Paypal 'new' pricing makes any transaction sub £5 really expensive!!!

[aeonf242]

I've just noticed that 'new' pricing on Paypal makes any transaction sub £5 really expensive!!!

I've just sold a record for a total price of £1.24, less e-bay listing fee 15p, less Paypal fee 24p and less postage 60p......that's just 24p to pay the final value fee!

I just hadn't really noticed thsi as I don't normally sell low price items....

Just thought I'd point it out!

(Paypal takes between 1.9%-3.4% +£0.20 unit cost)

This is like paying £1.50 to withdraw £10 from one of those cash machines

[XA04]

oh well, theres alot of bad stuff about paypal, but there is also alot of good stuff, its still a good service..

[Grm]

This is like paying £1.50 to withdraw £10 from one of those cash machines

£1.75 at my local one-stop shop

[ajbrun]

Why is it 1.9%-3.4%?

Why the range?

[eek]

Range is based on turnover. the more you process the lower it gets.

Its near enough the same as uk merchant rates nowadays. Not surprising when you realise that that is near enough 99% of how the money arrives.

[Swafe]

Dont you need to get about 10 grand in a month to qualify for 1.9% rates? I get quite a lot coming thru paypal sometimes, and its all at 3.4%

[Big RICHARD]

Simple answer. Don't use paypal.

[Twigman]

Just tryed logging in...

You have requested an outdated version of PayPal. This error is often the result of using bookmarks. To enter the PayPal website, please click on Welcome.
If you are already logged in, please click on My Account to continue.

What? I typed www.paypal.com into the address bar and logged in from there...
Retards.

[Kumagoro]

So if we dont use paypal what else can be used which is similar?
give me the pros and cons of them.

[Swafe]

Well, theres old Nochex - cheaper than paypal (just), but hardly anyone in comparison uses it - You think about it, theres god knows how many people using ebay, and ebay make out paypal is the best, I dont think it is tho.

Natwest fastpay - a bit like nochex, from Natwest, even cheaper, but again, even less people use it, so its hard to do a trasnfer over it unless you both use it.

Then theres cheques? I hope you know what they are

I prefer good old school bank transfer, free, quick, and easy, just people who are new to the forum world, or who have been brought up on ebay dont like it.....its a trust thing, as paypal (supposedly) will help out with any disputes and make sure no one gets ripped off. Whereas bank transfer relys purely on trust, someone could just get you to bank them some money and leg it....thats its downfall

But on forums like these 99% (And I mean 99%) Are completely trustworthy so I have no problems in doing it, i must have bought and sold 100+ items on this forum, only one with a hitch.....

[Kumagoro]

So its time to start using natwest then.

[Swafe]

It could be, but the problem is, not enuff people use their service, and knowing the way things go, when you get enough people to make it viable to use, theyll hike the prices making it no different from paypal

[Big RICHARD]

I prefer good old school bank transfer, free, quick, and easy, just people who are new to the forum world, or who have been brought up on ebay dont like it.....its a trust thing, as paypal (supposedly) will help out with any disputes and make sure no one gets ripped off. Whereas bank transfer relys purely on trust, someone could just get you to bank them some money and leg it....thats its downfall

But on forums like these 99% (And I mean 99%) Are completely trustworthy so I have no problems in doing it, i must have bought and sold 100+ items on this forum, only one with a hitch.....

Then you have their bank details which you can give to the police......

[Pete the Painter]

Is it safe to give someone your bank details?
Eg I sell something for £200 and I want them to pay directly into my bank. You have to give them your name, account number, sort code. Is that safe?
Then when you post the goods you may have a return to sender address label on, just incase it doesn't reach the sender. Then, if the buyer is untrustworthy he has your name, addresss and bank details. After all the adverts on TV about identity theft, is this really the way to trade?
I know the vast majority of people on this forum are honest peeps but it only takes 1.
Am I correct in thinking maybe giving someone your bank details for them to pay you some money is a good idea?

[Swafe]

Nah I dont think they can do anything like that, sure they have your bank details and address, but they dont have your card nmber - which is where the money will come from.

And if your linking identity theft to dishing out your address on a letter, then anyone whos in the telephone book can have their identity stolen ?

To open a bank account, you need 2 or 3 bills, which have your named and address printed on them, and sometimes photoproof, such as a passport to vefity it

[jon bda]

i must have bought and sold 100+ items on this forum, only one with a hitch.....

Remind me again, where is he?.