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Topic: Limit on Purchasing Credits

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Subject: Limit on Purchasing Credits
Date Posted: 12/29/2008 5:33 PM ET
Member Since: 8/11/2007
Posts: 1,807
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Has there always been a limit on purchasing credits, or is this something new?  I noticed the other day when I bought some, I could only purchase a max of 5.  So today I tried to purchase some more, and it said I wasn't allowed to, because I was only allowed 30 per month. 

It also advised me to post more books to enable me to obtain credits that way.  Well, I already have 245 books on my bookshelf, can I help it if nobody wants them?  :)

Date Posted: 12/29/2008 5:44 PM ET
Member Since: 11/13/2005
Posts: 510
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The limit hasn't always been there, but it isn't particularly new either.

Date Posted: 12/29/2008 5:48 PM ET
Member Since: 8/16/2007
Posts: 15,185
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I'd say its probably 6-8 months ago they changed it.  I don't think the limit applies to any transactions in the Book Bazaar, and its cheaper there. There is always someone selling some for $3 or less.

Date Posted: 12/29/2008 5:54 PM ET
Member Since: 8/11/2007
Posts: 1,807
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That's weird, because I purchase credits all the time and have never had a limit.  Maybe I've just never tried to purchase over 30 in a month before.

Date Posted: 12/29/2008 7:42 PM ET
Member Since: 6/4/2007
Posts: 2,941
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It's been since Spring, I believe.  It had to do with the balance of credits and books in the system.  The site has it's own "economy" based on books and credits, and I'm sure it's more than a handful for TPTB to keep track (I sure as heck couldn't pull it off).  At any rate, I remember finding out the hard way myself, so I can relate.  On the upside, the month's over by Thursday, and you'll be able to buy 30 more credits then :)

Date Posted: 12/29/2008 7:47 PM ET
Member Since: 8/18/2005
Posts: 7,977
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Last Edited on: 5/20/10 3:01 PM ET - Total times edited: 2
Date Posted: 12/29/2008 9:11 PM ET
Member Since: 8/19/2007
Posts: 4,218
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I've sold 50 credits at one time and never had any problem, but did it through the book bazaar.  Pat

Date Posted: 12/29/2008 10:00 PM ET
Member Since: 7/7/2007
Posts: 4,815
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Per the Help Center:

<<There is a limit of 30 purchased credits per month, per account.  Purchased credits are "unbacked" credits, and we need to limit the number we issue to keep our taxes and required escrow under control.>>

Cheers,

Catt

 

Date Posted: 12/29/2008 11:08 PM ET
Member Since: 8/11/2007
Posts: 1,807
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James - a couple more days is exactly what I was thinking LOL.

I was going through the kiosk when trying to buy, so I'm sure it has nothing to do with buying in the book bazaar.  Don't know why I never think to go there first.  :)

Date Posted: 12/29/2008 11:14 PM ET
Member Since: 5/10/2005
Posts: 2,350
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They are cheaper in the BB and better for the site (I think--at least, they don't have to deal with credit imbalances or similar).    The only drawback is it might take a little bit for whoever you buy from to respond if they aren't online right then.



Last Edited on: 12/29/08 11:14 PM ET - Total times edited: 1
Date Posted: 12/30/2008 12:31 AM ET
Member Since: 10/2/2007
Posts: 10,280
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When/if purchasing credits from a member on the BB forum, does one have to have a Paypal account?

Okay.....after I typed that I checked out the help center and see that the person offering credits for sale can set the terms.  I'm curious....does anyone buy credits any other way than through paypal payments?   And if so, has anyone encountered any problems doing this?



Last Edited on: 12/30/08 12:44 AM ET - Total times edited: 1
Date Posted: 12/30/2008 2:40 AM ET
Member Since: 8/25/2007
Posts: 13,134
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Well, I already have 245 books on my bookshelf, can I help it if nobody wants them?  :)

Sounds like it's time for you to post a 3-for-1 or something similar deal in BB.  That might move some of those and also get you some credits.  :-)

Date Posted: 12/30/2008 3:12 AM ET
Member Since: 11/6/2008
Posts: 110
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Why does anyone need more than 30 credits per month?  I find it hard to believe someone can read more than 30 books per month.

 

Date Posted: 12/30/2008 4:48 AM ET
Member Since: 8/11/2007
Posts: 1,807
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I didn't say I READ 30 books a month, I said I bought 30 credits.  I tend to buy a whole lot more than I can possibly read in this lifetime.  It's an addiction, I know. 

Date Posted: 12/30/2008 6:32 AM ET
Member Since: 12/21/2007
Posts: 1,642
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Becki:

 

I had someone ask to purchase credits from me using a money order.

The only drawback I see for the purchaser with that method is that the purchaser will have to wait until the person receives the money order in the mail.

Also many people who do use paypal only want cash funded paypal, because otherwise the fee associated with the transaction eats up some of the money plus if you are a free account holder at paypal you are only allowed so many credit card transactions per year ( I think it's 5).

Date Posted: 12/30/2008 9:24 AM ET
Member Since: 8/25/2007
Posts: 13,134
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I find it hard to believe someone can read more than 30 books per month.

