Hey guys is there and online bullion dealer that accepts pay pal. I don't want to use my credit card or send a money order. Thanks
PayPal charges a fee. To use PayPal you need to link your checking account, I think they need a credit card as well so payments can be sent immediately. Dealers make you pay the charges, so best to see if you can send a wire transfer so they get the money faster and you do not pay any extra charges.
And they're darn expensive: In the United States wire transfers are costly and seldom if ever used by consumers. As an example of the cost, Bank Of America as of February 2010 charged $25 to send a wire and $12 to receive one within the US. For international transfer, it charged $35–$45 outgoing, $16 incoming. However, fees may vary from bank to bank.
I doubt very much that they would advertise the point. If they do take PP I'm sure they keep a very low profile about it. jmo Surprise me someone!
Baloney. They make sure thay advertise the fact. Here's just one... scroll down for their big announcement. http://www.reedededge.com/
PayPal charges the seller a fee. If you check any major online bullion dealer, they clearly state that their prices are for cash transactions. If you pay by credit, they have a higher premium. If you pay by check, they hold your shipment. Now, if you find a dealer that is already charging a high premium, then maybe they accept credit card payments without charging more. Either way, the buyer pays for the premium My proof, check eBay. Buyers of silver pay about $4 - $5 an ounce average over what they can buy the same items for local to them. I can buy a a ounce round for about $36, so a little over $38 after tax. But on eBay I can buy the same round for $42. The seller nets about $36.50 after their costs. The buyer pays the fees/costs. If I buy $1,000 ore more in PM I do not have to pay tax, a greater savings. I can walk out of my LCS today with 30 ounces for $1,080. Online I will pay at least $1,200 but most likely about $1,260. The seller will net about $1,100. SO, I'd prefer to pay a $35 wire transfer fee and find a dealer at $1 over spot than pay someone $6 over (give or take after shipping costs). Makes perfect sense if you actually follow the money....
If you have enough money on deposit in a bank you don't pay fees for anything or get good deals. Last time I bought PM's I used a cashier's check which cost me $5. I mailed it and got my PM's about a week later. My price was locked so I wasn't worried about the shipping time.
