Ebay - rules and regs

[Cleggy the Spyder Man]

Ayup peeps

Got an item on ebay with a buy it now price of 1250

A potential buyer has messaged me and agreed a price of 1250 - however he has asked me to accept his bid of 620, I was expecting him just to checkout with the buy it now price

Is he trying to avoid fees for me and him - could it be a con? - could it be ebay checking to make sure the are no fraudulant transactions going through?

what you reckon peeps - I dont wanna get ripped off and I dont want to endanger my ebay account either

[langy]

Take the 'deposit' and remainder cash on collection, or, contact him direct, withdraw the ad and avoid ebay / paypal fees.

[pete g]

what fees does  he save

you maybe would ,sounds dodgy to me

why not get him to send cheque and withdraw item from ebay

[Tim Reid]

...he has asked me to accept his bid of 620, I was expecting him just to checkout with the buy it now price

Sounds dodgy.

If you accept a bid of £620 legally he only has to pay £620 for the item.

The buyer will have no fees to pay so it doesn't make any difference to him if he pays £10 or £10,000 unless he pays by postal order. Only the seller pays fees (ebay and paypal).

I wouldn't recommend ending the auction and selling outside as you have so much to risk but I have done this a number of times successfully. Just make 100% sure the buyer is genuine and there is no risk to you.. i.e. cleared funds on collection or cleared funds before sending.

[peterg]

If you have time left on the auction, tell him to bring all the cash with him and then if it's all OK end the auction and save on the Paypal and final value fees    

[JeffC]

from my experience if a buyer will pay your buy it now price he will pay more in auction  

if you are accepting his buy it now let the auction run untill you get a deposit via paypal then end auction early (dont sell to highest bidder ) and this avoids paying selling fees and then accept payment on collection.

[Mark (smokey mow)]

All sounds a bit dodgy to me and I wouldn't do it.  There is no financial benift to the buyer if you accept the 620 as it is you that has to pay all the paypal and ebay fees.  if he uses the buy-it-now at 1250 then there is no reason at checkout why he cant pay 620 by paypal and the remaining sum as cash on collection.

As said above, if you accept 620 through the auction then legally that's all he has to pay for it and you wont have any comeback for the rest of your money.

[Mark (smokey mow)]

Just had a look and I assume we're talking about your citroen here?

I notice that you originally listed it with a BIN of £1250 and a reserve of £500.  As people have been bidding on it up to £620 the reserve has now been met and the option for people to Buy-it-now is therefore removed by ebay.  The only way you can sell this now is to either let the aucton run to the end and hope that bidding goes over £1250 or alternatively agree a sale outside of ebay and withdraw the car from auction.

With 3 days left to go I'd let the auction run, from experience most bidding activity takes place on the last day and it's already got some interest early in the sale.

[Hammy]

The benefit to the payer is probably lower paypal fees - paypal charge a % of moving money to you, so the more he can pay in cash the less he pays.  

look here

[Mark (smokey mow)]

The benefit to the payer is probably lower paypal fees - paypal charge a % of moving money to you, so the more he can pay in cash the less he pays.  

look here

It is the seller that pays all the fees.  If the item sells for £1250 then that is the figure which the buyer pays as it is against ebay rules to charge extra for an item if paying through paypal.  All fees are then deducted by payapl and Cleggy would pocket around £1213 after deductions.

[Danp07]

Its only the seller that pays fees, not the buyer.

[Danp07]

Whoops too slow.

[Cleggy the Spyder Man]

umm - still not sure what to do

will have a chat with HQ when I get home tonight, she is the ebay meastro

[Bananaman]

Don't accept his bid, if he wants to buy off site then thats fine, get him to send/bring money B4 end of sale or let sale run its course!

[Hammy]

Bu**er sounded so right when I typed it too.