>Date: Mon, 13 Jan 2003 23:13:35 -0500 From: Peter Naiman <vze4k5n6@verizon.net> To: <Classicrendezvous@bikelist.org> Subject: Re: [CR]Maxi-Car Hubs on Ebay
The ebay auction for the Maxi-Car hubs is over at $405 and reserve has not been met. Who's going to send that much in cash. Hetchinspete Boston, Mass
I've kept silent on this thread so far, but I think y'all haven't read / interpreted the listing correctly IMHO.....
The seller will also take PayPal, but not from a credit card - that's all he's saying. He probably only has a personal account with PayPal - that way, you don't get dinged the 2.9% fee, but you can't take credit cards either, so they are always "encouraging" you to "upgrade" so they can get the 2.9% (even from non-CC payments, BTW!)
For larger sellers, it's just another "cost of doing business."
Now that eBay owns PayPal, eBay gets that additional cut, so they end up getting a total of about ten percent on every PayPal-ed eBay sale - mightly nice for them! Let's see: 15 million auctions completed per day, figure maybe $20 average "gavel price" and eBay potentially grosses $30 million per day based on a bank of modems and a website - not too shabby!!!*
Cheers,
Greg "PayPal-driven" Parker Ann Arbor, MI USA
* yes, I know I'm over-simplifying the situation to make a point. Please save your flame-mail for something important, like "Swiss vs. French threads on vintage Swiss bikes: boon, or bust?" :-)