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Paypal gift option

D

dan b

Active member
Why do so many people selling detectors ask the prespective buyer to lie about the gift option? In my opinion, it's hurting your chances to sell your machine quickly. When I see that, I move on. I'm not going to lie, and then sacrifice any protection that Paypal offers buyers.

Here is my advice. List your machine for 3% higher than what you want in your pocket and skip the monkey business.

JMHO,

Dan
 
My thoughts exactly. Never again will i buy anything using the gift option.
 
Don't blame the seller, he is just trying to save the buyer some money. Any reasonable and honest seller will gladly raise the price 3% if the buyer is willing to pay it, all you have to do is ask if you can pay more. It all boils down to trusting who you are dealing with.
 
I am under the impression that if a buyer agrees to use the "gift" option, he (the buyer) will be responsible for paying the 3% PayPal commission.

If the seller were to accept a "regular" PayPal payment, he (the seller) would be responsible for paying the 3% PayPal commission.

-NEBeachcomber
 
It all boils down to trusting who you are dealing with.
Click to expand...

Exactly!

Feebay and PayPal make more than enough money off me I don't mind if someone wants to save a few bucks. Last detector I sold on Feebay they(Feebay & Paypal which is one in the same) made $120 off my sale then they put a hold on my money for almost a week so they could collect interest off of it as well.

For the record. If you've ever sent money via "gift", by the way they don't call it gift anymore its called sending money to family and friends, there is a disclaimer at the bottom that states you still have 45 days to file a claim on the above transaction.
 
Unless the rules have changed, there is no fee to either party to send money to family or friends....... "old gift option"
 
Southwind said:
It all boils down to trusting who you are dealing with.
Click to expand...

Exactly!

Feebay and PayPal make more than enough money off me I don't mind if someone wants to save a few bucks. Last detector I sold on Feebay they(Feebay & Paypal which is one in the same) made $120 off my sale then they put a hold on my money for almost a week so they could collect interest off of it as well.

For the record. If you've ever sent money via "gift", by the way they don't call it gift anymore its called sending money to family and friends, there is a disclaimer at the bottom that states you still have 45 days to file a claim on the above transaction.
Click to expand...


That's right south wind, I accept paypal gift or if you'd like to pay paypal an extra 4% I will accept that as well, or I can take your credit card over the phone! Anyhow, like you said i can't stand giving them money most times between eBay and PayPal they make more than I do on the detector! Lol it's crazy!!!
 
If paypal stopped giving the gift option how many people would stop using them? Personally i don't see a problem with paying them for a service that apparently many people use and many people like. Also can any good come of starting something out with a lie? jmo. but to each their own i reckon.
 
When I send money for an item I consider them a friend or I wouldn't trust them. I am sending money to a friend.

I sold a guitar for $1,200. I paid listing fees, $120 to eBay and $35 to PayPal when I sold it. Their fees are way over the top so when I have a chance to save the person I'm selling to or myself a few bucks I do it.
 
It's not like I charge more to use paypal gift I am passing those savings to the customer!! However if the customer decides they want to pay paypal through the goods option I accept that as well! In the end I make the same either way I just like to be able to save the customer a little cash, it's not so bad on a 300 dollar purchase but on an etrac or ctx it can be 100$ or more in some cases! That's why I allow the customer to decide, and if they don't like paypal I will take their card over the phone... SEMPER Fi

The way the economy is the big corporations can use a little less if it means the normal people like us save some in my humble opinion!
 
Southwind said:
When I send money for an item I consider them a friend or I wouldn't trust them. I am sending money to a friend.

I sold a guitar for $1,200. I paid listing fees, $120 to eBay and $35 to PayPal when I sold it. Their fees are way over the top so when I have a chance to save the person I'm selling to or myself a few bucks I do it

I guess, if that makes you have peace. I have sent a lot of money to big online stores and am confident they are not my friend.
Click to expand...
 
vancemetaldetecting.com said:
It's not like I charge more to use paypal gift I am passing those savings to the customer!! However if the customer decides they want to pay paypal through the goods option I accept that as well! In the end I make the same either way I just like to be able to save the customer a little cash, it's not so bad on a 300 dollar purchase but on an etrac or ctx it can be 100$ or more in some cases! That's why I allow the customer to decide, and if they don't like paypal I will take their card over the phone... SEMPER Fi

The way the economy is the big corporations can use a little less if it means the normal people like us save some in my humble opinion!
Click to expand...

