Must...Rant...Paypal...Must Die

VR3
VR3 Posts: 28,822
edited April 2024 in Clubhouse Archives
:mad:

I just sold my center on the bay...

Total came out to 155 dollars. Thats 130 + 25 dollar shipping.

So Ebay fees were like 6 some bucks... - no big deal, I expected it...

But the Paypal fee of FIVE DOLLARS? 11.65 total for fees on a 155 dollar item??? Are you kidding me...

I feel robbed...

This is absolute BS.

I will never accept paypal again, I can not support greedy old men in suits trying to steal peoples money.
- Not Tom ::::::: Any system can play Diana Krall. Only the best can play Limp Bizkit.
Post edited by RyanC_Masimo on
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  • nadams
    nadams Posts: 5,877
    edited February 2006
    The price of doing business... you should see how much it costs to actually have a credit card machine in a store.
    Ludicrous gibs!
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  • hoosier21
    hoosier21 Posts: 4,413
    edited February 2006
    think of something original to rant about, no secret 3% goes to the house.
    Dodd - Battery Preamp
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    Where is the remote? Where is the $%#$% remote!

    "I've always been mad, I know I've been mad, like the most of us have...very hard to explain why you're mad, even if you're not mad..."
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  • VR3
    VR3 Posts: 28,822
    edited February 2006
    Ok...

    Im tired of light up tennis shoes... they are possibly one of the most distracting things ever invented... and they stop working after a while...

    Ive actually seen a little kid walk into a door because he was too busy watching his shoes light up...

    Down with light up shoes!

    I will stick to money orders for now on.
    - Not Tom ::::::: Any system can play Diana Krall. Only the best can play Limp Bizkit.
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  • Demiurge
    Demiurge Posts: 10,874
    edited February 2006
    skeleton-violin.gif
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  • audiobliss
    audiobliss Posts: 12,518
    edited February 2006
    Vr3MxStyler2k3 wrote:
    Ive actually seen a little kid walk into a door because he was too busy watching his shoes light up...

    ROFLMREO!! Man, that's hilarious. There should be a short video of that floating around the internet!

    Waaaaaaaaaaaaaaaaaaaaaaaaaaaaa!
    George Grand wrote: »
    Jstas wrote: »
    Simple question. If you had a cool million bucks, what would you do with it?
    Wonder WTF happened to the rest of my money.
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  • pjdami
    pjdami Posts: 1,894
    edited February 2006
    Trey,
    I look at it as just the cost of doing business. If you are worried about the $5 Paypal fee then you could have asked for a personal check / money order.

    Paypal is very convenient especially for higher priced items. Usually I do the seller a favor and do a direct transfer from my checking account. Last time I did this a few weeks ago there is no transaction fee this way.

    $5 to get money into your account within a few minutes....not too bad bud. It is all about how long you want to wait. It probably takes $2 in gas just to get to the bank and deposit your money order / check.
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  • beardog03
    beardog03 Posts: 5,550
    edited February 2006
    just build the cost of doing business into the cost of the product, like many of my vendors do, and everything is paid for...and you still get what you want for said product...

    If you let the money sit in the account , then use it in a transaction for a paypal deal, I think it costs nada...
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  • VR3
    VR3 Posts: 28,822
    edited February 2006
    Well actually, shipping cost like 15 bucks ---

    I charged 10 dollars more, I guess I will have to start bumping it up to 15-20 dollars more and not mention why.
    - Not Tom ::::::: Any system can play Diana Krall. Only the best can play Limp Bizkit.
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  • beardog03
    beardog03 Posts: 5,550
    edited February 2006
    ed zachery..!
    Cary SLP-98L F1 DC Pre Amp (Jag Blue)
    Parasound HCA-3500
    Cary Audio V12 amp (Jag Red)
    Polk Audio Xm Reciever (Autographed by THE MAN Himself) :cool:
    Magnum Dynalab MD-102 Analog Tuna
    Jolida JD-100 CDP
    Polk Audio LSi9 Speaks (ebony)
    SVS PC-Ultra Sub
    AQ Bedrock Speaker Cables (Bi-Wired)
    MIT Shotgun S1 I/C`s
    AQ Black Thunder Sub Cables
    PS Audio Plus Power Cords
    Magnum Dynalab ST-2 FM Antenna
    Sanus Cherry wood Speak Stands
    Adona AV45CS3 / 3 Tier Rack (Black /Gold)

