Paypal Question

tryrrthg
tryrrthg Posts: 1,896
edited March 2024 in Clubhouse Archives
I've used paypal to make a payment before but have never used it to receive payment. Do they charge you 3% to receive payment? I've seen audiogon ads that say to add 3% for paypal.

Just wondering...

Thanks!
Sony KDL-40V2500 HDTV, Rotel RSX-1067 Receiver, Sony BDP-S550 Blu-ray, Slim Devices Squeezebox, Polk RTi6, CSi3 & R15, DIY sub with Atlas 15
Post edited by RyanC_Masimo on
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  • F1nut
    F1nut Posts: 50,734
    edited January 2005
    Only if you have a Premium account or receive payment via credit card which requires a Premium account. Payments via checking account to a standard PayPal account are not charged a fee.
    Political Correctness'.........defined

    "A doctrine fostered by a delusional, illogical minority and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a t-u-r-d by the clean end."

    President of Club Polk

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  • tryrrthg
    tryrrthg Posts: 1,896
    edited January 2005
    Cool! Thank you kind sir!
    Sony KDL-40V2500 HDTV, Rotel RSX-1067 Receiver, Sony BDP-S550 Blu-ray, Slim Devices Squeezebox, Polk RTi6, CSi3 & R15, DIY sub with Atlas 15
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  • faster100
    faster100 Posts: 6,124
    edited January 2005
    FWIW : The charge is .30 cents + 2.9% is the actual charge... if you were to get charged...
    MY HT RIG:
    Sherwood p-965
    Sherwood sd871 dvd
    Rotel 1075 amp x5
    LSI15 mains
    LsiC center
    LSIfx surround backs
    Lsi7 side surrounds
    SVS pb12/plus2

    2 Channel Rig:

    nad 1020 Pre-amp
    Rotel 1080 stereo amp
    Polk sda 2B
    kenwood grunt Tuner
    realistic lab 450 TT
    Signal cable IC
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  • dragon1952
    dragon1952 Posts: 4,907
    edited January 2005
    Plus an additional 1% for a cross border transaction from Canada I just found out. I'm not sure if other cross border transactions are 1% or more than that. What sucks is that with a Premium account you get dinged the 3% even for payments via bank account whereas, as stated above, you don't for a Standard account. Once you go Premium you get dinged no matter what the payment method.
    2 channel - Willsenton R8 tube integrated, Holo Audio Spring 3 KTE DAC, audio optimized NUC7i5, Windows 10 Pro/JRiver MC29/Fidelizer Plus 8.7 w/LPS and external SSD drive, PS Audio PerfectWave P3 regenerator, KEF R3 speakers, Rythmik F12SE subwoofer, Audioquest Diamond USB cable, Gabriel Gold IC's, Morrow Audio SP5 speaker cables. Computer - Windows 10/JRiver, Schiit Magni 3+/Modi 3+, Fostex PMO.4n monitors, Sennheiser HD600 headphones
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  • tryrrthg
    tryrrthg Posts: 1,896
    edited January 2005
    Thanks for the info guys!

    I don't use it much so I'll be sticking with the standard account.
    Sony KDL-40V2500 HDTV, Rotel RSX-1067 Receiver, Sony BDP-S550 Blu-ray, Slim Devices Squeezebox, Polk RTi6, CSi3 & R15, DIY sub with Atlas 15
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  • McLoki
    McLoki Posts: 5,231
    edited January 2005
    Originally posted by F1nut
    Only if you have a Premium account or receive payment via credit card which requires a Premium account. Payments via checking account to a standard PayPal account are not charged a fee.

    Not sure where I stand in this, but when I purchased my sub from Mazeroth I paid directly from my checking account to his paypal account and he was charged the 3% fee. Not sure why.......

    Michael
    Mains.............Polk LSi15 (Cherry)
    Center............Polk LSiC (Crossover upgraded)
    Surrounds.......Polk LSi7 (Gloss Black - wood sides removed and crossovers upgraded)
    Subwoofers.....SVS 25-31 CS+ and PC+ (both 20hz tune)
    Pre\Pro...........NAD T163 (Modded with LM4562 opamps)
    Amplifier.........Cinepro 3k6 (6-channel, 500wpc@4ohms)
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  • polksda
    polksda Posts: 716
    edited January 2005
    In my experience, you get hit with the $0.30 + 2.9%, regardless of the source of the funds (PayPal balance, credit card, checking account, savings account, E-Check).

