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noob? again..why are ppl afraid of paypal #596598
Fri Feb 06 2015 06:03 PM
Fri Feb 06 2015 06:03 PM
Joined: Feb 2015
Posts: 23
grand junction, colorado
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rockytops Offline OP
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rockytops  Offline OP
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Posts: 23
grand junction, colorado
seems to me a lot of people are like totally against accepting paypal as a payment.. I'm looking at selling something and now im wondering WHY? As a seller do they not protect you? I just need to know thanks in advance!

Re: noob? again..why are ppl afraid of paypal [Re: rockytops] #596600
Fri Feb 06 2015 06:24 PM
Fri Feb 06 2015 06:24 PM
Joined: Jun 2013
Posts: 482
Lancaster, PA
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nam5072 Offline
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nam5072  Offline
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Lancaster, PA
Paypal seems like the most secure. So im not sure why they wouldnt like it.

Re: noob? again..why are ppl afraid of paypal [Re: rockytops] #596601
Fri Feb 06 2015 06:24 PM
Fri Feb 06 2015 06:24 PM
Joined: Oct 2007
Posts: 3,266
Mass
KZ1000 Offline
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KZ1000  Offline
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Mass
they don't want to pay any fees on there $$$$$$$$$ profits


"Remember, history that is forgotten is doomed to repeat itself!"
Re: noob? again..why are ppl afraid of paypal [Re: rockytops] #596609
Fri Feb 06 2015 07:18 PM
Fri Feb 06 2015 07:18 PM
Joined: Dec 2003
Posts: 1,051
Canby, Oregon
Neil Gerrard Offline
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Neil Gerrard  Offline
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Canby, Oregon
How much sense does it make to give 3% of your money away? I take paypal on ebay because it's required but don't otherwise. To answer your question, no, they don't protect sellers at all, like totally smirk
Originally Posted By: rockytops
seems to me a lot of people are like totally against accepting paypal as a payment.. I'm looking at selling something and now im wondering WHY? As a seller do they not protect you? I just need to know thanks in advance!

Last edited by Neil Gerrard; Fri Feb 06 2015 07:18 PM.
Re: noob? again..why are ppl afraid of paypal [Re: Neil Gerrard] #596615
Fri Feb 06 2015 07:51 PM
Fri Feb 06 2015 07:51 PM
Joined: Aug 2012
Posts: 275
Manassas, VA
JeffS Offline
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JeffS  Offline
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Posts: 275
Manassas, VA
Originally Posted By: Neil Gerrard
How much sense does it make to give 3% of your money away?


For me, it doesn't make sense to not accept PayPal. By not doing so, you are eliminating a large segment of your potential buyers. I'm hesitant to send a check or money order to someone I don't know. PayPal, while not perfect, provides a level of protection that far exceeds mailing a check or MO. If you are concerned about the 3% fees, just incorporate that into your prices.

Re: noob? again..why are ppl afraid of paypal [Re: JeffS] #596619
Fri Feb 06 2015 08:05 PM
Fri Feb 06 2015 08:05 PM
Joined: Dec 2011
Posts: 8,818
Abbotsford, British Columbia, ...
Dave's Garage Offline
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Dave's Garage  Offline
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Abbotsford, British Columbia, ...
Originally Posted By: JeffS
For me, it doesn't make sense to not accept PayPal. By not doing so, you are eliminating a large segment of your potential buyers.


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.

E-bay is different. I fail to see what protection a seller needs in a private transaction such as on Oldgas sales. Seller is the one holding the goods and the money. Buyer is placing more trust in the seller then vice versa.

Last edited by Dave's Garage; Fri Feb 06 2015 08:07 PM.

