click to close
help
edit

Forums
Finance

Google Checkout 0% fees until ???...(unlimited miles for free?!) Archived From: Finance

  • Text Only
  • Search this Topic »
  • switch to 'Classic' view
alert mods    

Fairly self-explanatory...Google Checkout is offering 0% fees for sellers until December 31st...which is great if you're an online merchant/eBay seller.
See here: https://checkout.google.com/seller/freetransactions.html

It also brings up the possibility that you could "buy" lots of stuff from yourself on your CC and just rack up points/CashBack/whatever.

HOWEVER, Google Checkout does require a Social Security #, so they might report to the IRS. So if you go insane and rack up 500,000 points, the IRS might very well think you're conning them out of hundreds of thousands and come after you. So...it might be risky.

Also, it's blatantly against the terms of service, although technically they can't stop your wife/husband/mother/father/aunt/uncle/nephew/niece from buying stuff from you, lol.

BTW, this marks my first deal post in a looooonnnnngggg time, lol
Edit by Moderator: Thank you for participating in the forums. However, this topic has been covered in a recent post Here.

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

alert mods    

Wait until the state comes after you for not paying sales tax on it. I my state that's over 8%!

alert mods    

Snyder81 said:Wait until the state comes after you for not paying sales tax on it. I my state that's over 8%!
Yeah, although I do remember that time when paypal was letting people charge stuff up for free, I charged like an extra 2K or something (but maybe I sent it quasi cash).

And who can forget C2it...

Mostly the problem is the fact that they'll probably report to the IRS, although even then I think they may only report above a certain amount.

Regardless, still a great deal for online merchants at least, only thing is that it's not very easy to use for eBay.

alert mods    

cirrus said:Snyder81 said:Wait until the state comes after you for not paying sales tax on it. I my state that's over 8%!
Yeah, although I do remember that time when paypal was letting people charge stuff up for free, I charged like an extra 2K or something (but maybe I sent it quasi cash).

And who can forget C2it...

Mostly the problem is the fact that they'll probably report to the IRS, although even then I think they may only report above a certain amount.

Regardless, still a great deal for online merchants at least, only thing is that it's not very easy to use for eBay.


This is definitely a topic that needs more discussion, as a huge potential deal. Green for OP.

alert mods    

More info here: https://checkout.google.com/seller/content_policies.html

DO NOT LINK, THANK YOU.

alert mods    

cirrus said:Snyder81 said:
Regardless, still a great deal for online merchants at least, only thing is that it's not very easy to use for eBay.


Any ideas on how to circumvent Fleabay?</blockquote>

alert mods    

wait, so if i start selling stuff i own to other people, i have to report it on my tax return as income ??? wtf? I already paid taxes for it from my wages and when I bought them, why do we need to pay taxes for it when we sell them.

alert mods    

From one of Google's help pages

Your Social Security number and Federal Tax ID/EIN are strictly for Google's use in helping you sign up for Google Checkout. Under normal business circumstances, this information won't be used for governmental tax purposes or other activities outside the scope of the Google Checkout program.

https://checkout.google.com/support/sell/bin/answer.py?answer=25402
DO NOT LINK

alert mods    

More infoWhy is my order displaying a 'Customer review in progress' status?

When Google detects questionable activity related to an order you receive, Google will mark the order with a 'Customer review in progress' status and perform fraud detection checks on the order to reduce your exposure to risk. During this time, you won't be able to charge the order.

In general, we complete reviews within four to six hours. For certain orders posing a higher potential risk to you, Google specialists will perform even more extensive fraud detection checks for your protection. In these rare cases, reviews may require more time.
https://checkout.google.com/support/sell/bin/answer.py?answer=45175
DO NOT LINK

alert mods    

LOOPHOLE said:Snyder81 said:
Regardless, still a great deal for online merchants at least, only thing is that it's not very easy to use for eBay.


Any ideas on how to circumvent Fleabay?
Do you mean how to use Google Checkout with eBay? To my knowledge it's perfectly within eBay policy to use a non-paypal arrangement for payment. Think of it as sending a check or money order behind eBay's back, so to speak. I think the problem that snyder alluded to was that it's not well integrated with eBay (checkout links, email invoices, etc.). Yet.

alert mods    

sinik said:More infoWhy is my order displaying a 'Customer review in progress' status?

When Google detects questionable activity related to an order you receive, Google will mark the order with a 'Customer review in progress' status and perform fraud detection checks on the order to reduce your exposure to risk. During this time, you won't be able to charge the order.

