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Post by Slinger on Feb 1, 2018 14:29:17 GMT
eBay is to drop PayPal as its main payments processor in a move that it says will benefit sellers and buyers. eBay has signed an agreement with Dutch firm Adyen to process payments, but buyers will still be able to use PayPal on the site until at least 2020. BBC News StoryeBay Announcement |
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Post by MartinT on Feb 1, 2018 14:32:53 GMT
Anything to do with their selling PayPal?  |
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Post by MikeMusic on Feb 1, 2018 15:05:13 GMT
Big news.
Will follow that with great interest
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Post by Chris on Feb 2, 2018 22:33:06 GMT
I quite liked PayPal - as a buyer only mind you.
I always found it quick and efficient and refunds easy. Can see where sellers had problems though.
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Post by The Brookmeister on Feb 2, 2018 23:20:00 GMT
Paypal for a seller are the scourge of the 21st century, as bad as amazon, totally ruthless and horrible.
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Post by julesd68 on Jun 13, 2022 16:28:15 GMT
A tip that might be useful for anyone who uses PayPal for purchases from abroad.
I bought an item from China on eBay for which the currency listed was $. As an experiment, instead of letting PayPal do the currency conversion, I opted for my linked credit card to do the job. If I had let PayPal do it, the item would have cost £4.54 whereas I ended up paying £4.35. Holy camoly - that's roughly a 4.5% difference!!!
I found that interesting on different levels. If you do a lot of shopping from abroad, over a year this will add up. If you buy an expensive item from abroad, you are obviously saving pounds not pence. Finally, PayPal must be making a huge amount of $$$$$ by offering poor currency conversion.
YMMV - worth looking at.
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Post by Mr Whippy on Jun 13, 2022 20:05:27 GMT
Was it the electronic nasal clipper you went for, Jules? Toying with the idea of getting one myself.
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Post by Slinger on Jun 13, 2022 20:28:27 GMT
PayPal are providing a service, which they expect us to pay for. Now we know how much. A typical credit card currency conversion fee is 1% of the purchase price, DCC fees range from 1% to 3% (or more), and a typical foreign transaction fee is 2% to 3%. |
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Post by julesd68 on Jun 13, 2022 20:49:52 GMT
Was it the electronic nasal clipper you went for, Jules? Toying with the idea of getting one myself. No I've already got two of those - I opted for the "Manly and Realistic Full Chest Hair Lady Choice Guarantee 100% Marsupial Transformation" so I will be more confident on the beach this summer. |
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Post by MikeMusic on Jun 14, 2022 8:40:53 GMT
A tip that might be useful for anyone who uses PayPal for purchases from abroad. I bought an item from China on eBay for which the currency listed was $. As an experiment, instead of letting PayPal do the currency conversion, I opted for my linked credit card to do the job. If I had let PayPal do it, the item would have cost £4.54 whereas I ended up paying £4.35. Holy camoly - that's roughly a 4.5% difference!!! I found that interesting on different levels. If you do a lot of shopping from abroad, over a year this will add up. If you buy an expensive item from abroad, you are obviously saving pounds not pence. Finally, PayPal must be making a huge amount of $$$$$ by offering poor currency conversion. YMMV - worth looking at. My credit card gives me 1% back on purchases so I usually go for that anyway Sometimes I give up and go with Paypal if the CC is playing up As you say, care required when buying abroad |
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