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<p>[QUOTE=&quot;tradernick, post: 35112, member: 648&quot;]I bought some gold eagles today and sold them for a $10 profit per coin.&nbsp; Paypals cut on a $435 coin would have been almost $13.00.&nbsp; </p><p>There&#039;s lots of $300+ coins that I buy/sell regularly and make $15-$25 per coin.&nbsp; Ebay/paypal is not the place to do business with those types of margins.&nbsp; Bags of 90% silver are often traded with $100 or so profit...care to figure the total ebay/paypal fees on $4500?</p><p><br /></p><p>I haven&#039;t accepted paypal in over a year and I&#039;ve been delighted.&nbsp; 99% of all problem auctions were paypal transactions.&nbsp; MANY buyers chargeback small amounts and hope that the dealer is too busy to pursue small things.&nbsp; Some buyers threaten chargeback if the dealer doesn&#039;t provide a partial refund, saying the coin isn&#039;t as nice as they hoped, has an extra scratch or ding, etc, rather than just returning the coin.&nbsp; Note that with ebay customers, some people use the negative feedback threat similiarly, which has prompted many dealers to post feedback only in reciprocation.</p><p><br /></p><p>No, paypal has no place in my world.&nbsp; Read the websites paypalwarning.com and paypalsucks.com...actually I think they&#039;re the same site.&nbsp; Read the paypal discussion board on ebay...it&#039;s filled with stories of frozen accounts, seized monies, honest merchants losing the item AND the payment to dishonest buyers.&nbsp; And an equal amount of stories of buyers getting stung by sellers who collect the funds and disappear.&nbsp; And yes I fully realize that many such stories are often untrue, but consider this.&nbsp; Even is only 1% of the thousands of horror stories are true...are you comfortable trusting your checking account and/or credit card to paypal?&nbsp; I am not.</p><p><br /></p><p>Nick[/QUOTE]</p><p><br /></p>

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