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Avoiding paypal fees - please help!

discofuel
discofuel Posts: 11 Forumite
in Ebay, auctions, car boot sales, post & parcels
Hi,

I've just sold an item on eBay for £2,500 and I was hoping for cash on collection but the buyer wants to pay by paypal but this is going to cost almost £80.

I've got a premier account I read somewhere that if I downgrade to a personal account I won't have to pay fees to receive funds - is this correct?

If I downgrade will the buyer still be eligible for paypal buyer protection and be able to use ebay checkout and 'pay now' option as normal?

Thanks
«1

Comments

  • pinkshoes
    pinkshoes Posts: 20,212 Forumite
    First Post First Anniversary Photogenic Name Dropper
    If the guy is paying with Paypal, then DO NOT let him collect the item!!

    If he uses PP, then you MUST send the item via trackable method.
    Should've = Should HAVE (not 'of')
    Would've = Would HAVE (not 'of')

    No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)
  • soolin
    soolin Posts: 72,833 Ambassador
    First Post Name Dropper Photogenic Second Anniversary
    Downgrading won't help , you'll pay fees regardless.
    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.
  • Hintza
    Hintza Posts: 19,420 Forumite
    Combo Breaker First Post
    £80 is that all...;)

    Offer him a discount for cash, but carries it's own risks.
  • PinheadSK
    PinheadSK Posts: 230 Forumite
    What have you sold? It will make a difference to the advice you'll be offered...

    Sean
    My wife is a DFW... I guess that means I'm along for the ride! :j
    Taking part in the 2011 £365 (plus shrapnel) in 365 days challenge - total to date = £824 plus some shrapnel!
  • MarieAAP
    MarieAAP Posts: 278 Forumite
    The other way is a building society cheque - Nationwide's has no charge.

    I did this for buying my car, and the seller was happy with this.

    M
  • Enterprise_1701C
    Enterprise_1701C Posts: 23,410 Forumite
    Mortgage-free Glee! First Anniversary First Post Photogenic
    The reason why you must not let someone pay by Paypal and then collect is that some unsrupulous people pay by Paypal, collect, then file an item not received dispute which Paypal allows as you have no proof you sent the item, no tracking number, and even a signed receipt will not mollify them!!
    What is this life if, full of care, we have no time to stand and stare
  • kalaika
    kalaika Posts: 716 Forumite
    pinkshoes wrote: »
    ...If he uses PP, then you MUST send the item via trackable method.

    ...and when you post it, make sure you have enough insurance on it so if it goes missing you can claim from your courier! :)
    No trees were killed to send this message, but a large number of electrons were terribly inconvenienced. - Neil deGrasse Tyson (@neiltyson)
  • discofuel
    discofuel Posts: 11 Forumite
    I'm sending it insured via a courier. Otherwise I would definitely only require cash on collection.

    As it turns out he's happy to do a bank transfer - is there any risk to me?
  • Mozette
    Mozette Posts: 2,247 Forumite
    discofuel wrote: »
    I'm sending it insured via a courier. Otherwise I would definitely only require cash on collection.

    As it turns out he's happy to do a bank transfer - is there any risk to me?

    Snatch his hand off!
  • appleblossom
    appleblossom Posts: 1,946 Forumite
    No risks with a bank transfer afaik, there are no fees involved and he can't do anything with your account as you are only providing details that could be found on your cheque book.
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