In general, we complete reviews within four to six hours. For certain orders posing a higher potential risk to you, Google specialists will perform even more extensive fraud detection checks for your protection. In these rare cases, reviews may require more time.
https://checkout.google.com/support/sell/bin/answer.py?answer=45175
DO NOT LINK


As far as fraud is a concern, if it'll work as good as identifying spoof e-mails, I'm expecting it to be way above PayPaI.

But about this deal: how to work it legally and according to GoogIe's rules?
Can I pay, for instance, rent with it? How easy is to set up a withdrawal of GCO funds to checking account ?

Anyone already experienced with that?

alert mods    

sinik said:LOOPHOLE said:Snyder81 said:
Regardless, still a great deal for online merchants at least, only thing is that it's not very easy to use for eBay.


Any ideas on how to circumvent Fleabay?
Do you mean how to use Google Checkout with eBay? To my knowledge it's perfectly within eBay policy to use a non-paypal arrangement for payment. Think of it as sending a check or money order behind eBay's back, so to speak. I think the problem that snyder alluded to was that it's not well integrated with eBay (checkout links, email invoices, etc.). Yet.


I don't really care about integration, I'm concerned that because it's not
Feebay approved, if they find out via customer or whatever, they'll shut me down.
There's alot of idiot customers that might get feebay involved, even accidently.

alert mods    

sinik said:Do you mean how to use Google Checkout with eBay? To my knowledge it's perfectly within eBay policy to use a non-paypal arrangement for payment. Think of it as sending a check or money order behind eBay's back, so to speak. I think the problem that snyder alluded to was that it's not well integrated with eBay (checkout links, email invoices, etc.). Yet.
Your knowledge is incorrect. eBay's Accepted Payments Policy clearly spells out that Google Payments may not be used in conjunction with eBay sales.

alert mods    

Why bother with eBay? Set up a store online with any Web host. No need to pay fees per purchase to anyone. You're just buying from yourself, remember. The store doesn't have to be slick or integrate with any merchant transaction service other than Google. Just make sure your merchant name is different from the name on your credit card.

Your bank may not know why you're suddenly buying lots of stuff from the MegaGalaxy Electronics Company. But that's nothing they'd be concerned about as long as your monthly bill is paid, right?

alert mods    
alert mods    

steveme said:Google Auctions

This can't happen soon enough.

alert mods    

LOOPHOLE said:steveme said:Google Auctions

This can't happen soon enough.



Yes. I am reposting that because since finally google is putting the heat on the checkout for merchants. I would assume once it hits a certain figure of sellers, they will hit eBay HARD one day when they are not looking offering free listings, free fees, free everything to get people over to their service. Hope this comes tomorrow.

alert mods    

CreditGuy said:Why bother with eBay? Set up a store online with any Web host. No need to pay fees per purchase to anyone. You're just buying from yourself, remember. The store doesn't have to be slick or integrate with any merchant transaction service other than Google. Just make sure your merchant name is different from the name on your credit card.

Your bank may not know why you're suddenly buying lots of stuff from the MegaGalaxy Electronics Company. But that's nothing they'd be concerned about as long as your monthly bill is paid, right?


for one reason, I or anyone else would be able to "dilute" the transactions,
I have a lot of CC's, but adding some random ones wouldn't hurt.
I never underestimate the capabilities of companies to "track" things like these.

alert mods    

steveme said:LOOPHOLE said:steveme said:Google Auctions

This can't happen soon enough.



Yes. I am reposting that because since finally google is putting the heat on the checkout for merchants. I would assume once it hits a certain figure of sellers, they will hit eBay HARD one day when they are not looking offering free listings, free fees, free everything to get people over to their service. Hope this comes tomorrow.

The payment wars between PayPal (a feeBay company) and Google Checkout are heating up. In its first move against Google, feeBay has banned its customers from accepting from Google Checkouts, citing that the service does not have a proven track record.

Google Checkout is amongst 39 other payment services not allowed on feeBay.

Google spokeswoman Megan Lamb said in an e-mailed statement that the company has offered billing and payments as part of its advertising software for years. The new service was rigorously tested before it was released, she said.

Many long time feeBay customers are angry. They don’t want feeBay dictating what kinds of payments they can and cannot receive. Many sellers denounced feeBay’s decision on the feeBay message boards, making such statements as “Bad, bad feeBay. feeBay wants to squeeze every last penny out of the sellers. I hope this comes back to bite them.”

It sounds like feeBay is afraid of the competition.

 Close

Sign Me In
Nickname: 
Password: 
Remember My Login Information:

Forget your login information?

Not Already A Member?
Sign Up Now!



Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.