* Update! * Sorry, but the numbers I quoted above are no longer accurate. I just sold something today and, evidently, Pay Pal felt they needed a larger portion of the take and their percentage is now
4.3% - a more than 34% increase! Bastards...
So, how does that affect my example? Here ya go...
--------------------------------------------
Take an amp that you sell on eBay for $900. You then get an additional $100 to ship it. Here's what happens:
eBay takes 10% of the
gross (so $100)
Pay Pal takes 4.3% of the
gross (so $43)
The shipper takes $108 (because, after proper double boxing and insurance, it ALWAYS seems to cost more than you get).
Total you got from the buyer: $1,000
Total you don't get to keep: $251
Net proceeds: $749
--------------------------------------------
Pretty soon it will be "Send what you want to sell to eBay and we'll keep whatever we can get for it."