#5635435 - 04/28/1207:48 AMRe: Hot off the press! New Rules on E-bay
[Re: coinman_23885]
Lehigh96Lehigh96
The Post-man always rings twice. Uhm... ring ring?
Registered: 03/28/08
Posts: 1884
Loc: The Poker Room
Originally Posted By: coinman_23885
Originally Posted By: Lehigh96
Originally Posted By: jimbucks
Seems to me that a company such as Heritage or Teletrade could capitalize on the upcoming Ebay policy change and create their own site similar to Ebay.
Heritage is already set up to compete with E-Bay via their Virtual Bourse Network. The problem is that their seller commission is 10% which is even higher than E-Bay's. Despite everyone's outrage at E-Bay's business practices, they will reign supreme as long as they are the cheapest venue with the most exposure.
If it includes the PayPal fees, then it is actually cheaper. The standard eBay fee is 9% + 2.9% PayPal or so = ~11.9%. Clearly there is some variation (power sellers, etc.), but the price isn't as high as it may seem.
You need to compare apples to apples. Currently, Heritage Virtual Bourse only supports BIN listings. The 9% E-Bay fee is for auction listings. For BIN listings it is tiered with the first $50 @ 11% and $50-$1,000 @ 6%. At $75 it is break even with Heritage @ 10% and any item more than $75 is cheaper than Heritage. Add in the top rated seller 20% discount and the price difference is substantial.
If you are selling trinket coins I guess it wouldn't matter but if you are selling coins worth $500, Heritage takes $50 while E-Bay only takes $26.50 from a top rated seller. Even if you add in Paypal fees it is only $41.30. Without a financial incentive to leave E-Bay, I will not do so!
With regards to Paypal, I assumed that many buyers would still want to use paypal as a payment method and that Heritage would not pay for it. I don't know though because I have never bought or sold anything using the Virtual Bourse.
#5635451 - 04/28/1208:06 AMRe: Hot off the press! New Rules on E-bay
[Re: Lehigh96]
coinman_23885coinman_23885
FACT if I stop posting, trillions and trillions of transistors would be out of work.
Registered: 11/13/10
Posts: 4876
Originally Posted By: Lehigh96
Originally Posted By: coinman_23885
Originally Posted By: Lehigh96
Originally Posted By: jimbucks
Seems to me that a company such as Heritage or Teletrade could capitalize on the upcoming Ebay policy change and create their own site similar to Ebay.
Heritage is already set up to compete with E-Bay via their Virtual Bourse Network. The problem is that their seller commission is 10% which is even higher than E-Bay's. Despite everyone's outrage at E-Bay's business practices, they will reign supreme as long as they are the cheapest venue with the most exposure.
If it includes the PayPal fees, then it is actually cheaper. The standard eBay fee is 9% + 2.9% PayPal or so = ~11.9%. Clearly there is some variation (power sellers, etc.), but the price isn't as high as it may seem.
You need to compare apples to apples. Currently, Heritage Virtual Bourse only supports BIN listings. The 9% E-Bay fee is for auction listings. For BIN listings it is tiered with the first $50 @ 11% and $50-$1,000 @ 6%. At $75 it is break even with Heritage @ 10% and any item more than $75 is cheaper than Heritage. Add in the top rated seller 20% discount and the price difference is substantial.
If you are selling trinket coins I guess it wouldn't matter but if you are selling coins worth $500, Heritage takes $50 while E-Bay only takes $26.50 from a top rated seller. Even if you add in Paypal fees it is only $41.30. Without a financial incentive to leave E-Bay, I will not do so!
With regards to Paypal, I assumed that many buyers would still want to use paypal as a payment method and that Heritage would not pay for it. I don't know though because I have never bought or sold anything using the Virtual Bourse.
EBay must have changed their pricing since I last checked.
_________________________
-Kenny
Areas of Interest: Original classic gold coins from the Southern mints (New Orleans, Charlotte, and Dahlonega); Carson City minted Morgan Dollars, early copper; high end, quality U.S. type coinage; proof like and deep mirror prooflike coinage; toners including Peace Dollars and classic gold; and cameo and deep/ultra cameo proof coins from 1936-1942.
Registered: 01/28/02
Posts: 5681
Loc: Western Washington
Why pay 3% fees on a device that is only unsaleble mainly on Ebay and also not for the purchase of any shooting or firearms related hardware. I do not know how, in America, PayPal can enforce this policy of discrimination against an entire venue of legal devices just because they want to Californicate every one's views to their own!
There have been many discussions about the weakness of PayPal and its arbitrary practices to say nothing about the anti competitive, unamerican free commerce hurdles and devices that it employs.
#5635830 - 04/28/1212:09 PMRe: Hot off the press! New Rules on E-bay
[Re: Oldtrader3]
Lehigh96Lehigh96
The Post-man always rings twice. Uhm... ring ring?
Registered: 03/28/08
Posts: 1884
Loc: The Poker Room
Originally Posted By: Oldtrader3
Why pay 3% fees on a device that is only unseable manily on Ebay and also not for the purchase of any shooting or firearms related hardware. I do not know how, in America, PayPal can enforce this policy of discriminationa against an entire venue of legal devices just because they want to Californicate everyone's veiws to their own!
There have been many discussions about the weaknesse of PayPal and its arbitrary practices to say nothing about the anticompetitive, unamerican free commerce hurdles and devices that it employs.
Why accept Paypal, because customers like it. Plain & simple!
Registered: 01/28/02
Posts: 5681
Loc: Western Washington
Paul, I believe that people have grudgingly accepted PayPal as a device that has been foisted on people as required to use Ebay. This after protesting to no avail and being ignored.
BTW, please excuse my typos and all. I have been recovering from facial nerve ablation (dead trigeminal nerve) and staph pneumonia from which I wake up drowning in yuck at 4:00 AM each morning with a daily migraine from the nerve issues and oxygen starvation. Not being able to breathe affects my motor skills at 5AM and I am not awake enough to use spellcheck. Anyhow, I apologize for the eyesore postings and will try to do better.
That having been said, aren't there enough financial instruments out there already that Ebay does not have to grab every cent of money that is not purely transactional, in order to line their pockets and make it sound as though they have some legal standing to do so? If i decide to use my CC for a purchase, there now are two transactions fees, double what I would have to pay any other venue because of PayPal.
