Industry survey: Australian online bullion shopping survey

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.
 
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
 
Paying by credit card or PayPal, is a great way of the government tracking your purchases, for later retrieval.
 
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.
 
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