I’ve been with PayPal for years, today I tried to withdraw £50 and realised that I still had my old bank details on it, so I went to add my new account details.
Except PayPal told me that I couldn’t as another PayPal account was already linked to this bank account. That would be my Wife as we have a joint account.
So I searched a bit to see if there was anyway both of us could use our only bank account. The answer NOPE. A bank account can only ever be linked to one PayPal account.
So maybe we could just have a joint PayPal account, NOPE. One user only per account and if you share passwords you could have your account suspended and money frozen.
So for now I’m left with the ability to top-up my PayPal account via the debit card, and to transfer money out I have to first send it to Heather and get her to remove it. All in all a right pain in the arse.
Good news acording to the eBay news feed:
Zero insertion fees on qualifying auction-style listings on eBay.co.uk
From 12th March 2009, there’s no insertion fee if you’re a private seller and you list your item in an eligible category in the auction-style format with a starting price of up to 99p. Don’t forget, your first picture is also free.
If your item doesn’t sell, you don’t pay a penny. All you pay for are optional listing features and upgrades
Sounds great, but lets take a closer look.
* The free listing fee is only for those with a starting price of 99p and under, any thing else still has the same listing fee.
* The final value fee has again gone up. Instead of a sliding scale starting at 8.75% it’s now 10% up to a maximum of £40.
With a bit of a back of a fag packet (excel spreadsheet) during my lunch I’ve come up with these figures.
An item selling for £1 will now have a fee of 10p instead of 19p (9p up).
£5 will have a fee of 54p instead of 50p (4p up).
£8 will have a fee of 80p, the same as before.
£10 will have a fee of £1 instead of 98p (2p down).
£20 will have a fee of £2 instead of £1.85 (15p down).
£40 will have a fee of £4 instead of £3.25 (75p down).
£100 will have a fee of £10 instead of £6.40 (£3.60 down).
£150 will have a fee of £15 instead of £9.02 (£5.98 down).
£250 will have a fee of £25 instead of £14.27 (£11.73 down).
£400 will have a fee of £40 instead of £22.15 (£17.85 down).
£750 will have a fee of £40 instead of £34.90 (£5.10 down).
Only when an item sells for more than £1090.05 will you end being better off again. On top of this, with the forcing you to offer PayPal, eBay can take a second hit at your money.