PayPal has many pluses, however one of them is not the hold on funds. Paypal is structured to protect the buyer, not the seller. The seller is best to absorb the fee by burying it in the price from the outset of the offering and not doing an add on. So, a seller is best protected by check and money order payments, assuming you place a 21 day hold on any shipment. Yes, even United States Postal Orders can bounce. Finally, pick up for cash is must for any turntable, otherwise you are never going to find a 'packing expert'.
Paypal
Okay, I've been out of the selling game for a number of years, so maybe I'm just not informed. However, I thought that paypal only charges 3% if a credit or debit card is used? If checking is used there are no transaction fees I thought. So why does EVERYONE on this site and Audio Asylum ask for extra money when using Paypal? This seems rather disingenuous to me. If you want to cover paypal charges then make if for when Paypal actually charges you, if you want to make a few extra bucks then raise your price. It just irks me. What am I missing? Are there charges I don't know about?
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- 46 posts total
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- 46 posts total