• I'm happy to introduce the Styleforum Happy Hour, our brand new podcast featuring lively discussion about menswear and the fashion industry. In the inaugural edition, a discussion of what's going on in retail today. Please check it out on the Journal. All episodes will be also be available soon on your favorite podcast platform.

  • Styleforum Gives - Holiday Charity Auction 7: Castangia from SARTORIALE

    We are very proud to present this year's edition of the Styleforum Holiday Charity Auctions, this year in support of the Ronald McDonald House Charities of Spokane (www.rmhcspokane.org). Each Auction lasts 24 hours. Please follow and bid on all the auctions.

    The 6th auction is for a Castangia Suit or Sportcoat from SARTORIALE Please bid often and generously here

    Fok and the Styleforum Team.

  • STYLE. COMMUNITY. GREAT CLOTHING.

    Bored of counting likes on social networks? At Styleforum, you’ll find rousing discussions that go beyond strings of emojis.

    Click Here to join Styleforum's thousands of style enthusiasts today!

Buying and Selling on eBay: Tips, Tricks, Problems & Questions

bamgrinus

Distinguished Member
Joined
Oct 19, 2013
Messages
1,058
Reaction score
578
Not necessarily ebay related but PayPal is funny. They'll lend me 58k without a credit check in 3 clicks but when I wanted to take advantage of the $20 free credit from PayPal credit I applied and was denied for a $400 line. Doesn't make much sense that you'll lend me $58k on no credit check and then $400 is auto declined with a credit check.
If they're not checking your credit it implies that they're lending with an interest rate aimed at people with bad credit. Lots of companies (like Four) making a bunch of money off non-traditional credit products aimed at high risk borrowers and charging obscene interest rates. How do you borrow that much from PayPal, though?
 

div25sec9

Senior Member
Joined
Jun 22, 2011
Messages
825
Reaction score
648
Does anyone have suggestions for how to answer given eBay’s ban on communicating outside of eBay messaging?

View attachment 1283171

I believe the ban is on communicating to sell outside of ebay, in a way to circumvent ebay getting their cut of the transaction. If you respond with an "I'd be happy to consign your items on ebay", I don't think they're going to mind you arranging to use their platform more.
 

capnwes

Stylish Dinosaur
Joined
Nov 2, 2011
Messages
10,705
Reaction score
22,585
Does anyone have suggestions for how to answer given eBay’s ban on communicating outside of eBay messaging?

View attachment 1283171
I’ve asked ebay reps specifically about this before. You can exchange contact info freely after a purchase. I’ve had gents interested in consigning buy a pair of shoelaces, or whatever my least expensive item is, then simply refunded. I then could share my mailing address for shipment and also had access to their email to contact them that way.
 

capnwes

Stylish Dinosaur
Joined
Nov 2, 2011
Messages
10,705
Reaction score
22,585
If they're not checking your credit it implies that they're lending with an interest rate aimed at people with bad credit. Lots of companies (like Four) making a bunch of money off non-traditional credit products aimed at high risk borrowers and charging obscene interest rates. How do you borrow that much from PayPal, though?
Paypal working capital loans. No credit check, no interest. One time flat fee based on borrowed amount, payback percentage and sales volume. Loan payments come out of each payment you receive, at a percentage of your choosing, 10% through 30%.

I just got offered $88K....coincidentally the same cost as my wife's upcoming grad school....hmmm.
 

capnwes

Stylish Dinosaur
Joined
Nov 2, 2011
Messages
10,705
Reaction score
22,585
Not necessarily ebay related but PayPal is funny. They'll lend me 58k without a credit check in 3 clicks but when I wanted to take advantage of the $20 free credit from PayPal credit I applied and was denied for a $400 line. Doesn't make much sense that you'll lend me $58k on no credit check and then $400 is auto declined with a credit check.
I had this happen to me in the past. Turns out I already had a paypal credit account opened from several years earlier, and that was why it wouldn't go through. I simply needed to log in to the credit account, rather than re-apply.
 

Steve Smith

Distinguished Member
Joined
Feb 5, 2008
Messages
3,086
Reaction score
518
If they're not checking your credit it implies that they're lending with an interest rate aimed at people with bad credit. Lots of companies (like Four) making a bunch of money off non-traditional credit products aimed at high risk borrowers and charging obscene interest rates. How do you borrow that much from PayPal, though?
Paypal Working Capital loans money to a business with a track record on Paypal. The maximum amount is a mathematical function of past revenue. They charge an upfront fee and then a fixed percentage of each payment that the borrower receives in Paypal until the loan is paid back.