Dave GILL,
Dave's Garage & Memorabilia, Inc.
Re: noob? again..why are ppl afraid of paypal [Re: JeffS] #596623
Fri Feb 06 2015 08:41 PM
Fri Feb 06 2015 08:41 PM
Joined: Dec 2003
Posts: 1,051
Canby, Oregon
Neil Gerrard Offline
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Neil Gerrard  Offline
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Canby, Oregon
I don't need a large segment of potential buyers, 99% of what I sell on Oldgas or elsewhere sells easily. If someone isn't comfortable sending me a check then they can move on, no harm no foul. If someone wants to give money away then they're either very wealthy or never learned the value of money and working for it. Dave, just because you give money away to the government and others shouldn't make you not care about the 3%, it should make you care more. You have a choice. If someone walked up to you and said give me $30 out of that $1000 sale for essentially doing nothing would you just hand it to them? Yes paypal serves a purpose but as a seller why use them if you don't have to, seems silly to me but to each their own. Regarding those percentages you pay, would you still pay them if given the choice?
Originally Posted By: JeffS
Originally Posted By: Neil Gerrard
How much sense does it make to give 3% of your money away?


For me, it doesn't make sense to not accept PayPal. By not doing so, you are eliminating a large segment of your potential buyers. I'm hesitant to send a check or money order to someone I don't know. PayPal, while not perfect, provides a level of protection that far exceeds mailing a check or MO. If you are concerned about the 3% fees, just incorporate that into your prices.

Last edited by Neil Gerrard; Fri Feb 06 2015 08:45 PM.
Re: noob? again..why are ppl afraid of paypal [Re: Neil Gerrard] #596628
Fri Feb 06 2015 09:23 PM
Fri Feb 06 2015 09:23 PM
Joined: Aug 2012
Posts: 1,375
Wa
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Tbirdgas Offline
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Tbirdgas  Offline
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Wa
I don't sell on ebay, The 3% doesn't mean a thing to me. I just Don't like Them Telling Me What I Have to Do to sell.

Last edited by Tbirdgas; Fri Feb 06 2015 09:29 PM.
Re: noob? again..why are ppl afraid of paypal [Re: Tbirdgas] #596640
Fri Feb 06 2015 11:32 PM
Fri Feb 06 2015 11:32 PM
Joined: Feb 2013
Posts: 43
camano island, wa.
tommyboy Offline
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tommyboy  Offline
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Posts: 43
camano island, wa.
For the buyer paypal is fast and secure and the seller can't say he never got your check or money order....lost in the mail ya know. For the seller he would know pretty fast if the buyer was really serious and not saying the " checks in the mail" and after 2 weeks you finally figure out he was just blowing smoke about buying your item, and now you have to start all over in trying to sell it. As for the 3%, either add it to your asking price or eat it. As for offering paypal as a form of payment, if you don't it will cut down on willing buyers, but then again if you have a hot item it won't matter as much and someone who really has to have it will be willing to pay for it in any form you want. The worst part in any deal is unscroupulous sellers AND buyers....another subject altogether.

Re: noob? again..why are ppl afraid of paypal [Re: tommyboy] #596641
Fri Feb 06 2015 11:49 PM
Fri Feb 06 2015 11:49 PM
Joined: Mar 2002
Posts: 6,772
illinois
Lastgas15 Offline
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Lastgas15  Offline
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illinois
Would anyone really pass on buying an item they want or need because a seller doesn't accept paypal?
I know I wouldn't.


Wanted: Gas pump globes:Sinclair & affiliates, IL companies. Ripple bodies. Anything Sinclair, Stoll, Pierce, 4 Bros.


http://www.lastgas15.com/
Re: noob? again..why are ppl afraid of paypal [Re: Lastgas15] #596643
Sat Feb 07 2015 12:49 AM
Sat Feb 07 2015 12:49 AM
Joined: Dec 2011
Posts: 8,818
Abbotsford, British Columbia, ...
Dave's Garage Offline
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Dave's Garage  Offline
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Abbotsford, British Columbia, ...
All valid points. All are valid positions to take.

