Ebay Fees Gone Up
- Thread starter Balb0wa
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Balb0wa
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July 10th they went up
Good news for business sellers, bad news for private sellers especially those masquerading as a business. As of the 10th July 2012, eBay have just jacked up the maximum final value fee for private sellers from £40 to £75. In other words if youre selling something which goes for more than £400 youll be paying more in fees.
From now on (July 10th) anything sold by a private seller over £750 will attract the new maximum fee of £75.
There are two ways of looking at this firstly eBay are gouging on fees as and where they can. Theres nothing wrong with this, theyre running a business just like you and I. However for private sellers with high ticket items to pay theyre not going to be too happy to discover just how much its now going to cost them to sell on the site.
From the other perspective business sellers have been paying increased fees which are at the highest level that theyve ever been. It seems somewhat unfair that if they sell a £1000 item that theyve been paying around £100 in final value fees whereas private sellers only contribute £40 to eBays funds.
eBay do spend zillions on the platform both in technology and marketing. One cant help but hope that the extra money from private sellers will go some way towards plugging the inevitable gap in eBays budget created by the impending end of free Google Product Search, when they start paying for Google Shopping.
Good news for business sellers, bad news for private sellers especially those masquerading as a business. As of the 10th July 2012, eBay have just jacked up the maximum final value fee for private sellers from £40 to £75. In other words if youre selling something which goes for more than £400 youll be paying more in fees.
From now on (July 10th) anything sold by a private seller over £750 will attract the new maximum fee of £75.
There are two ways of looking at this firstly eBay are gouging on fees as and where they can. Theres nothing wrong with this, theyre running a business just like you and I. However for private sellers with high ticket items to pay theyre not going to be too happy to discover just how much its now going to cost them to sell on the site.
From the other perspective business sellers have been paying increased fees which are at the highest level that theyve ever been. It seems somewhat unfair that if they sell a £1000 item that theyve been paying around £100 in final value fees whereas private sellers only contribute £40 to eBays funds.
eBay do spend zillions on the platform both in technology and marketing. One cant help but hope that the extra money from private sellers will go some way towards plugging the inevitable gap in eBays budget created by the impending end of free Google Product Search, when they start paying for Google Shopping.
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The real problem is that there is no real alternative, so they can charge whatever the market will allow.
Forums and the free alternatives like Gumtree sometimes don't deliver in the way eBay does.
As an example, I've just had a 500D to sell, decided to try AVForums over the weekend, not a peep (not even the lowballers), when I check how many people where viewing the camera classifieds at 8pm on Sunday (prime time IMO) there were 7 people!
I moved the ad here on Tuesday, and put it on Gumtree. I then dropped the price and invited offers (I would have been happy at £250), nothing here, and only 3 scammers wanting it posted to Nigeria at Gumtree.
I advertised it on eBay as a Buy it Now with offers just after 7pm on Thursday, it was sold around 9:30pm at full BIN price. Even after all the fees I will end up with £256.
As long as eBay are so successful, and have such a stranglehold on the market (give them their due, they do bring the buyers in), what is the option?
Forums and the free alternatives like Gumtree sometimes don't deliver in the way eBay does.
As an example, I've just had a 500D to sell, decided to try AVForums over the weekend, not a peep (not even the lowballers), when I check how many people where viewing the camera classifieds at 8pm on Sunday (prime time IMO) there were 7 people!
I moved the ad here on Tuesday, and put it on Gumtree. I then dropped the price and invited offers (I would have been happy at £250), nothing here, and only 3 scammers wanting it posted to Nigeria at Gumtree.
I advertised it on eBay as a Buy it Now with offers just after 7pm on Thursday, it was sold around 9:30pm at full BIN price. Even after all the fees I will end up with £256.
As long as eBay are so successful, and have such a stranglehold on the market (give them their due, they do bring the buyers in), what is the option?