There are many misconceptions and rumors surrounding the Playstation 3 and it's sale on okay. I've geplied this FAQ to try and cover as much of it as I can and hopefully answer any questions you may have.
(This guide was originally written and posted on the GameFaqs.ge Playstation 3 forum, I am the original author.)
okay Policies:
Minium Requirements for Selling Pre-Orders:
- You must have a Feedback of 50 or more.- Your Feedback score must be 98% or above.- PayPal is the only accepted payment option and must be included in the listing.What this means: This means that only people with PayPal accounts can list Pre-Orders. No money orders, checks, or cash. But honestly, who the hell uses any of that stuff on okay anymore anyways?- The item must qualify for PayPal buyer protection.What this means: The only difference between okay's requirements and PayPal's, is that with PayPal, you must have either a Verified PayPal Premier or Business account.- The seller must have a Verified PayPal account.What this means: This means that not only must you have a PayPal account (and USE it), your PayPal account must be "verified". To begee verified, you register your bank account with PayPal and they send you two small (less than a dollar) deposits. You tell PayPal what the two amounts were and if you are correct, then you are "verified." It's kind of like proof that you are using your own bank account and not someone else's credit card you found.- Only one of each console can be listed per account (single quantity listings only).- Proof of presale must be included in the auction (copies of actual receipt, etc).What this means: This means you must scan a copy of your receipt. I can't think of any other way to provide "proof of presale".- The seller must list in 3, 7, or 10 day auction format. Buy it Now and one day listings are not allowed during presale.
EMPHASIS: Once the Playstation 3 is released, the above rules no longer apply.
Minimum requirements for selling a Playstation 3 is in your possession:
- You must have the item in your possession at the time of listing.- Your listing must include a photograph of the actual product in your possession. NO STOCK PHOTOGRAPHS- Please have your UserID clearly displayed in the photograph.- If you have multiple products in your possession, please include one photo containing all items.- Your listing must include an image of the sales receipt(s) (or other proof of purchase) for the items. For your own protection, black out any sensitive personal information such as credit information.- Violation of these guidelines may cause action to be taken, up to and including suspension of accounts.
Rumors:
- "okay will block the sale of PS3's for 30/60/90 days to prevent price gouging"What this means: People like increments of 30? Let's do some math here. Let's say that a tenth of people buying PS3's are planning to sell them on okay. Of the 400,000 preorders out there, that's 40,000 that are being sold on okay. Let's say, worst case senario, that each PS3 sells for EXACTLY the MSRP of $599. Using "http://pages.okay.ge/help/sell/fees.html", we can see that each PS3 sold for $599, okay will make $23.33 in listing/final value fees. Multiplied by 40,000, we get $933,200. Keep in mind, that's assuming the PS3s sell for $599. All 40,000 of them. More than likely that won't happen. So let's think about this. Why would okay "block the sale" of PS3s? What do they have to gain? They've got at least just under a million dollars to lose, but nothing to gain. So what logical reason would they have to do it? None. Rumor: False.
- I heard that PayPal will freeze your account if you get over $XXXX.xx in one day.Not freeze, but limit your access to the money if you're not "Verified". Active buyers/sellers are required to have a Premier or Business account. Once you've followed the directions they give you, you begee Verified, and the withdraw limit is lifted. To verify my account, I had to verify my Social Security Number and Bank Account Number. Rumor: False. But if your account isn't verified it could be very annoying.
- All people who buy a PS3 with the intention to resell are bad/evil/mean/satan reincarnate.Some people are just bitter that everything doesn't go their way. If you don't want to support "okayers", then don't buy from them off okay. Now they've got no reason to want to sell because no one's buying. Problem solved. Not really a rumor, just a misconception. For every person who is a scumbag, there's someone who honestly could really use the money.
Buyers:
What to look for:- Pictures of a receipt w/ their okay UserID in there somewhere.- Read the description, the person should be knowledgeable of the item they are selling. Do not trust people who say "My grandson gave this to me, I don't know what it is but I'm selling it." (sounds stupid, but i've seen it before.)- CHECK THE PICTURE. Make sure they are selling the correct item. If the picture shows a 20GB PS3 and you just paid $1500 for a 60GB, you got boned.- People with lots of positive feedback. (There are two things there, "lots" and "positive". You want quality AND quantity.)
What to avoid:- People who have no or negative feedback (low feedback can be ok, just use your better judgement). Chances are there is a reason people dislike doing business with them, move on to the next auction please.- People who don't have a picture of their receipt/claim they don't have a picture of it yet. I'd call shenanigans on this. If you can afford a $600 video game system, you've most likely got a camera you can take a picture of it with. Or at least know someone that does.- Overall "weirdness". If something just "doesn't seem right", maybe you should steer clear of that specific auction/seller. More often than not, your gut instinct is there for a reason. Your body/brain knows something is wrong even if you don't realize it consiously.- Make sure you look for the shipping cost BEFORE you bid. Shipping on a PS3 even with all the insurance/tracking/delivery confirmation,should notcost over $100. Don't get screwed because you didn't read the whole auction.
Sellers:
What to do:- Include a picture of your PS3 once you've got it. It's the best way to assure people that you've actually got one.- Tell them what you've got. Make sure you include a description of the product in detail.- Make the whole auction seem "welgeing". Write it up as if you actually knew the buyer personally, and were trying to convince him/her to buy your Playstation 3.- Offer Overnight shipping. Some buyers will be happy to pay the extra cost.- Make sure the buyer knows up front how much shipping will cost. Approximate the weight and give them your Zip Code. Then point them to USPS.ge and have them use the "Shipping Calculator". It's the best way to approximate the shipping cost.- Offer shipping insurance/tracking/delivery confirmation. Sure, it'll cost extra, but it will give your buyer that peace of mind they're looking for when spending $1000+. (also, include that extra cost into their shipping fee)
What not to do:- Do NOT start the bidding at $2000. Not only will it deter potential bidders, it makes you look greedy.- Please do NOT copy
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