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HomeOff Topics › Paypal as a gift - Revisited
01-18-2010 07:04 AM  8 years agoPost 41
X-Gear LLC

rrApprentice

klamath falls, or

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all the seller has to do is factor in 3% and add it to the price, or take the 3% hit as the cost of receiving funds right away. How much money do you think that wal-mart has to pay every year in fees from cc transactions. Do you not think that the fees are added within the markup? For every cash sale, they get a 3% bonus on that transaction. A good friend of mine has a 4wd shop here, in 2008, he had over $40,000 in cc transaction fees alone. This was however covered in the markup. Instead of 25, 35, 45,----100% markups, it was 28,38,48, ----103%, this covered the cc fees.

We primarily accept paypal, the 3% is built into the pricing, our fees are covered by the buyer.

Vibe 50 (V Bar) Protos 500 (Vbar) Trex 700 (Vbar)

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01-18-2010 10:00 AM  8 years agoPost 42
Mike0251

rrVeteran

Hills of the Blue Ridge VA

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Just for the record as this horse is taking some kind of a beating, the two times that I attempted to pay as a gift and backed down from/added the fees, the persons paypal addy, yes it was RR members, were a buisness addy and PP wanted fees from me. Those were the only times, and the last for me.

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01-18-2010 10:07 AM  8 years agoPost 43
hootowl

rrProfessor

Garnet Valley, Pa.

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I just sent money as a gift to an RR member the other day. I did not get charged extra and he claims neither did he.

Wolves don't lose sleep over the opinions of sheep

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01-18-2010 01:50 PM  8 years agoPost 44
cub2000

rrVeteran

Massachusetts

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How much money do you think that wal-mart has to pay every year in fees from cc transactions.
Vendors like you and Walmart set a price and people pay. For us, we take the beating from the buyers who bargain to the bones, sometimes 1/3 of the original price, and another 3% will just make us more angry. Some buyers understand that and are willing to pay the 3%, then some don't.

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01-18-2010 05:49 PM  8 years agoPost 45
sandtrx

rrApprentice

Oregon

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Vendors like you and Walmart set a price and people pay. For us, we take the beating from the buyers who bargain to the bones, sometimes 1/3 of the original price, and another 3% will just make us more angry. Some buyers understand that and are willing to pay the 3%, then some don't.
You can say no, people in general are cheap. Set your price, how much you are willing to dicker and stick to your guns. the 3% fee should be hidden within the price that you are asking without making a mention of it. Anytime, that one mentions fee and puts a number by it, the general public freaks and thinks that they should not have to pay it because of the word "fee". Even the sellers that offer to pay the fee, have it covered in their price. If they do not, then its on them.

Build the fee into your price, do not mention the word "fee" set your lower limit without conveying it to the buyer, a simple yes or no is all you need to say when they make an offer, and sell your item. You got your money, the fee is covered, the buyer is happy and nobody got their panties in a wad over the word "fee". The buyer's purchase is protected and everybody is happy.

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01-18-2010 07:35 PM  8 years agoPost 46
CoronaL

rrKey Veteran

Winnebago IL

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+1
good idea

easiler overall that way. Sometimes someone lowballs you so bad on something I won't take the added cut in the fee etc... Then I'll pose it to them. Sometimes I don't worry about it, if the buyer is cool and hasn't jammed me on the price. Either way, interesting discussion

Randy!!! I am the liquor

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01-18-2010 08:20 PM  8 years agoPost 47
ken22golf

rrApprentice

Bridge City, TX

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I haven't read through this entire thread, but I'll post my opinions on this.

I've been selling a lot of stuff lately as I've swapped helicopters, and I typically list my stuff according to what they've been selling for previously on RR which is close to my rock-bottom price.

Anyway, everyone always offers like $5-10 less than my rock-bottom offer (including the shipping and PP fees), so I just tell them that if they send the money as a gift to cover the ~3.45% average PP fees, then I'll take it. At first, almost everyone did this, but lately most are paying the extra to cover the fees. It's always the buyers option.

It does make it a little more work for me though as I cannot just print out the label through paypal and I have to use my USPS account to print labels.

In order for there to be no fees, the buyer must send the money from his paypal balance or his checking account linked to paypal. If someone tries to send the money as a gift using a CC, they take the fees from the buyer rather than the seller.

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01-18-2010 09:26 PM  8 years agoPost 48
McLovin

rrNovice

FL

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Paypal has to know that people are using the gift payment plan for purchases.I believe Paypal has the extra fee for those that want the security of getting their funds returned if there should happen to be a dispute.Obviously,if there is a dispute over cash they will not be of any assistance.

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