TIP ON PAYING EBAY FEES TO SAVE YOU HUNDREDS!!
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11-12-2003 11:55 PM
I though I would share it encase anyone else is as slow as I.
If you pay you Ebay fees via credit card, you are charged the credit card exchange rate.
If you make a onetime payment from your Paypal account each month you are charged the Paypal exchange rate; considerably lower.
If your fees are in excess of $1000, this could save you over $100 a month.
TIP ON PAYING EBAY FEES TO SAVE YOU HUNDREDS!!
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11-12-2003 11:56 PM
http://pages.ebay.com/help/billing/e_payment2.html
http://cgi3.ebay.com/aw-cgi/eBayISAPI.dll?PayCouponShow
TIP ON PAYING EBAY FEES TO SAVE YOU HUNDREDS!!
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11-13-2003 02:12 AM
TIP ON PAYING EBAY FEES TO SAVE YOU HUNDREDS!!
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11-13-2003 03:25 AM
Additionally, I have my PayPal MasterCard hooked up to my eBay account. Once a month, it automatically withdraws the $250 or so that I owe. Then PayPal gives me $4 USD or so as "cashback". For any PowerSeller that doesn't do this already, you're losing money. I buy my stamps and other shipping supplies with the PayPal MasterCard, and get 1.5% cashback on everything. Free money... you're crazy not to take it!
TIP ON PAYING EBAY FEES TO SAVE YOU HUNDREDS!!
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11-13-2003 06:51 AM
I would have a close look at it I were you.
I only list in .com so I am billed in US funds.
If I pay directly from my Paypal account with funds that have been deposited from buyers, I have only been charged Paypal fees to accept those payments.
If I transfer the funds to my CND bank account and pay with my visa. I am given a far lower exchange rate on the transfer than what the CC charges me for the US payment.
So $1000 US coming in @ 1.285, $1000 CND going back @ 1.375. It cost about $100 to transfer the funds around rather than just pay with the original us money.
Anyone have a better Idea?
TIP ON PAYING EBAY FEES TO SAVE YOU HUNDREDS!!
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11-13-2003 08:22 AM
Yes.
Get a credit card (MasterCard or VISA) from your local bank denominated in US dollars and change your billing currency at eBay to US dollars.
You will get billed in US dollars, be charged to your credit card in US dollars and pay the credit card statement three weeks later in US dollars directly from your US dollar denominated bank account where you deposit your US dollar checks and money orders from your customers.
In other words, you never need to convert to or from Canadian dollars. Keep both proceeds and expenses in US dollars and do not worry about ever losing a penny to the bank or PayPal "exchange conversion risk spread".
Good Luck.



TIP ON PAYING EBAY FEES TO SAVE YOU HUNDREDS!!
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11-13-2003 08:23 AM
Ann
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11-13-2003 10:39 AM
TIP ON PAYING EBAY FEES TO SAVE YOU HUNDREDS!!
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11-13-2003 10:47 AM

TIP ON PAYING EBAY FEES TO SAVE YOU HUNDREDS!!
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11-13-2003 10:48 AM

TIP ON PAYING EBAY FEES TO SAVE YOU HUNDREDS!!
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11-13-2003 11:02 AM
Like I said my brain is stuck between gears today.
TIP ON PAYING EBAY FEES TO SAVE YOU HUNDREDS!!
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11-13-2003 11:12 AM
Jeff
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11-13-2003 11:14 AM
TIP ON PAYING EBAY FEES TO SAVE YOU HUNDREDS!!
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11-13-2003 12:25 PM
I never heard of anything like that? Even though you have a credit card on file, they still limit your balance?
TIP ON PAYING EBAY FEES TO SAVE YOU HUNDREDS!!
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11-13-2003 01:13 PM
TIP ON PAYING EBAY FEES TO SAVE YOU HUNDREDS!!
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11-13-2003 01:44 PM
TIP ON PAYING EBAY FEES TO SAVE YOU HUNDREDS!!
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11-13-2003 04:56 PM
The other best move, which I detailed in my above post, was changing my eBay billing current to US dollars. My customers pay my PayPal account in US dollars, and eBay withdraws their fee in US dollars. No more getting burned by the conversion - twice, even three times. You could be making as much as 8 or 9% MORE profit with this simple move. Of course, as someone above said, you can only change your billing currency once per year... but trust me, why would you EVER need to change it again?
I know I sound like an advertisement, sorry. I'm just upset when I see other people getting overcharged just because they didn't didn't know any better. Believe me - eBay and PayPal aren't going to let you in on your oversight! 😛
TIP ON PAYING EBAY FEES TO SAVE YOU HUNDREDS!!
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11-13-2003 06:07 PM
The less you convert the currency back and forth, the more profit you keep in the end.
USD billing on ebay with USD payment and banking is ideal!
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11-13-2003 07:49 PM
TIP ON PAYING EBAY FEES TO SAVE YOU HUNDREDS!!
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11-13-2003 11:11 PM
