Auction Houses that accept PayPal and/or credit cards

[4815162342]

Understandable Leon. What if you could raise the BP to 16% for PayPal/cc customers, and keep it at 12.5 for check/money order customers? Or is the hassle (chargebacks, etc) just too much?

[D. Bergin]

I can understand auction houses working on a commission, not wanting to take CC's for fear of chargebacks.

Especially since, a chargeback would usually happen after a consignor has already been paid.

Take Leon for example, with his 12.5% buyers premium. He sells a $500 card at auction. He collects $562.50 from the buyer. He pays the consignor their 500 bucks. Two months later he gets a chargeback for the full $562.50 amount.

He's now out $1062.50. That's a rough cost of doing business.

I just got chargeback notice from Paypal for an Ebay sale from 2 months ago, for about $36 bucks. Item shows delivered on November 29th. They went through their credit card company and claimed "Unauthorized Use".

If it holds up, they don't even need to send the item back. Just claim somebody else used their card, even though it was delivered to their Paypal address.

[Leon]

Originally Posted by 4815162342

Understandable Leon. What if you could raise the BP to 16% for PayPal/cc customers, and keep it at 12.5 for check/money order customers? Or is the hassle (chargebacks, etc) just too much?

I am a partner in a company and my partner is more against raising any fees than I am "for" taking other payment options. I admit I like paying with Paypal....but given a choice of paypal or saving 3%, just tell me where to send the check . There are a few reasons we don't take those pay options and I think I stated them pretty well, but it's a fair question to ask.

In our new world of instant gratification we are still old school and happy. We have discussed it many times but never came to the conclusion of doing it.

[vintagetoppsguy]

Originally Posted by Leon

I am a partner in a company and my partner is more against raising any fees than I am "for" taking other payment options. I admit I like paying with Paypal....but given a choice of paypal or saving 3%, just tell me where to send the check . There are a few reasons we don't take those pay options and I think I stated them pretty well, but it's a fair question to ask.

In our new world of instant gratification we are still old school and happy. We have discussed it many times but never came to the conclusion of doing it.

If you could only get rid of that sales tax for us Texas residents.

[Leon]

Originally Posted by vintagetoppsguy

If you could only get rid of that sales tax for us Texas residents.

On a big enough item a cousin could buy it from out of state....if they collected those kind of items of course . It would only make sense on a larger ticket item though..

[Cardboard Junkie]

Is it just me, or is using credit to purchase baseball cards a bad idea?

[whiteymet]

I often offer to pay via paypal family and friends so they have no fees. Don't know if it is "kosher" or not.

Some AH are OK with it, others not. Never understood why they wouldn't accept. They get their $$ faster, and I get my winnings sooner. Makes sense to me.

[barrysloate]

Nearly all auction houses consider all sales to be final. Few offer a return privilege. If buyers used credit cards, there would be a lot of returns, with the credit card companies typically standing behind them. I know in most businesses allowing a return is a good policy, but I don't think too many auction houses would go for that.