PayPal fees going up...

They can but there is a cost. And they do want max revenue (so finding an optimal balance between small and large transactions makes sense).

 

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Many of the folks I need to pay don't use paypal any longer. I'm good with that.

 

It's because they can. There's no world where they're paying 49 cents a transaction for computers to run it, or even 30 or even 20 or even 10. This isn't 1990 anymore.

There's no business cost deferral to justify it. It's just because they can and as long as people ignore it or there's no other option it will work and increase their revenue.

 

I've been thinking about going to Venmo. Any feedback on them?

 

They are owned by PayPal. Some people use it and like it; I can't comment much as I've never used it.

 

Don't sellers pay all the fees on Paypal? So if that's the case then I don't see why buyers would care if they go up. And on eBay sellers use managed payments now so it wouldn't seem to affect them either.

 

I was posting this more from a selling perspective but buyers will be affected too. The extra fees will get passed along to the buyer as sellers raise prices. Also, I could see eBay increasing their managed payment fee since many buyers are still using PayPay to pay (and I doubt eBay will just eat the extra fee).

 

Fees will get built into the price. No fee is free just like free shipping isnt free

 

The American way...

 

i/m having big trouble with paypal double dipping on e bay

 

I sold a few coins on Ebay early this year then paypal tried to freeze the money(keep it) until I showed proof were it came from(prior ebay purchase) took a month to get them to unfreeze and they did try scare tactics . Not canceling but never using again and removed credit card info and linked bank.
I only used PayPal for Ebay because everyone at one time was forced to.

Most coin dealers I have found recently are more then happy to take a bank wire or check.

 

I get what you're saying but the comments from some other people seemed to imply that the buyer was going to be paying more. I'm a seller on eBay so I know how it all works. If I'm charged more I'll have to pass that on since the margins are small.

 

I've never heard of them asking for proof of where the item came from and it seems absurd. They must have had a reason to suspect it could be stolen/illicit?

 

I have been selling on ebay since 1998 and when Paypal was founded by eBay sellers were eventually forced to use them. Now that eBay has implemented managed payments I rarely use Paypal, and I see no reason for a fee increase.
Remember the fee is based on the value of the transaction. I think losing eBay sales revenue put a big hurt on them and they are scrambling to try and recover their profits.

Just another way for them to squeeze money from sellers. I gladly accept checks, money orders and good old fashion CASH as payment for eBay sales. I primarily use Paypal these days to send money to my family and friends.

 

Support your LCS and pay with cash.

 

Plus I’ve heard as a seller you have to eat the fees on returns now.

 

LCS will take Debit cards. No fees. Credit card fees are almost 4 per cent.

 

True, but "free" shipping is a HUGE marketing thing with buyers...many will pay more for for an equal item with "free shipping"...even when total cost is more.

 

On the other hand, combined shipping is a great way to sell multiple things. Selling something like coins it makes sense since people often want multiple coins from the same seller, and if they're on the fence they know they're getting a discount.