PayPal and Credit Card Fees?

Arnot Wadsworth

Arnot Wadsworth

Senior Cuemaker
Silver Member
Why is it that some cuemakers in this forum charge a 3 percent fee for PayPal Transactions when I don't know of any body else in the world that charges these fees.

I have been accepting credit card and PayPal payments for many years for the products that I sell and have never charged a customer additional fees.

I buy a lot from Atlas and other supplies and they have never charged me additional fees and I would not do the same to one of my customers.

To charge additional fees is contrary to the agreement we sign so that we can use credit cards and PayPal. If someone "dropped a dime" on you you could lose your merchant account or PayPal account. Also it is just a little pettit.

Please stop charging these additional fees.

I for one will not buy from anyone that charges these additional fees.
 
Arnot Wadsworth said:
Why is it that some cuemakers in this forum charge a 3 percent fee for PayPal Transactions when I don't know of any body else in the world that charges these fees.

I have been accepting credit card and PayPal payments for many years for the products that I sell and have never charged a customer additional fees.

I buy a lot from Atlas and other supplies and they have never charged me additional fees and I would not do the same to one of my customers.

To charge additional fees is contrary to the agreement we sign so that we can use credit cards and PayPal. If someone "dropped a dime" on you you could lose your merchant account or PayPal account. Also it is just a little pettit.

Please stop charging these additional fees.

I for one will not buy from anyone that charges these additional fees.
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3% is a rediculous fee for PayPal to charge. That's $60 on a $2000 cue. I guess there is a price to pay for instant cash... an extreme one! If a seller on ebay tries to pass the 3% to the buyer... ebay calls it circumvention of fees and will cancel the sellers account.:mad:
 
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It's actually more than 3%. I got paid for a bet of $100 and I'm left with $96.30 in my account. That's 3.7%.
 
Fees

Let's look at it from the other side. A guy pays cash and you charge him the same. You make more money. By the way Paypal's charge for their virtual terminal is 3.1% on the first 3000.00 It's a tough call and each person has to decide how they want to do business. I will eat the paypal cost on a small order to expedite the process. But not on a high dollar cue.
Most commercial places build the anticipated charge expenses into the cost of their product, so we all pay for the right to charge it.
 
on a 25$ payment, Paypal took 1.03$ this is REDICULOUS.. what are you paying for? you still have to pay taxes right?

SPINDOKTOR
 
Arnot Wadsworth said:
Why is it that some cuemakers in this forum charge a 3 percent fee for PayPal Transactions when I don't know of any body else in the world that charges these fees.
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Arnot, the ham radio community is BIG on buying, selling, and trading used ham radios online.
Some of them charge the 3% paypal fee some dont.
I have always thought it is a sign of pettiness and just poor planning on the part of the seller.
A better way is to include the 3% in the price and offer a discount for cash or money order ... at the time of the sale.
That way the Paypal user wont think he is being charged extra and the cash buyer thinks he is getting a discount ... everyone is happy.

There were motels that would charge a surcharge for American Express users. Totally against the American Express agreement.
That is why most economy motels will not take American Express cards.
The more expensive ones charge enough to cover the costs.
 
Steve ... that is one fine looking cue in your avatar!
Mind if I copy the design?
Just kidding ... LOL
Very nice!
 
Paypal fees are a joke. Just making someone else rich. What is wrong with a cr. card by it self ? I have never had a problem in 17 yrs on the web! ;) Ebay needs to get that paypal idea out of there heads! ;)
 
WilleeCue said:
Steve ... that is one fine looking cue in your avatar!
Mind if I copy the design?
Just kidding ... LOL
Very nice!
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I don't have trade marks on butterflies over points or veneer lines . Go for it. I just like it when people appreciate the design.

Remember when Sam's clubs only took Discovery cards, low fees. When the rest lowered their rates. Sam's started taking Discovery and Mastercard.
Cash is still King, but it's dying rapidly.
 
Paypal charges a 3% or more fee for the transactions because they do the leg work involved AND you have certified funds. They also protect you from fraud in some case. Not a bad trade off IMO.

When processing a credit card, the seller also pays 3% or more. That is why most companies will not take AmEx. They charge a higher percentage per transaction.

The seller will pay the fee one way or the other. Figure it into your pricing as part of doing business. Adding it on after the sale is against Paypal policy.

It is easier to come down a little for a cash sale than it is to up on a credit card/paypal sale. That is why when you try to get a "good deal" at, let's say SBE, the vendor will ask cash or credit. Cash prices are always better.
 
