Silly question?

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  1. #1
    Member bigbuddhayo's Avatar
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    Question Silly question?

    So when we are buying or selling a watch, and the ad reads: blah blah blah, $xxx.xx shipped conus, paymeny via paypal, "no fees".

    I'm just a little confused on the " no fees " portion of this statement? I hate to sound ignorant, but please help a brotha out! :thanks


    -Sean

  2. #2
    Member Snowback's Avatar
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    Re: Silly question?

    Quote Originally Posted by bigbuddhayo View Post
    So when we are buying or selling a watch, and the ad reads: blah blah blah, $xxx.xx shipped conus, payment via paypal, "no fees".

    I'm just a little confused on the " no fees " portion of this statement? I hate to sound ignorant, but please help a brotha out! :thanks


    -Sean
    PayPal charges a fee to the seller (3% of the total for cash sales; not sure what they charge for credit card transactions). So for a $100.00 sale, PayPal takes $3.00 as a "handling" fee & the seller gets $97.00. When a seller says "no fees", he/she is saying that they will eat the PayPal fee. This usually means that they have factored in the fees with their price of the sale.

  3. #3
    Member bigbuddhayo's Avatar
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    Re: Silly question?

    Yep, Thats pretty much what I figured! Just wanted to make sure, cause I know paypal charges their 3% gig and was sure that there is no way to not get charged that "fee".

    Thanks again!

    -Sean

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  5. #4
    stuffler,mike
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    Re: Silly question?

    Moved to Public Forum.

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