01-21-2017 06:58 PM
For me now Ebay and Paypal take too much fees )0: Example my last invoice show I sell for 380.00$ CND for the month and I pay 43.45$CND fees on sale (Ebay) + 32.00$CND (Ebay store)+ 23.01$ fees from Paypal too = 98.46$ Canadian on total fees )0:
I pay to Ebay and Paypal a big total of 26% of my sale amount )0:
Now I understand why many sellers on Ebay charge a big amount for shipping, before me I charge exactly the shipping fees but now I will do the samething with all people )0:
I know Ebay lost market because too much fees, Ebay need to be reduce the fees (0:
Thank you,
01-21-2017 09:57 PM
EBay charges 10% of your advertised shipping cost as a fee.
If you raise your shipping cost, eBay will get more fees, not less.
EBay charges 10% (usually) as a selling fee (FVF) on sold items.
There are some categories where the FVF are slightly lower.
Some sellers (TRS in particular) pay lower selling fees.
EBay charges listing fees which are usually 30 cents per item.
There are promotions which give free listings for Auctions or Fixed Price listings, not all of which are offered to all sellers or affect all categories.
In addition, sellers get 50 'free' listings every month.
In addition to those, sellers with Stores get more 'free' listings as part of their monthly Store fee.
The Store fees vary depending on which type of Store you choose, if any.
Paypal charges 10% of the customer's payment, up to a maximum of $750 on a given sale, and with a minimum of 30 cents.
Paypal has a micropayments service for sellers of low priced merchandise.
It would be worthwhile to review your costs, including monthly listing costs, to see why your costs are going over the 20% or less per month most sellers budget for.
01-22-2017 01:02 AM - edited 01-22-2017 01:04 AM
@reallynicestamps wrote:
Paypal charges 10% of the customer's payment, up to a maximum of $750 on a given sale, and with a minimum of 30 cents.
Cough, cough... paypal fees are not 10%
PayPal (for Canada sellers):
30 cents plus 2.9% for Canada
30 cents plus 3.7% of USA sales
20 cents plus 3.9% for sales to the rest of the world.
With discounts for high volume sellers.
01-22-2017 01:35 AM
Dennis is correct on the fees.
However, as a Canadian, if you sell on .com, you are paid with $USD. When you withdraw those funds to your Canadian bank, Paypal "generously" converts it to $CAD for you. And adds at least 2.5% for this.
Thus you are paying 6.6% + 39¢
In order to beat this currency conversion theft, you must open a bank acct in the USA. I believe you can do this with TD. B of A has a reciprocity agreement with RBC that allows clients to use all of their combined ATMs with no fees. I have an acct with a small US bank that has a very limited number of ATMs. To entice customers, they advertise zero fees on any ATM in the world! IOW, they eat the fees. When I used this card in El Salvador to take out $USD, my statement later showed the total withdrawn was exactly the cash amount I received.
Then you link this bank acct to your Paypal and transfer your $USD balance to it. Withdraw the $US cash with no fee.
01-22-2017 03:35 AM - edited 01-22-2017 03:36 AM
There is no currency "theft" -- that is your choice as seller as to whether you take the proceeds and use them for US$ or Canadian $ purchases and has nothing to do with your sales.
You give some valid bank methods of maximizing the value of those US$ earned.
Some other ways:
- buy items listed on eBay in US$
- buy from companies in the US that accept paypal balances for payment
I do both plus I try to exchange into Canadian $ (and vice versa) when the rates are favourable (the price spread between low and high exchange points of 2016 was over 13%).
-..-
01-22-2017 01:44 PM
@ypdc_dennis wrote:
@reallynicestamps wrote:
PayPal charges 10% of the customer's payment, up to a maximum of $750 on a given sale, and with a minimum of 30 cents.Cough, cough... PayPal fees are not 10%
PayPal (for Canada sellers):
30 cents plus 2.9% for Canada
30 cents plus 3.7% of USA sales
20 cents plus 3.9% for sales to the rest of the world.
With discounts for high volume sellers.
Typo I assume, should be 30 cents, no?
01-22-2017 02:04 PM
@pocomocomputing wrote:
@ypdc_dennis wrote:
@reallynicestamps wrote:
PayPal charges 10% of the customer's payment, up to a maximum of $750 on a given sale, and with a minimum of 30 cents.Cough, cough... PayPal fees are not 10%
PayPal (for Canada sellers):
30 cents plus 2.9% for Canada
30 cents plus 3.7% of USA sales
20 cents plus 3.9% for sales to the rest of the world.
With discounts for high volume sellers.
Typo I assume, should be 30 cents, no?
Your correction is correct. 30 was the intention...
01-22-2017 02:12 PM
op you could save a few bucks closing your .com US$ store and openning one on .ca for CAN$25. You could increase sales by setting your shipping section up properly. Fees will alwasy be high tryign to sell ~$20 items that need to go as parcels with canada post
01-22-2017 11:41 PM
You are right.
Sigh.
I've stopped dying my hair blonde*, to get away from the 'blonde moments', but I can't do much about the 'senior moments'.
*The pink highlights stay, though!