06-22-2017 05:55 PM
The new tax eBay is charging Canadians effective July 1/17 will make the percentage I give them on a transaction depending on the item including what they take for postage & of course PayPal will be approximately 18%.
With this Canadian Tax will eBay and PayPal lessen what they charge us for using their site to help seller's charge a reasonable price to buyers, I sure hope so or prices will be too high to attract sales?
06-22-2017 08:18 PM
@maureenr5700 wrote:... With this Canadian Tax will eBay and PayPal lessen what they charge us for using their site to help seller's charge a reasonable price to buyers, I sure hope so ...
Simple answer: No.
This will be (depending where in Canada you are) an extra 0.5 to 1.5% of the sale price for sellers who are not GST/HST registered, don't have a store, and don't have TRS status.
Those who are GST/HST registered will see no change (just some extra bookkeeping for the ITC).
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06-23-2017 12:24 AM - edited 06-23-2017 12:25 AM
will be approximately 18%.
Or roughly what it has been since the introduction of Paypal circa 2004.
I allow 20% of my selling prices for monthly fees including listing fees and store rental. Usually I am pleasantly surprised that it is lower.
06-23-2017 05:27 AM
@femmefan1946 wrote:will be approximately 18%.
Or roughly what it has been since the introduction of Paypal circa 2004.
I allow 20% of my selling prices for monthly fees including listing fees and store rental. Usually I am pleasantly surprised that it is lower.
Numbers, numbers...
My eBay fees the last invoice were 11.52% of sales (if taxed that would have been 13.02%).
My Paypal fees for the same sales were 6.84%.
So 18.36% versus 19.86% taxed (Ontario 13% HST rate)
...
If I'd been able to make those same sales over on the A-river it would have worked out to 25.1% (professional) or 25.8% (individual).
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06-25-2017 02:08 AM
06-28-2017 04:39 PM
I allow 20% of my selling prices for monthly fees
I allow 20%-- but between TRS discounts and free listings, it is usually well below that.
Being a pessimist about my expenses, makes me happy at month end when they are lower than expected.
07-18-2017 07:55 AM
"With this Canadian Tax will eBay and PayPal lessen what they charge us for using their site to help seller's charge a reasonable price to buyers, I sure hope so or prices will be too high to attract sales?"
HaHaHaHaHa