I did the math and decided that the interest paid is sky high. I went another route and got the cash I needed at a much lower rate.
 

capnwes

Stylish Dinosaur
Joined
Nov 2, 2011
Messages
10,705
Reaction score
22,585
Paypal Working Capital loans money to a business with a track record on Paypal. The maximum amount is a mathematical function of past revenue. They charge an upfront fee and then a fixed percentage of each payment that the borrower receives in Paypal until the loan is paid back.

I did the math and decided that the interest paid is sky high. I went another route and got the cash I needed at a much lower rate.
Interesting, I can get a $12K paypal loan for about $500 flat fee. Here I was thinking that was pretty good, much better than my credit card anyway. Care to share any ideas where I can get a better rate?
 

bamgrinus

Distinguished Member
Joined
Oct 19, 2013
Messages
1,058
Reaction score
578
Paypal Working Capital loans money to a business with a track record on Paypal. The maximum amount is a mathematical function of past revenue. They charge an upfront fee and then a fixed percentage of each payment that the borrower receives in Paypal until the loan is paid back.

I did the math and decided that the interest paid is sky high. I went another route and got the cash I needed at a much lower rate.
Interesting. I think a lot of businesses are working on non-traditional credit checks, too. I'm sure PayPal would love to get a piece of the Credit Bureaus' business.
 

Steve Smith

Distinguished Member
Joined
Feb 5, 2008
Messages
3,086
Reaction score
518
Interesting, I can get a $12K paypal loan for about $500 flat fee. Here I was thinking that was pretty good, much better than my credit card anyway. Care to share any ideas where I can get a better rate?
I worked through the numbers about 6 months ago and while I don't recall exactly what it looked like I do remember that it was a high rate. I got a home equity line of credit instead.

I did a quick google and one of the pages which analyzed Paypal's program has this:
Rates They Charge
Factor rate of 1.02 to 1.13
10% to 30% withholding rate
APR of 15% to 30%
 

Tyrone MacStiophain

Distinguished Member
Joined
Dec 23, 2010
Messages
1,316
Reaction score
2,691
Anyone install the Garagesale update successfully? I updated, and now I can't upload or revise any listings. Apparently "there's no token"? But I updated the token and it's still happening. Anyone else having issues?
 

madeinbogota

Senior Member
Joined
Nov 2, 2015
Messages
399
Reaction score
801
Does anyone have suggestions for how to answer given eBay’s ban on communicating outside of eBay messaging?

View attachment 1283171
I wasn't aware of being able to exchange contact info after a sale, thanks for the info @capnwes. What I've always done in the past was spell out my phone number with both numbers and words, putting a ton of random spaces in, and misspelling the words, so eBay's algorithm could never be able to decipher it. Also do similar things for my email address when buyers need to send additional payment. I got flagged once many years ago when I just sent my normal number, but have done this many times since with no issue. Just gotta be crafty about it.
 

capnwes

Stylish Dinosaur
Joined
Nov 2, 2011
Messages
10,705
Reaction score
22,585
Anyone install the Garagesale update successfully? I updated, and now I can't upload or revise any listings. Apparently "there's no token"? But I updated the token and it's still happening. Anyone else having issues?
Not yet, but Snoogz and I both had that issue with the last update, as I recall it resolved itself the next day.
 

txwoodworker

Distinguished Member
Joined
Apr 9, 2013
Messages
3,292
Reaction score
12,194
Anyone install the Garagesale update successfully? I updated, and now I can't upload or revise any listings. Apparently "there's no token"? But I updated the token and it's still happening. Anyone else having issues?
They're actively handling a huge number of issues with 8. I've downloaded the 8.05 BETA and it's better but still glitchy.
 

Styleforum is proudly sponsored by

Featured Sponsor

How many pairs of shoes do you own?

  • 1 - 4

    Votes: 29 3.6%
  • 5 - 10

    Votes: 140 17.4%
  • 11 - 20

    Votes: 263 32.6%
  • 21 - 30

    Votes: 128 15.9%
  • 31 - 40

    Votes: 69 8.6%
  • 41 - 50

    Votes: 48 6.0%
  • 51 - 60

    Votes: 24 3.0%
  • 61 - 70

    Votes: 22 2.7%
  • 71 - 80

    Votes: 17 2.1%
  • 81 - 90

    Votes: 7 0.9%
  • 91 - 100

    Votes: 8 1.0%
  • 100+

    Votes: 51 6.3%

Related Threads

Forum statistics

Threads
428,905
Messages
9,225,712
Members
193,654
Latest member
mjl2181
Top