Just and FYI. I completed my own "experiment" with this Ebay "feature". I listed a trio of NYC Transit tokens including variations 1 4 days ago. I listed them just a hair cheaper than any for sale on Ebay. I offered 91%if they sold it as a sponsored item. Roughly I would not only have given up my sales total, final value fees but would owe them an additional $9.35 over and above. Never saw my sponsorship appear anywhere searching anything and in 14 days not one (1) single additional view much less a sale. Did it again with a (used to be popular) PCGS Kenn 1/2 silver PF69DCAM for a little over spot silver price at 99% cut if they sold it. Exact same results. If anyone was around 12 years ago, Ebay/Paypal lost a class action of using unscrupulous sales tactics and forcing sellers to use Paypal or leave. The statute of limitations ran out Jan. 2020. Anyone selling there received notice that all of this will be coming back including only payments thru Paypal will be accepted, no more using 3rd party merchant accts to take credit cards or payments made with money orders of via direct wire transfers. In conclusion, BEWARE OF THESE SCOUNDRELS! The generation of misfits now calling the shots in San Jose have figured how much revenue they can create for themselves in the time it will take the Justice Dept. to bring a class on them again. Sell you wares at Coin Shows, Gun Shows, Artifact shows but anywhere but Scum-bay.....When I saw a 1971-S 10c PCGS PF69DCAM sold last week for $1.20 free shipping, I made my decision to do anything in my power to trash Ebay and TPS for letting this fake supply and demand driving the graded coin market happen
https://www.ebayinc.com/stories/news/ebay-to-intermediate-payments-on-its-marketplace-platform/ eBay is moving away from PayPal.
i BEG YOUR PARDON. yOU MUST NOT SELL ON eBAY MUCH LESS iNTERNATIONALLY. tHE STORY YOU PASSED ALONG IS FROM 2018. mANY NUANCES OF THAT ANNOUNCEMENT HAVE CHANGED DRASTICALLY. i SUGGEST IF YOU ARE GOING TO PROMOTE eBAY'S' TACTICS YOU GET INFORMED TO THE CURRENT FACTS.
I'd welcome such information. Can you provide any links? I did spend a little time searching, and didn't come up with anything substantially new or different.
Perhaps you missed this small snippet in that story "Additionally, eBay and PayPal have aligned on terms to offer PayPal as a way to pay at checkout on the eBay intermediated model until July 2023. PayPal will remain an important partner to eBay." If you were to study the following phase of their supposed transition, and what it REALLY MEANS to sellers. you will gain more insight to my claims in my initial comments.... To enable payments in their eBay accounts, sellers should expect to provide eBay with some additional payments-related data and transition to a new relationship with eBay that includes integrated payments capabilities. Sellers will be required to complete these steps in order to continue selling on eBay, and it is anticipated that this transition for sellers will occur no later than one year after the expiration of eBay’s Operating Agreement with PayPal, i.e., by July 2021. As eBay gets closer to the initial phase of its intermediation efforts, it will share more details about this process and next steps for its sellers. Timeline The rollout of managed payments to all eBay sellers will be a multi-year journey and is currently available on a limited, invitation-only basis. By 2021, we expect to transition a majority of our sellers to managed payments. As we make this transition, eBay will work closely with sellers to ensure that the managed payments experience reflects your needs. We’ll continue to share more details about this process and next steps for sellers as we move forward. Stay up to date on managed payments here on the Seller Center, connect with your Community, or contact us for questions and feedback at (800) 456-3229.
https://www.ecommercebytes.com/C/letters/blog.pl?/pl/2017/11/1511924366.html I apologize @jeffB but there is no more current information than you supllied about my concerns with Ebay policy and plans on the net. You will only find them deep within the Ebay confusion files and then cannot copy and share them. Again as it stands your links seems to be the gospel as it were. Thanks for your help. L
To be honest, I would be very suspect of someone offering sponsoring fees in the 90%, especially 99%. So I can't find fault with eBay or their members for that. I get the feeling that you had one or more incidences on eBay that has led to this problem for you. I do not think any dealings with coins buy/or sell would be more favorable or easier in a gun show, antique , or swap meet. Ebay has some faults, but in my opinion they are still the go-to for more coin people dealing in the lower grades or value. I do buy in coin shops where I can see and hold the coin or at coin shows. Welcome, Jim
-jeffB please Thanks for the welcome. I just don't seem to find other venues that PCGS graded coins (I'm not quite sure a grade of PF69DCAM would be considered a low-grade coin but oh well) are selling at such remarkably low prices. If that is the norm why are submissions of proof coins to TPG at historic highs? just wondering
Buyers can't see what percentage is being offered to eBay for the promoted listing, all they can see at best is that it's sponsored or promoted or whatever
I'm trying to run down the $1.20 PF69DCAM 1971 dime you saw, but the only two completed listings I see on eBay at that grade went for about $125 each. I see a number of PF69 CAM examples that went for under $10, but I'm guessing that's because there simply isn't much demand for them. I do see coins go for absurdly low prices from time to time. I think that's most often because the seller tries to list them with an opening bid at that price, but accidentally sets it up as a Buy It Now at that price. Naturally, someone pounces on such a listing almost instantly. On very rare occasions a seller will honor the bid, but if it's (say) a 1916-D dime for 99 cents, the buyer will generally get a refund and nothing else. The "Sold Items" search on eBay doesn't weed out sales that were canceled, though, so those bogus listings do show up in the results.
@-jeffB sorry for the typo it was a 1974-S and was not free ship but $3 https://www.ebay.com/itm/1974-S-Pro...472488?hash=item3b3c85ce28:g:ytEAAOSwsFZdyd-Y
@-jeffB seems like this guy sells all of his coins cheap https://www.ebay.com/sch/commoncent...lete=1&LH_Sold=1&rt=nc&_trksid=p2046732.m1684
People on this site love to bash eBay. It's not perfect but it's the best way to sell a lot of different types of coins. I probably make a few thousand dollars a year selling on eBay and it's basically passive income - you list it and don't have to do anything until an order comes in. And for a buyer, you can browse and order while you're watching TV or sitting on the train. The simple answer to avoid being ripped off as a seller is don't list your coins for less than you're willing to accept for them. As for fees, you need to factor those in as well as a seller. You know what they'll be; it's no secret. I've used the promoted listings feature and I do sell a lot of coins that are promoted, but what I can't tell is if they sold because they were promoted or if it's a coincidence. That's why I don't use it more. But if it's a coin that has been sitting around for months and months unsold I figure might as well try it. Again, promoting it at a small enough percentage that I can afford to take the hit.
