Trikat said:$250/.35 = $714.
So for the maxium Cash Back you want to do a $714 listing.
However eBay fees + PayPal fees are roughly 8%.
If it works the best bet is to purchase it from a person online so you and your friends do not have to pay the large eBay/PayPal fees.

So potential = $750 - 171.36(see note below) = $578.64
IF you buy from yourself.
------------------------------------
Note: The 171.36 is calculated like this. $714 * .08 = 57.12 PER TRANSACTION. Max 3 transactions = 171.36 total fees. See the thread below for how I screwed it up the first time.

nice deal then, now what to buy

He factored in the eBay/PayPal fees. I believe they are very roughly around 8%.
Anyways from my calculations it will be a $192.78 profit for one session. So 3 sessions = $578.34.
This does not include credit card rewards. It does include the estimate of 8% eBay/PayPal fees.
$714 * 0.27=$192.78 | I got 0.27 from 0.35 - 0.08.

The Terms and Conditions page from eBay has suspiciously been moved or removed as it redirects to the home page.

EDIT: eBay only redirects you if you are directed from the FW site. Evil, eh?

fatluncher said:krazieman said:fatluncher said:Trikat said:$250/.35 = $714.
So for the maxium Cash Back you want to do a $714 listing.
However eBay fees + PayPal fees are roughly 8%.
If it works the best bet is to purchase it from a person online so you and your friends do not have to pay the large eBay/PayPal fees.

so potential = $750 - 57.12 [714 * .08 fees] = $692.88

IF you buy from yourself.

I think your numbers are a bit off. Buying from yourself requires paying Paypal and eBay fees. Because you have to actually complete the paypal transaction to get the credit. I'm estimating about $750 - $150 = $600 plus whatever credit card rewards you get from $2100. I use the starwood AMEX so that's almost a free night at some crappy hotel.

I believe Trikat's 8% is about right. I have a cousin who is a full time ebayer and I called her and asked her on $100 what would the fees be (in percent) and she said off the top of her head "8 something." -- It might be a few bucks off but your number comes out to 20%... I know it ain't 20 points.

Sorry, what I meant was your final result from 3 sessions = $750 - $150 = $600. I can see how it was confusing. But yea, about $50 off each transaction.
Of course, it's going to be suspicious when all of a sudden everyone is putting up buy it now auctions at exactly $714.

krazieman said:fatluncher said:krazieman said:fatluncher said:Trikat said:$250/.35 = $714.
So for the maxium Cash Back you want to do a $714 listing.
However eBay fees + PayPal fees are roughly 8%.
If it works the best bet is to purchase it from a person online so you and your friends do not have to pay the large eBay/PayPal fees.

so potential = $750 - 57.12 [714 * .08 fees] = $692.88

IF you buy from yourself.

I think your numbers are a bit off. Buying from yourself requires paying Paypal and eBay fees. Because you have to actually complete the paypal transaction to get the credit. I'm estimating about $750 - $150 = $600 plus whatever credit card rewards you get from $2100. I use the starwood AMEX so that's almost a free night at some crappy hotel.

I believe Trikat's 8% is about right. I have a cousin who is a full time ebayer and I called her and asked her on $100 what would the fees be (in percent) and she said off the top of her head "8 something." -- It might be a few bucks off but your number comes out to 20%... I know it ain't 20 points.

Sorry, what I meant was your final result from 3 sessions = $750 - $150 = $600. I can see how it was confusing. But yea, about $50 off each transaction.
Of course, it's going to be suspicious when all of a sudden everyone is putting up buy it now auctions at exactly $714.

oh crud 750 - 3* 57.12 = thanks will update above post so I don't confuse people.

i'm gonna buy a used tennis racquet... low risk (as is, it's still decently priced).

I'm scared. I do not really want to lose hundreds...

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Trikat said:I'm scared. I do not really want to lose hundreds...

that's why IMO, gift cards for something you are going to spend anyway (home depot, Macys's, gasoline, restaurants, airlines, etc) are the safest approach until we are sure.

You can always put a gift card away or wait to the holidays to use it. If you are trying to score merchandise and are factoring in the 35% whether or not it's worth buying, then you can get burned by overpaying. A gift card of $500 for Home Depot, is still worth $500 even if you do get burned on the 35%.

There are literally hundreds of gift cards, gift certificates, etc for sale.