25% to over 50% in that time, fees have gone up accordingly, I eat that rather than raise prices, cost of goods is hard enough to keep up with. This is funny. You dont seem to care about taking 2-3 points VIA your credit card terminal, but no way.. not 3 points from paypal. LOL Just busting your chops Neil! I can understand both sides of the story. I prefer paypal, as well as using my credit card terminal here at the shop. Obviously everybody loves cash. I see less and less checks every year from Joe public.
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Joined: Feb 2015
Posts: 51
Active Member
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Active Member
Joined: Feb 2015
Posts: 51 |
After taking a break from selling on ebay... I came back and it was right when they started that strong arm forcing paypal *****-o-la. I remember vividly how the Paypal fees alone at the end of the week were $32.00 and some change. Again, that's money that should have been in my pocket.
$32.00 can buy a decent amount of doughnuts..... or 4 Sirloins.... or a Good Pizza and Good Beer Night Out....
Someone enjoyed that $32.00 and it wasn't me.
Laugh Hard, Hang Tough, Lend a Hand Ramblin Randy
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