Ebay fees how much will I get?
Ok I sold an iphone 5s for £358 what fees will eat into this in both paypal and ebay? And on another note how long should I keep the money so to be sure the buyer will not make a claim if he decides he wants his money back and returns the phone. I have to pay my brother as it was his phone I was selling.
A few years ago I sold a camera the buyer wanted to get a refund and at the time I had no money in paypal and a credit agency started to harass me for months every day trying to get the money. I don't want this to happen again.
Added (1). I sold iphone on the 11th /11/14
Added (2). Just wanted to point out he has given me good feedback should I still keep the funds? I have no refunds on my listings but you know ebay is a law to themselves. And they do what they want half the time.
From what I know, if you sold the item on a private seller account (as in not a business account) then eBay takes 10% of the final sold value and PayPal takes 4% so overall that would be 358 - 50 = £308.
You should proabably keep the money from 14-28 days, but what you might want to do next is, untick the box which says refunds accept, and basically refunds won't be an option then
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