Fees

justpool said:
Paypal fees are a joke. Just making someone else rich. What is wrong with a cr. card by it self ? I have never had a problem in 17 yrs on the web! ;) Ebay needs to get that paypal idea out of there heads! ;)
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Ebay bought Paypal, guess why they push it. Getting to accept credit cards is easier than it use to be. But the average internet seller doesn't qualify. You use to have to submit a picture of your store front to get one. Not that bad now, but the average garage/basement cue maker or parts supplier doesn't qualify to get one. Plus you have a monthly fee, a transaction fee, and anyway else they can figure out to charge you. Like anything else, the higher your monthly volume, the lower the rates. One thing I have noticed about some of the people who charge the paypal fee. Their product still cost less even with the fee, compared to the big guys. So I don't care if they charge it. I want the best product at the best cost. Don't care how they figure out my bill.
 
cutter said:
Ebay bought Paypal, guess why they push it. Getting to accept credit cards is easier than it use to be. But the average internet seller doesn't qualify. You use to have to submit a picture of your store front to get one. Not that bad now, but the average garage/basement cue maker or parts supplier doesn't qualify to get one. Plus you have a monthly fee, a transaction fee, and anyway else they can figure out to charge you. Like anything else, the higher your monthly volume, the lower the rates. One thing I have noticed about some of the people who charge the paypal fee. Their product still cost less even with the fee, compared to the big guys. So I don't care if they charge it. I want the best product at the best cost. Don't care how they figure out my bill.
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I have been accepting credit card payment for many years and I have never had a store front. I pay the fees and am happy to do so because it is convenient to me and my customers alike.

There is still something to be said about abiding by the agreements that you make. In this case the vendor has agreed NOT to add additional charges yet he still does it.

Lower overall cost do not justify doing something you have agreed not to do. The end does NOT justify the means.

If you do not want to pay the fees then you should NOT accept PayPal or credit card payments. When you use their services they are entitled to be paid as agreed just like you are entitled to be paid for your work.
 
I buy alot of stuff here and do it the other way around.
Whenever I make a deal with anyone and there is no mention of paypal fees, I add 3-4% to the amount I transfer.

I agreed to buy the cue for $500, so that's the amount I want to seller to receive.
I'm not looking at what I'm sending, I'm looking at what the other guy's getting.
Not paying (extra for) them would be the same as assuming free shipping.
Nothing comes free.

gr. Dave

btw. I know it's against paypal policy....couldn't care less.
 
ratcues said:
Paypal charges a 3% or more fee for the transactions because they do the leg work involved AND you have certified funds. They also protect you from fraud in some case. Not a bad trade off IMO.

When processing a credit card, the seller also pays 3% or more. That is why most companies will not take AmEx. They charge a higher percentage per transaction.

The seller will pay the fee one way or the other. Figure it into your pricing as part of doing business. Adding it on after the sale is against Paypal policy.

It is easier to come down a little for a cash sale than it is to up on a credit card/paypal sale. That is why when you try to get a "good deal" at, let's say SBE, the vendor will ask cash or credit. Cash prices are always better.
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I agree with this statement... But it should not be a percentage. Make it a flat rate and be done with it. The 3% is more like a tax than a charge. Pay too much in taxes already.
 
What this boils down to is that different people have different business practices.

Some stores I go to charge a $0.50 fee for debit card transactions, while others do not. Why ? :rolleyes:

Dave
 
on large purrchases the E-Check is the way to go.$3000 costs $5.00 and it only takes 3-4 days for the tansaction to be completed.
 
cutter said:
Ebay bought Paypal, guess why they push it. Getting to accept credit cards is easier than it use to be. But the average internet seller doesn't qualify. You use to have to submit a picture of your store front to get one. Not that bad now, but the average garage/basement cue maker or parts supplier doesn't qualify to get one. Plus you have a monthly fee, a transaction fee, and anyway else they can figure out to charge you. Like anything else, the higher your monthly volume, the lower the rates. One thing I have noticed about some of the people who charge the paypal fee. Their product still cost less even with the fee, compared to the big guys. So I don't care if they charge it. I want the best product at the best cost. Don't care how they figure out my bill.
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Even if you don't accept PayPal as a seller on ebay... ebay still hammers you for the " listing fee" and the " final value fee " when your item sells... put the Pay Pal fee on top of that and it's a triple whammee!!!... ebay sellers are really taking it in the shorts! IMO
 
Paypal provides a service. It's not free. It is convenient, and easy to use. Their "protection" is a joke though, and there are literally THOUSANDS of horror stories about their service. Educate yourself before you use it.
 
I'm not a Paypal advocate, but they pay a percentage to the credit card companies. Although I'm not privy to the deal between them, I would imagine that it's somewhere around 1%.

Gene
 
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