Why?  I can easily read 2 books per evening after I get home from work, and 3-5 books per day on the weekends.  You do the math and see that could mean well over 30 books read per month. 

Date Posted: 12/30/2008 9:52 AM ET
Member Since: 8/23/2007
Posts: 26,510
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I think it's better for people to buy credits from other members. It's less work for PBS.  I don't think they make anything on the credits they sell because they have to back it up with a book or the cash equivelent.  Like someone else said: when you buy from another member the books have already been put into the system.  The credits are just transferring from one person to another.  I've sold credits a few times to offset postage costs.  I had been hording books for a long time when I joined and most were WL including a lot of audios at 2 credits each.  Selling credits helped pay the postage.

I couldn't imagine anyone needing 30 credits a month either until Aug when I had close to 30 WL books offers.  I had probably 20 in Sept. And I usually read 2-3 books a week.   I actually put my account on hold.  Luckily I had been stockpiling credits for a while.  But I was almost regretting having sold the last batch of credits that I did. 

Personally I don't think I'd ever buy credits. I'd just put my account on hold until I read some WL books and earned some. I don't let myself go below a certain # anyway to cover WL offers. 

If you have that many books that aren't moving it's time to offer a deal. I had good luck with just putting a 2 for 1 in my signature with some unpostables. I would try that or a 2 or 3 for 1 in the bazaar to earn soem credits and get rid of some books.  t

Date Posted: 12/30/2008 12:18 PM ET
Member Since: 8/19/2007
Posts: 4,218
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I sell credits all the time and don't have a paypal account.  I've never had any problem with people sending checks or money orders.  Pat

Date Posted: 12/30/2008 12:25 PM ET
Member Since: 8/9/2007
Posts: 4,058
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I used to buy credits, but I haven't needed to since I started running specials.  I suppose it balances out, because postage costs significantly less when you mail your books in multiples, so you don't have to get a credit for every single one of them in order to cover your postage costs.  Specials also help with moving books that have a lot of copies in the system.  It doesn't matter so much if your copy of whatever book is #50 in the FIFO line, if you give members some incentive to order it from your shelf.  If you have a lot of popular bestselling titles that tend to have a lot of copies in the system, specials work well because people can get more than one book in a single order, and get more for their credits at the same time.  You can't underestimate that as an ordering incentive.  Whenever I want to try a new author, I always check the BB for specials first.  I used to run 2 for 1 deals, but I was mailing every day and had so many credits I couldn't use them all.  I slowed that back to 3 for 2, and it keeps me in enough credits to cover my WL offers and I'm not mailing more than twice a week.

Date Posted: 12/30/2008 2:18 PM ET
Member Since: 1/19/2006
Posts: 472
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Buying credits though BB is really an entirely seperate issue of buying them through site.  When you buy them through BB credits backed by books are just being "moved around" the system.  PBS (more accurately the IRS) doesn't really care who has the credits, just that they are real credits backed by books.  That is just moving things around the PBS economy.

Buying credits from the Kiosk from PBS is adding new unbacked credits to the PBS economy (which the IRS does care about).  So there do need to be some controls or monitoring of it.  It's kind of like the ability to print money.

PBS is kind of like an economy and the PBS staff is like the Central Bank (the Federal Reserve Bank in the US).  They need to control the supply of credits to books just like a Central Bank controls the money supply.  Besides the tax and esgrow issues. they want to avoid inflation or a devaluing of credits.  That's one reason that people are prevented from asking for more than one credit per book (2 credits for audio book).  If you are an economics geek like me this is a fascinating little economy we've got running here.

Some of us are bargin shoppers (i.e. those who look for deals) and some of us aren't.  We just want the books we want without thinking we might find others we want.  (I need no temptation to bring in extra books to my house.)  Some of us have a higher tolerance for risk and less of a need for immediate gratifcation than others so they will buy credits from the BB.  Others like me only buy credits rarely if we are in a wishlish crunch and want the credits right that second so we buy them from the Kiosk.  The whole range of consumer beahvior is represented here.

Date Posted: 12/30/2008 5:46 PM ET
Member Since: 8/18/2005
Posts: 7,977
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Last Edited on: 5/20/10 3:00 PM ET - Total times edited: 1
Date Posted: 1/1/2009 2:15 AM ET
Member Since: 1/15/2008
Posts: 1,748
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Kim,

I prob shouldn't be ordering any more books but you actually have a bunch of books that I might be interested in. Let me know if you do decide to run a deal and the details :)

Subject: Books
Date Posted: 1/1/2009 7:01 PM ET
Member Since: 7/29/2007
Posts: 195
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    Kim ,

     Just a sugestting that maybe if you belonged to Boxers , you could get rid of some of your books faster . Sometimes it seems alot of people want then same books , or alot of the same in the system . I sometimes go out and buy newer ones , read and then post , and I manage to get rid of other books then .  You just never know .

                      Dolores H.

All books mailed within 2 days .

Date Posted: 1/3/2009 1:02 PM ET
Member Since: 2/22/2008
Posts: 908
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I've sold credits throught Paypal (both ways), money orders and checks.  Money Orders and checks take a little longer to get mailed and received, so the sender has to wait to get their credits.

Deborah



Last Edited on: 1/3/09 1:02 PM ET - Total times edited: 1