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 VWCOOL
23 Windows of Awesome
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| posted on October 30th, 2006 at 10:10 PM |
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Pay Pal
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
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ctefeh
Wolfsburg Wizard
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| posted on October 30th, 2006 at 10:51 PM |
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Paypal stuff
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
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VWCOOL
23 Windows of Awesome
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| posted on October 31st, 2006 at 08:21 AM |
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Ahh, sounds all too hard... Might get them to pay into my Mastercard or something...
Pay your debts, CxxT
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68AutoBug
A.k.a.: Lee Noonan
Aircooled Master
Beetle Restorer - Experience over 138% - YIKES --
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| posted on October 31st, 2006 at 09:31 AM |
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| Quote: | Originally
posted by ctefeh
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
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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
- [size=4]Helping keep Air Cooled VWs on the road - location: SCONE in the Upper Hunter Valley - Northern NSW 320 kms NNW of SYDNEY--- [/size]
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vwjon
Fahrvergnugen
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| posted on October 31st, 2006 at 10:45 AM |
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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
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68AutoBug
A.k.a.: Lee Noonan
Aircooled Master
Beetle Restorer - Experience over 138% - YIKES --
Posts: 11654
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Mood: Really Mentally Ill - all of the time -
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| posted on October 31st, 2006 at 11:15 AM |
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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
- [size=4]Helping keep Air Cooled VWs on the road - location: SCONE in the Upper Hunter Valley - Northern NSW 320 kms NNW of SYDNEY--- [/size]
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