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Topic: Selling credits using Paypal

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Subject: Selling credits using Paypal
Date Posted: 8/12/2008 8:51 AM ET
Member Since: 2/22/2008
Posts: 908
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I have a Paypal account and want to sell some of my credits.  What info do I provide to people wanting to buy credits from me. 

 

Deborah

Date Posted: 8/12/2008 8:54 AM ET
Member Since: 5/14/2007
Posts: 881
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I would think you should have them pm you and then give them the email address that is attached to your paypal account. That should be the only info they need.

Linda S. (thk) - ,
Date Posted: 8/12/2008 9:36 AM ET
Member Since: 10/4/2006
Posts: 317
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I have bought credits several times from other members.  They provided the email address used with PayPal, and told me the price per credit.  I told them how many credits I wanted, and sent that amount to the email address.  Then the other members buddied me the credits. No hassle, no problem.

Date Posted: 8/12/2008 9:58 AM ET
Member Since: 11/26/2006
Posts: 221
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How much are you asking for your credits?

Date Posted: 8/12/2008 10:11 AM ET
Member Since: 8/23/2007
Posts: 26,510
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I would set a minimum if you're going to accept credit cards through Paypal.  I agreed to sell someone some credits.  She started off wanting like 10 so I agreed to the credit card.  Then she ended up only wanting 2 but she messed up the payment and put in 2 seperate payments.  The fees to claim the $ were almost as much as what was deposited.  They only charge you .50 when someone uses their checking account and that's only if you move the money. If you buy something using paypal then it doesn't charge you.  But with credit cards it charges you just to claim the money.

Date Posted: 8/12/2008 1:05 PM ET
Member Since: 12/10/2005
Posts: 3,205
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I have only a personal account with Paypal and so cannot accept credit/debit cards.  (I downgraded from a premier when I stopped selling on Ebay.)

Make sure you note in your in your opening post whether you can (and will) accept payment via a credit/debit card.  I had not realized that it was possible to set up a Paypal account without a bank account attached but had one person who was interested tell me that was how their account worked.

And all the buyer will need is the email attached to your Paypal account.

This is what i put in my post:

My Paypal account doesn't accept debit/credit cards, only Paypal balance and bank account e-transfers.  Thanks.

Date Posted: 8/12/2008 3:08 PM ET
Member Since: 2/22/2008
Posts: 908
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So, if I say I don't accept debit/credit cards, how do I do the Paypal balance and bank account e-transfers?  And what does this transaction cost?

Date Posted: 8/13/2008 7:05 PM ET
Member Since: 12/10/2005
Posts: 3,205
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What it costs depends on the kind of account you have.  If you have a personal (like I do) it's free.  If you have a premeir, than I think it only costs if you transfer that money from your Paypal account to your bank account.

You don't need to do anything except the give the buyer your ID.  They will need to chose how to 'fund' the transaction at the time they make the payment to you.

Date Posted: 8/13/2008 8:41 PM ET
Member Since: 8/23/2007
Posts: 26,510
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I would read up about it on the Paypal website before you decide.

Date Posted: 8/13/2008 8:55 PM ET
Member Since: 8/9/2007
Posts: 4,058
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I'm still unsure on how all of it works.  Even though I've had a Paypal account for years, I only recently started selling credits & receiving instant payments, and there's a lot there on Paypal's site to read and assimilate & I was hoping I'd figure at least some of it out through experience:P  I know you are only allowed to accept so many transfers like those per year with a personal account, and then you have to upgrade.  They do charge a fee to withdraw funds, but I've just been leaving mine in there to purchase my postage with, which works for me because all I started selling excess credits for was to help cover the cost of my PBS postage anyway.  The cost for the transfer itself isn't much.  It was about $1.77 for $30, so do the math there.  I'm not sure how each person who bought credits from me paid.  I didn't ask, so I'm not sure if they used their own Paypal accounts, bank accounts or what.  That doesn't show up on my account details.