[Milsurplus] Re: Money Orders

[WA5CAB at cs.com]

I agree with what Barry says, except one minor correction.  If you ask PayPal 
to send you a check, they charge a fee.  If you ask for a direct electronic 
funds transfer to a bank account, there is no fee involved.

In a message dated 5/24/2007 10:17:24 AM Central Standard Time, 
barry at hausernet.com writes: 
> Scott (and gang)
> 
> While you've sold a lot with the MO requirement -- it's what you _don't_ 
> see ...
> 
> MO /certified check auctions generally pull lower and fewer bids and are 
> missing some of the high bids that would be placed when paypal is 
> offered.  At least two reasons -- yes, one is the convenience -- but the 
> other is -- cash on hand.  Someone may be willing to bid well higher -- 
> but doesn't have the cash for a money order or cashier's check.  They 
> might be able to write one of those credit card cash advance checks, if 
> personal checks are acceptable, but not likely.  For a while, Western 
> Union MO's could be purchased by CC, but not for some time.  Bidpay was 
> expensive, but closed down and then re-started with new owners, with 
> some totally different cash transfer scheme -- not WU MO's.
> 
> I often see something of interest with a MO/Certified Check requirement 
> and pass on it.  I'm not the only one.  Just compare bid histories of 
> similar items where paypal was offered vs. not.  Oh yeah, they charge 
> the seller 2.9% plus a 30 cent transaction charge, and maybe $1.50 to 
> transfer balances into a bank account (if necessary), but that's per 
> transfer, not per transaction.  My estimate -- paypal auctions pull 
> 20-50% higher than MO/Personal check ones, maybe often more so compared 
> to MO/Certified Check offerings.
> 
> It's all in the missing bids and the amount of the bids.  No they won't 
> complain -- just bid according to cash available or pass it by 
> altogether.  It's what you don't see... so there's no way to directly 
> see what "clearly did not inhibit people..."  You can get some idea by 
> comparing bid histories on closed auctions for similar/same items 
> offered with/without personal check/paypal options, etc. So, if you're 
> not interested in bids from the paypal "high rollers", then be sure to 
> stay the course.  No, I don't own stock in ebay/paypal ;-) But, look, if 
> you're happy with what you're getting and not aware of anything missing, 
> well that's OK too.
> 
> Barry
> 
> 
> 
> 
> Scott Schappert wrote:
> >I think everyone is very busy.  I have sold on eBay and demand a bank
> >draft / money order; no one has ever complained, and clearly did not
> >inhibit people from bidding on and purchasing $1,000.00-$2,000.00 items.
> >I have also stood happily in a bank line and put my life on hold to get
> >a bank draft / money order to send to another eBay seller to acquire
> >something that I want.  I have had opportunities to acquire things that
> >I would roll pennies and (pay to) send them overnight to a seller for.
> >
> >I have never had problems sending or receiving money orders.  It's all a
> >balance, and a trust issue.
> >
> >To ridicule an idea is an opinion only and does not by any means reflect
> >anyone else's opinion.  How incredibly trivial.
> >
> 

Robert & Susan Downs - Houston
<http://www.wa5cab.com> (Web Store)
MVPA 9480
<wa5cab at cs.com> (Primary email)
<wa5cab at houston.rr.com> (Backup email)
   
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