Pay Pal

VWCOOL 23 Windows of Awesome

5,158 posts · joined Jun 2003 · 30 Oct 2006, 10:10 pm

#550526

How does Paypal work? I have some interest in my Hoodjax quick-fit Beetle engine cooler jobbies from overseas and I need to be able to sell them, and be paid, reliably. Is Paypal the best way, or should I look at some other method of getting $ from overseas?

[ Edited on 30-10-2006 by VWCOOL ]

Pay your debts, CxxT

ctefeh Wolfsburg Wizard

479 posts · joined Apr 2005 · 30 Oct 2006, 10:51 pm

#550538

VWCOOL,
Great for the buyer, fiddly for the seller.

Buyer : Set's up paypal account and linking to either credit card or bank, can "top up" or fund payments.

Seller : Slugged 3% of total invoice, has a minimum amount before you can transfer to your own account.

Also, you are fine sliced on currency conversion again. If I were setting up, I'd figure on a 5-8% markup to cover all the sundry charges while keeping a close watch on the exchange rates.

In the US in particular, adverts often now state that the 3% is included in total price. I have offered to use paypal to someone who's leery of it, saying I'll spring for the extra 3%.

Also, Paypal is a Fleabay subsidiary. Fleabay now disallows any mention of a seller tacking on the surcharge if the buyer uses Paypal. Again, lot's of people say in their adverts say "we'll discuss Paypal".

Overall (aside from my loathing of the Paypal/Fleabay rules 'n' regs) it is fairly painless and makes payment/reception of foreign currency a breeze.

Enjoy
Ctefeh

VWCOOL 23 Windows of Awesome

5,158 posts · joined Jun 2003 · 31 Oct 2006, 8:21 am

#550586

Ahh, sounds all too hard... Might get them to pay into my Mastercard or something...

Pay your debts, CxxT

68AutoBug Beetle Restorer - Experience over 138\% - YIKES --

11,654 posts · joined Aug 2002 · 31 Oct 2006, 9:31 am

#550618

ctefeh wrote:VWCOOL,
Overall (aside from my loathing of the Paypal/Fleabay rules 'n' regs)
it is fairly painless and makes payment/reception of foreign currency a breeze.
Enjoy
Ctefeh

Yes,
I agree that it makes reception and payment in a Foreign currency a Breeze....
I even loved it when it was in US Dollars only...

Lee

- Helping keep Air Cooled VWs on the road - location: SCONE in the Upper Hunter Valley - Northern NSW 320 kms NNW of SYDNEY---

vwjon Fahrvergnugen

914 posts · joined Jul 2006 · 31 Oct 2006, 10:45 am

#550648

i've got a problem with paypal, my paypal account was set up in the UK but i cannot use over here in oz, nor can i put funds in to cover the cost of purchases!
i did spend some money that was in the account,but because its a uk account, i got screwed with the exchange rate!!
i guess i will get screwed again when i put oz cash into the account.

i know what you're all going to say,set up an oz account! but why cannt i just transfer my uk account?? i dont have an oz credit card either, the joys of not being tied down!!

3 1959 cadillacs
1 musso
2 early notchbacks
2 split kombis
2 split panels
1 split ute
1 low light panel
1 ex-pmg bay
1 country buggy
1 beetle ute
1 14" syncro caravelle
1 16" syncro doka
1 golf cabrio
1 vw camper trailer
2 3meter bombs

68AutoBug Beetle Restorer - Experience over 138\% - YIKES --

11,654 posts · joined Aug 2002 · 31 Oct 2006, 11:15 am

#550657

Yes,

I realise Jon, that Paypal isn't user friendly in some circumstances....

they have their own rules and regs that make it easy for them....

I always found the exchange rate from USA to Aust was OK....
don't know about the UK...

You have a problem.....

and talking to someone isn't easy....
making them understand Your problem....

Impossible....

they will say You don't have a problem....

Lee

- Helping keep Air Cooled VWs on the road - location: SCONE in the Upper Hunter Valley - Northern NSW 320 kms NNW of SYDNEY---