    The downside of just having a personal account is that there is a lifetime receiving limit, after which they force you to upgrade. Plus, I don't think you can accept credit card payments with a personal account.

    Just a cost of doing business...
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  • F1nut
    F1nut Posts: 50,734
    edited January 2005
    Michael, he must have a Premium account. PayPal will try to upgrade you to a Premium account like it's some kind of reward, IT'S NOT, don't accept it.
    Political Correctness'.........defined

    "A doctrine fostered by a delusional, illogical minority and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a t-u-r-d by the clean end."

    President of Club Polk

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  • dragon1952
    dragon1952 Posts: 4,907
    edited January 2005
    Exactly! As stated above several times, if you have a Premium account you get dinged the 3% for ANY transaction.....credit card, checking account even from someone else's PayPal balance. It sucks but if you sell alot of stuff, especially higher value items, you increase your bidder potential bigtime. You just get dinged to death!
    2 channel - Willsenton R8 tube integrated, Holo Audio Spring 3 KTE DAC, audio optimized NUC7i5, Windows 10 Pro/JRiver MC29/Fidelizer Plus 8.7 w/LPS and external SSD drive, PS Audio PerfectWave P3 regenerator, KEF R3 speakers, Rythmik F12SE subwoofer, Audioquest Diamond USB cable, Gabriel Gold IC's, Morrow Audio SP5 speaker cables. Computer - Windows 10/JRiver, Schiit Magni 3+/Modi 3+, Fostex PMO.4n monitors, Sennheiser HD600 headphones
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  • tryrrthg
    tryrrthg Posts: 1,896
    edited January 2005
    I received payment from the buyer and it doesn't seem to be charging me any fees. However when I click on limits it says I only have a $500 monthly receiving limit. I received more than $500, so how do I know if I got charged any fees?
    Sony KDL-40V2500 HDTV, Rotel RSX-1067 Receiver, Sony BDP-S550 Blu-ray, Slim Devices Squeezebox, Polk RTi6, CSi3 & R15, DIY sub with Atlas 15
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  • faster100
    faster100 Posts: 6,124
    edited January 2005
    Oh you would know, if you received say 600.00 and your balance is less then that.. bingo you got charges.. or click details next to the transaction and it will show fee's and such taken
    MY HT RIG:
    Sherwood p-965
    Sherwood sd871 dvd
    Rotel 1075 amp x5
    LSI15 mains
    LsiC center
    LSIfx surround backs
    Lsi7 side surrounds
    SVS pb12/plus2

    2 Channel Rig:

    nad 1020 Pre-amp
    Rotel 1080 stereo amp
    Polk sda 2B
    kenwood grunt Tuner
    realistic lab 450 TT
    Signal cable IC
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  • tryrrthg
    tryrrthg Posts: 1,896
    edited January 2005
    That's good news! It doesn't look like they took anything out...
    Sony KDL-40V2500 HDTV, Rotel RSX-1067 Receiver, Sony BDP-S550 Blu-ray, Slim Devices Squeezebox, Polk RTi6, CSi3 & R15, DIY sub with Atlas 15
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  • Tour2ma
    Tour2ma Posts: 10,177
    edited January 2005
    As a Seller you can receive up to a total of $1000 in non-credit card payments before you have to "upgrade" to premium account status.

    I know this was the rule...
    More later,
    Tour...
    Vox Copuli
    Better to remain silent and be thought a fool, than to open your mouth and remove all doubt. - Old English Proverb

    "Death doesn't come with a Uhaul." - Dennis Gardner
    "It's easy to get lost in price vs performance vs ego vs illusion." - doro
    "There is a certain entertainment value in ripping the occaisonal (sic) buttmunch..." - TroyD
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  • reeltrouble1
    reeltrouble1 Posts: 9,312
    edited January 2005
    paypal is an oxymoron
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  • dragon1952
    dragon1952 Posts: 4,907
    edited January 2005
    paypal is an oxymoron

    :D

    Maybe we can suggest some better names.
    How about:
    PayThug
    PayPickpocket
    PayMeNowandPayMeLater
    PayThroughtheNose

