Ebay - selling euros, left over holiday money??

luckymoneysaver

Hi

I am looking to get rid of my left over euros from holiday and have about £100. i have been looking at various options including ebay and noticed that people are paying above the exchange rate for them.

e.g. there is €200 going for £197...when it should be about £175. i imagine it is more convenient for some people, and i dont mind selling becuase the money will be in my paypal and i dont have to transfer etc etc.

So...is there any advice so i do not get scammed?
I have sold a few things on there and know that i should send special delivery so it can be tracked and i am covered...but what about the buyer saying that there was €10 missing or something like that?

Is it a good idea??
Thanks in advance :beer:

fridayschild_2

I didn't think you were allowed to even sell money on ebay. I thought I remember reading a while back that you couldn't even sell those fake notes with Delboy Trotters head on etc.

Re people bidding more than the rate, I think that's something to do with money laundering, the same way that you get people bidding over the top for shop vouchers etc.

I'm sure that someone will come along in a minute with all the correct details but t.b.h. I wouldn't do it.

cyberbob

Why don't you just spend them a lot of shops will accept them. M&S spring to mind. Either that or find the cheapest high street exchange rate. As by the time you pay FVF and paypal fees even if you get a good price ebay will be the most expensive option

jumbojuice

yeah i dont think ebay allow you to sell cash.. plus dodgy sending this too - in order to make sure its covered, youll have to pay for recorded or special and this probably wont be worth it.

Rolandtheroadie

If you get £197, less ebay fees and listing fees you'd be down to around £177 anyway. Less paypal and postage (if you took paypal and posted) would mean you'd be better cashing them in or spending them.

frivolous_fay

I don't know of any specific rule banning sales of currency on ebay.
There is a banknotes and a coins category.

*LoopyLaura*

IIRC you're not covered for posting cash in the post so posting may be a problem?

OrkneyStar

frivolous_fay wrote: »

I don't know of any specific rule banning sales of currency on ebay.
There is a banknotes and a coins category.

I always think of special edition, collectors coins, old notes etc. when I see that category, but could be wrong.

Hintza

This is just fraught with potential problems in my view.