RE: Auction Payments...or, PayPal vs. Money Order/Cashiers Check

  • From: "Chuck Warman" <cpwcpa@xxxxxx>
  • To: <fptalk@xxxxxxxxxxxxx>
  • Date: Wed, 3 May 2006 09:48:47 -0500

From the discussion so far, it's clear that a substantial number of
potential bidders either won't bid if the seller doesn't accept PayPal, or
will bid higher on items offered by sellers who *do* accept PayPal.  I
thought Steve's comment was particularly instructive, and echoes my own
position: "If I have to leave my computer to pay, I generally won't bid."

Combine this with the obvious (I think) fact that a seller's money order /
cashier's check requirement, or a 10-day hold on personal checks, offers
zero benefits to a potential buyer, but merely adds another annoying hassle
factor; and I think it's an inescapable conclusion that sellers who don't
accept PayPal are costing themselves money - *real* money if they're volume
sellers, in all likelihood much more than the PayPal fees they must absorb.

Chuck


> -----Original Message-----
> From: fptalk-bounce@xxxxxxxxxxxxx 
> [mailto:fptalk-bounce@xxxxxxxxxxxxx] On Behalf Of Karen
> Sent: 05/03/2006 9:12 AM
> To: fptalk@xxxxxxxxxxxxx
> Subject: Re: Auction Payments...or, PayPal vs. Money 
> Order/Cashiers Check
> 
> 
> I sure like it as a buyer, especially in regards to buying 
> overseas. I did a check/money order deal with a guy in France 
> and it was really a pain. We were both frustrated by the end 
> and spent more money than the object should have been. If I 
> *really* wanted something, I would do check/money order I 
> guess, but it is actually one of the things I look for at 
> auction. If they don't accept paypal, I probably won't bid on it.
> 
> 
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