Fees (as of November 6, 2010)
This page was created to explain our fees as well as the other PayPal fees that are involved in all sales at our site. Most importantly, we feel it is necessary to let sellers know that even though USA Coin Book charges a flat 2% fee, there is also a PayPal fee involved and this needs to be factored in when pricing products. We also added a few calculators at the bottom of the page so you can see how much money you save at USA Coin Book vs eBay fees.
USA Coin Book Fee
The only fee we ever charge is a flat 2% final value fee for both auction or fixed listing formats. For instance, if you sold a $50.00 item, the 2% fee would be equal to $1.00
Our site uses a PayPal API system which makes our marketplace possible, automatically collect our 2% fee upon sale and allows members to deal with a professional transaction service that can enforce payment and fraud issues between buyers and sellers.
Primary PayPal Fee - The main PayPal fee is a 2.90% final value fee plus $0.30 on all orders. For a $50.00 item, this would be equal to $1.45 + $0.30 or $1.65.
Secondary PayPal Fee - The smaller PayPal fee is result of automatically sending our 2% commission to our account, which is 2.90% of the 2% commission value plus $0.30. For example, our $1.00 commission payment would result in $0.03 + $0.30 or a $0.33 secondary PayPal fee.
Absolute Total Fees
When both PayPal fees are combined, it turns out being 2.958% of the final item value plus $0.60, which makes up the majority of the fees. The USA Coin Book commission is 2% so the absolute total fees for everything including PayPal turns out being 4.958% + $0.60
In our example of the $50 item, the final total fees would end up being $3.08 with PayPal factored in.
Compared to eBay Fees
We knew there was going to be PayPal fees involved so we chose a small 2% fee so that the PayPal fees wouldn't take as hard of a hit on sellers and we could try keeping the total final value fees below 5%. For anyone who is interested, we will now compare our fees to eBay:
eBay's Auction Fees - Their fees are free for auction starting prices or reserve prices of $0.01 to $0.99, but for any higher starting prices, they charge a fixed fee of $0.25 up to $2.00 to a maximum of a $200 starting price ($1 for $50 starting price) regardless of whether the product sells or not. They also include a flat 9% final value fee. The PayPal fee is also 2.90% of the final value plus $0.30 for payment. So for a $50.00 item sold at an eBay auction, the absolute total fee with PayPal factored in turns out being 11.90% of the final value fee plus $1.30 or $7.25 if the item sells. If an auction with a $50 starting price did not sell, the fee would be $1.00 total.
eBay's Fixed Listing Fees - Right off the bat, all items listed over $0.99 are charged a fixed $0.50 fee regardless of whether the item sells or not. If the item did sell, there would be a 11% final value fee added for the first $50.00 on all sales. They would also charge an additional 6% on the final value between $50.01 and $1,000.00 and another 2% for the remainder of the final value above $1,000.00 sold. PayPal also charges a 2.90% of the final value plus $0.30 fee. So for a $50.00 item sold as a fixed Buy-It-Now listing at eBay, the absolute total fee with PayPal factored in would be 13.90% plus $0.80 or $7.75 if the item sold. Otherwise it would be a flat $0.50 fee if the item did not sell.
Note these eBay fee example comparisons are the minimums which do not include the "bells and whistle" fees associated with sub-titles, reserve price options, bold text and other various listing upgrades.
The Savings Calculators (USA Coin Book versus eBay)
I added some calculators that can show how much you will be able to save (additional profits) by selling your coins at USA Coin Book versus eBay. These will factor in the "brackets" and various levels automatically as you enter your starting price and selling prices. Use these savings figures to strategically price your products and to see what your overall costs are going to be so you can optimize your profits.
Savings Versus eBay For Auctions Format:
Savings Versus eBay For Fixed Listings Format (Buy It Now):