New Discogs Payment Scheme

Discussion in 'Marketplace Discussions' started by R. Totale, Oct 10, 2018.

  1. R. Totale

    R. Totale The Voice of Reason Thread Starter

    Location:
    Bi-Regional
    I turned it on when they announced it, but I think I'm going to turn it back off. I didn't realize that, unlike when someone pays with Paypal, Discogs wouldn't be processing the payment (that is, sending my dough to my bank) immediately or next day, like Square and other payment schemes do. They want to sit on it and take the float for a week, and to get prompt processing you have to pay 30 cents per deposit. Plus they take their nut right away rather than billing once a month, so they take away my float, too. The .02% discount they are offering over Paypal saved me about 9 cents on the 40 dollar record I just sold and cost me 21 cents (.30 - .09) to retrieve. Payments through Paypal (which all of my infrequent Discogs sales have been up until now) work fine for me.
     
    Dave and GentleSenator like this.
  2. GentleSenator

    GentleSenator what if

    Location:
    Portland, OR
    good to know. i'd ignored it simply because i wasn't interested in hassling with non-paypal transactions at this time.
     
    Galley likes this.
  3. Dave

    Dave Esoteric Audio Research Specialistâ„¢

    Location:
    Greater Vancouver
    :agree: The same here.
     
  4. Romerovm

    Romerovm Forum Resident

    Location:
    Birmingham, AL
    I was not even aware of this service. Their advertisement must have sucked. :)
     
  5. cwitt1980

    cwitt1980 Forum Resident

    Location:
    Carbondale, IL USA
    Are we talking about how they take credit cards now?

    If so, what I don't like is that I can not do shipping through paypal. Discogs shipping is much higher. That's where they are really making some extra money.
     
  6. R. Totale

    R. Totale The Voice of Reason Thread Starter

    Location:
    Bi-Regional
    You can ship any package using Paypal's shipping, even if the item was not purchased through Paypal. It's somewhat hard to find on Paypal's site, but it's called Paypal Multi-order Shipping.

    I did just send a record paid with Paypal with Discogs shipping, and for an international order it was significantly cheaper than the rate quoted by USPS online. It was a cheap order and I didn't have much to lose, but assuming it arrives OK (it's still USPS, provided by Endicia at Commercial Base prices - which are not quoted online but are the same rates eBay offers on shipping) I'll use Discogs shipping in the future for international sales there. Haven't checked domestic rates.
     
    cwitt1980 likes this.
  7. GentleSenator

    GentleSenator what if

    Location:
    Portland, OR
    just go to: www.paypal.com/shipnow and log in. :righton:
     

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