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The Terminator
Terminator Talk
2,900-Mile 2003 Ford Mustang SVT Cobra on BaT
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<blockquote data-quote="CobraBob" data-source="post: 16679365" data-attributes="member: 6727"><p>Yes, they are. Final Value fees used to be 10%. Now anything under $7500 (with few exceptions) is 12.55%. When eBay made the announcement that they were moving from PayPal to Ebay Managed Payments, they stated that the overall fees were reduced by about $0.10 per transaction, compared to the prior eBay/PayPal fees. A couple of months later, eBay then quietly increased their Final Payment fee from 10% to 12.55%. Bait and switch!</p><p></p><p>Meanwhile, PayPal just increased their fees, too. Digital payments went from 2.90% plus $0.30 to 3.49% (20% increase) plus $0.49 (65% increase). For a lower cost online seller like me, that equates to an overall per gasket kit PayPal payment fee of about $35%! I need to consider another payment gateway option, but I wouldn't be surprised to see credit card payments systems enact similar increases in short time.</p></blockquote><p></p>
[QUOTE="CobraBob, post: 16679365, member: 6727"] Yes, they are. Final Value fees used to be 10%. Now anything under $7500 (with few exceptions) is 12.55%. When eBay made the announcement that they were moving from PayPal to Ebay Managed Payments, they stated that the overall fees were reduced by about $0.10 per transaction, compared to the prior eBay/PayPal fees. A couple of months later, eBay then quietly increased their Final Payment fee from 10% to 12.55%. Bait and switch! Meanwhile, PayPal just increased their fees, too. Digital payments went from 2.90% plus $0.30 to 3.49% (20% increase) plus $0.49 (65% increase). For a lower cost online seller like me, that equates to an overall per gasket kit PayPal payment fee of about $35%! I need to consider another payment gateway option, but I wouldn't be surprised to see credit card payments systems enact similar increases in short time. [/QUOTE]
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The Terminator
Terminator Talk
2,900-Mile 2003 Ford Mustang SVT Cobra on BaT
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