Sorry for the thread resurrection.
Private sellers have to end of May 21 to move across to the new ebay payment service.
one thing hidden in the weeds is, they have quietly removed the £250 cap on selling fees, so take care with your high value items - see below:
The final value fee is calculated as 12.8% of the total amount of the sale (which includes the item price, postage, taxes and any other applicable fees), plus a fixed charge of 30p per order. If the total amount of the sale is over £2,500 for a single item, you'll pay 3% for the portion of the sale price above £2,500.
Ouch, that's quite the jump in pricing if you're selling a posh watch.
I had a few odds and ends to sell last week and was forced to change to the payment via bank account. Seems to work pretty well, altho I do miss having the money sat in my PayPal ready to spend afterwards - felt like I was getting some freebies! Just disappears into the bank account now, no fun at all.
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I've used it a few times now and money was in the bank the next day and they automatically deduct the selling fee. Seems to work fine.
They're still doing £1 final value fee deals as well - I wouldn't sell on there at all if they didn't do those.
Sold a expensive watch last week, well pleased to be honest. £1 total cost, funds arrived in bank account within the 3 days
I wouldve had to give it away in SC
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Sold a few pieces over the weekend. Pleased with the £1 selling fees, would have been stung a hundred or so on fees otherwise. Money was paid in about 2 days. Much prefer ebay managed payments over paypal.
Sold all of my old hi-fi kit (that I had advertised here on SC) on eBay but had the £1 selling fee. So a few hundred quid of cash made and just £8 of fees.
I doubt I'd ever sell anything on eBay unless there is a deal on, 12% fee is a bit steep for my liking.
The money came into my bank account this morning.
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Nice to not have to pay the 3-4% to PayPal! The only thing is I like having the money in my PayPal account and then bank account before sending out the watch - I’ll get used to it.
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I like the idea, why pay paypal fees?
A friend is not so keen, his paypal account is the only one his wife can't check on
Looks like eBay is completely cutting the ties off with PP.
How many auction houses side with the buyer and immediately claw back the money from the seller?
I sold a few watches last week under the 80% off fees offer and it worked out better than the old £1 plus 4% PayPal fees. There is another thread running on that, but basically the same subject.
Sold a watch to Italy - 3 months from leaving me to delivery. Don't they have delivery vans in Italy? Never again.
Never ever sell anything to Italy ever.
I took them off the ebay list 15 years ago.
I was told that Italian postmen are very badly paid and supplemented their income by stealing likely looking parcels from abroad.
When I ran an ebay account for a comany I had more thefts from Italy than all the Eastern European countries put together.
I've blocked Italy now. I did send a watch to Mexico once, took 5 months to get there. My PB for a speedy delivery was posted on a Thursday afternoon to someone in California. It was on the plane to San Francisco the next day and was delivered on the Tuesday morning. I was impressed with that one.