Time payments question? should I handled it differently? UPDATE!!

[uchiha101]

I think 10% is the standard first payment.

Standard for whom?

 

Ok what price range is this book we're talking about? I usually give more because I don't like to draw these things out.

 

75 dollars in value for this comic since he asked for time payments

 

wow- I thought this at least $500

 

75 bucks should not be eligible for time payments at all. This isn't the lay away department at K-Mart. Maybe that is snobbish of me. not sure.

I thought that too.

I hope I never find myself with a family emergency so dire that I might need my $15 down payment back.

 

what should be the minimum amount before down payment becomes a option?

[DeadOne]

I think 10% is the standard first payment.

Standard for whom?

 

Ok what price range is this book we're talking about? I usually give more because I don't like to draw these things out.

 

75 dollars in value for this comic since he asked for time payments

Just so I'm understanding this correctly, $75 was the total for the comic, or &75 was the 20% down payment?

 

Hey Dead one

 

yes 75 was the total for the comic

 

Congrats. on the sale. (thumbs u Every little bit helps, so take it when you can.

[uchiha101]

For 75 dollarso I don't see why timedo payments should be used/needed. A couple hundred dollars though would make a lot more sense to use timed payments.

 

Fair enough I'll do the next time after this one is finished

[DeadOne]

I think 10% is the standard first payment.

Standard for whom?

 

Ok what price range is this book we're talking about? I usually give more because I don't like to draw these things out.

 

75 dollars in value for this comic since he asked for time payments

 

wow- I thought this at least $500

 

75 bucks should not be eligible for time payments at all. This isn't the lay away department at K-Mart. Maybe that is snobbish of me. not sure.

I thought that too.

I hope I never find myself with a family emergency so dire that I might need my $15 down payment back.

 

what should be the minimum amount before down payment becomes a option?

For books under a hundred I could see maybe a 50/50 split (between paydays... something like that) if I know the buyer and I trust him, otherwise, money up front.

But like I said, take it when you can, just use caution. Protect yourself.

[FineCollector]

Is anyone else thinking, "a thread about buying precode horror with no experience, a thread about managing too many want lists, and now a thread about how to handle time payments... hm"?

 

I get the impression that the pedal's down to the ground, but all you're doing is spinning your tires. What's the story here?

[entalmighty1]

I think 10% is the standard first payment.

Standard for whom?

 

Ok what price range is this book we're talking about? I usually give more because I don't like to draw these things out.

 

75 dollars in value for this comic since he asked for time payments

 

wow- I thought this at least $500

 

75 bucks should not be eligible for time payments at all. This isn't the lay away department at K-Mart. Maybe that is snobbish of me. not sure.

I thought that too.

I hope I never find myself with a family emergency so dire that I might need my $15 down payment back.

 

what should be the minimum amount before down payment becomes a option?

 

I don't sell much, but I don't think I'd accept time payments on anything under $500. It's too much trouble, unless you know someone fairly well.

[jimjum12]

I require 10% non-refundable, but in the event that the buyer wants out I do allow them to use the non refundable amount as credit towards another purchase of equal value. GOD BLESS....

 

-jimbo(a friend of jesus) (thumbs u

[CAHokie]

I don't do time payments when buying so I never thought about but how would Paypal handle it if the buyer backed out and made a refund claim? I would hope that email documentation would be enough to reject the refund.

[01TheDude]

the thing about a time payment on eBay is-- and I am sort of guessing here -- they probably take their cut in terms of FVF (final value fees) for the entire purchase right away.

 

So that first payment covers your FVF -- but the process seems so drawn out. That item will be sitting on your sale list for a long time. For that reason alone, I wouldn't think of doing time payments for anything less than 400 dollars on eBay.

 

On these boards-- I would be much more open to the process though. I have not been involved in one so far though or offered one.

[uchiha101]

I think 10% is the standard first payment.

Standard for whom?

 

Ok what price range is this book we're talking about? I usually give more because I don't like to draw these things out.

 

75 dollars in value for this comic since he asked for time payments

 

wow- I thought this at least $500

 

75 bucks should not be eligible for time payments at all. This isn't the lay away department at K-Mart. Maybe that is snobbish of me. not sure.

I thought that too.

I hope I never find myself with a family emergency so dire that I might need my $15 down payment back.

 

what should be the minimum amount before down payment becomes a option?

For books under a hundred I could see maybe a 50/50 split (between paydays... something like that) if I know the buyer and I trust him, otherwise, money up front.

But like I said, take it when you can, just use caution. Protect yourself.

 

ok I'll note that down thanks

[uchiha101]

Is anyone else thinking, "a thread about buying precode horror with no experience, a thread about managing too many want lists, and now a thread about how to handle time payments... hm"?

 

I get the impression that the pedal's down to the ground, but all you're doing is spinning your tires. What's the story here?

 

I'm spinning my tires because these are all new things I'm doing but I'm willing to learn it

[uchiha101]

I think 10% is the standard first payment.

Standard for whom?

 

Ok what price range is this book we're talking about? I usually give more because I don't like to draw these things out.

 

75 dollars in value for this comic since he asked for time payments

 

wow- I thought this at least $500

 

75 bucks should not be eligible for time payments at all. This isn't the lay away department at K-Mart. Maybe that is snobbish of me. not sure.

I thought that too.

I hope I never find myself with a family emergency so dire that I might need my $15 down payment back.

 

what should be the minimum amount before down payment becomes a option?

 

I don't sell much, but I don't think I'd accept time payments on anything under $500. It's too much trouble, unless you know someone fairly well.

 

fair enough I think I'll make time payments at 250

[uchiha101]

I require 10% non-refundable, but in the event that the buyer wants out I do allow them to use the non refundable amount as credit towards another purchase of equal value. GOD BLESS....

 

-jimbo(a friend of jesus) (thumbs u

 

That's a interesting idea I'll give it a try sometime

[uchiha101]

I don't do time payments when buying so I never thought about but how would Paypal handle it if the buyer backed out and made a refund claim? I would hope that email documentation would be enough to reject the refund.

 

not sure but it goes one the buyers side most if not all the time

[uchiha101]

the thing about a time payment on eBay is-- and I am sort of guessing here -- they probably take their cut in terms of FVF (final value fees) for the entire purchase right away.

 

So that first payment covers your FVF -- but the process seems so drawn out. That item will be sitting on your sale list for a long time. For that reason alone, I wouldn't think of doing time payments for anything less than 400 dollars on eBay.

 

On these boards-- I would be much more open to the process though. I have not been involved in one so far though or offered one.

 

It was on facebook that this deal happened

[wombat]

As others have pointed out clearer terms would have avoided any confusion. What is not cool in my book was basically accusing you of being a thief. That was completely unnecessary.

[uchiha101]

As others have pointed out clearer terms would have avoided any confusion. What is not cool in my book was basically accusing you of being a thief. That was completely unnecessary.

 

I agree on both points and I'm a honest person so I don't see why he'd accuse me like that

[oakman29]

If I were you I would already have my business plan in place before you start selling.

[uchiha101]

If I were you I would already have my business plan in place before you start selling.

 

Selling for myself or other people?

[oakman29]

If I were you I would already have my business plan in place before you start selling.

 

Selling for myself or other people?

 

Both. It's your business right? Set your parameters,and keep your rules in place. Just like any other work place.