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Author Topic: If you sell on eBay or other outlets, please read this:  (Read 2373 times)
philipma1957
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August 14, 2013, 07:42:56 PM
 #21

My 2 cents:

I bought 84 for 1 BTC. Sold them all for $140+ ($3360 profit). I thought jeez, that was a good deal.... so I bought 50 more. ASICMINER dropped the price to .55, so I ended up selling all 50 for about $75 (a $1250 loss) because prices on Ebay had already crashed. Sellers beware. You might get stung by ASICMINER dropping the prices, or by the Ebay system... read on...

Ebay fees are so high, it literally ate ANY profit I had and I actually think I operated at a loss because of ASICMINER's dropping prices.

I even had one person file a case because I said in the auction it would run at 300+ Mh and his was only running at 275-295 Mh. He said he came on the forums here and someone told him they are supposed to run at 336 Mh. I wish I knew who told him that... after mining on over a 100 of these, that is the FASTEST a BE will ever run. Speeds vary (as I mentioned in the auction) as with any other mining equipment.

Anyways.. be careful about how you describe the item and its hash speed. Of course the guy that files the case mines on the damn thing for 2 weeks before he asks for a refund. I wish I knew his name on here so I could give him a piece of my mind. Actually, I gave him a piece of my mind in a Ebay case message. I'm probably getting a negative feedback.. I just couldn't help myself. If you are not happy with the buy, then send it back and ask for your money back... don't mine on it for 2 weeks...

So, I'm done with Ebay and BEs...

/rant

PS: Sorry canary, this is the only thread I knew about selling BEs on Ebay and thought others doing the same thing needed to hear these things.

And all this with PayPal's (pretty) decent seller protection which we pay for in the fees. eBay listing fees that protect you, and PayPal processing fees that protect you again from the same thing.

Canary, you must have had some nightmares dealing all in BTC, no?

Doubtful.. you cant do a chargeback on BTC

  yeah  I sold 40 on ebay  so far no returns but buyers get a lot of ebay protection.

 I am hoping that the guy that purchased 27 of the 40 I sold does not try to return them after mining for 2 weeks.  He got a very good price for ebay an ebay price. Selling sticks on ebay is very tough to do.  Selling anything on ebay is subject to a 45 day paypal case. Buyers do take advantage of this.  I would hate to get a 40 day chargeback case on my 27 stick sale.

Right now as it stands I will have done okay with the sticks I bought 168 sticks at an average price of 38 bucks.  I sold 40 at the average price of 72 bucks. 

 leaving me 128 at 38 and a profit of about 800 on the 40 sticks sold. I can live with this  for now.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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josiasrdz
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August 14, 2013, 07:57:29 PM
 #22

My 2 cents:

I bought 84 for 1 BTC. Sold them all for $140+ ($3360 profit). I thought jeez, that was a good deal.... so I bought 50 more. ASICMINER dropped the price to .55, so I ended up selling all 50 for about $75 (a $1250 loss) because prices on Ebay had already crashed. Sellers beware. You might get stung by ASICMINER dropping the prices, or by the Ebay system... read on...

Ebay fees are so high, it literally ate ANY profit I had and I actually think I operated at a loss because of ASICMINER's dropping prices.

I even had one person file a case because I said in the auction it would run at 300+ Mh and his was only running at 275-295 Mh. He said he came on the forums here and someone told him they are supposed to run at 336 Mh. I wish I knew who told him that... after mining on over a 100 of these, that is the FASTEST a BE will ever run. Speeds vary (as I mentioned in the auction) as with any other mining equipment.

Anyways.. be careful about how you describe the item and its hash speed. Of course the guy that files the case mines on the damn thing for 2 weeks before he asks for a refund. I wish I knew his name on here so I could give him a piece of my mind. Actually, I gave him a piece of my mind in a Ebay case message. I'm probably getting a negative feedback.. I just couldn't help myself. If you are not happy with the buy, then send it back and ask for your money back... don't mine on it for 2 weeks...

So, I'm done with Ebay and BEs...

/rant

PS: Sorry canary, this is the only thread I knew about selling BEs on Ebay and thought others doing the same thing needed to hear these things.
I also lose money because of the .55 price drop, however I recovered my money (and made a profit) with the 0.1 promotion

17yN2CQsYGBd3jEcNcWQDua4sViVP7YmC1
nottm28
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August 15, 2013, 11:20:22 AM
 #23

Some dick on ebay ordered 11 units from me - when I shipped them, the address he used didn't exist so they went to a holding depot. Then he asked for a full refund which I did. Then he tried to arrange a re-delivery to a different address. Luckily I was able to prove I was the sender because I kept the receipt from the tracked package.