    :cool:
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  • hoosier21
    hoosier21 Posts: 4,413
    edited February 2006
    Vr3MxStyler2k3 wrote:
    Well actually, shipping cost like 15 bucks ---

    I charged 10 dollars more, I guess I will have to start bumping it up to 15-20 dollars more and not mention why.

    that's one way.

    My kids shoes must be atomic powered, none of them have ever died.
    Dodd - Battery Preamp
    Monarchy Audio SE100 Delux - mono power amps
    Sony DVP-NS999ES - SACD player
    ADS 1230 - Polk SDA 2B
    DIY Stereo Subwoofer towers w/(4) 12 drivers each
    Crown K1 - Subwoofer amp
    Outlaw ICBM - crossover
    Beringher BFD - sub eq

    Where is the remote? Where is the $%#$% remote!

    "I've always been mad, I know I've been mad, like the most of us have...very hard to explain why you're mad, even if you're not mad..."
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  • audiobliss
    audiobliss Posts: 12,518
    edited February 2006
    hoosier21 wrote:
    My kids shoes must be atomic powered, none of them have ever died.
    You oughtta hook 'em up to your audio system. Having a nuclear power source right there should be a lot cleaner than plugging your system into the wall. And you'd never have to wait 'til night to listen, either!
    George Grand wrote: »
    Jstas wrote: »
    Simple question. If you had a cool million bucks, what would you do with it?
    Wonder WTF happened to the rest of my money.
    In Use
    PS3, Yamaha CDR-HD1300, Plex, Amazon Fire TV Gen 2
    Pioneer Elite VSX-52, Parasound HCA-1000A
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    Epson 8700UB
    In Storage
    [Home Audio]
    Rotel RCD-02, Yamaha KX-W900U, Sony ST-S500ES, Denon DP-7F
    Pro-Ject Phono Box MKII, Parasound P/HP-850, ASL Wave 20 monoblocks
    Klipsch RF-35, RB-51ii
    [Car Audio]
    Pioneer Premier DEH-P860MP, Memphis 16-MCA3004, Boston Acoustic RC520
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  • danger boy
    danger boy Posts: 15,722
    edited February 2006
    Vr3MxStyler2k3 wrote:
    :mad:

    I just sold my center on the bay...

    Total came out to 155 dollars. Thats 130 + 25 dollar shipping.

    So Ebay fees were like 6 some bucks... - no big deal, I expected it...

    But the Paypal fee of FIVE DOLLARS? 11.65 total for fees on a 155 dollar item??? Are you kidding me...

    I feel robbed...

    This is absolute BS.

    I will never accept paypal again, I can not support greedy old men in suits trying to steal peoples money.


    I feel for you and know exactly how pissed off you are.. my one bad experience is when i sold a car on Ebay and used Pay Pal to accept payment. NEVER AGAIN! :mad:

    AND the worst part of it is.. Pay Pal is now owned by you guessed it EBAY! :(
    PolkFest 2012, who's going>?
    Vancouver, Canada Sept 30th, 2012 - Madonna concert :cheesygrin:
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  • BobMcG
    BobMcG Posts: 1,585
    edited February 2006
    nadams wrote:
    The price of doing business... you should see how much it costs to actually have a credit card machine in a store.

    Tell me about it. I just signed the papers today to change out the machine and get new lower rates for my computer business. They're ridiculous.
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  • brettw22
    brettw22 Posts: 7,623
    edited February 2006
    Flat rate shipping.......

    When you're selling things on Ebay, you're obviously doing it to make money, so price how much it would cost to send your item all the way to the furthest place in the country, and that's what you should charge for shipping. If they happen to be closer, they're still paying that price. And don't call it "shipping".....specify it as S&H so they know that you're price is shipping, packaging, gas, etc to get that item to them.

