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Old 05-10-2015
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Default What's an ideal banking cost in %

Being oversees with no bank account in US or Europe, and no on stealth made banking a but more complicated.

I was wondering what is your banking cost in % and what would be an ideal cost in %.

From paying the supplier until you withdraw your money back to your account after a sale what is your cost?

Mine is around 5-10% (excluding cost of the product, shipping, ebay fees etc). Lets say I sell a product for USD100, I loose around USD5-10 to the banks.
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Old 05-10-2015
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Default Re: What's an ideal banking cost in %

Seems about right - I hate losing %...even to PP.
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Old 05-10-2015
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Default Re: What's an ideal banking cost in %

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Originally Posted by rsot View Post
Seems about right - I hate losing %...even to PP.
Thanks.

I understand that I should not move money between my own paypal accounts however in your opinion is it risky to pay my supplier (the same one or two), with the same paypal account that generates the eBay revenue?
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Old 05-16-2015
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Default Re: What's an ideal banking cost in %

Quote:
Originally Posted by notsosureaboutit View Post
Thanks.

I understand that I should not move money between my own paypal accounts however in your opinion is it risky to pay my supplier (the same one or two), with the same paypal account that generates the eBay revenue?
Honestly speaking, I am a big fan of keeping buying and selling SEPARATE when possible. When I do payments....I do not use a pp in which I receive money because I don't want PP to potential think that I am dropshipping or some nonsense.
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Old 05-16-2015
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Default Re: What's an ideal banking cost in %

True also, thanks
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Old 05-16-2015
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Default Re: What's an ideal banking cost in %

I agree with rsot. Unless your supplier is a known company, I think it is best avoided. Paying a supplier is some places, especially CHINA, could kill your account. Just create an extra PayPal for buying.
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