eBay vintage Corvette parts buying ending?

[Ridge K.]

For whichever side of the fence you are on, concerning parts shopping on eBay, there is a significant announced change coming to the auction site eBay, late next month. Ebay has announced that effective "late October" they will no longer allow payment via a mailed check or money order for eBay auction wins. Cars, such as any year of Corvette, are excluded from this policy change, but other types of auctions, such as vintage car parts, will be affected by the change.
What this means, is, sometime in late October, a bidder winning an auction, or taking a "buy-it-now" purchase of virtually all items on eBay auctions (except cars) will have to pay by using a PayPal account, or the seller will have to have a credit card merchant account. It will be paperless payment only. Sellers will not be allowed to offer payment via a check or money order, and according to eBay management, any seller caught accepting checks or money order, will be subject to suspension.
Some may feel this is no big deal, but I can promise you, that many, many vintage car parts sellers will leave the eBay marketplace. Some will stay of course, as some eBay sellers do not mind paying the stiff PayPal seller account fees, but I have already talked to several who will in fact stop listing parts on eBay on November 1st.
8.75 billion (with a "b") dollar annual revenues, and roughly 2 billion dollar annual income.

[Roy B.]

Re: eBay vintage Corvette parts buying ending?

Well that takes me out from buying on e-bay ,I don't like pay-pal , I takes checks or money order and I pay with money order or Cash if it's under $100.00. I never had a problem buying my way or selling. Thank goodness I don't need anything for my Corvettes.

[Dennis C.]

eBay vintage Corvette parts buying ending?

In the big picture, I'll bet it won't make two cents worth of difference. Follow the money - ebay is where it's at...
Greed is quite predictable. Dennis

[Glenn B.]

Re: eBay vintage Corvette parts buying ending?

I call that change for the better!

I am always dubious of sellers that will not accept any form of electronic funds as payment. Everytime I have searched (NCRS, google) on such sellers - I inevitably find numerous horror stories from unsatisfied customers - so don't take a chance on them. I do not believe it is just a coincidence that certain sellers do not want to deal with forms of payment where the seller has recourse to deal with misrepresentation of merchandise. With CC or Paypal - you have reasonable recourse.

[Tom B.]

Re: eBay vintage Corvette parts buying ending?

The parts that I put a reserve on include the fees. If I don't put a reserve on an item it is because I am tired of stepping over it and just want it gone so the fees don't mean anything.

The bottom line for me is that I get tired of advertising my stuff on the Corvette sites and getting no response in many cases. I usually list a lower price there too since I'm trying to sell to people that are fellow members. When I put it on Ebay it sells every time. I use Pay Pal for the conveince of being paid instantly.

I can't see that this change will effect me any. I have only sold one item recently where payment was by money order. All else were Pay Pal.

Tom

[Chuck G.]

Re: eBay vintage Corvette parts buying ending?

I'm an occasional buyer and seller on EBAY. Registered 9 years ago, have 600+ transactions in that time frame.

I prefer PayPal. I remember the "old days", when you'd be waiting for a MO for weeks.

I much prefer the instant payment. I much prefer paying instantly too.

I don't make a living....NOT even close on EBAY. The fees charged by PayPal pay for the convenience of the service, IMHO.

Chuck

[Timothy B.]

Re: eBay vintage Corvette parts buying ending?

Chuck,

Are you ebaying left over 1963 dipsticks or the little "L" bolts!

Hopefully you don't get to try the new house out on this next storm..

[Chuck G.]

Re: eBay vintage Corvette parts buying ending?

Chuck,

Are you ebaying left over 1963 dipsticks or the little "L" bolts!

Hopefully you don't get to try the new house out on this next storm..

Hey Tim.

I've mainly been a buyer on EBAY over the past 6 months or so. Buying a LOT of 56 Chevy "hot rod" parts.

I'm out of the dipstick biz, and I don't have any more of the little "L" screws.

Sold my last dipstick at Carlisle. I sold all the little "L" screws at last year's Carlisle.

We're heading down to Florida on Sept. 17. We'll be gone for about 10 days. By the time we get there, Ike will be history. Who knows what hurricane will be "on deck" by that time.

Give me a call. Stop over. Hope all is well with you and Rose.

Chuck

[Steven B.]

