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Topic: Selling credits - Is there a secret...

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Subject: Selling credits - Is there a secret...
Date Posted: 6/17/2008 10:32 AM ET
Member Since: 8/19/2007
Posts: 4,451
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to selling credits?  I'm guessing that because I don't have Paypal I may have trouble selling some I'd like to get rid of.  Any suggestions welcomed.  I have at least 30 credits I'd like to sell.  Thanks.  Pat

Date Posted: 6/17/2008 11:18 AM ET
Member Since: 5/9/2008
Posts: 366
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you can accept cashier's check or money order too.  I've bought some that way.  Have 2 many now too!  Good luck!

Date Posted: 6/17/2008 11:21 AM ET
Member Since: 9/29/2005
Posts: 131
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I can only speak for myself, but not being able to use Paypal (or some other form of instant online payment) would be enough to make me look to someone else if I was buying credits from another member.   This is NOT meant as criticism to you whatsoever!  But given the choice of instant payment and mailing a check - instant payment will win out every time for me.  (LOL - I haven't written a paper check for *anything* in years now - we do all our bill paying & everything else like that online...)

Date Posted: 6/17/2008 11:37 AM ET
Member Since: 2/23/2006
Posts: 322
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This is not a dig against you, but I personally would rather deal with someone who takes paypal or another form of instant payment because the whole transaction is faster... not just payment wise, but receiving the credits, too.  If someone sends you a personal check, you are going to want to wait until the check clears to transfer the credits.  I would think you would have to offer a better deal than someone who does take paypal because when given a choice, most people will chose the person who will do the transaction via paypal. 

Is there no way at all you can sign up for paypal?  It's free...

Date Posted: 6/17/2008 11:54 AM ET
Member Since: 8/19/2007
Posts: 4,451
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Thanks everyone.  No reason I haven't signed up for Paypal, just haven't.  Guess I'll have to look into how to do it.  Again thanks.  Pat

Date Posted: 6/17/2008 12:56 PM ET
Member Since: 1/8/2006
Posts: 155
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Sounds like you've figured this out, but I personally prefer paypal because then I get the the credits right away, and the only time I buy credits is when I'm too much in a hurry to wait until my own books reach their new owners!

Anne J

Date Posted: 6/17/2008 2:52 PM ET
Member Since: 3/12/2007
Posts: 2,311
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Last Edited on: 5/21/10 8:34 PM ET - Total times edited: 1
Date Posted: 6/17/2008 3:41 PM ET
Member Since: 4/23/2007
Posts: 145
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I've bought credits from members several times and I've never used paypal...i've always justed used a check. At how much are you looking to see your credits?

Date Posted: 6/17/2008 3:48 PM ET
Member Since: 2/17/2006
Posts: 469
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I use paypal but have paid using a check before. I wasn't strapped for credits and didn't mind the wait.

Date Posted: 6/17/2008 5:20 PM ET
Member Since: 5/18/2008
Posts: 352
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I am new to all this computer stuff and have not figured out Paypal.  At times I would haved loved to bought credits but did not know any were available for those of us who didn't  have Paypal.

Date Posted: 6/17/2008 6:33 PM ET
Member Since: 1/19/2008
Posts: 14,845
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i don't use Paypal either, so i've never ended up buying any credits through BB even when i would have liked to.

Subject: Selling credits
Date Posted: 6/17/2008 7:59 PM ET
Member Since: 1/7/2005
Posts: 608
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I sell credits; I request payment by money order. As soon as I receive the money order I transfer the credits. Best regards, Elaine

Date Posted: 6/17/2008 10:24 PM ET
Member Since: 8/1/2006
Posts: 333
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I have boughten credits several times by sending a check.  Then once a lady wanted her money really fast.  She kept PMing me asking when my check would arrive.  Of course I couldn't hurry the mail!!  So after that I asked my DH if I could use his paypal account.  Since then I have boughten them that way.  I didn't know how to use it before, so it was easier to pay by check!  I am sure there are still some people who would rather pay that way.  Blessings, Carrie

Date Posted: 6/18/2008 11:36 AM ET
Member Since: 5/4/2008
Posts: 1,518
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how much do you want for your credits? I don't have paypal either. i do money orders myself.

Date Posted: 6/18/2008 4:23 PM ET
Member Since: 8/19/2007
Posts: 4,451
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Thanks everyone.  Pat

Date Posted: 6/18/2008 7:05 PM ET
Member Since: 10/11/2007
Posts: 8,455
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i have bought credits using cash and money orders, i dont do pay pal and am not starting.

Date Posted: 6/18/2008 11:01 PM ET
Member Since: 9/11/2005
Posts: 905
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I have sold probably 2000 credits over the last 2-3 years.  I have PP from having sold a bunch of things on Ebay, so I accept that.  The problem with it, for the seller, is that PP takes a cut, especially onerous for small sums.  I'll take checks or MO's, too.  I generally wait until they have arrived before transferring the credits, though I haven't waited for checks to clear before the transfer.   I think that writing a bad check for these small amounts, especially by those here at PBS, is unlikely, and I've NEVER been stung.  Keep in mind that you can buy a MO at most convenience stores for about half of what the PO charges, and they are just as good/valid.  Thus, financially, a check/Mo is a bit better for me because of no PP cut, though PP is better for the buyers because there is no delay at all, so both have their problems. 

If a buyer who wanted credits with a check/MO had an urgent need, I've transferred them before the paper arrived, too, though I don't make a habit of it----I've never gotten stung with that, either, though haven't done it a lot.  (Wouldn't want somebody missing out on a WL book!!)

I have them for sale at $3 each right now, if anybody needs them.  I don't like to sell them with PP in batches smaller than 5, becausse of the PP cut as above.

Date Posted: 6/18/2008 11:10 PM ET
Member Since: 8/19/2007
Posts: 4,451
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Winston - thanks so much for your input.  I've bought and sold things before and have taken personal checks, and like you I've never been stung (guess there's always a first time), but I would think that anyone on here probably wouldn't do something like that as it would quickly get around.  Take care and happy reading.  Pat

Date Posted: 6/18/2008 11:19 PM ET
Member Since: 9/11/2005
Posts: 905
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I agree with Pat above---I thinkk the bad PR would be a major embarrassment, so nobody would risk it!  Most people would gift a credit or two to somebody really in need if then didn't have 2c to rub together, anyway.  People on here are really great, I've found.

Date Posted: 6/18/2008 11:22 PM ET
Member Since: 7/29/2005
Posts: 61
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RME (Revolution Money Exchange) is another way to exchange money online besides paypal.  It is an online bank account, FDIC insured-- it allows exchange of money online like paypal, but without any fees.

You can also have a personal account with paypal instead of a business account, which means you don't take credit card payments, just "funded" (which is bank funds, e-checks, and existing account funds), and there are no fees with that account at all. :)  That is the type of account I use.

Subject: Would you be willing to trade?
Date Posted: 6/19/2008 9:30 AM ET
Member Since: 1/25/2008
Posts: 47
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Would you be interested in trading a few credits for BookMooch credits?