PP fees

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LOL! From what I have seen in the Exchange, many, if not most of the people who post NET or NET TO ME have no idea what that means. I saw one yesterday that said "net shipped and PP" I assume that he will cover PP fees and shipping.

If you don't know what NET means, in this case, when you sell something, NET it means what you want in your pocket for the item. If you say $100 net, that means that shipping and any fees cost extra. Example: $100 for the item plus $3 for PP fees plus $8 for shipping = $111.

Several years ago, I bought a knife for $150. The seller said NET TO ME. I really wanted the knife, so I wrote to the seller and asked what the total price would be? He wrote back and said $150. So, he didn't know what NET meant.

 

I always get a kick out of that one.

 

I remember way back when all of this net to me business started. I always assumed it metastasized from some other part of the internet that was infected with it.

 

I add fees and shipping to my price.

 

There you go!
You can’t get much simpler than that.

 

I don't want to do math anymore as a buyer than as a seller when I have listed things for sale I always figure a estimated price based on expected costs to me in the listing, selling, or shipping of an item. I know roughly what it costs to ship and can easily check that too for items/packages to have an estimated amount to add for that and it is easy to figure roughly what fees you pay with PP. There is little reason to have the buyer do all the work when the seller has the item and packaging information to estimate shipping costs and knows the fees they are going to pay. If you want to be precise make a simple excel/spreadsheet document with some formulas you just plug in the sale price and boom there is a fee for you.

 

Somewhat, or completely, off topic but PayPal is not a very good system outside of eBay. I use it of course and unless the person IS a friend I figure the fees, and shipping into the price. But their fees are outrageous.

In Canada, the majority of domestic person to person online transactions are paid through emt (electronic money transfer). My bank account to your bank account. The fee is about $1.50 per transaction. Doesn't matter if its $50 or $500, the fee is $1.50. There is no "buyer/seller protection", provided by this service but I have never used this supposed insurance once in likely over 100,000 in PayPal fund transfers. Thats $3,000 and counting in fees. Plus it is far superior having money put into my account than into the abyss of PayPal where it never becomes liquid cash as I just buy more knives.

 

Many people here have been made whole by PayPal after being scammed by unscrupulous sellers...well worth the 3% in my opinion and I will continue to use Goods & Services payments for just that reason.

 

My gut feeling is PP fees are a bit high, since they most often arbitrate claims rather than pay claims. However this is just a gut feeling and I have no idea how much arbitrating costs the company. I feel USPS insurance is too high also and so are my groceries. Bottom line it is what they charge and if you use or buy the service it is what it costs. I have no problem with alternate methods of payment and the more the better, as long as both parties understand what they are getting into. There is a problem using F&F as an alternate form of payment. That is not a choice, but misuse and defrauding PP.
For most people and most transactions PP G&S is the smart(insurance) way to go and alternate methods are a gamble. I have never made a claim with PP or USPS insurance and would be well ahead if I used neither, but then again I could have had a problem on my 1st transaction (or next) then where would I be.

 

What are the PayPal G&S fees in Canada?

 

I just Googled them. Not exactly what I would call outrageous.

Here they are:

Sales within Canada:2.9% + $0.30 CAD per transaction
Discount rate for charities registered with the Canada Revenue Agency:1.6% + $0.30 CAD per transaction
Sales to the US:3.7% transaction fee + fixed fee based on the currency received
International sales (excluding the US):3.9% transaction fee + fixed fee based on the currency received*


*The US fixed fee is $0.30USD.

https://www.paypal.com/ca/webapps/mpp/paypal-fees

 

I’ve been buying and selling her for some time now and I usually pass on any ad that says “net to me” or asks for “PayPal F&F”. PP has its issues, but they provide a convenient service and should be Compensated even if I have to pay up for it.

 

How about we self regulate by PM'ing the seller saying, "Love the knife but won't deal with PP cheater/Net to me/plus shipping and insurance types. If you had just put a firm price including everything you might have made a sale!" If enough people do this he/she will get a stuffed in box but no offers.

 

That’s great fine and wonderful but it doesn’t work guys. There’s still way to many of us that will bitch about it on a thread like this but go right ahead and still buy the knife or whatever the item is. Don’t believe me, go look on the FS Forum. There lots of ads with “F&F, net to me, etc. and they still sell relatively quick. And not all are bought by “newbies”. Plenty are bought by guys like me, gold members with 10+ years on here and high feedback scores.
I stand by what I had said earlier as unpleasant as it may be. Until the mods. make it a rule nothing will change no matter how much you want it to.

Vr
Mark T.

 

If I have to do the math for you, I'm gonna do it all wrong so I can get it cheaper... That's your own damn fault to tell someone to add 3.5%, because some people can't do math worth a squat.

 

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I will put all my prices in the form of a word problem