I run a web store on the side, and if GBuy can come up with the same type of merchant rates that PayPal can, I'm completely sold. I've never been screwed by PayPal (yet), but I've heard the horror stories.
It becomes psychological. I'm an armchair sniper for everything I do on eBay for the following reasons:
1 - People get emotionally invested in auctions for items they really want, especially eBay newbies. By competing with them, you are goading them into increasing their maximum - which screws you as much as it screws them. When the competitive spirit is introduced your price jumps up.
2 - Normal non-sniping bidders most likely will not be watching the final seconds of an auction, so you deny them the opportunity to revise their bid and possibly outbid you; again, this comes down to the competitive spirit and peopel going "weeeeeeell, I suppose I can pay $30 instead of $25..."
3 - As other poster suggests, you hide the true value of something. Most seasoned eBay users will simply go to identical past items to get a bead on what to expect, but often I see auctions go *above* MSRP. You do not want to give away what you're willing to pay for it until you absolutely must.
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I run a web store on the side, and if GBuy can come up with the same type of merchant rates that PayPal can, I'm completely sold. I've never been screwed by PayPal (yet), but I've heard the horror stories.
It becomes psychological. I'm an armchair sniper for everything I do on eBay for the following reasons: 1 - People get emotionally invested in auctions for items they really want, especially eBay newbies. By competing with them, you are goading them into increasing their maximum - which screws you as much as it screws them. When the competitive spirit is introduced your price jumps up. 2 - Normal non-sniping bidders most likely will not be watching the final seconds of an auction, so you deny them the opportunity to revise their bid and possibly outbid you; again, this comes down to the competitive spirit and peopel going "weeeeeeell, I suppose I can pay $30 instead of $25..." 3 - As other poster suggests, you hide the true value of something. Most seasoned eBay users will simply go to identical past items to get a bead on what to expect, but often I see auctions go *above* MSRP. You do not want to give away what you're willing to pay for it until you absolutely must.