eBAY slows down preselling

eBAY slows down preselling

Post by J. Crato » Sat, 05 Aug 2000 04:00:00



Quote:

> them the option of cancelling?   I don't think it's legal to charge a
> chargecard before shipping, either.

I wish the mint had to follow this one but know they are exempt.

--
Jason Craton WINS #5
The Internet focal point for the "Hobby of Kings"
http://www.winsociety.org/

"I am certain it will be more agreeable to the citizens of the
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the head of presidents."     - George Washington
                ---------------------------
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eBAY slows down preselling

Post by KATDM » Sun, 06 Aug 2000 04:00:00


 It looks like ebay is trying to stop preselling anything that can't be
delivered within 30 days. Good for them.  
 It was a great idea but was getting way out of hand, selling to much at a
loss.

Dave

 
 
 

eBAY slows down preselling

Post by JSTONE93 » Sun, 06 Aug 2000 04:00:00


Quote:

> It looks like ebay is trying to stop preselling anything that can't be
>delivered within 30 days. Good for them.  
> It was a great idea but was getting way out of hand, selling to much at a
>loss.

>Dave

>I figured they were going to have to

do something. It had gotten completely
out of hand with the state quarters.
The last thing Ebay needs is another
critical article in the NYT or WSJ.
 
 
 

eBAY slows down preselling

Post by Fred A. Murph » Sun, 06 Aug 2000 04:00:00



Quote:
>  It looks like ebay is trying to stop preselling anything that can't be
> delivered within 30 days. Good for them.
>  It was a great idea but was getting way out of hand, selling to much at a
> loss.

I'm not familiar with the details, but isn't there a Federal mail order law
that says you have to deliver within 30 days, or write the customer and give
them the option of cancelling?   I don't think it's legal to charge a
chargecard before shipping, either.

--
Good Grief.  If you're bored, here's your own personal 2d animator.
It's an amazing piece of work:

http://www.sodaplay.com/constructor/index.htm

 
 
 

eBAY slows down preselling

Post by Ed Euban » Sun, 06 Aug 2000 04:00:00


<< > them the option of cancelling?   I don't think it's legal to charge a

Quote:
> chargecard before shipping, either.

I wish the mint had to follow this one but know they are exempt. >>

Does this mean everytime I use my chargecard on paypal that it is illegal to do
as my coins are never shipped until after I pay and the charge is made?  Of
course the same is true when I bought from dealers over the phone...they
charged the card and then sent the coins.
Sorry, I don't really follow what you said.
Ed

 
 
 

eBAY slows down preselling

Post by TJAANDRA » Sun, 06 Aug 2000 04:00:00


I have no problem with presell auctions.I have tried them,and are happy with
the results.I think there is a strong chance that  most pwople who are
objecting to them have never participated in one.
 
 
 

eBAY slows down preselling

Post by Fred A. Murph » Sun, 06 Aug 2000 04:00:00



Quote:
> Does this mean everytime I use my chargecard on paypal that it is illegal
> to do
> as my coins are never shipped until after I pay and the charge is made?

Oddly enough, no.  Since what you are "buying" from Paypal is their service
of transfering your money (which happens immediately), when the product is
shipped is actually immaterial.

Quote:
> Of
> course the same is true when I bought from dealers over the phone...they
> charged the card and then sent the coins.

There is probably some reasonable time period, like they can charge within
48 hours before they ship.  This would allow them to guarantee that the
money is available.  They would not be allowed to charge the card a week or
four months (like the mint) in advance, tho.  Some might anyway, but it's
illegal.

--
Good Grief.  If you're bored, here's your own personal 2d animator.
It's an amazing piece of work:

http://www.sodaplay.com/constructor/index.htm

 
 
 

eBAY slows down preselling

Post by Ed Euban » Sun, 06 Aug 2000 04:00:00


Okay, Thanks Fred, I get it now.
Ed
 
 
 

eBAY slows down preselling

Post by Peter T. Davi » Sun, 06 Aug 2000 04:00:00



: I'm not familiar with the details, but isn't there a Federal mail order law
: that says you have to deliver within 30 days, or write the customer and give
: them the option of cancelling?  

FTC regulation.
Peter

 
 
 

eBAY slows down preselling

Post by Fred A. Murph » Sun, 06 Aug 2000 04:00:00



Quote:
> I have no problem with presell auctions.I have tried them,and are happy
> with
> the results.I think there is a strong chance that  most pwople who are
> objecting to them have never participated in one.

I have participated in presell auctions, too, both buying and selling.
However, at some point a presell auction turns into a financing scam.  If
the mint takes people's money for Brass Buck rolls in January and doesn't
deliver until April, it is still reasonable to assume that the mint will
have the financial stability to deliver the product.

Similarly, when an individual uses a presell auction to know how much money
to shell out on a special trip to the wholesalers, the expectation is that
by being able to closely control his inventory, he will be able to deliver
in the immediate future.  Even if he's just starting out and is using his
customers' money for the first few trips, this is not necessaily bad, in and
of itself.

When someone presells a piece of furniture that they're going to inherit
when grandpa dies, which could be twenty years from now, the complexion of
the transaction changes.  Who is this seller, anyway, and is he even going
to remember me 20 years from now?  After all, it's not like you need to go
through a major credit examination and an ethics course at the local
seminary to become an ebay seller.

Likewise, when someone offers hundreds of thousands, or even milllions, of
dollars worth of circulating coinage at 2/3 of face value for delivery a
year or so in the future, it is certainly legitimate to question whether
that seller will be able to meet his commitments when it's time to deliver.
Will he be alive?  Findable?  Will he be able to get the product?  Will it
even be offered in the form which he has promised to deliver it?  Will he
have the money to pay for it if it is?  Is there some greater power, like an
insurance bond, guaranteeing delivery?

There are many snail mail and brick-and-mortar scams that have been modified
for use in the ***world.  Promising people wonderful returns on their
money and then disappearing with that money is certainly one of them.

As such, it not a bad idea that ebay set some practical limits on presells,
and it wouldn't necessarily be all bad to ban them completely.

After all, how do you even leave negative feedback if you don't realize
you've been screwed until the feedback period is over?

--
Good Grief.  If you're bored, here's your own personal 2d animator.
It's an amazing piece of work:

http://www.FoundCollection.com/