if sum1 sells sumthing for 1p....

Blueboy479

Hiya... if sum1 lists a buy it now item for 1p with free P & P, Does ebay and paypal still charge fees?? If Yes How much ???

Contains_Mild_Peril

Paypal fees (assuming the seller has a Premiere or Business account, i.e. one which can accept card-funded payments) would be 20p (+4%, which I assume in the example above would be rounded down to 0, and so there would effectively be no percentage charge). EBay listing fees apply as normal, even if an item fails to sell, but since the Final Value Fees are charged as percentages, I assume that this would also be rounded down to 0.

carrie483

isn't there a fee for using buy it now?

monkeyspanner

I think there is a minimum start value of £0.99 for BIN items. Basic listing fee is 15p which includes a photo but if you want gallery there is an additional fee of 15p.(this thursday you can get gallery for 1p) Starting values of £5 and £15 attract increased listing values.

purple-smartie

So how do these sellers that sell thousands of ebooks for 1p make any profit?

very_skint

purple-smartie wrote:

So how do these sellers that sell thousands of ebooks for 1p make any profit?

I dont think they can. It must just be a way of getting loads of feedbacks to make them look more trustworthy in the future. (my opinion only).

Contains_Mild_Peril

very_skint wrote:

I dont think they can. It must just be a way of getting loads of feedbacks to make them look more trustworthy in the future. (my opinion only).

I suspect that's the usual reason. It's also possible that some "e-books" include advertising for other products.
I'd be extremely unlikely to trust any seller whose feedback was almost entirely from sales of very cheap e-books.

sedso

I bought one of these 1p items, it was actually a picture just to see what it was all about, after I had paid my 1p via paypal I asked him why he was doing it, he said that if he sold about 100+ per auction he would make profit, no real effort to relist and if you have a shop, fees are lower and you can list for upto 31 days so I guess profit can be made out of nothing

S

hjb123

Blueboy479 wrote:

Hiya... if sum1 lists a buy it now item for 1p with free P & P, Does ebay and paypal still charge fees?? If Yes How much ???

If that were to happen whats the point in the buyer paying the seller may aswell just give the item to the seller and not bother collecting payment!!

tigermatt

PayPal fee would probably be £0.20 or £0.21 depending on whether the 3.4% of £0.01p is rounded from £0.00034 to £0.01 or to £0.00 (probably £0.01 because PayPal still get money then :rolleyes:) You then have to add on £0.20 which i standard and always happens to stop buyers putting tiny transactions through and Payal getting a very small profit.

soolin

tigermatt wrote:

PayPal fee would probably be £0.20 or £0.21 depending on whether the 3.4% of £0.01p is rounded from £0.00034 to £0.01 or to £0.00 (probably £0.01 because PayPal still get money then :rolleyes:) You then have to add on £0.20 which i standard and always happens to stop buyers putting tiny transactions through and Payal getting a very small profit.

Paypal cannot take more than the amount received, so a payment made of 1p can only cost 1p to receive maximum.

Soo