Discussion - Member to Member Sales - Research Center
Discussion - Member to Member Sales - Research Center
05:30:53pm
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E-banking is where it will all be in due course whether thats a good or bad thing - just a matter of time. The cost factor in handling and accounting for paper exchange (currency, m.o.'s, bank drafts etc) is the driving force. We write 1 cheque a year because the county has a huge gouge on e-tax payments.
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08:07:23pm
I prefer PayPal myself, but not everyone is set up to take it. A casual seller would not be. There is a lady in Canada I buy pottery from occasionally who insists on cheques. There is one large auction house in the states, in Connecticut, who insists on either postal money orders or cheques in US funds. The more options that are taken away the harder it is going to be for the casual seller to operate. I wish everyone took PayPal, but you can't always get what you want.
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The problem with PayPal is a 5% commission has to be built into the sellers' expectations. On a more general note the rather young governor of The Bank of Thailand speaking at the Foreign Correspondents Club a year or so ago said we must move towards a cashless society. Apparently cash management is an expensive charge which most companies would happily be rid of. One positive of this is we now have free online money transfers between Thai banks so it is cheaper than going into a bank and making the transfer at the counter.
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This is my diabetic cat OBI! I think, therefore I am - I think! Descartes, sort of!
09 Jul 2019
05:30:53pm
I went in to the post office yesterday to send a postal money order to the US to a person I had bought from on your auction/approval books only to be told: "You're not going to be able to do this much longer, we're eliminating money orders in US funds". She couldn't give a reason but my guess would be that it doesn't bring in enough profit. I guess we'll all have to use bank drafts soon, or some other method. Just sayin'.
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07:50:25pm
re: Canada Post eliminating US money orders
E-banking is where it will all be in due course whether thats a good or bad thing - just a matter of time. The cost factor in handling and accounting for paper exchange (currency, m.o.'s, bank drafts etc) is the driving force. We write 1 cheque a year because the county has a huge gouge on e-tax payments.
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this post
This is my diabetic cat OBI! I think, therefore I am - I think! Descartes, sort of!
09 Jul 2019
08:07:23pm
re: Canada Post eliminating US money orders
I prefer PayPal myself, but not everyone is set up to take it. A casual seller would not be. There is a lady in Canada I buy pottery from occasionally who insists on cheques. There is one large auction house in the states, in Connecticut, who insists on either postal money orders or cheques in US funds. The more options that are taken away the harder it is going to be for the casual seller to operate. I wish everyone took PayPal, but you can't always get what you want.
Login to Like
this post
re: Canada Post eliminating US money orders
The problem with PayPal is a 5% commission has to be built into the sellers' expectations. On a more general note the rather young governor of The Bank of Thailand speaking at the Foreign Correspondents Club a year or so ago said we must move towards a cashless society. Apparently cash management is an expensive charge which most companies would happily be rid of. One positive of this is we now have free online money transfers between Thai banks so it is cheaper than going into a bank and making the transfer at the counter.
Login to Like
this post