Tuesday, September 15, 2009

Ebay and Paypal not worth it...

A couple of weeks ago I decided to give selling a couple things via ebay using paypal for the payment. I have many things I no longer want and figured Ebay with paypal was the way to go. Turns out it is not worth it. I listed 3 cds of which 2 sold.

To list an item, Ebay charges an insertion fee which I was able to get to zero based on the options I chose. Once the items sold and payment was received there is a fee based on the final value of the item when sold plus a fee from paypal from processing the transaction. Then there's the shipping costs of packaging, ink and paper for the invoice, and the actual mail carrier shipping fees.

Not including the time and gas spent to purchase the packaging materials and to get to the post office,  I made 11% of  the amount I was paid. Literally I made cents for the items I sold a whopping $0.44. I don't see myself listing any more items to sell via ebay, at least not the same types of items. It's great for buyers, I have gotten some great deals. However was not a good deal for me as a seller. Maybe different items next time... We'll see.

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