EBay Announces Lower Final Value Fees to Combat Amazon
March 20, 2013 10:39 AM
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eBay cuts prices to woo more sellers
It appears that eBay is feeling the heat from competitors Amazon.com. Amazon has racked up a huge number of buyers and sellers thanks in part to the company's successful
service. EBay is still the most popular online auction site out there, but over the years has raised a significant amount of ire from sellers over their high fees and practices at both its auction site and its PayPal payment portal.
As a result, eBay has announced that it's lowering its fees for sellers by simplifying its final value fees with a percentage fee levied on each item sold that varies depending on product category. As it stands now these final value fees are a percentage of the items selling price. The online auction giant has also announced that some of its listing fees will also be eliminated with most changes taking effect on April 16.
"For most of our sellers the complexity of our fees were keeping them from being on eBay and preventing them from having full transparency into their profitability from selling on eBay," said Michael Jones, vice president of merchant development.
Sellers who list fewer than 12,250 items during any given month will see lower fees according to ChannelAdvisor CEO Scot Wingo.
Under eBay's new plans, sellers will get 50 free item listings per month and if the item sells, eBay will take 10% of the sale price, which still seems rather high. High-volume sellers will see new final value fees that range from 4% to 9% depending on the product category.
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RE: F%ck eBay/PayPal
3/20/2013 9:17:35 PM
Their listing fees are equally evil. Think about it, they are nothing more than a few hundred kbytes in ebay's hard drive farm. A seller with a large number of cheap goods that sell slowly will not be able to put up all his listings w/o paying a hefty fee. I don't know what eBay is thinking about -- that will actually translate into lower sales because the seller will just put up less listings.
On top of that, PayPal's so called Seller Protection is a joke. I have never gotten protected when a buyer asked his/her credit card company for a charge back. What they ask for "proof" is laughable -- signed purchase order. Please tell me one online retailer that does that before selling something to you. On the other hand, Amazon's charge back protection has a much higher chance protecting the seller (sometimes Amazon would absorb the charge back -- good luck asking PayPal for that.)
RE: F%ck eBay/PayPal
3/20/2013 10:07:18 PM
I haven't paid very many listing fees in the last few years - listings are usually free.
As a buyer, I just feel safer buying from Amazon, as you get all the reviews, which allow you to do better research on what your buying. While a lot of reviews are useless, there are enough informative ones to be confident in what you are buying.
RE: F%ck eBay/PayPal
3/21/2013 10:29:11 AM
Listing fees are irrelevant...and often free anyway. Sellers will keep postings up...because they want to sell things. The final value fees and the PayPal fees are the real BS. That's where they're gouging the seller.
But yes, there is no such thing as "seller protection" at eBay/PayPal. The seller will always get f%cked, and eBay will always steal money from the seller's PayPal account and give it to a fraudulent buyer if they ask for it.
And there's not the slightest thing you, the seller, can do about it.
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