Originally Posted By: Lastgas15
Would anyone really pass on buying an item they want or need because a seller doesn't accept paypal?
I know I wouldn't.


Kinda exactly what I was trying to say. as much as I wouldn't walk away from a purchase because of 3%. I wouldn't give up a sale or narrow the pool of potential buyers for 3%.

Neil, it's not that I don't place a value on money. It's as simple as, I value convenience and time (both as a seller and a buyer) more then 3%. Don't focus on the $30 so much that you fail to consider the $970. I'll give $30 away any day to secure a $970.00 sale. Most business models spend more then 3% on advertising to secure sales.

Most of us, use credit cards to to collect cash rebates, awards or points. The merchant where you made your purchase is paying similar charges (sometimes in excess of 3%) depending on the card. Those incentives paid by the credit card companies are down loaded to the merchants. For me 3% is simply another cost of doing business. Just like listing fees are a sellers responsibility in my opinion so should the fee's associated with acceptance of payments.

Anyways, no right or wrong position. Just a matter of personal preference, ones interpretation and position on buyers and sellers obligations and responsibilities.


Dave GILL,
Dave's Garage & Memorabilia, Inc.
Re: noob? again..why are ppl afraid of paypal [Re: Dave's Garage] #596649
Sat Feb 07 2015 02:54 AM
Sat Feb 07 2015 02:54 AM
Joined: Jan 2012
Posts: 650
Northern CA
Paul Bell Offline
Petro Enthusiast
Paul Bell  Offline
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Joined: Jan 2012
Posts: 650
Northern CA
The 3% fee isn't horrible IMO, just when you start adding ebay fees it starts to get out of control. You can't really find the buyers without ebay, so trying to save that PayPal 3% makes the whole transaction a little more palatable. If it wasn't for the instaneous payment aspect of PayPal I wouldn't use it either, that I like so I grudgingly encourage buyers to use PayPal. Also, PayPal isn't real friendly to sellers when issues come up. The up to 6 months to dispute a transaction is really ridiculous. I'm glad ebay spun off PayPal, maybe it'll get better.

Re: noob? again..why are ppl afraid of paypal [Re: Paul Bell] #596651
Sat Feb 07 2015 05:01 AM
Sat Feb 07 2015 05:01 AM
Joined: Nov 2001
Posts: 1,704
Near Tracy Rock
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huskybob Offline
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Near Tracy Rock

Re: noob? again..why are ppl afraid of paypal [Re: huskybob] #596668
Sat Feb 07 2015 07:17 AM
Sat Feb 07 2015 07:17 AM
Joined: Jun 2011
Posts: 1,812
Oklahoma
texacokie Offline
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texacokie  Offline
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Posts: 1,812
Oklahoma
It should be in the dictionary as: Paypal; fees suck.


I am always looking for anything Texaco or Oklahoma oil and gas company's, also I am a newbie at seeking globes.
Re: noob? again..why are ppl afraid of paypal [Re: texacokie] #596683
Sat Feb 07 2015 08:59 AM
Sat Feb 07 2015 08:59 AM
Joined: Jul 2000
Posts: 7,841
South of St. Louis, MO USA
Oldgas Offline
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Oldgas  Offline
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Posts: 7,841
South of St. Louis, MO USA
In the big picture, any business that accepts credit card payments has to figure a transaction fee into the cost of doing business. When you buy gas, go out to eat or purchase things at a store, the business pays a percentage to the payment processor. Nobody likes fees. But they pay for the service and convenience you get.

Interesting that when we collected money for Dick Bennett's widow, 99% of you sent the money via Paypal. Only a few sent it as a "Paypal gift" and very few as a check. I never mentioned fees or that I would cover the fees. I was very happy to get what we got and Paypal made it easy for me. I personally think we raised more for her because we used Paypal.

Last edited by Oldgas; Sat Feb 07 2015 09:03 AM. Reason: spelling

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