Final value fee?

[jeepingirl]

Hi,

I almost never sell very expensive things so I never worry much about the final value fee. Now I am selling an expensive necklace for a friend and was wanting an idea what the final value fee would be if it sells for a listing of  $1,000 Buy It Now, or Make Offer, no reserve.

Thanks!

[krismor-77]

I am fairly certain that the fee is 10% to ebay plus, 3% to paypal, for almost everyone. I believe it caps at $750.

[lintbrush*]

Does your friend understand she can't spend that money for awhile?

What if the buyer claims SNAD?

What if the buyer opens a return and sends you back a rock?

What happens if the buyer opens an unauthorized chargeback through their credit card provider?

You are aware it needs to be sent with Signature Confirmation, correct?

But what if you pay her in 2 weeks and a month (or 3) down the road the buyer opens a Money Back Guarantee claim?  Do you trust her to repay you (because PayPal isn't going to wait on her)?

Selling something for a friend is nice, but it does come with risk to your friendship.  Make sure both of you are aware of all of the potential issues.  I'd put it in writing.  

[coolections]

Is your friend going to still be your friend if you ship that $1,000 necklace and someone scams you out the cash and the necklace ? As far as fees go it doesn't matter if the item is $10 or $1,000 it is still 10%.

[sam9876]

I can almost guarantee that you will be ripped off.

[atikovi]

Don't list something you don't own and something you can't afford to lose.

[18704d]

@jeepingirl

Your bank account is at risk if you sell it,

pay her,  and then months later there is a chargeback from the buyer.

Go to your friend's home, help her set up her own eBay account

and sell it herself.

Lynn

[18704d]

Too late,

you already listed it days ago.

18K gold Tiffany.

Hope you return here so you can hear about using signature confirmation, fake Paypal emails, etc..

Lynn

[the*dog*ate*my*tablecloth]

I would have had an authentic Tiffany item authenticated. There are a lot of counterfeit Tiffany items out there, although I don't know if this is one of them.

How well do you know your friend?

[*graydog]

No way I would take the risk.   

My advice - Don't do it.  

[atikovi]

Too late now. https://www.ebay.com/itm/Tiffany-Co-Elsa-Peretti-18k-Gold-35mm-Round-Pendant-on-18-Black-Silk-Cord/2...

[jeepingirl]

Hi,

Yes she and her daughter visited two top jewelry store's here in our community and they authinticated the piece.

Thanks for your help!

[emerald40]

---

@the*dog*ate*my*tablecloth wrote:

I would have had an authentic Tiffany item authenticated. There are a lot of counterfeit Tiffany items out there, although I don't know if this is one of them.

How well do you know your friend?

---

You need to worry more about the sterling silver pieces being faked.  That is because of the metal content and the big jump in price between no name and tiffany.

It does not happen that much with the gold pieces.  They are not copied nearly as much.

OP have you sold something this expensive before.

Are you aware that with items over $750 you must get tracking and on line signature confirmation.  Also insure it in case it gets lost.

And when you package, do not do so in a little box so it looks valuable.  Tape it into a much bigger box with a lot of peanuts, foam, bubble wrap etc.  

If it were me I would send registered mail.  As safe as it gets.

But know that is only half the battle - getting it there.  Now you need to hope you got an honest buyer.

[thevintagesilvershop]

Most buyers are honest.  Theft is very rare.

[sam9876]

Registered and insurance can't protect you against a SNAD complaint.