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Topic: Question: Members selling credits? How does this work?

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Subject: Question: Members selling credits? How does this work?
Date Posted: 6/19/2008 10:49 PM ET
Member Since: 8/9/2007
Posts: 4,058
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I know I've seen something on this before, but I can't find what I'm looking for now.  I was wondering if someone could explain to me how this works - in terms of members doing it in the Book Bazaar forum, I mean.  Is it okay & within the PBS rules?  I see people doing it almost daily and always wonder.  Is there a "right" & "wrong" way to do it?  How do people pay each other for the credits if they don't want to wait for or accept checks & money orders?  I use paypal for a few things and have an account, but I'm a little unclear on how another PBS member could pay me for credits through paypal.  You give them a routing number or some sort of account information?  What is generally considered to be a "fair price" for credits? 

Why I'm asking - I have so many books now, I don't use my PBS credits at the same rate I used to (I mostly use them for WL offers), so I usually have a surplus.  I wouldn't mind being able to somehow use some of them to help offset the cost of the PBS postage I buy when sending books out.   I usually use paypal to buy PBS money to cover my postage costs, so if I occasionally sold some of my surplus credits and had that money put into my paypal account, I think it would work pretty well as far as cutting down on some of the postage costs - I spent nearly $80 on postage in the last month:O   I'm just unclear on the logistics of doing it and what is acceptable within the PBS rules & terms of use.

Date Posted: 6/19/2008 10:57 PM ET
Member Since: 12/23/2005
Posts: 1,157
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Yes, you may sell credits. You just send the member your paypal address when they are interested. You can sell credits for as much as you want. I've seen them from $2.75-$3.00. Some members give a discount if a group of credits like 10 or more are purchased. There is a thread running in the BB. Are you selling credits/need credits?

I forgot to mention, after you receive payment, you buddy the number of credits the member purchased.



Last Edited on: 6/19/08 10:57 PM ET - Total times edited: 1
Date Posted: 6/19/2008 11:05 PM ET
Member Since: 8/9/2007
Posts: 4,058
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Anne - I was thinking of selling some to help cover what I spend on PBS printable postage - which since I started actually looking at my money registry, is almost appalling:P  I do a lot of specials, which is fine & means I always seem to have plenty of credits, but I'm still spending a small fortune on postage, so I'm looking at different ways to help offset some of the cost.  This seems like a viable option, but as much as I see it, there really isn't a lot in the way of detailed information on how to do it effectively.

Thanks for the response:)

Date Posted: 6/20/2008 8:36 AM ET
Member Since: 12/21/2007
Posts: 1,642
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As far as the Paypal aspect, you send the buyer the email address associated with your paypal account and then they can go to thier paypal account and put in your paypal address and the money will come to your account.

 

You might want to specify that you will accept cash-funded paypal only because if they pay you by using a credit card or by electronic check through paypal, you will be charged a fee for processing and won't get your whole amount. Also if you don't use the cash-funded you are only allowed 5 credit card payments (as the reciever) for the year without upgrading. If someone pays with paypal and doesn't use cash-funded, you are given the opportunity to not accept that form of payment so it won't go through without you knowing about it.

Date Posted: 6/20/2008 9:23 AM ET
Member Since: 12/23/2005
Posts: 1,157
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Here is the information from the help center:

Can I sell my credits to other members?

Yes.  While we do not "buy back" credits ourselves, you are free to sell your extra credits to other members or give them away.  You may set the price and payment method.

To offer your credits for sale:

  • Start a Discussion Forum topic explaining that  you have more credits than you can use and would like to put them back in the system.
  • Ask interested members to send you  a Personal Message asking for more details.

To obtain payment:

  • You need to work out the payment method between you and the other member(s).

After you have been paid by the purchasers for the credits:

  • You can transfer the credits using the Buddy List Crediting Feature.
    • Read instructions on how to use this feature here.
Date Posted: 6/20/2008 10:17 PM ET
Member Since: 8/9/2007
Posts: 4,058
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Ah!  There it is...  I looked & looked and could not find that:P  Thanks a bunch for the answers ladies, and for posting that, Anne:)  I still don't know if I want to hassle with doing this or not.  But I was all weird about running specials when I first tried that too, so...  I don't want to go into business selling PBS credits, but I did join PBS to cut down on some of the costs associated with my huge book addiction, and I realized when I looked at my money registry the other day that $80 in one month ain't the way to do it:P  I do however, have about 40 credits sitting in my PBS account right now, and aside from my WL stuff, I'm not interested in getting anything else right now - Mount TBR is taking over my entire block as it is.  I thought maybe I could sell credits to help cover the cost of mailing out books, and that would be great, just because I use the PBS printable postage & pay for it with paypal, so if I got some money back on my surplus credits, at least some of my little book addiction would be self-supporting...  And my hubby might - just might - stop raising his eyebrows every time I make a PO run, or get a big boxload of books:P