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Topic: question about credits for sale

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Subject: question about credits for sale
Date Posted: 3/9/2010 9:44 PM ET
Member Since: 1/22/2008
Posts: 693
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When I first joined PBS a few years ago, $2.50 for a credit was a fantastic price.  This was when media mail was 2.13 or 2.23.  Today I saw someone selling for $2.20 for a credit.  I love to look for books cheaply to trade to make someones day, but I don't need near as many books as I send out so end up with extra credtis.  But with postage higher now I'm having a hard time thinking I might not even be able to sell the credits for much to get postage money back.  I didn't know whether this is normal for credits to be lower this time of year because people are still paying off Christmas bills or it's the sluggish economy this year.  Love to hear anyone's thoughts

Date Posted: 3/9/2010 9:58 PM ET
Member Since: 12/3/2005
Posts: 3,381
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There was some discussion also on SADVD recently about credits selling for less.  I'm thinking it has a lot to do with the economy and people simply downsizing.  If you are a movie or music lover, you could join one of the sister sites and transfer excess credits back and forth.  I've done that several times when my TBR was huge and I wasn't in much need of books.

Date Posted: 3/9/2010 10:05 PM ET
Member Since: 8/16/2007
Posts: 15,209
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Credit prices have been getting lower and lower for a while now. I agree with you and don't add to much to my shelf anymore I also look to send books out in multiples when I do to get the cost of shipping per credit earned down. I thought it was bad enough at 2.50 and it had stayed in there that area for a  while, but its seems to be down again.

I think the economy has people tightening their belts and selling off credits to cover their postage costs. Combine that with the glut of credits earned on all 3 sitesand the ability to transfer as many as you want between the sites and the prices will stay pretty low. Since its cheaper shipping costs per credit to earn them on the other sites and they can get the most for them here, members have learned to transfer their credits to PBS to sell causing an even bigger excess of credits here.

Date Posted: 3/10/2010 10:01 AM ET
Member Since: 8/23/2007
Posts: 26,510
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This is exactly why I've cut down on the books I'm sending out and no longer buy cheap  WL books just to post.  Not that I expected to make a big profit selling credits. But I have almost 20 credits, a huge TBR and if I can't resell the credit for enough to cover the cost of the cheap book (.25-1.00) and the postage then the book is staying at the thrift store.  When I first joined I earned a lot of credits quickly and sold several batches quickly for 3.00/credit.

That being said: I'm a regular forum poster and the last 2 times I put in my signature that I had credits for sale at 2.75-I was taken up on the offer pretty quickly by other forum regulars.  Probably because they know I'm on here all the time and so they felt they could trust me to transfer the credits quickly. 

Lately I've been reading mostly heavily posted books to get them working their way up FIFO because I just don't need credits.  When I get down to just a few credits, I read a few WL books.  Although I was thinking about offering 10 credits up in my signature to  recoup some postage costs. 

Last Edited on: 3/10/10 10:03 AM ET - Total times edited: 2