Re: eBay vintage Corvette parts buying ending?

Also, please remember the most important part of this equation. eBay OWNS Paypal, so for all those money order payers, you are taking money out of eBay's pocket. Not anymore. eBay just cornered the market on the paying end to go with their seller fees. They will now get fees from 100% of the sellers in the fees to list and the final valuation fees and now fees from 100% of the buyers for paying with paypal. Smart on their part and a way for them to drop fees in other areas and make it look like your getting a deal--until you follow the money.

[Kenneth B.]

Re: eBay vintage Corvette parts buying ending?

I call that change for the better!

I am always dubious of sellers that will not accept any form of electronic funds as payment. Everytime I have searched (NCRS, google) on such sellers - I inevitably find numerous horror stories from unsatisfied customers - so don't take a chance on them. I do not believe it is just a coincidence that certain sellers do not want to deal with forms of payment where the seller has recourse to deal with misrepresentation of merchandise. With CC or Paypal - you have reasonable recourse.

I agree. You send a check or money order & you never ger what you ordered you have littl recourse. If you pay by credit card you can stop payment & its a lot faster getting your stuff.
KEN

[Chuck G.]

Re: eBay vintage Corvette parts buying ending?

Also, please remember the most important part of this equation. eBay OWNS Paypal, so for all those money order payers, you are taking money out of eBay's pocket. Not anymore. eBay just cornered the market on the paying end to go with their seller fees. They will now get fees from 100% of the sellers in the fees to list and the final valuation fees and now fees from 100% of the buyers for paying with paypal. Smart on their part and a way for them to drop fees in other areas and make it look like your getting a deal--until you follow the money.

BUT...........

I don't have a problem with that. If you want to play, you gotta pay, and PayPal makes it easy. EBAY is in biz to make money.

Looking at it the other way, you have to drive to the bank or post office to get a MO. It'll cost you 50c to $1.00, maybe more to buy the MO. Then you've got 42c for a stamp, then you wait till the seller gets the MO, and so on.

PayPal gives you "instant gratification". It's over and done.

Chuck

[Steven B.]

Re: eBay vintage Corvette parts buying ending?

Chuck--I completely agree with you on paypal and the cost of MO's. I use it whenever I buy-it's safe and easy and so I don't want my comment to come across as me having a problem with paypal. Just letting others know the motive behind eBay's decision. On their end, it isn't purely for carefree transactions. They found another revenue stream and grabbed it. However, I will say that since the transaction (according to ebay) is between the buyer and seller and ebay is just a vehicle to put the two together, how long will it be before someone sues ebay for telling them how they HAVE to pay! During complaints, it's ebay's position many times to have the seller and buyer work it out and only come to them when it doesn't. Someone may claim that this is the same thing. They should be able to pay however they want and not have to use paypal. But when you own the store and the bank, your customers must follow your rules! Just my 2 cents!

[Alan D.]

Re: eBay vintage Corvette parts buying ending?

If paypal I do not bid! Agree about using a CC if possible, but paypal service is taking money not a service which offers "recourse". However I understand some form of product satisfaction has now been added to paypal, but burn me once and that's enough for me to learn never to go back for more.
Oh well! Do not find those ebay prices on any thing a deal anyways. MHO

[Harmon C.]

Re: eBay vintage Corvette parts buying ending?

What this is really about I think is soon your paypal account sales for the year will be reported or could be checked easy by the IRS for collection of income tax. I got a rumor somewhere that power sellers will be reported or checked up on soon. I have made few sales on E-Bay but with all sales completed by Paypal it will make it easy for big brother to check up on you. This action could make Carlisle and other swap meets have better and more parts.

[Warren F.]

Re: eBay vintage Corvette parts buying ending?

I have bought quite a few Corvette items on the Vintage parts section of ebay. I've paid by Money Order or Paypal, doesn't matter to me. I also go to Corvettes @ Carlisle and Bloomington Gold Corvettes events to buy at the swap meets, which I end up bringing a suitcase full of parts home usually. Both of these venues for finding the rare and hard to get Corvette pieces are great. I hope neither goes away, for we certainly need them.

By the way, I've never been able to get Corvette pieces from the Driveline issues, simply because of the lateness of the magazine. However now that the playing field has been equalized, maybe that will change for the better, we'll have to see.