Industry survey: Australian online bullion shopping survey

Discussion in 'General Precious Metals Discussion' started by goldpelican, Jun 9, 2013.

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  1. plata

    plata Member Silver Stacker

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    done!
     
    plata, Jun 12, 2013
    #41
  2. Silvermonkey

    Silvermonkey Active Member

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    Done :)
     
    Silvermonkey, Jun 13, 2013
    #42
  3. boyd_05

    boyd_05 Member Silver Stacker

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    Done :cool:
     
    boyd_05, Jun 13, 2013
    #43
  4. goldpelican

    goldpelican Administrator Staff Member

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    Quite a number of respondents are flagging the desire to pay for purchases online via PayPal or credit card without surcharges. Just would like to point out in the interim to the results being released that the surcharges on these payment methods are often higher than the gross margins on the items being purchased.

    Some bullion items have margins of 1.5 to 2% - paying for these items (in full) with payment methods that incur anything from 1.1 to 3% surcharges (sometimes in addition to other merchant/gateway fees) without this surcharge being added is simply impossible. Markups in "regular" retail can be up to 200% - so there's plenty of room to absorb these costs, but not in the bullion industry.

    Over 150 responses, still rolling in, so keeping it open a while longer.
     
    goldpelican, Jun 13, 2013
    #44
  5. silver addict

    silver addict Active Member Silver Stacker

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    survey completed,

    thanks
     
    silver addict, Jun 13, 2013
    #45
  6. Marco55

    Marco55 Member

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    Done. No problems.
     
    Marco55, Jun 13, 2013
    #46
  7. Crunchy Nut

    Crunchy Nut Member Silver Stacker

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    Paying by either paypal or by credit card is sometimes worth the added cost the bullion dealer would put on top GP. I don't expect anyone to sell at a loss and would be more than happy to have the charge on top as long as I can have that option.

    I have some accounts come in monthly , so being able to buy with credit card at a low point in spot , rather then wait till the money comes in is a great way to get more of my business ( imho). :)


    edited for grammar
     
    Crunchy Nut, Jun 13, 2013
    #47
  8. bloomst

    bloomst Well-Known Member Silver Stacker

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    Isn't it free to transfer it to your bank accouint?
     
    bloomst, Jun 13, 2013
    #48
  9. boston

    boston Well-Known Member Silver Stacker

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    Paying by credit card or PayPal, is a great way of the government tracking your purchases, for later retrieval.
     
    boston, Jun 13, 2013
    #49
  10. Eruaran

    Eruaran Member

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    Done!

    PS: I only buy from one dealer cause if you treat me right I'm a loyal old dog.
     
    Eruaran, Jun 14, 2013
    #50
  11. Dirty White Boy

    Dirty White Boy New Member

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    reported
     
    Dirty White Boy, Aug 7, 2013
    #51
  12. Willow

    Willow New Member

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    I filled it in GP. It was interesting for me to hear my views confirmed as well. Good short to the point survey, well done.
     
    Willow, Aug 30, 2013
    #52
  13. bricklayer

    bricklayer New Member

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    GP: Any updates on this? Have you published the results here?
     
    bricklayer, Apr 10, 2014
    #53
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