Payment at card shows?

[Duluth Eskimo]

Originally Posted by GasHouseGang

You can mock anyone you want, but a lot of dealers have regular jobs, or just deal in the cards for fun on weekends. Having someone bounce a check on you for the best card in your collection could really hurt. Cash is also used at most other types of sales to avoid having to collect sales tax. I've had dealers tell me they would give me a better price if I pay cash.

+++++1386. Everything is simple when their money is not at risk. They treat all dealers like they're supposed to be set up like Target or something. Most people do this for the enjoyment, not to be big timed by people that don't have the $ for their purchases. As someone said before, there are NO fees on PayPal F&F which protects the seller against charge backs. Once again, money talks and bullshit walks.

[vthobby]

Throw_Money.jpg

Peace, Mike

[AGuinness]

To read some people take the "my way or the highway" approach is disappointing and seems a parallel to the debate these days about players showing emotion on the field, with the old timers lamenting these young whipper snappers.

In the end, for buyers AND sellers, the more options you can offer when it comes to buying (whether as the buyer or seller), the more opportunities there will be for sales.

I'd only hope that sellers would understand that not everybody walks around with large sums of cash, much less medium sums, and that any potential sale could help foster the baseball card community and the passion of a collector.

[Rich Klein]

I actually had at the last show some customer breathe a sigh of relief when I told him I would take pay pal f and f. He had enough on his to pay but believe it or not, he never thought of Pay pal as an option to pay at a show. Yes, many buyers do believe cash is the only way.

Matt; We'll talk about your CC later.

Rich

[vintagetoppsguy]

There have been a few dealers come forth saying they accept PP at shows. This is just as easy for a buyer to dispute as a credit card charge. If a dealer accepts PP at a show, there is no proof that the merchandise actually exchanged hands. With an eBay order or online order, there is delivery (or signature) confirmation that shows the buyer received the item. In person, at a show, there is no proof that the buyer received the item. All they have to do is file a dispute with PayPal and say they never received it and there is actually no proof that they did. PP F&F is even easier to dispute. All they have to say is that they sent it to the wrong person. If you're a dealer and choose to ignore this, then that's on you. That said, I wouldn't worry about smaller purchases, but I would never take PP or CC at a show for a $6K card.

For buyers that can't understand why some dealers don't take CCs, PP, or other forms of payment, a charge back is a huge hit on a $6K purchase. For the dealer that operates on a 10% profit margin, he has to sell $60K worth of inventory just to break even on that loss. If he operates on a 20% profit margin, he has to sell $30K. And so on, but hopefully you get the point. Why would a dealer make themselves vulnerable like that? Makes no sense. It’s easier just to not take those forms of payment. Are the dealers going to lose some sales? Absolutely. But there will always, always, always be another buyer right behind the other one that’s willing to pay cash.

If you still can't understand it, think of it this way. If you were to lose your wallet, would you rather it contain $6K cash, or a credit card with a $6K available credit limit? Of course you would say the credit card, right? Why? Because you wouldn't be responsible for any fraudulent charges. You would just dispute them. On the other hand if you lose a wallet with $6K cash, you'll likely never see that again. If you understand this simple concept, then how in the world can you blame a dealer for not accepting a $6K credit card charge and leave himself vulnerable to a charge back?

[Laxcat]

As an addition. If you want to haggle price it HAS to be a cash payment.

[packs]

How prevalent do you think charge backs are though? I certainly agree it's a possible issue, but I'm not sure if it's something that happens a lot. I ring my card up all day and I never consider calling my CC company and disputing a charge. I'm sure someone somewhere does, but is it a practical concern?

[AGuinness]

Originally Posted by vintagetoppsguy

If you understand this simple concept, then how in the world can you blame a dealer for not accepting a $6K credit card charge and leave himself vulnerable to a charge back?

I understand this concept, but your argument seems to indicate that the seller should take on all the risk. EVERYONE takes a risk in any transaction, and we all know the inherent risks in collectibles, including forgeries, alterations, etc.

I'd turn your question around... how in the world can you blame a buyer for not wanting to pay with $6,000 in cash and leaving him or herself no recourse if they were to get scammed?

That's not to mention the risk for the seller to be given counterfeit currency. Nothing is foolproof.

Quora.com notes the rate of chargebacks is less than .1 percent for transactions where the card is present. Based on that, making a decision to not process cards at shows for the fear of a chargeback is like not going on a tropical vacation because you're afraid of flying. Ill informed at best.

The larger antagonistic attitude on this issue also hits home how I've felt at some card shops and with some sellers at shows. I'll never be the person with $6k in my pocket or in my checking account to spend at a show, but I would hope that purchases of any level would be welcome and that sellers would want to work with me on making a sale happen. The "my way or the highway" attitude is counterproductive and those sellers could use a reminder that they potentially aren't just turning away one sale, but perhaps repeat business. Sure, you might sell that $6,000 to another willing buyer, but you also might have lost many thousands more by not working with the first one.

[vintagetoppsguy]

Originally Posted by AGuinness

I'd turn your question around... how in the world can you blame a buyer for not wanting to pay with $6,000 in cash and leaving him or herself no recourse if they were to get scammed?

That's not to mention the risk for the seller to be given counterfeit currency. Nothing is foolproof.

How would the buyer get scammed? Don't dealers allow a potential buyer to inspect a card before they buy it? Certainly they do. It's up to the buyer to do their homework before purchasing a card in person.

And counterfeit currency? OK, you're really grasping for straws now. They sell these at Sam's which pretty much eliminates the risk of the seller accepting counterfeit currency...

http://www.samsclub.com/sams/sharpie...prod4960410.ip

[Beastmode]

Originally Posted by AGuinness

I understand this concept, but your argument seems to indicate that the seller should take on all the risk. EVERYONE takes a risk in any transaction, and we all know the inherent risks in collectibles, including forgeries, alterations, etc.

I'd turn your question around... how in the world can you blame a buyer for not wanting to pay with $6,000 in cash and leaving him or herself no recourse if they were to get scammed?

That's not to mention the risk for the seller to be given counterfeit currency. Nothing is foolproof.

Quora.com notes the rate of chargebacks is less than .1 percent for transactions where the card is present. Based on that, making a decision to not process cards at shows for the fear of a chargeback is like not going on a tropical vacation because you're afraid of flying. Ill informed at best.

The larger antagonistic attitude on this issue also hits home how I've felt at some card shops and with some sellers at shows. I'll never be the person with $6k in my pocket or in my checking account to spend at a show, but I would hope that purchases of any level would be welcome and that sellers would want to work with me on making a sale happen. The "my way or the highway" attitude is counterproductive and those sellers could use a reminder that they potentially aren't just turning away one sale, but perhaps repeat business. Sure, you might sell that $6,000 to another willing buyer, but you also might have lost many thousands more by not working with the first one.

+1 very well written and 100% agree