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Ebay earnings

Miffi_2
Miffi_2 Posts: 194 Forumite
in Debt-free wannabe
What is the sensible thing to do with my ebay earnings - should I leave them there (only have about £20 in my paypal pot at the moment) and let them grow to a certain amount - assuming I have things to sell and can sell them.

Or should I take it out as I get it?

What do you do?
«1

Comments

  • wigginsmum
    wigginsmum Posts: 4,150 Forumite
    I always transferred out when it got to the £50 mark so I wouldn't have to pay a transfer fee; better the interest earned goes to my account than to Paypal.
    The ability of skinny old ladies to carry huge loads is phenomenal. An ant can carry one hundred times its own weight, but there is no known limit to the lifting power of the average tiny eighty-year-old Spanish peasant grandmother.
  • mom23
    mom23 Posts: 746 Forumite
    Hi miffi i do the same as wigginsmum always transfer when i get to 50.00 i then put it in my online saver.
  • sinizterguy
    sinizterguy Posts: 1,178 Forumite
    Take it out as soon as you can transfer it out for free.

    Wouldnt trust paypal for long with my money.
  • carlih1
    carlih1 Posts: 846 Forumite
    Hi

    i used to do the same and not get charged for taking it out!

    Wish i was doing it at the moment but feel really down and have so much stuff to sell dont know where to start ... motivation needed i think...

    Carli
  • mintymoneysaver
    mintymoneysaver Posts: 3,527 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Home Insurance Hacker!
    I've let mine build up to £100 and then taken it out, I hope I can make another hundred and do the same!
  • AMILLIONDOLLARS
    AMILLIONDOLLARS Posts: 2,299 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    As soon as I hit £50 I transfer out!!!
    Debt Free!!!
  • black-saturn
    black-saturn Posts: 13,935 Forumite
    10,000 Posts Combo Breaker
    I put my things on ebay in batches of about 15. I wait for the whole 15 to pay up and then withdraw the paypal money. Only if it's over £50 though.
    2008 Comping Challenge
    Won so far - £3010 Needed - £230
    Debt free since Oct 2004
  • **purpleprincess**
    **purpleprincess** Posts: 3,533 Forumite
    Part of the Furniture Combo Breaker
    Wait until it gets up to at least £50, you won't get charged for taking it out then :j
    Official DFW Nerd no. 082! :cool:
    Debt @ 01/01/2014 £16,956 Debt now: £0.00 :j
    Aims:[STRIKE] clear debt, get married, buy a house[/STRIKE] :D ALL DONE!!
  • Snowpixie_2
    Snowpixie_2 Posts: 39 Forumite
    Ditto black-saturn.
    I only sell on batches and as soon as I have £50 I transfer over to a seperate account that is for ebay only. I use this account to pay for the postage too so I am never left short if I've forgot to post something!
    Mind you, paypal is annoying - which limbo land does our money go to in the 5 days it takes to go into my bank?!!! :wall:
  • scottishspendaholic
    scottishspendaholic Posts: 1,171 Forumite
    Snowpixie wrote:
    Mind you, paypal is annoying - which limbo land does our money go to in the 5 days it takes to go into my bank?!!! :wall:

    My last transfer took seven days (five working days!) :mad:

    I was climbing the walls for the money as I'd paid out so much in heavy postage costs!

    scottishspendaholic x
    MBNA = £4,000 / Next = £925 (approx. tbc on 19/8)
    Tesco = £2,910.11 / Smile overdraft = £500
    Bank of Scotland = £2,782.83
This discussion has been closed.
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