mam98031 • Volunteer Community Member • Buyer/Seller since 1999
@realrealgames wrote:Class action lawsuit anyone?
Legal reason for a lawsuit anyone??? Or is it simply because you don't like it?
@realrealgames wrote:The fee rate of 12.55% is more then my tax rate of 8.75%...
Sometimes we need to stop and take a breath. Try to look at something new with an open mind. Most times when we do that we will see more than we did before when we were upset and/or angry.
You do realize you are no longer paying fees to PayPal right? MP has taken on the Money processing for Ebay and therefore the money processing fees now go to Ebay.
FYI, you don't have a store, so it is unlikely that pre-Mp you were paying 8.75%.
Here is a link to the Fees BEFORE MP.
https://www.ebay.com/help/selling/fees-credits-invoices/selling-fees?id=4364
The fees in MP have NOT increased overall fees. The following numbers represent those that do not have a store and the fee rate for most common categories [not all].
Fees BEFORE going into MP
10.20% FVF + 2.9% PP fees = 13.10% plus 30 cent per transaction fee.
In MP the fees are:
10.20% FVF + 2.35% money processing fee paid to MP = 12.55% plus a 30 cent per transaction fee.
Starting August 2nd, PayPal is raising their fees, so they will be as follows:
10.20 Ebay FVF + 3.49 PP Fee = 13.69% plus .49 cent Per Transaction fee
PP is apparently offering different fees to different sellers, likely depending on size. From what I've seen it is between 2.59% and 3.49%.
@realrealgames wrote:Because they charge a fee rate of 12.55% on whatever tax was paid.
Yes, so lets say you had a sale for $100 plus $10.00 in sales tax. $10.00 x 12.55% is $1.26. Keep in mind that Paypal always charged 2.9% on the entire payment without regard to what the money was for. So $10.00 X 2.9% = .29 cents. That you should be use to paying. So now we deduct that from the $1.26 that you find to be a new amount, 1.26 - .29 = .97 cents.
Now if you want to look at this as a $1.00 increase in fees for every $100.00 in sales. Is this so significant to you to cause all this stress? Will this damage your profits so much as to cause you this stress?
You need to consider sales that have NO sales tax. On those you are paying LESS in fees than pre MP. I know it is more popular to only look at anything negative about MP, but that will never tell you the entire story. There are transactions that you will SAVE money on too.
If you are truly interested in finding the actual impact to your account, whether positive or negative due to fees, you need to track and compare you sales for a few months. It is likely you will find out what most of us have when we do that and that would be that MP is much closer to a neutral change in fees over a months period of time. There are ups and downs, but overall it is a nothing burger.
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