Now I'm waiting for the units to be returned which could take up to a month.

Be careful selling on ebay.

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August 15, 2013, 11:26:34 AM
 #24

Some dick on ebay ordered 11 units from me - when I shipped them, the address he used didn't exist so they went to a holding depot. Then he asked for a full refund which I did. Then he tried to arrange a re-delivery to a different address. Luckily I was able to prove I was the sender because I kept the receipt from the tracked package.

Now I'm waiting for the units to be returned which could take up to a month.

Be careful selling on ebay.

 Shocked

D'oh! i'm sorry to hear that  Undecided

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philipma1957
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August 15, 2013, 11:36:42 AM
 #25

Some dick on ebay ordered 11 units from me - when I shipped them, the address he used didn't exist so they went to a holding depot. Then he asked for a full refund which I did. Then he tried to arrange a re-delivery to a different address. Luckily I was able to prove I was the sender because I kept the receipt from the tracked package.

Now I'm waiting for the units to be returned which could take up to a month.

Be careful selling on ebay.

Yeah I have been on ebay for 10 years and have had at least 1000 sales.  about 20-30  buyers made attempts to rip me off.  While I like the idea of using a drop shipper like canary it adds one more spot for a problem.  Since about 1 sale out of 40 the buyer busts a move and maybe 1 out of 25 sales the buyer returns it may be too complex to use a drop shipper for me.  

Yesterday I sold 2 pairs to two buyers at 100 a pair. My net on each sale is 11-12 bucks. I based that on 38 a stick. I realize that my new stick price is more like  31 a stick so with all new stock those sales would be a 24-26 dollar profit.

   Of course a return of either item will make those sales a loss. My margin is very tight. Even with a 99.99 a pair with free shipping sales are not fast , but they are moving.,

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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August 15, 2013, 12:26:17 PM
 #26

Some dick on ebay ordered 11 units from me - when I shipped them, the address he used didn't exist so they went to a holding depot. Then he asked for a full refund which I did. Then he tried to arrange a re-delivery to a different address. Luckily I was able to prove I was the sender because I kept the receipt from the tracked package.

Now I'm waiting for the units to be returned which could take up to a month.

Be careful selling on ebay.

Was the paypal address confirmed in the seller protection part?

What was the eBay user ID. We should start a thread with eBay scammers.

https://bitcointalk.org/index.php?topic=274209.new#new


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nottm28
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August 15, 2013, 12:34:49 PM
 #27

Was the paypal address confirmed in the seller protection part?

What was the eBay user ID. We should start a thread with eBay scammers.

https://bitcointalk.org/index.php?topic=274209.new#new

Updated in your new thread - good idea

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bitterdog
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August 15, 2013, 12:42:41 PM
 #28

Was the paypal address confirmed in the seller protection part?

What was the eBay user ID. We should start a thread with eBay scammers.

https://bitcointalk.org/index.php?topic=274209.new#new

Updated in your new thread - good idea

Thanks updated the list with your scumbag. im glad you were able to intercept the package


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millsdmb
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August 15, 2013, 01:48:54 PM
 #29

Some dick on ebay ordered 11 units from me - when I shipped them, the address he used didn't exist so they went to a holding depot. Then he asked for a full refund which I did. Then he tried to arrange a re-delivery to a different address. Luckily I was able to prove I was the sender because I kept the receipt from the tracked package.

Now I'm waiting for the units to be returned which could take up to a month.

Be careful selling on ebay.

Was the paypal address confirmed in the seller protection part?
^This

do NOT ever ship to an address that isnt verified, ever.

Here's a tip from personal experience -- I shipped to a "Seller Protected" address once, and the seller used a fradulent credit card. HOWEVER -- paypal ate the charge back as I explained to them that I had followed their instructions and did my due dilligence. How are we to know that someone isnt using a stolen CC?

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August 17, 2013, 08:29:02 PM
 #30

PM'd! Grin
Swimmer63
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August 18, 2013, 12:58:14 AM
 #31

I would be up for this, but margin is shrinking too much.  I have sold 400+ via eBay, Craigslist and straight PayPal transactions.  But when the profit gets down to $10 a stick you really have to boost volume to make it worthwhile.  It's not like this is my job anyway.
I have been very lucky with eBay though.  No returns.  Well, one return.  A guy never took delivery after repeated attempts.  The sticks came back to me and I have yet to hear from the guy.  So that was a high margin sale.  Grin
But if I was to keep going, using Canary for inventory would make sense.
CanaryInTheMine
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August 18, 2013, 05:23:04 PM
 #32

locking this thread.  group #22 will be adapted to allow you to have this option and for large orders you will have an option to receive drop shipment from the warehouse.
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