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Sales, Swaps, Auction & Approvals/Auction Disc. : Thinking about selling stamps & covers in auction — Next question

 

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Bobstamp
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22 May 2016
01:26:21pm
I would prefer to use only PayPal for payments, but I understand that some people refuse to use PayPal (which I don't really understand at all!).

I would accept personal cheques, but only from U.S. or Canadian customers, although I don't like slowdown that occurs while waiting for cheques to clear. They add just one more level of administrivia to the process.

I would like to know from Canadian sellers whether they accept money orders, bank drafts, etc. from foreign countries. I myself have often sent bank drafts to foreign countries, but I don't know how Canadian banking institutions handle such paper from other countries. I assume there are particular types money orders that are universal? (I'd check with my credit union, but it's closed until Tuesday.)

Bob




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d1stamper
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22 May 2016
01:44:46pm

Auctions - Approvals
re: Thinking about selling stamps & covers in auction — Next question

When selling I do not take checks, because of the trouble of going to the bank waiting in line for a teller, so I can cash the cheque and the chance that a check may bounce and I get charged a fee.

I do take money orders,it must be an International money order. I know I still have to go to the bank, but there is no real rush to do so.

I also take cash, but no coins sent at buyers risk.

I prefer Paypal as payment.

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cardstamp
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22 May 2016
03:33:49pm

Approvals
re: Thinking about selling stamps & covers in auction — Next question

I prefer PayPal because it is easier and faster to handle. Also if you need to do any type of a refund it is easy to do so. However, I have no problem with personnel checks now - since I can easily deposit them using my bank's app on my Iphone. Just have to take a picture of the front and back and with a few key entries it is deposited. It used to be a pain to go to the bank for a low value check to deposit it - now it is a snap. However, I do not accept money orders anymore - because they can not be deposited via the phone app. Steve

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Poodle_Mum
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22 May 2016
04:29:52pm
re: Thinking about selling stamps & covers in auction — Next question

PayPal or International Postal Money Order - no need to worry about checks bouncing. I prefer as both buyer and seller to use PayPal. Just nice and quick and easy to take care of - as soon as invoice is received, I pay.

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CapeStampMan
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Mike

22 May 2016
05:05:00pm
re: Thinking about selling stamps & covers in auction — Next question

Having received many checks over the years and never, ever having one "bounce", I will happily accept personal checks. Like Steve, today, it's not really an issue to deposit checks to your account, with all the newfangled do-dads these new smartphones can do. I do remember holding a few checks while selling on the big E, but don't even bother holding them here on SOR. Heck, if you need stamps that bad, just call me. (No I won't put my number here.) I deposited one the other day and the bank immediately sent me a picture of my money. Rolling On The Floor Laughing
Mike

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sheepshanks
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22 May 2016
05:59:32pm
re: Thinking about selling stamps & covers in auction — Next question

Mike, wasn't this pic was it, seems this
lady is also interested.
Image Not Found

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Soundcrest
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22 May 2016
06:19:51pm

Approvals
re: Thinking about selling stamps & covers in auction — Next question

I always prefer checks. Paypal charges a fee.

Greg

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GeoStamper
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Steve

22 May 2016
10:17:27pm
re: Thinking about selling stamps & covers in auction — Next question

Bob,

My two cents' worth... As a buyer, I use PayPal all the time. It is easy. It is too easy. With PayPal, I can send my money away so easily, that it makes the buying decision more impulsive and the entire transaction less personal than it would be otherwise.

Several sellers I buy from do not use PayPal. That forces me to slow down, get out the checkbook, write a note, address the envelope, and frank it with some old commemoratives. By the end of all that, I feel like a human being again!

I guess I'm glad that most of my purchases are digital and quick, but I am now thankful for the occasional slower analog human-to-human (via the mail) exchange.

-Steve

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lemaven
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23 May 2016
10:22:07am
re: Thinking about selling stamps & covers in auction — Next question

For my bit of selling experience here's my 2c worth:

1c = This is already sometimes too much like business between sorting, scanning, posting, invoicing ... etc etc etc ... so if PayPal makes accepting (and eventually sending) money easier then it's brilliant.

2c = My billing rate to clients is $125/hr. My SOR ROT (an appropriate acronym for Stamporama's Return on Time) is about $0.0127/hr. and the error by my local bodega's private postal outlet (see my rant elsewhere) has already cost me 2x the fees paid to PayPal so far. So as long as I don't have to pull my daughter out of University their fees are inconsequential.

3c = BONUS THOUGHT! I recently said I'd take a $5 bill on a $5.25 lot instead of going through PayPal (at the buyer's request). So flexibility is great and the good will may (hopefully) lead to more pleasant interactions.

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Bobstamp
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23 May 2016
04:43:52pm
re: Thinking about selling stamps & covers in auction — Next question

Thanks to everyone for sharing their experiences and thoughts about my question. I think you've got me heading in a direction I can be content with.

Bob

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Author/Postings
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Bobstamp

22 May 2016
01:26:21pm

I would prefer to use only PayPal for payments, but I understand that some people refuse to use PayPal (which I don't really understand at all!).

I would accept personal cheques, but only from U.S. or Canadian customers, although I don't like slowdown that occurs while waiting for cheques to clear. They add just one more level of administrivia to the process.

I would like to know from Canadian sellers whether they accept money orders, bank drafts, etc. from foreign countries. I myself have often sent bank drafts to foreign countries, but I don't know how Canadian banking institutions handle such paper from other countries. I assume there are particular types money orders that are universal? (I'd check with my credit union, but it's closed until Tuesday.)

Bob




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likes this post.
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www.ephemeraltreasur ...
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d1stamper

22 May 2016
01:44:46pm

Auctions - Approvals

re: Thinking about selling stamps & covers in auction — Next question

When selling I do not take checks, because of the trouble of going to the bank waiting in line for a teller, so I can cash the cheque and the chance that a check may bounce and I get charged a fee.

I do take money orders,it must be an International money order. I know I still have to go to the bank, but there is no real rush to do so.

I also take cash, but no coins sent at buyers risk.

I prefer Paypal as payment.

Like 
1 Member
likes this post.
Login to Like.
Members Picture
cardstamp

22 May 2016
03:33:49pm

Approvals

re: Thinking about selling stamps & covers in auction — Next question

I prefer PayPal because it is easier and faster to handle. Also if you need to do any type of a refund it is easy to do so. However, I have no problem with personnel checks now - since I can easily deposit them using my bank's app on my Iphone. Just have to take a picture of the front and back and with a few key entries it is deposited. It used to be a pain to go to the bank for a low value check to deposit it - now it is a snap. However, I do not accept money orders anymore - because they can not be deposited via the phone app. Steve

Like
Login to Like
this post

www.hipstamp.com/sto ...

A Service Dog gives a person with a disability independence. Never approach, distract or pet a working dog, especially when (s)he is in harness. Never be afraid to ask questions to the handler (parent).
22 May 2016
04:29:52pm

re: Thinking about selling stamps & covers in auction — Next question

PayPal or International Postal Money Order - no need to worry about checks bouncing. I prefer as both buyer and seller to use PayPal. Just nice and quick and easy to take care of - as soon as invoice is received, I pay.

Like
Login to Like
this post

"Let's find a cure for Still's Disease, Breast Cancer and Canine Addison's Disease. We CAN find a cure and save lives!!"

emmettslegacy.webs.c ...
Members Picture
CapeStampMan

Mike
22 May 2016
05:05:00pm

re: Thinking about selling stamps & covers in auction — Next question

Having received many checks over the years and never, ever having one "bounce", I will happily accept personal checks. Like Steve, today, it's not really an issue to deposit checks to your account, with all the newfangled do-dads these new smartphones can do. I do remember holding a few checks while selling on the big E, but don't even bother holding them here on SOR. Heck, if you need stamps that bad, just call me. (No I won't put my number here.) I deposited one the other day and the bank immediately sent me a picture of my money. Rolling On The Floor Laughing
Mike

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this post

"It's been three years now, since I joined a support group for procrastinators. We haven't met yet..."
Members Picture
sheepshanks

22 May 2016
05:59:32pm

re: Thinking about selling stamps & covers in auction — Next question

Mike, wasn't this pic was it, seems this
lady is also interested.
Image Not Found

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Soundcrest

22 May 2016
06:19:51pm

Approvals

re: Thinking about selling stamps & covers in auction — Next question

I always prefer checks. Paypal charges a fee.

Greg

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this post

"Seesomething you like in my Hipstore? Contact me for a deal!"

https://www.hipstamp ...
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GeoStamper

Steve
22 May 2016
10:17:27pm

re: Thinking about selling stamps & covers in auction — Next question

Bob,

My two cents' worth... As a buyer, I use PayPal all the time. It is easy. It is too easy. With PayPal, I can send my money away so easily, that it makes the buying decision more impulsive and the entire transaction less personal than it would be otherwise.

Several sellers I buy from do not use PayPal. That forces me to slow down, get out the checkbook, write a note, address the envelope, and frank it with some old commemoratives. By the end of all that, I feel like a human being again!

I guess I'm glad that most of my purchases are digital and quick, but I am now thankful for the occasional slower analog human-to-human (via the mail) exchange.

-Steve

Like
Login to Like
this post

"What are you waiting for? Those stamps aren't going to collect themselves."
Members Picture
lemaven

23 May 2016
10:22:07am

re: Thinking about selling stamps & covers in auction — Next question

For my bit of selling experience here's my 2c worth:

1c = This is already sometimes too much like business between sorting, scanning, posting, invoicing ... etc etc etc ... so if PayPal makes accepting (and eventually sending) money easier then it's brilliant.

2c = My billing rate to clients is $125/hr. My SOR ROT (an appropriate acronym for Stamporama's Return on Time) is about $0.0127/hr. and the error by my local bodega's private postal outlet (see my rant elsewhere) has already cost me 2x the fees paid to PayPal so far. So as long as I don't have to pull my daughter out of University their fees are inconsequential.

3c = BONUS THOUGHT! I recently said I'd take a $5 bill on a $5.25 lot instead of going through PayPal (at the buyer's request). So flexibility is great and the good will may (hopefully) lead to more pleasant interactions.

Like 
1 Member
likes this post.
Login to Like.
Members Picture
Bobstamp

23 May 2016
04:43:52pm

re: Thinking about selling stamps & covers in auction — Next question

Thanks to everyone for sharing their experiences and thoughts about my question. I think you've got me heading in a direction I can be content with.

Bob

Like
Login to Like
this post

www.ephemeraltreasur ...
        

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