02-09-2022 11:33 AM
While doing/comparing my taxes for 2021 versus 2020 a very interesting change appeared.
In 2020 while I had PayPal I was buying 71% of my raw materials on eBay with the money I made on eBay.
Additionally I spent the rest of the PayPal money in eBay. This resulted in 20+ purchases on eBay a month.
This is because the money was already there in my PayPal account.
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Now that I have eBay managed payments, I have no PayPal funds and have to pull out my credit card.
99% of my raw materials are now bought outside of eBay.
Now my eBay account only has a few purchases a month.
Additionally my Amazon account has now 20 to 30 purchases more a month versus 5 to 15 in 2020.
02-09-2022 11:37 AM
WRONG. Set you bank on Paypal to your manage payments bank account and debit card. Then use Paypal like you always did.
02-09-2022 11:40 AM
My expenditures have stayed the same , since if I'm purchasing supplies then I use the coupons every quarter and still buy other supplies here as I always have
It will be the same and different for many people
02-09-2022 11:45 AM
There are certain raw materials sellers I still buy from. This is because they are competitive and ship faster.
I am interested in your coupons. Can you explain a bit
02-09-2022 11:50 AM
I can easily move funds from my MP checking to PP if desired.
02-09-2022 11:54 AM
PayPal was a separate form of money storage, that a lot took as expendable income, and ready to use.
Once in bank: on thinks twice about spending such.
So yes I agree with you that the change has most likly slows purchases by sellers on ebay.
02-09-2022 11:57 AM
That is true. However once the money is in my bank account, it feels different than in PayPal.
Like real money. At this point I only use real credit cards with purchase protection and rewards.