AlexN2coins2004

E-bay is completely bias against the people that actaully make e-bay

THE SELLERS!

12% fees on all items sold and the fact you can only leave positive feedback and paypal will always side with the buyers ex: seller sells a $100 item with $5 shipping and pays $12 e-bay FFV and $3.35 in paypal fees

the buyer receives the item and they CAN lie and say it's not as descibed
and get their $105 back and pretty much keep the item since paypal doesn't care nor do anything to make sure the seller gets it back

so that one sell is really a $-117 loss for the seller and a free $100 item for the buyer and e-bay gets to keep the $12 fee

OH and the kicker the buyer can leave neg. feedback just cause he wants to and the seller can only leave positive feedback

HandsomeToad

That's just one of the stupid changes lately.

Ebay is going backwards when they think they are going forwards. Theory of Relativity?

Ribbit

PennyGuy

My theory says: The collective intelligence of a group of eBay executives is inversely proportional to the number in the group.

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RUFUSREDDOG

Entropy?

clembo

I no longer sell on ebay. I find this to be a very simple solution to the problem.

I also do not accept Paypal when I DO sell. Check, money order or cash. The method of shipping is up to the buyer. I can send real cheap but you get NO guarantees.
I get my money in hand before shipping.

I used to operate like this on ebay and never had problems. Simplicity worked just fine for me.

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A closed mind is no mind at all...

krispy

'I no longer sell on ebay." ... "I also do not accept Paypal when I DO sell. Check, money order or cash."

It is currently against eBay policy to not complete transactions through Paypal. Against eBay policy to accept checks, cash or MOs. If you are no longer selling on eBay do you mean that you do not accept Paypal using other online listing sites? If so are those services better or the way eBay used to be, to you?

I welcome the Paypal policy. Too much waiting and scamming in MOs, cash and checks. Lost mail, lost money, lost time. It hasn't bothered me to pay for the convenience and safety of Paypal although the rates are too high.

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clembo

I stopped selling on ebay when they made Paypal mandatory. I don't use it at all and have never really been burned by it.

The time thing? No biggie to me. I don't use Paypal to buy either. I figure if I've lived 47 years without a coin what's another week or two. I know some have to have it right now and I may lose an occasional sale over it but so be it.

I don't sell high dollar items so why give Paypal my money?
If people want to cut their potential profits every time they sell on ebay by following their ludicrous rules let them.
If I really need to sell a coin I have local people and work of course. After ebay fees I can get the same, a bit less, or sometimes more without the headaches.

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A closed mind is no mind at all...

Boss

I agree with this Krispy. I have just started selling on eBay but Paypal tracks the info well and most of my coins I have not owned long enough to profit significantly though I have on several items here and there. I mostly sell to pay for upgrades and accept I may probably will sell at a loss. At least coins have no lost like Wall Street.

Once bought from a buyer that only accepted MO, cash or check. I found it very annoying. It took forever to get the coins (3 weeks or so). Just MHO's

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coinman0456

Let me ask a question. When a seller only accepts Pay Pal, are the sellers money already collected and deposited into the sellers bank account before shipping occurs ? If your selling "raw" coins, I can understand how a buyer may have a reason for deciding it was not as expected, because photographs can and are manipulated. If a buyer disagrees with the slabbed coin, once in hand , they have a claim against the TPG, not the seller.

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clembo

A great point as we do sell on ebay at the shop. I just don't personally.

We make it VERY clear that a slabbed coin is just that. Guess it boils down to you're buying the plastic. Cruel but true. Buy it and it's yours period.
We're honest about it and point out things we may disagree with. NOW, if you disagree with the TPG good luck is all I can say.

If it's raw it's a different matter. Although we don't doctor photos we are NOT professional photographers. Returns are accepted and the terms laid out in every auction. This has never been a problem.

Do we get Paypal money in the account pronto? Of course, we sent a coin to Germany immediatley after receiving funds then the buyer claimed he never received it. Paypal was SO helpful. Basically told us to prove other wise.
End result was we lost about $500 and if you buy outside the U.S. you pay some hefty shipping as it won't happen again.

Paypal funds arrived immediately and they took them back faster. Ebay and Paypal made money. Funny how that works isn't it?

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A closed mind is no mind at all...

krispy

"When a seller only accepts Pay Pal, are the sellers money already collected and deposited into the sellers bank account before shipping occurs ?"

Current eBay policy only allows Sellers to collect funds/payments from Buyers using PayPal. The money is deposited into a Sellers PayPal account first by the buyer (then a Seller will ship) then with a balance in PayPal the Seller can withdraw or transfer funds in several ways. You do not need any money in the PayPal account to be a Seller once registered and bank account and address verified to conduct sales. Anyone with a balance in their PayPal account can transfer funds to their bank account, use a PayPal debit card or request a physical check be mailed to them with the funds, or you could spend the money in your account elsewhere buying something else with the funds. As soon as the money is in your PayPal account you can start moving it or using it. If you haven't shipped an item to a Buyer or they dispute the item later and the money is out of the PayPal account PayPal cannot directly withdraw the money from your bank account. Nothing really prevents a Seller from moving or using the money collected from Buyers once the transfer of funds is complete and this could all be done prior to shipping the item, prior to the item arriving or a dispute arising over said item. Does that answer your question?

Anyone else have any other angles to point out that I didn't consider?

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schatzy

No, The seller has to transfer the money into there bank account if they so wish to do so. I leave the money in my paypal account till after I print all of the shipping labels and then I transfer the money to a different bank account that is not linked to my paypal account. Read my post about them freezing my paypal account. I used to only transfer money once a month but after this whole thing I do it a lot more now.

I don't sell raw coins besides modern coins and I never had a problem with them. I mainly sell slabbed coins and I get a few people that want to return the coin and I usually let them just because I think it is the right thing to do, remember the buyer is always right. The returns for slabbed coins is very low and I never use stock photo's, that way the buyer knows what she/he is buying.

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My Toned Roosevelt's

Grbose

I too sold on eBay for 6 years and gave it up 9 months ago for all the reasons noted, had a 100% feedback rating and still do CEOGBOSE but decided to take things into my own hands and develop an auction site with all the same features as eBay without all the BS. It's simple like eBay was in the beginning Sellers get the same respect as buyers and feedback goes for both buyers and sellers. All honest disgruntled eBay sellers welcome there's no listing or reserve fees ever. www.CoinSpace.org

krispy

Terrific! Thanks for the background and invite. I'm impressed with your initiative to take a negative (eBay/PayPal) and make something better for the coin & currency community. I've bookmarked your site and will be checking it out.

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coinguy2020

Thats the way I do business! And i am sick of Ebay, now you HAVE to take PayPal.

I never had a problem when i took US postal Money orders. Even personal checks i held till it cleared and sent the item.

Ebay has it all figured out how to skim a lot of money from the seller.

You know what is next for Ebay??

I bet a Buyer premium.

Lets see how that settles.