We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
choosing payment options
cazs
Posts: 532 Forumite
what do most people go for?
(I only sell in the UK)
I used to specify Paypal only but from some of the things I read on here it is very low risk to accept cheques and postal orders if the item you sell is low value. Moreover, it would mean saving on the Paypal charge of 20p + 3.4% which is a large proportion if you only sell for 99p.
That said I was thinking of allowing all three options for payment.
So I was just wondering what other people's views were on this and what they do...
(I only sell in the UK)
I used to specify Paypal only but from some of the things I read on here it is very low risk to accept cheques and postal orders if the item you sell is low value. Moreover, it would mean saving on the Paypal charge of 20p + 3.4% which is a large proportion if you only sell for 99p.
That said I was thinking of allowing all three options for payment.
So I was just wondering what other people's views were on this and what they do...
0
Comments
-
To me PayPal is a godsend for both buying and selling despite its charges.
I live miles from the nearest bank so cheques would be a nuisance to pay in, and then you've got the hassle of sold items cluttering up your house until they clear.
Postal orders are pretty good but I like money to go straight into my account - once I get my hands on cash it mysteriously disappears!
All in all it's only cheques I'd rather not deal with."I'm ready for my close-up Mr. DeMille...."0 -
It depends on the auctions as some I have paypal only as I need a quick turnover.
However for my private selling account I offer paypal, cheques postal orders and bank transfers. Virtually everyone pays by paypal anyway, I've never had anyone pay by bank transfer. For sci fi stuff I get postal orders quite a bit as I tend to sell to young teenagers and usually expect to get no notice that they are sending a PO and just have one turn up in the post after about 10 days.I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.0 -
Open a paypal micropayments account. You save a lot in fees, Its well worth using for payments under £10. Its 5% and 5p which is about 10p on a 99p sale compared to normally about 24pwhat do most people go for?
it would mean saving on the Paypal charge of 20p + 3.4% which is a large proportion if you only sell for 99p.
.0 -
Wow.. thanks cyberbob never heard of that!!!
I learn something new everyday lol
0 -
what do most people go for?
(I only sell in the UK)
I used to specify Paypal only but from some of the things I read on here it is very low risk to accept cheques and postal orders if the item you sell is low value. Moreover, it would mean saving on the Paypal charge of 20p + 3.4% which is a large proportion if you only sell for 99p.
That said I was thinking of allowing all three options for payment.
So I was just wondering what other people's views were on this and what they do...
I offer cheques, POs, etc on low value items but unsurprisingly no one ever takes up the option.
Why would they? The buyer doesn't pay any fees for paying by paypal and can pay by a few clicks of a button and assume the item will be posted within a couple of days (my setting for dispatch time).
Compare with a cheque, they have to dig out their cheque book, find a pen that works, write the cheque, buy/pay for an envelope & stamp, then walk with the item to a post box.
A PO is even worse as they have to go to the Post Office and pay the premium a PO costs.
Then they know they have no buyer protection and in the case of cheques (or crossed POs) expect to wait well over a week before dispatch (dispatch time is stated based on receipt of cleared funds)"Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100 -
Open a paypal micropayments account. You save a lot in fees, Its well worth using for payments under £10. Its 5% and 5p which is about 10p on a 99p sale compared to normally about 24p
A pity it only seems available to those who live/trade from the US
Its 5% + $0.05 per transaction, not 5% and 5p.
The application form is pre-filled with United States for country."Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100 -
A pity it only seems available to those who live/trade from the US
Its 5% + $0.05 per transaction, not 5% and 5p.
The application form is pre-filled with United States for country.
It is available uk. As I have one as do a lot of other sellersPayPal offers support for Micropayments to merchants for US to US, GB to GB, AU to AU, and EU to EU transactions for Business and Premier accounts.
The way I did it was to convert one of my existing accounts by emailing [SIZE=+1] [URL="email:micropayments@paypal.com"]micropayments@paypal.com[/URL]
[/SIZE]I have had one for ages I must admit I think that Paypal don't want to tell people about it and make it more difficult than it needs be[SIZE=+1]
[/SIZE]0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards