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eBay to phase out Paypal for Payoneer?
https://forum.lddb.com/viewtopic.php?f=10&t=9820		 Page 3 of 3
Author:  invenio [ 06 Oct 2021, 12:47 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
Why are they charging a VAT on total cost? In the US you only pay tax on profit (and can even deduct a loss)? The profit margin on a lot of things people sell on ebay is less than 20% so how does this not kill the resale market in Europe?
Author:  admin [ 06 Oct 2021, 13:01 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
invenio wrote:
Why are they charging a VAT on total cost? In the US you only pay tax on profit (and can even deduct a loss)? The profit margin on a lot of things people sell on ebay is less than 20% so how does this not kill the resale market in Europe?


As far as I can remember VAT is always charged on the total value (including shipping).
=> Discogs or eBay are applying this rule.

That's how Singapore or Japan or EU tax incoming shipments.
Among EU countries there is no VAT added, only when you cross the border.

So far I've never seen USA taxing an import but this might change as more and more countries are looking for ways to collect extra taxes.

Also, if you are a company, you can claim the VAT back in some situations.
This does not apply for individuals.

Julien
Author:  admin [ 15 Oct 2021, 04:07 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
admin wrote:
Now add the $2.50 fee to withdraw from Payoneer to bank account and we're up to 18.91% fees on this $120 transaction.


Add one more !!!

I am withdrawing USD to a US USD account... but I'm registered in Japan.

2% withdrawal fees on the net amount (that's 1.66% on gross amount).

So far, eBay+Payoneer is a 18.50% fees proposition to me.

I'll increase again the items I have listed on eBay.

WTF eBay...

Julien
Author:  nissling [ 15 Oct 2021, 10:41 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
admin wrote:
Among EU countries there is no VAT added, only when you cross the border.

This is partially true.

In some EU countries, like Sweden for instance, you have to pay the VAT rate of your home country when buying from a seller who exports goods for a value of over 10,000 Euros. So for instance, if I buy from Amazon in Germany I pay a 25% VAT instead of the 19%. So basically you'll get a 6% higher VAT which is still very reasonable. Just something a lot of people miss out on.
Author:  pobodys_nerfect [ 16 Oct 2021, 12:08 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
Stopped selling on ebay when they demanded bank details a few months ago. Nope. No thanks. Bye Ebay. Hello Gumtree.
Author:  admin [ 23 Jun 2022, 06:57 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
admin wrote:
So far, eBay+Payoneer is a 18.50% fees proposition to me.


And checking a recent $375 sale on eBay, they took higher fees on VAT + shipping, then Payoneer took another 2%.

Total in fees: almost 21%

We are getting near the 30% "abusive" Apple Store fee that most companies are now fighting in court.

Julien
Author:  teddanson [ 23 Jun 2022, 08:37 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
Take the (volatile) orange pill. :thumbup:
Author:  admin [ 03 Aug 2022, 02:31 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
teddanson wrote:
Take the (volatile) orange pill. :thumbup:


Oh no. I mined in 2013~14 and made some profit but I'm completely out of it and pushing strongly against it.

For a good summary of why, I'm in line with https://www.schneier.com/crypto-gram/archives/2022/0715.html#cg8

Julien
Author:  admin [ 08 Sep 2022, 11:42 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
Didn't catch this one until today:

eBay International fees
https://www.ebay.com/help/selling/fees- ... rs?id=5224

Additional 1~2% on total before local VAT is added.

I guess there's only 3 things certain in life: death, taxes and that eBay fees will keep increasing forever.

Julien
Author:  jd213 [ 08 Sep 2022, 15:59 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
Selling on ebay from Japan probably isn't worth it, I rarely had problems selling on Yahoo (need to write descriptions in Japanese though). You might get more bids on ebay but Yahoo takes less fees and at least half of my sales were from proxy bidding services anyway (back when I was living in Japan and selling on there).
Author:  gypsy [ 08 Sep 2022, 17:24 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
jd213 wrote:
Selling on ebay from Japan probably isn't worth it, I rarely had problems selling on Yahoo (need to write descriptions in Japanese though). You might get more bids on ebay but Yahoo takes less fees and at least half of my sales were from proxy bidding services anyway (back when I was living in Japan and selling on there).


Yahoo also has the benefit of people accepting that transactions on old gear can be as-is.

I have basically quit using eBay at all to sell. I sell laserdiscs here exclusively and recently opened a Mercari account to sell other things. Mercari can be a lot better for buying too, it reminds me of the old days on eBay. Mercari in general is targeting a different clientele with their advertising so you get people that actually want to get rid of things instead of trying to squeeze top dollar.
Author:  admin [ 02 Feb 2023, 02:49 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
Wow, no more "message" box on eBay US.

Now it looks like chat with the seller (trying to copy Amazon?) with a very friendly and inviting message for the buyer:

Quote:
Don't exchange contact info to Buy or sell outside of eBay policy. We scan and, in case of suspicious activity, manually analyze messages to identify potential fraud and Policy violations. Learn more


Is it an hommage to North Korea or East Germany?

Julien
Author:  admin [ 02 May 2023, 03:12 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
Discogs seemingly increasing Selling fees from 8% to 9% but the big caveat is that shipping costs will now be included -- like eBay.

https://www.discogs.com/selling/updates/selling-fee-pricing-guide-2023/

Shipping from Japan to the rest of the world is now significantly more expensive than before (roughly twice) and shipping often costs more than the item(s) purchased. So, on average, Discogs just doubled the selling fees for me (and they add 10% Japanese VAT as well), so I am looking at ~20% selling fees, similar to eBay).

Their hint to reduce selling fees?

Quote:
Discogs’ new selling fee is 9% of the item and shipping costs – so if you offer free shipping, the resulting selling fee will be smaller.


... and your margin will also tank, but they will make more money.

Duh.

Julien
Author:  lons_vex [ 02 May 2023, 08:49 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
ebay.de just recently stopped charging any fees for private sales (within germany).
They probably felt the heat from their sister website ebay kleinanzeigen (classifieds)
which was never charging any fees to begin with. This however does not include
international sales, these still have the same fees as before, or sales by commercial sellers.
Author:  admin [ 02 May 2023, 09:27 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
lons_vex wrote:
ebay.de just recently stopped charging any fees for private sales (within germany).


eBay did the same in Japan... before dropping of the market entirely.
(remember when the listing and selling fees were 2~3%?)

Also did the same in Singapore where typically you list at a high price and expect people to contact your for best offer requests.

Julien
Author:  admin [ 30 Aug 2023, 19:18 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
Didn't see that one coming...

Payoneer Annual Fees = $29.95
https://payoneer.custhelp.com/app/answers/detail/a_id/44310/~/faq---annual-fees

Quote:
Until now, we’ve charged an Annual Account Fee of 29.95 USD when customers have kept their account open for 12 months without making a transaction.

Starting 30 days from the date of this message, we’ll charge this fee if you receive payments totaling under 2,000.00 USD (or equivalent) in any consecutive 12-month period.


We have to pay for the privilege of paying 2% withdrawing fee + eBay payment fees ?!?

Bloody Vampires

Julien
Author:  firehorse_44 [ 01 Sep 2023, 02:28 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
Bloody scandalous.
Nest of scheming thieves !

Cost of doing business ?
I don't think so.
Other alternatives exist and WILL be created.
The more people steal just emboldens reasonable alternatives down the road in my opinion.

Thanks for bringing this to light Julien.

Cheers mates
Author:  gypsy [ 02 Sep 2023, 23:26 ]
Post subject:  Re: eBay to phase out Paypal for Payoneer?
eBay more or less drove me away from selling there a long time ago. Lots of other options as firehorse mentioned. I did list a couple things there recently, but as far as I know I don't even have a payoneer account. I certainly never signed up for one.
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