I have been thinking about this while I have been working on a few orders...and here is what I concluded for ME. Later, maybe I will change my mind...but for now I make my living teaching science. I make bows as a hobby/business. Yes, I will make money on them, but only at the cost of working overtime...considerable overtime that is.
I have met some bowyers in my life that can put together a bow in as little as 6-8 hours of shop time...and that work in their bow shop using their eye they cut out a riser that "looks good"...roughing out a riser and tiller their bows with a rough belt sander...do some quick mild sanding...and then put on a quick one or two coats of a spray on finish and out it goes. I don't work that way. Every thing I do in my shop takes me a long time because I seek extreme precision. It is my nature and probably why I have two degrees in science.
For ME to make the bow I WANT, it takes me close to 30 hours of work from start to finish, and costs an average of about $250 per bow (if they do NOT have snake skin) in order to cover supplies, materials, maintenance of tooling, website, and such...which I view as costs of doing business. I am NOT complaining though as I ENJOY EVERY BIT OF IT. It just comes down to what I am willing to put my name on. My name won't go on something that I myself wouldn't want. Even my "scrapper" bow was top shelf IMO. There is a very high probability that my production will be limited to my time since I do make a living teaching science. This means, I get paid about $18 an hour to work overtime (and spend less time with my family). Again, I do enjoy it, so I am not complaining, but I think it is only fair to ask the customer to pay for what they want.
In my opinion, Paypal isn't a cost of doing business. PayPal however offers two things to the customer. 1. Buyer protection, and 2. Convenience. Those two things are listed to cost about 3%, but after a few transactions I see it is actually higher than that for some reason (I don't know why yet). For a $800 transaction, it will cost me more than $25...when in reality I would rather just do the old fashioned money order. PayPal doesn't offer me any protection. It doesn't offer me any convenience. It is a service to the client. So, I have decided to charge the 3% for those that want that convenience or protection.
If a customer thinks that is unreasonable, well...maybe I will change my mind if I ever go full time. For now though, I can only make 50 bows a year MAX, so I am going to do it that way as it just makes the most sense to me.
Thanks everyone.