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June 2007
Posts: 3084
Location: Brisbane Australia | I have been told by a seller that if your Paypal account is linked to a bank account rather than a credit card the fees are less to the payee.
Is this correct?
If so by how much?
AJ |
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Joined:
January 2002
Posts: 14127
Location: 6 String Ranch | Interesting question. My paypal I always have the option of the funds coming from the bank account or a credit card. |
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September 2006
Posts: 10777
Location: Keepin' It Weird in Portland, OR | I just tried to research this... Man, they have so much legalese double-talk!
Plus, I had to link about eight questions before I figured-out.... Nothing!
Here is what I do know. As a seller, I figure that I will give them 3% on anything. They say crap like 2.9% plus $0.30 per transaction. That goes down a teeny bit as the price goes up.
Add to that a eBarf fee of around 8.3% more-or-less, and I figure eBarf makes 10% or more.
eBarf and PayPal are the same company, and eBarf does not allow you to us BidPay or any of their competitiors.
As far as I know, it costs you nothing to Pay with PayPal as a buyer. I believe that you can always use a credit card to pay, and the money goes to PayPal. PayPal then sends me My money, but they still charge me that 3%. But I think that having a verified bank account means less time transferring into your PayPal account when you are Buying something.
Wasn't that Helpful? Not? :rolleyes:
Oh... If PayPal charges you folks downunder to use the service, disregard anything that I just typed :p |
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Joined:
August 2005
Posts: 3736
Location: Sunshine State, Australia | So they're charging us a percentage for selling our stuff, then charging another percentage to use their money handling service while excluding all other methods of payment????
I'd call that double dipping and the monopolies commission would have something to say about that. I wonder if that's why they've delayed their implementation date.
I personally think I need to find an eBay alternative. This sledgehammer attitude just pisses me off. |
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February 2005
Posts: 11840
Location: closely held secret | eBid . |
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December 2003
Posts: 13996
Location: Upper Left USA | You get a World Market for about 6%.
How many bussiness' only spend 6% on advertising?
Be educated about it and make your choice. If you use a Visa figure that in as well. |
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June 2007
Posts: 3084
Location: Brisbane Australia | This actually wasn't for an ebay purchase.
It was for a private transaction using Paypal to transfer the funds.
OMA I'm with you I couldn't make head nor tail of their jargon either, that's why I asked the question
Thanks for your info.
Obviously there is a fee involved regardless.
I find it interesting that on a straight money transfer that it is the payee that has to cop the fees.
I think there should be an option as to who pays the fees. FWIW
I agree it is double dipping especially when on Ebay Oz as of July 17 you HAVE to use Paypal.
No direct deposits, no bank transfer, no COD.
NO CHOICE!!.
There are a few items exempt but not many.
It will help things like eBid no end I would think.
AJ |
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Joined:
March 2005
Posts: 2793
Location: Atlanta, GA. | I had $500 sent to me a few months ago via Paypal for a non-Ebay transaction.
The sender's account is linked to a credit card.
I received $480.12 in my account...
What a racket! |
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June 2007
Posts: 3084
Location: Brisbane Australia | Colin, they get you regardless from what I can find out.
Highway robbery.
AJ |
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Joined:
August 2007
Posts: 494
Location: Location Location Location | So they're charging us a percentage for selling our stuff, then charging another percentage to use their money handling service while excluding all other methods of payment????
Yes, that's pretty much it. Sellers are charged a higher rate for accepting credit card payments than bank accounts because of the fee involved to the merchant.
Aside from that, there was an article recently that Australia is a test market for excluding all other payment methods besides Paypal. This is generally what Ebay does; they test a limited market, and if it goes without a hitch, it gets applied world wide. Welcome to the world of Big Money; "Hooray for me and screw you!" |
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Joined:
February 2005
Posts: 11840
Location: closely held secret | The link to this doesn't work (subscription site) but here is the text from an Auctiva article:
Australia Blocks eBay's PayPal-Only Bid
'Consumers are in the best position to decide.'
by Auctiva.com staff writer - Jun 13, 2008
Australia's commerce regulator has told eBay to table a plan that would limit transactions within its online marketplace to cash-on-pickup or PayPal, which eBay owns.
In response, eBay announced it would delay implementation of its new payment policy until July 15. The PayPal-only policy was originally set to take effect June 17.
In a draft notice issued June 12, proposing to revoke eBay's request for immunity from Australia's fair trade practices law, the Australian Competition and Consumer Commission (ACCC) said it was concerned that, in practice, the policy would give eBay too much power and stifle competition in the online payment marketplace.
ACCC chairman Graeme Samuel acknowledged that having PayPal as the only payment provider could be beneficial to buyers in certain cases but said the benefits of increased buyer protections would not outweigh the anti-competitive effects.
"[The] ACCC believes that consumers are in the best position to decide which payment method is most suitable for them," he said. "The notified conduct denies them that choice."
Starting on May 21, 2008, eBay began requiring Australian sellers to offer PayPal as one of their accepted payment methods. That aspect of the payment policy remains in effect. Responding to the ACCC notice, eBay said it will still provide up to $20,000 in PayPal Buyer Protection starting June 17, as originally planned.
In a statement on eBay Australia's general announcement board, a message attributed to "the eBay team" said that eBay "is disappointed that the ACCC's current view delays the opportunity to provide consumers a more secure way to shop on eBay.com.au with confidence.
"eBay intends to work with the ACCC and hopes to achieve a final outcome which has the safety and security of eBay's members as its paramount objective. eBay will delay the removal of other payment methods from the site until Tuesday 15 July," the statement read.
The ACCC said it will consider further submissions from eBay and other interested parties in response to the draft notice before issuing a final decision. |
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Joined:
August 2007
Posts: 494
Location: Location Location Location | I hope Australia sticks to its guns on this one. |
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January 2002
Posts: 14127
Location: 6 String Ranch | They are all proctologists anyway, why does this suprise any of us? It's just the cost of doing business with people you don't know or trust. |
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Joined:
March 2008
Posts: 119
Location: everywhere | Buyers screw their local dealers every day by purchasing online. then they complain when ebay and paypal want to be compensated for the servie they provide. 3% paypal fee is very reasonible |
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Joined:
August 2007
Posts: 494
Location: Location Location Location | Buyers screw their local dealers every day by purchasing online. then they complain when ebay and paypal want to be compensated for the servie they provide. 3% paypal fee is very reasonible As a seller, I'm charged 5% to accept payments from international buyers at times, and that's NOT reasonable; especially when Ebay's selling fees keep going up, and sellers are pressured to keep their handling fees down. |
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Joined:
September 2006
Posts: 10777
Location: Keepin' It Weird in Portland, OR | "Australian Competition and Consumer Commission (ACCC)"
We need one of them in the US of A!
I bet we have something like it, but it is run by business-interest lawyers and lobbyists. |
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Paypal fee question