Have you ever bought or sold anything on eBay?

[TimberWolf]

In that case you've no real protection... they heavily push everything through PayPal much more than they used to.

What's the danger with PayPal? Just that you have no direct connection of the cash with the goods bought?

[Clippy]

That already exists. Loads popped up and then disapeared a few years back.

I have two Ebay shops which do 20k a year between them.

Turnover. Profit averages about 25%

It's a numbers game. I've been working on automating Excel to bulk load into Ebay as opposed to using their tulip turbo lister, so I can advertise more.

Correct. I have a business model and agreement from a major wholesaler to advertise over £1M worth of stock. At an expected return of 3-5% per month the logistics is horrendous, coupled with a 20% margin it seems like a lot of effort to make the same or less than contracting.

Saying that though for others what a fantastic business

Out of interest, with regards your current shop in Hampshire, why did you go for a bricks and mortar business and not implement it completely on line?

With your IT background, I would have thought that would have been the way to go.

[d000hg]

What's the danger with PayPal? Just that you have no direct connection of the cash with the goods bought?

PP makes it safer for buyers, because they are quite happy to grab the money back for you when it'd be a real problem going direct.

Sellers aren't always so happy, PP is said to discriminate for the buyers a lot.

[Aman]

I've never used it and I'm not keen on using paypal.

[MarillionFan]

Out of interest, with regards your current shop in Hampshire, why did you go for a bricks and mortar business and not implement it completely on line?

With your IT background, I would have thought that would have been the way to go.

Cant be asked

[EternalOptimist]

So I have one remaining shop. Which I plan to close in April next year(or sell if someone is dumb enough) then it's back to perm for me next year where I can concentrate 100% with hopefully a job in Singapore/Hong Kong or the US & CUK won't hear from me for another five years.

if you need any help and support mate

[Shimano105]

My PayPal account was hacked a few years back and the address was changed.

They alerted me so I immediately unlinked my bank account. Items turned up at my address (even though the hackers had changed it) which I refused to accept, obviously.

PayPal threatened legal action because they could not take money from my account. This after they assured me cash would not be taken. So why did they not send the police to the changed address?

Very dodgy, trust no one and only your instincts.