I sent you a P.M. a while back about a fisher sunray pinpointer and would pay by credit card. You sent me a P.M. saying an extra 3% for paypal:shrug:
 
Right meaning regular paypal not paypal gift yowwow! PayPal gift was that price regular paypal cost more because they charge!
 
Yowow,

You are correct. This is the sponsor's primary means, or modus operandi. The forum sponsor you mentioned did the same thing to me and I have received PMs from several others stating the same. For a regular Joe-bag-of-doughnuts selling a detector, I can understand using the gift option if both parties agree. For a sponsor, this should be a non-issue as it merely represents the "cost" of doing business. After all, a sponsor is profiting from the sale of an item. By asking a customer to pay by gift option, they are telling the customer they want to make even more money. In most cases, those who make private sales are losing money...they are merely trying to mitigate their losses. In this case, the Gift option makes sense.

On a particular note, Paypal fees average approximately 3%. On a $2000 sale, my math indicates $60 in fees. This runs contrary to the $100 estimate one of the sponsors stated. I would forgo this fee as a sponsor in hopes I would not insult or scare off a potential customer. Besides, I am still making 200-$300 for nothing more than a drop ship. As they say, just my incredibly humble opinion.
 
I guess, if that makes you have peace.
Click to expand...

Let's see, they charge me 13% to sell an item and hold my money so they can collect the interest off it free. Yea, I'm at peace with it!

Yes jeffc they charge a little more than 3% just to electronically send money, but if a store/seller sells and item it cost 13% by the time you pay listing fees, seller fees and the PayPal fees to exchange funds. Then they may, if the amount is high, hold your money for a week just to collect more money in interest.
 
Southwind,

I understand what you are saying; however, I believe the focus is on Paypal (3%) and not the Paypal/E-bay (10 + 3%) combination. Yes, it does range in the 13-15% range overall. Seems a little steep. I used to frequent auctions on a regular basis. When compared to the fees a typical auction company charges (nearly 30%), E-bay doesn't seem to be such a bad deal. Also consider the exposure you receive when listing items. I do not like giving them money; however, when you pay close to retail for an item and attempt to unload it on E-bay, you will never profit from it. Essentially, you are cutting your losses. It is nice to have a venue such as Findmall where you can sell items without a cost. This does help to soften the blow.
 
I guess where I have a problem is hold money for the sake of getting free extra funds. I also think the 13% is a bit high, wasn't that high of interest made illegal for the loan companies?, but my real beef is the holding funds. They use the lame excuse "it is policy to randomly hold money to ensure a good transaction", but they only do it on money above $,1000, at least that is what it has been for me, I've always had a 100% rating and never had a bad transaction, yet they want to hold my money to ensure a good transaction? Yea right! They don't bother to hold a $10 sell although price shouldn't matter if they were being honest. I've called them up several time to ask why they just happen to "randomly" choose to hold funds above $1,000 and none of the lower. They do it to make interest off holding your funds in their account as long as possible.
 
I am not advocating their practices. I believe they are charging a transaction fee as opposed to interest though. And based on their practices, that is why they are a billion dollar corporation and we are not. Many people were turned off years ago when E-bay acquired Paypal. It's sort of a double dipping concept. They make money both on the sale and the transfer of money. Personally, I do not like how they invoice your sales yet take Paypal transfer fees off the top. Wish they had one method exclusively. To avoid this and when I sell an item, I make it common practice to go to the account tab and settle my invoice immediately following the transaction. This way, I do not have a huge bill at invoice time.

And as my dad says, corporations run the country. No denying this.
 
vancemetaldetecting.com said:
Right meaning regular paypal not paypal gift yowwow! PayPal gift was that price regular paypal cost more because they charge!
Click to expand...

Yes Sir i understand that, but i wasn't paying by paypal, i was paying by credit card. you knew that by p.m. and you still said an extra 3% for paypal. maybe it was a misunderstanding but it was in writing, so you could have read it a second time. At any rate, water under the bridge... Good luck to you.
 
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