Checkoutmycards.com

[pedro45kobe8]

Originally Posted by mwheeler27

So...what is your COMC user name? It would be great if you would post a link.

sorry....yeah i guess that would be nice!!
pedro45kobe8's Cards - CheckOutMyCards.com

Items in Inventory 3,714
Total Book Value $10,368.45
Items w/o Book Price 12
Total Asking Price $1,802.11


I WILL TAKE 50% off for the ENTIRE PORT!!! THAT WOULD END UP BEING 91.3% OFF bv

[pedro45kobe8]

Originally Posted by hockeyjunkie99

That is RETARDED!!!! That gives them an extra 5% for doing nothing!!!!

In order to get $100 cash in your paypal account, you need $125 of store credit (20% of $125 is $25). If you only want to spend $100 of your store credit, then you will then only get $80 (20% of $100 is 20). They are basing the 20% cash-out fee on the amount of store credit you are cashing out.

[go_steelers07]

Originally Posted by hockeyjunkie99

That is RETARDED!!!! That gives them an extra 5% for doing nothing!!!!

you're doing the math wrong HJ.

if you want to cash out $100........ you need to have $125 in store credit.

if you wanted to cash out $80....... you need $100 in store credit.

let x= amount of store credit
let y= amount you want to cash out

the way to calculate it is:

(x-(x*.2)) = y........ or:

x(1-.2) = y.............or

x*.8 = y................or:

x = y/.8

so if you want $100 to go to your paypal account, then you need to have:

x = 100/.8.........or x = $125 in store credit.

[hockeyjunkie99]

Originally Posted by pedro45kobe8

In order to get $100 cash in your paypal account, you need $125 of store credit (20% of $125 is $25). If you only want to spend $100 of your store credit, then you will then only get $80 (20% of $100 is 20). They are basing the 20% cash-out fee on the amount of store credit you are cashing out.

I understant that but they are basically telling you for you to cash out $100 you have to pay a fee of 25% not 20%. The 20% fee should not be tacked on to the cashout amount of $100. $100 cash out at 20% is $20 so it should be $120.

[CaptainBOHICA]

dont forget to factor in the cut that paypal will take right off the bat if you have a premier acct

[pedro45kobe8]

Originally Posted by hockeyjunkie99

I understant that but they are basically telling you for you to cash out $100 you have to pay a fee of 25% not 20%. The 20% fee should not be tacked on to the cashout amount of $100. $100 cash out at 20% is $20 so it should be $120.

Your not paying a fee of 25%. Your cash-out amount is not $100, it is $125. You are cashing out $125 of store credit. That is the amount that is subject to 20%.

It's just like saying if you have a card worth $125 and you mark it down 20% off bv you will ask for $100.

[mwheeler27]

They're not charging you a 20% fee on your cash out amount. They are charging you 20% of your sales if you then decide to cash out.

Besides, you're supposed to spend that money on one or two of my high-end cards. That was the deal. LOL

[ohiomike]

If they took $20 for every $120 they removed from an account, that would only be 16.7% that COMC would be getting for their cashout fee. While you may feel that 16.7% would still be fair, its not the 20% that they advertise upfront.

[mwheeler27]

Surely there are a couple of other ways to explain this. LOL

[crr9381]

either way, i would like to have tha problem where i need to calculate how much money i would get from cashing out. Honestly though, you might be better off buying a card on there and then selling it elsewhere, such as ebay than take the 20% cut.