    I'm surprised that your Ebay fees were only $6 with listing, and final value fees, unless you set no reserve, started it at a penny, etc.....
    comment comment comment comment. bitchy.
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  • VR3
    VR3 Posts: 28,822
    edited February 2006
    I set the starting bid at 100 dollars, 130 dollar buy it now.

    It was 2 something insertion fee, 25 cents for BIN fee - then 4 something for final value fee...

    Paypal was like 4.5 final value fee or someting.

    its a load of BS.
    - Not Tom ::::::: Any system can play Diana Krall. Only the best can play Limp Bizkit.
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  • billbillw
    billbillw Posts: 6,909
    edited February 2006
    If you sell on Ebay and you don't accept PayPal, you can expect your final sale price to be much more than 3% lower. You just have to accept and always set your BIN price a little higher to absorb those fees.
    For rig details, see my profile. Nothing here anymore...
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  • MrBuhl
    MrBuhl Posts: 2,419
    edited February 2006
    Vr3MxStyler2k3 wrote:
    Ok...

    Im tired of light up tennis shoes... they are possibly one of the most distracting things ever invented... and they stop working after a while...

    Ive actually seen a little kid walk into a door because he was too busy watching his shoes light up...

    Down with light up shoes!

    I will stick to money orders for now on.

    And they're bad for the environment - all those little mercury cells going in the dump... (but my kids have them anyway...)
    VA HT HK AVR20II, Sony S9000ES CD/DVD/SACD, Polk Audio RC80i / Polk Audio CSi3, 60" Panasonic Plasma, Nordost / Signal Cable A2 / Wireworld / Pangea / Magic Power
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  • hotwheelman
    hotwheelman Posts: 1,300
    edited February 2006
    Light up shoes, connect to system.......instant disco lights. :D
    "Its worked so far but we're not out yet."
    "Hey big man let me hold a dollar"
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  • reeltrouble1
    reeltrouble1 Posts: 9,312
    edited February 2006
    nadams wrote:
    The price of doing business... you should see how much it costs to actually have a credit card machine in a store.

    No Flame Noah but this is the exact thought that Paypal and others want the public to accept. That it is normal to pay a fee on a transaction, eventually any transaction.

    Last time I checked it cost a business a 6% upcharge to accept credit cards, this may have changed and likely they have found some new "fee's". But even with a CC 6% of 155 is 9.30.

    Sid is right, its way to much to get charged 7.5 of his total sale. Charging extra for ship is one way to protect the seller, but not the buyer, afterall, Paypal/Ebay really does not give a crap who pays as long as someone does.

    They suck.
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  • brettw22
    brettw22 Posts: 7,623
    edited February 2006
    When I sold the 17 or 18 pair of Lsi7's on Ebay last year I didn't take Paypal for a single one of them. You do have the right to bypass their fees.......
    comment comment comment comment. bitchy.
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  • Early B.
    Early B. Posts: 7,900
    edited February 2006
    As a rule, I normally don't purchase from buyers who do not accept PayPal. Likewise, when I sell stuff on ebay, audiogon or this forum, I always insist on payment through PayPal. Why? Well, have ya ever heard the phrase, "time is money?"

    I am willing to pay the 3% so I can get my money immediately. The faster I get paid, the quicker I can re-invest the money or spend it elsewhere. I'm not interested in waiting a week for a buyer to send a money order, and I don't want to take the time to go to the bank and deposit it.

    I also typically don't purchase from a buyer who has inflated their shipping charges, nor do I buy from a buyer who's ad says, "add 3% for PayPal fees."

    You gotta understand -- ebay, audiogon, etc. are wonderful marketplaces. If they didn't exist, we'd have a much harder time unloading some of our stuff. So from that perspective, three percent is a bargain.

    The key to selling stuff is a quick turnover to generate cash flow, not maximizing profit on every transaction (which usually takes more time).
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    "God grooves with tubes."
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  • madmax
    madmax Posts: 12,434
    edited February 2006
    .......
    Vinyl, the final frontier...

