Do not list "Buy It Now" items early on the 8th! Leave it until the evening or pay 6p extra and have it scheduled later that day. This should remove the chance of buyers buying on the 8th and sending payment on that day as well. Here's why it's important that they don't pay you via Paypal until the day after...
This will make for some interesting discussion, I posted this back in the last thread when eBay had a cheap listing day and now the following is more relevant than ever...
Received an email from Paypal on 13th June 2008 with the following extract..
Paypal:
Effective from 9 July 2008, PayPal will change its fee structure to make it more attractive for our UK customers to send personal payments. We are pleased to announce that:
1) PayPal will not charge a recipient (regardless of their account type) of a PayPal payment if that payment was funded by the sender's bank account or PayPal balance and it is designated a Personal Payment
2) PayPal will apply a fee for payments received for Personal Payments or Commercial Payments if such a payment is funded by a credit or debit card, however for Personal Payments funded by a card, the sender will have the option of paying the fees for that payment
3) Also, PayPal will no longer require its customers to upgrade from a Personal Account to a Premier or Business Account once it has received a total of £250
For 1) Thank god the payment options default to bank funded and so all those that rush through the Paypal checkout will end up sending money that doesn't get taxed to hell and back once the seller receives it!
No more losing 3.4% + 20p of the incoming money
For 2) where it says the
sender has the
option of paying the fees that the receipient would normally incur; I can't really see anyone wishing to voluntarily pay 3.4% + 20p on top of what they're already paying. Ok, for low amounts of money that percentage might not be much but once you get into the hundreds that percentage works out to be a sizeable amount of extra money. Nice try Paypal but no buyers are going to fall for this one
Now, the important part. Do you go for the cheaper listing fee on the 8th, or wait a day and then
not get charged fees on receiving money via Paypal? The answer is obvious, I hope
