The Forum at Handcuffs.Org

eBay sucks!!

16 visible archived posts · 16 preserved total · topic ID 5335

holstcollection 19 Jun 2013

I recently listed a cuff on eBay. I can't complain about the sales price, it was ok. The problem is that I offered PayPal. As I have not sold anything on eBay for 90 days, I'm no longer thrust worthy in the eyes of eBay.

My fund will therefore be frozen for up to 21 days! I've been a member on eBay since 2002, all with 100% feedback; both as a seller and a buyer.
eBay obviously think I have become a fraud risk as I've not been SELLING anything for less than 90 days.

If any of you are planning to sell cuffs on eBay and haven't sold anything for 90 days, ask for another payment method than PayPal.

eBay sucks and so does PayPal!

Lars

ChuckII 19 Jun 2013

I agree with you, eBay wants to write all of their own rules and change them often.

I've had great success selling items here, but a few are not wanted. I hate to go to eBay, but may have to.

As a last resort, of course.

mark lyons 20 Jun 2013

Hi Lars,

Sorry that they put so many restrictions on you.
As these things irritate you, the buyer can bid with more confidence because they know when their cuffs arrive from Sweden, they can be sure they are to their liking or if not, have the ability to get their money back.

It stinks for the seller but in the long run, your item is more desirable to more people as they have so much protection. You probably got a few extra bucks than you would have elsewhere, without the built in protection.

Out of curiosity, what were you selling?

Mark
O--O

Captn Hook 20 Jun 2013

Imagine what you can do with 2-3 million dollars that you've kept from sellers.

Ebay is doing all they can to drive people away. I have NO bad feelings dealing outside ebay.

holstcollection 20 Jun 2013

Hi Mark,

You are also a long time eBay member. You have to agree that eBay was much funnier back in time, especially when you could see the bidders.

Over time eBay has changed to a giant money machine with the only aim to increase their own returns and profit and to find new ways in making money. eBay's explanation to why the seller funds are on hold to protect the buyer is nothing but BS.

Captn Hook is probably right on target. Now PayPal has access to a huge amount over a period of time. I don't think this rule is to protect the buyer, I think it's just a clever way to increase the return of investment as all money on hold is generating huge interest rate. Sellers with no sales in the past 90 days are forced to lend eBay money for nothing. Just imagne how much money is on hold and how much interest rate is generated, even at a very low interest rate. eBay and PayPal now can act like a bank.

The person on eBay who created this new "business model" probably got a really huge bonus and applause from the eBay management as this procedure has generated a new profit center that nobody thought about. Very smart indeed!

We are all free to have our opinions but I think eBay/PayPal has developed in a very bad way, especially from a seller's point of view. I have the same opinion about eBay as I have to large banks. The only thing they protect is their own return of investment and to minimize their own risks not the risk for their customers.

I will continue buying stuff on eBay as it's primary the seller who is the sucker in their new smart business model, not the buyer. Things I have for sale will probably go other ways than through eBay.

I sold a Boer War Plug 8 by RCS which I had in duplicate.

Lars

Maxwell 20 Jun 2013

Lars, Thanks for the "heads up".

Best regards.

Kevin Connolly 21 Jun 2013

What I hate is that in America you must use Ebay owned Paypal to pay for an item. This does not hold true in many countries and one can pay in many other forms of payment.

There used to be a law back in the day that any US curency printed or minted(not Confederate) must be accepted as tender when paying a bill. I wonder why no one has challenged this. I know Ebay is just trying to get another 3% from each transaction.

Yes, Ebay does suck.

holstcollection 21 Jun 2013

Thanks Maxwell and Kevin for your support!

Lars

Kevin Connolly 21 Jun 2013

No problem. There are sites all over about "Ebay Sucks". lol!

anonymous 21 Jun 2013

#10

I own a small business, and typically don't get paid for outstanding invoices for at least 30 - 45 days. And for my customers who pay with a credit card, the wait for the card company to pay is longer, plus they discount the payment!

Don't complain about a 21 day wait .........

Anonymous 21 Jun 2013

#11

now they have you hahaha

Dorson 22 Jun 2013

#12

My girlfriends son is teaching a webinar and used paypal so they could sign up a few weeks ago. They wanted to hold his $75,000 in money till sometime in September. Gave some bullshit excuse as to why. He refunded the money and went a different route. Basically paypal has now become a bank and is using your money at an interest free loan at will.

holstcollection 23 Jun 2013

#13

Dorson, you are completely right! PayPal is now a bank and its own profit center! The sellers are the contributors who are forced to lend their money for free.
The problem with eBay/PayPal is actually based on the outdated US bank system. As I understand, PayPal is also the payment system for domestic business and you are more or less forced to use PayPal and pay the transaction fee (3,4%).

You can imagine how much money eBay is making; first you pay for the listing, then a percentage of the sales price and finally they make money on your payment. The listing and sales percentage is fine with me, the payment commission and control of the fund is certainly not!

Within all European countries, members of the European Union, you can make a money transfer that cost about $1,50.
The transfer is easy to make and it normally takes only two days to get to the receivers bank account. This money transfer is made by logging in to your bank account on your banks website. Its easy and only takes a few minutes to complete. You only need the sellers bank information as IBAN and BIC.

For example:
IBAN: SE9560000007105949527953 (Your account in international number)
BIC: SWEDSESS (Your bank's international alias)

When selling from a European country to a buyer in Europe, money transfer is much better than PayPal as you don't have to pay an additional commission, the total cost for the buyer is only $1,50. There is no commission paid by the seller. This is the reason to why many eBay sellers in Europe don't accept PayPal. A European money transfer is quicker, cheaper and free of hustle.

If the US had the same modern bank system as we have in Europe, PayPal would die over night as it would be no longer needed. eBay would also lose the control to hold seller's funds as the payment is made out of their control, directly between the buyer and seller. The seller ships as soon the money has arrived and no funds has to be frozen. The seller's feedback is good enough to judge if the seller is thrust worthy or not.

Again; eBay and PayPal sucks!

Lars

Kevin Connolly 23 Jun 2013

#14

It's not that we the US can't transfers funds. The US Ebay memebers can't use anything but Paypal to pay for things.

Thankfully we don't have to pay VAT or other BS import taxes. yet!

Anonymous 23 Jun 2013

#15

Don't worry Kevin, as Obama, Reid, and Pelosi, are working very hard to ensure that we will be hit hard by a slew of new taxes so that they can "Spread the Wealth" .............

axylon 24 Jun 2013

#16

although ebay may have downsides, it certainly has made handcuff collecting easier. And has set a 'market judgement' on values.