    Avantgarde horns, 300b tubes, thats the kinda crap I want... :D
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  • Early B.
    Early B. Posts: 7,900
    edited February 2006
    madmax wrote:
    I no longer participate in rants. Last time I was called a **** and a ****...

    Sounds like a typical conversation with a wife. Hey, I've been called much worse. :eek:
    HT/2-channel Rig: Sony 50” LCD TV; Toshiba HD-A2 DVD player; Emotiva LMC-1 pre/pro; Rogue Audio M-120 monoblocks (modded); Placette RVC; Emotiva LPA-1 amp; Bada HD-22 tube CDP (modded); VMPS Tower II SE (fronts); DIY Clearwave Dynamic 4CC (center); Wharfedale Opus Tri-Surrounds (rear); and VMPS 215 sub

    "God grooves with tubes."
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  • madmax
    madmax Posts: 12,434
    edited February 2006
    Aw, not pertinent to the poster...
    madmax
    Vinyl, the final frontier...

    Avantgarde horns, 300b tubes, thats the kinda crap I want... :D
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  • reeltrouble1
    reeltrouble1 Posts: 9,312
    edited February 2006
    Paypal is hardly "instant".

    Why do they push so hard to get your bank acct #?
    Why do they limit the amount of your cash you can withdraw even though its yours?
    Why do they constantly ask you to get a premier account?

    The questions are rhetorical.

    They Suck.

    So now we should use Paypal because gas costs too much? If a couple of the big money boys ever read that it would put a big smile across their face.

    I will use them if no other choice will work, but I am all for sending a check for .39.

    Did I mention Paypal sucks??

    RT1
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  • bobman1235
    bobman1235 Posts: 10,822
    edited February 2006
    reeltrouble1 wrote:
    Paypal is hardly "instant".

    Less than a day anywhere in teh country. Hell of a lot more instant than a check, especially from far away.
    reeltrouble1 wrote:
    Why do they push so hard to get your bank acct #?
    Why do they limit the amount of your cash you can withdraw even though its yours?
    Why do they constantly ask you to get a premier account?
    If you use your bank acct you don't pay as many fees as with a credit card. It's more costly for THEM to deal with credit card companies, so of course they woudl prefer a direct connection with a bank account.

    I've never had htem limit the amount I can withdraw.

    And above all they're a business, they make more money if you get a premier account. Do you expect them to be altruistic, and just exist to help people, not making any money?
    reeltrouble1 wrote:
    So now we should use Paypal because gas costs too much? If a couple of the big money boys ever read that it would put a big smile across their face.

    I will use them if no other choice will work, but I am all for sending a check for .39.

    That's the way it should be - that's the way it works. If you don't like em, you dont' have to use them. If enough people hated their practices, they would change their policies or cease to be. Hell, start your own money transfer business. Yay free market economy!
    If you will it, dude, it is no dream.
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  • michael_w
    michael_w Posts: 2,813
    edited February 2006
    Money orders cost about $5 here, so a couple bucks for an instant transaction with at least some safety features to go along with it isn't too bad... Then again I'm coming from a buyers position and have never had to sell anything.

    It sucks but everything costs money now. They take risks by participating in the money handling process just as a bank does when they give out a loan, so they wouldn't take that risk at no extra cost.
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  • reeltrouble1
    reeltrouble1 Posts: 9,312
    edited February 2006
    Oh, did I mention Paypal sucks or that paying a fee to transfer cash money sucks?

    One day the suckiness will be at your local vending machine, you put your card in and whamo Paypal Preferred your candy bar has an upcharge.

    Did I mention Paypal Sucks?

    Keep biting and I will keep reeling.

    RT1
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  • reeltrouble1
    reeltrouble1 Posts: 9,312
    edited February 2006
    It really sucks to pay a 1.50 for a check for your own dough.

    Paypal sucks!!!

    RT1
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  • reeltrouble1
    reeltrouble1 Posts: 9,312
    edited February 2006
    It just sucks that they take your money instantly but transfer it back to your account takes 2-3 days!!

    Paypal sucks, I only mention that in case I had forgot too.

    RT1
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