The Chip Board
Custom Search
   


The Chip Board Archive 17

GREAT site for sellers re: eBay-PayPal,BidPay fees

I just found this great site. All sellers on eBay should bookmark and study the site:
http://www.ebcalc.com/

There are great tools on the site. If you click the "Help" link, which is near the top of their home page, you get to this page which is like a site map/Table of Contents with links to all the features of the site. There are pages to explain all of the ebay fees and PayPal, eBay stores, special and esoteric eBay auctions and features. This is that "Help" page:
http://www.ebcalc.com/help/index.html

I don't know all the features; I just started reading it. I'll show the neat things I found by some examples. (If you are into this and are double checking the calculations, remember that eBay does NOT charge a fee on the shipping and handling charges, but PayPal does.) I suggest you print this page so you can more easily follow my examples at the eBCalc web site.

_______________________________

AUCTION

Go to this page:
http://www.ebcalc.com/
Click the Gallery box near the left side of the page (you would always want a Gallery photo in your auctions).
Then on the right side: type in 20 for "opening bid," 70 for "closing bid" (what you expect the auction to go to), 3 for "S&H [shipping and handling] charged," and 3 for "Actual S&H." Then click "Calculate" (there are two calculate buttons; click the top one). The results show the eBay and PayPal fees itemized, the total fee of $6.15 and the net you walk away with, $63.85. This is very enlightening. I bet most sellers don't think enough about these fees. By doing the above, you see that eBay and PayPal are taking about 9% of the closing bid price.

Now leave the the figures on that web page in place. Type 35 in the "Cost To Acquire" box (I am assuming you paid $35 for the chip). Click that same "Calculate" button. $28.85 is shown, which is your net profit on the auction (including the cost of the chip factored in).

Again, leave the numbers in place. Look at the lower right boxes. Let's say you are unhappy with the $28.85 and the fees that you pay eBay-PayPal. Say you want $30.00 profit. You type 30 in the Desired Net Profit box. Then click the lower "Calculate" box. Up pops $4.18 in the "S&H To Charge" box. That means that if you raised the S&H Charged from $3.00 to $4.18 and received the same $70.00 closing bid, you'd make a net profit of exactly $30.00. That is easy to demonstrate. Look upward on the page and put $4.18 (instead of $3.00) in the "S&H Charged" box. Click the upper "Calculate" button. Presto! $30.00 appears in the "Net Profit" box.

Finally, (buyers should hate this) there is a way for sellers to "make" buyers pay all of the sellers' eBay, PayPal and shipping fees! Say that you are doing a buy-it-now auction for $100 and the actual shipping is $8.10. Go to the form we have been using (you could click the "Clear" buttons):
http://www.ebcalc.com/
Under "Type of Auction." select "Fixed Price Auction." (For this example, let the Gallery box on the left be UNCHECKED.) For "Opening Bid" type 100. For "Actual S&H" type 8.10. Then click the upper "Calculate" button. Presto! All the fees are shown and $17.97 appears in the "S&H Charged" box. The numbers mean that to net $100 in an eBay-PayPal setting, you would have to sell the item for $100 plus collect $17.97 for S&H, and then ship it for $8.10.
___________________________________________

PayPal fees

Go to this page:
http://www.ppcalc.com/

This page is pretty simple. It shows you the fees PayPal charges:
For example, $100 received in a Business PayPal account costs you $3.20 in fees.

The page also shows how much to ask a buyer if you don't want to pay any PayPal fees, in effect. Say you want $100 net for something. You type in 100 in the "For you to get this amount after fees" box. Then click "Calculate." $103.30 pops up. That is the amount someone would have to send to your Business PayPal account for you to receive $100 net.

___________________________________________________

BidPay

Click this link:
http://www.ppcalc.com/bidpay_fee_calculator.html

That is the BidPay page (I suggest you add BidPay to all your auctions, along with PayPal if you like. It costs you nothing and the BidPay people automatically add the BidPay logo/Buyer link to your auctions. You do no work. The proceeds are automatically credited to your bank account. In many ways BidPay is better than PayPal. The fees are less, the service is better, and there is no fear of charge-backs, in effect.)

Type 100 in the "Payment Amount" box. Click the upper "Calculate" button. Presto! You see the BidPay and the PayPal fees. The BidPay fees here are 76% of the PayPal fees. And BidPay seems to be a nicer company. PayPal and eBay are (too) extremely buyer-friendly vis a vis sellers.

__________________________________________

Robert

Messages In This Thread

GREAT site for sellers re: eBay-PayPal,BidPay fees
Re: GREAT site for sellers re: eBay-PayPal,BidPay
Re: GREAT site for sellers re: eBay-PayPal,BidPay
Re: GREAT site for sellers re: eBay-PayPal,BidPay

Copyright 2022 David Spragg