    Anybody else?
    2 channel - Willsenton R8 tube integrated, Holo Audio Spring 3 KTE DAC, audio optimized NUC7i5, Windows 10 Pro/JRiver MC29/Fidelizer Plus 8.7 w/LPS and external SSD drive, PS Audio PerfectWave P3 regenerator, KEF R3 speakers, Rythmik F12SE subwoofer, Audioquest Diamond USB cable, Gabriel Gold IC's, Morrow Audio SP5 speaker cables. Computer - Windows 10/JRiver, Schiit Magni 3+/Modi 3+, Fostex PMO.4n monitors, Sennheiser HD600 headphones
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  • polksda
    polksda Posts: 716
    edited January 2005
    NotSoBadDespiteWhatAllTheWhinersBitchAbout
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  • dragon1952
    dragon1952 Posts: 4,907
    edited January 2005
    It's gotta start with 'Pay' dummy...get with the program! :p

    Now if you would re-word that to something like:

    PayMeAndQuitYourStupidBitchAssWhining

    then it might work. ;)
    2 channel - Willsenton R8 tube integrated, Holo Audio Spring 3 KTE DAC, audio optimized NUC7i5, Windows 10 Pro/JRiver MC29/Fidelizer Plus 8.7 w/LPS and external SSD drive, PS Audio PerfectWave P3 regenerator, KEF R3 speakers, Rythmik F12SE subwoofer, Audioquest Diamond USB cable, Gabriel Gold IC's, Morrow Audio SP5 speaker cables. Computer - Windows 10/JRiver, Schiit Magni 3+/Modi 3+, Fostex PMO.4n monitors, Sennheiser HD600 headphones
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  • RuSsMaN
    RuSsMaN Posts: 17,986
    edited January 2005
    I've written it off as a cost of doing business. If you want to open up your sales to credit card buyers, it's pricing structure is pretty much in line with the market.

    Call around to some of you local cc machine companies, tell them you just got your DBA and want to start accepting credit cards. Some of the 'swipe' machines are actually more expensive.

    I think in the long run, by accepting Paypal (as a premier member), I've had a lot more parties (bidders) interested in my items, and my final prices have increased substantially, more than enough to compensate for any incurred fees.

    About 70% of my buyers recently have been overseas, and it's working out GREAT.

    I think what it boils down to, at the most basic level, is you need to buy/sell smart, and make sure you have enough 'room' to get what you want out of any given item.

    For the casual seller, I wouldn't bother upgrading. If you are trying to go hardcore, you should.

    Cheers,
    Russ
    Check your lips at the door woman. Shake your hips like battleships. Yeah, all the white girls trip when I sing at Sunday service.
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  • danger boy
    danger boy Posts: 15,722
    edited January 2005
    PayNowBendOverAndSpreadEmPal

    have a nice day!:p
    PolkFest 2012, who's going>?
    Vancouver, Canada Sept 30th, 2012 - Madonna concert :cheesygrin:
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  • danger boy
    danger boy Posts: 15,722
    edited January 2005
    PayMeNowOrCousinVinnieWillBeLookingForYouPal

    :D
    PolkFest 2012, who's going>?
    Vancouver, Canada Sept 30th, 2012 - Madonna concert :cheesygrin:
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  • polksda
    polksda Posts: 716
    edited January 2005
    Originally posted by RuSsMaN
    I've written it off as a cost of doing business. If you want to open up your sales to credit card buyers, it's pricing structure is pretty much in line with the market.

    Call around to some of you local cc machine companies, tell them you just got your DBA and want to start accepting credit cards. Some of the 'swipe' machines are actually more expensive.

    I think in the long run, by accepting Paypal (as a premier member), I've had a lot more parties (bidders) interested in my items, and my final prices have increased substantially, more than enough to compensate for any incurred fees.

    About 70% of my buyers recently have been overseas, and it's working out GREAT.

    I think what it boils down to, at the most basic level, is you need to buy/sell smart, and make sure you have enough 'room' to get what you want out of any given item.

    For the casual seller, I wouldn't bother upgrading. If you are trying to go hardcore, you should.

    Cheers,
    Russ

    I think you hit all nail and no thumb there... :D
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  • reeltrouble1
    reeltrouble1 Posts: 9,312
    edited January 2005
    If the seller pays the fee for the item then I really have no gripe with using the service and have done so, I never pay the 3% deal for the seller and try to watch if the price has been adjusted up to compensate, however, I would rather pay it in the cost than have the fee hidden from the actual cost.

    RT1

    They are still not my Pal.
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