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() I recently sold someone $300 worth of chips via PayPal. The PayPal fee was $9.00. With Chase QuickPay it would be zero!
Dealers and collectors can no longer honestly (or practically?) settle trades and purchases using PayPal and paying no fee. It used to be (before June 3rd) that ANY receipt into a PERSONAL PayPal account was not charged a fee as long as it was not credit card-funded. No longer. In order for there to be no PayPal fee on a sale or trade now, the sender must lie that the payment is for a gift or loan repayment. Even if you were willing to lie, I wonder how long PayPal will let you get away with it if you have NUMEROUS such payments.
Here is an alternative to PayPal -- Chase QuickPay's electronic funds transfer service. Advantages and features:
¶ no fees for the payer and the payee. (Chase QuickPay INVOICING service costs $25.00 per month, but QuickPay alone [and that is all you need] is completely free.)
¶ only one of the parties (either the sender or receiver) need have a Chase account!. The other needs only an email address and a non-Chase bank account.
¶ quick and easy once you have your permanent free QuickPay "profile" set-up. (And if you have a Chase account, you can QuickPay someone funds now which they can collect on once their Chase profile is set-up, something that should take less than a week online.)
¶ the funds are transferred electronically between the accounts in one or a few days with Chase as the middleman. (It takes one day if both have Chase bank accounts.) Neither party knows the other's account number, etc. And when the non-Chase customer sets up his profile with Chase, he doesn't disclose any personal information other than his name, address, phone number, the name of his bank and the account and routing numbers.
¶ Chase is the 3rd largest bank in the US.
¶ eBay doesn't sanction it, but it can be used for non-eBay sales, and even for eBay if the buyer requests it, and what is stop the seller from offering it (even with a $1.00 discount, which might be beneficial to all).
https://www.chase.com/ccp/index.jsp?pg_name=ccpmapp/shared/marketing/page/ChaseNetwork
https://www.chase.com/ccp/index.jsp?pg_name=ccpmapp/individuals/shared/page/quickpay_faqs
(You can easily find these links/pages yourself by doing a Google search on "Chase bank QuickPay" or JP Morgan Chase QuickPay.)
Another alternative to PayPal is using Bank of America. The transfers are free and instant (same day), but for any transfer both parties must be Bank of America customers.
Robert
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