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Topic: what's the going rate?

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Subject: what's the going rate?
Date Posted: 10/20/2010 4:08 PM ET
Member Since: 6/29/2009
Posts: 248
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What's the going rate on credits right now?

If you buy them from the kiosk they are $3.45. However I saw someone offer them in the BB for $2.80 each and it looks like no one took the offer.

Obviously I know if I have them to sell, I need to post them in the book bazaar, but what is a reasonable amount to ask for them there?



Last Edited on: 10/20/10 4:11 PM ET - Total times edited: 1
Date Posted: 10/20/2010 4:24 PM ET
Member Since: 7/12/2010
Posts: 4,177
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I'd take a look at the offers out there, which ones are getting a response, and then go from there.  It's what the market will bear at the time you offer them.  Someone may be really desperate for credits and be willing to pay a little more than someone who just want's to bank a few; or say someone selling credits just to have some cash on hand in their account.

I don't  think there is any magic formula.

-RD

Date Posted: 10/20/2010 4:31 PM ET
Member Since: 8/18/2005
Posts: 7,977
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What's the going rate on credits right now?

It's usually just easier to go to the Bazaar, find the thread and mark it 'watch' so you can keep track of it. Then check it for the current offers and you'll see what's selling. That way you'll know the latest offer.

http://www.paperbackswap.com/forum/topic.php?t=191425&l=25&ls=250#p4569591

It also depends on how fast the seller wants to sell. I sold my monthly 50 for $2.50 each. They sold pretty quickly.

Date Posted: 10/20/2010 5:10 PM ET
Member Since: 7/23/2006
Posts: 15,930
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I think the last time I sold some, I got $2.70 each for them.

Date Posted: 10/20/2010 5:34 PM ET
Member Since: 1/17/2009
Posts: 9,797
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I think $2.50 goes pretty quick, $2.80 and above goes slower. Dpeends on what other offers are out there when you are trying to sell.

Date Posted: 10/20/2010 6:28 PM ET
Member Since: 1/22/2008
Posts: 688
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I'm glad to see they've gone up a little since they instituted the 50 credit limit.. Some were selling as low as $2.00 a credit at one point.  I tried to sell for $2.50 with no takers. 

Date Posted: 10/20/2010 6:47 PM ET
Member Since: 8/10/2009
Posts: 9,964
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I tried to find some for $2.50 and no luck for me.  Where were you when I need you.

I seem to see them mostly for $2.80.

Date Posted: 10/20/2010 7:22 PM ET
Member Since: 8/16/2007
Posts: 15,188
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It seems to me the $2.60-2.75 is the common sellers now, a few $2.50s that go pretty quick. I sold at $2.75, they went but not instantly. I think it depends on the time of the month. The beginning of the month when everyone has their 50 limit open more of the $2.50 sellers come out, towards the end there are less available so people are willing to pay a little more.

Date Posted: 10/20/2010 7:53 PM ET
Member Since: 2/25/2010
Posts: 388
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I remember seeing a seller once that was willing to accept Amazon gift cards instead of paypal.  I'm not in the market right now but I might be soon.  I only have 2 credits and I'm saving them for WL books.  We don't have paypal nor is my husband likely to agree to it.  Does anyone know if Amazon gift cards are doable?  Or iTunes...or another giftcard if I can buy them online and transfer them immediately.  What do you think?

Date Posted: 10/20/2010 7:53 PM ET
Member Since: 6/29/2009
Posts: 248
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fab. I will ask $2.75 in the BB!

Thanks!

Date Posted: 10/20/2010 9:20 PM ET
Member Since: 8/23/2007
Posts: 26,510
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The last couple of times I sold credits, I asked for an Amazon gift card.  You just need to give the person your email address that you use for AMazon.  Amazon will send you an email with a code when the gift certificate is purchased.  Then you put the code into your Amazon account.  You do not have to use it immediately or all at once.  Last time I left the money in there for a few months because I didn't really need anything.