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Topic: How do people sell credits?

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Subject: How do people sell credits?
Date Posted: 6/4/2010 11:35 AM ET
Member Since: 1/10/2009
Posts: 207
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How do people sell credits and have people pay for them into my PayPal account?

Date Posted: 6/4/2010 11:47 AM ET
Member Since: 6/26/2006
Posts: 2,584
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Normally, people with an excess of credits will create a post in the Book Bazzar forum, indicating they have credits to sell, and what price they would like for them.

After that, the interested parties will PM the person doing the selling to make arrangements to send payment.

Subject: I guess I don't know anything about PayPal...
Date Posted: 6/4/2010 11:58 AM ET
Member Since: 1/10/2009
Posts: 207
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I went to their web page and printed out "PayPal Invoicing" (how it works). I'm getting the picture.

How long does this process take?

Then when I get the payment into my Pay Pal account, I buddy the credits?

Sarah

Date Posted: 6/4/2010 1:18 PM ET
Member Since: 8/18/2005
Posts: 7,977
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How long does this process take?

It doesn't have to take long. You don't have to send them an invoice or anything to get your money into Paypal.

Post your offer, and when someone contacts you and agrees to the terms, you give them your account name (usually your email address) and they can go straight over and depost the money into your account. (They don't need your password so never give that out!)

It's been a while since I've done it, and there may be some Paypal fees if your'e signed up as a merchant.

But I just ask the other person to let me know by PM when they've paid, as it can take a while for Paypal to notify you. Then when I get the PM I run over and check to see that the money is there. Then run back here and Buddy them the credits. Then PM them to let them know I've done so.

I had some credits sold once where between posting the offer and sending the credits was only a couple of hours. If the other person is slow to respond or pay, then you'll have to wait on them.

Date Posted: 6/5/2010 8:16 PM ET
Member Since: 9/11/2005
Posts: 905
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It works very well and I've sold several thousand of them, though the prices have gone down such that you can not get what it costs to get the credits anymore. Pay Pal works well, and there are apparently two kinds of PP payments, some of which get a cut removed by PP and some not---I've never figured out how to tell which payment is which, though.   I've sold a bunch of them with check payments, too, or money orders (and even cash in the mail sometimes.)  I wait until the checks arrive, but not until the checks clear before I transfer the credits. 

Lately I have been offering 2 for 1 on my book shelf, too , to sweeten the deal.  Some like that a lot, though not everybody..

Date Posted: 6/5/2010 10:38 PM ET
Member Since: 2/26/2006
Posts: 34,879
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When someone makes a payment to Paypal, if they mark it "personal", a fee won't be removed.

Date Posted: 6/6/2010 12:23 AM ET
Member Since: 6/26/2006
Posts: 2,584
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But, if it's marked personal, you give up your rights to dispute the payment if there is ever a problem.

So, just make sure you're comfortable with that, before sending a personal payment.

Date Posted: 6/10/2010 11:42 PM ET
Member Since: 9/11/2005
Posts: 905
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I guess the reputation of the seller is the key.  As I said, I've sold several thousand of them so far.  I'm very glad to hear about that feature on PP and I'll probably request that they do that next time.  I wasn't aware of that feature of PP.

I have a bunch for sale at the moment, too---send me a note if anybody is interested.

Subject: credits
Date Posted: 6/13/2010 5:55 AM ET
Member Since: 2/3/2010
Posts: 13
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How much are your credits sell for??- Betty

Date Posted: 6/13/2010 9:32 PM ET
Member Since: 12/9/2007
Posts: 9,601
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I have to agree with Winston about the reputation of the seller.  I found there were several people I know about from seeing them on the forums. This time I bought from someone who was recommended to me by a friend.  And it worked out great.  It was really fast.  It took less than 20 min today. 

And I've done trades with Winston and he's great to work with.  He's pretty well-known on PBS.

Ruth

Date Posted: 6/13/2010 9:41 PM ET
Member Since: 6/25/2006
Posts: 382
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if you send money via paypal check off gift then there should be no fees