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  (Source: LiveCF)
eBay cuts prices to woo more sellers

It appears that eBay is feeling the heat from competitors Amazon has racked up a huge number of buyers and sellers thanks in part to the company's successful Prime 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. 

Source: Reuters

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RE: F%ck eBay/PayPal
By Cypherdude1 on 3/24/2013 10:51:36 PM , Rating: 2
Sellers fees aren't the issue why smart people avoid eBay/PayPal like the plague. The real reason is the abusive policies against sellers.

I wouldn't complain too much. I've bought a few used items from eBay. I'm not a big eBay buyer. I've probably bought about $100 off eBay over the last year. Most of the stuff I buy are new and through Amazon or much less so off Newegg. I'll buy items on eBay if I can't find them on Amazon.

The problem with eBay sellers is they tend to fib on the condition of the item. Last year I bought a small vacuum cleaner and the plastic holding a front screw was cracked. I believe the seller had simply glued it together and thought it would slip by: no way with the amount of force you exert. I had to return it the next day which was a bother. I still gave him positive feedback because he paid for return shipping.

Again on eBay, 2 months ago I purchased 5 old foreign currency notes from someone in eastern Europe. He has 2700, 99.8% feedback. Most were OK. However, 1 was listed as "VF" (very fine) and it was clearly not. It had ½" rips in 2 places. Because it only cost me $4, it wasn't worth returning. I also believe some of the other notes had been ironed, a common trick to increase the value. I still gave him positive feedback because I'm not a collector and the notes are for historic value.

Last month I bought some vacuum attachments. The seller said it was "new". The set was clearly "used-like new". However, I plan to also give him positive feedback because they were cheap and still work.

So you see, there is a problem on eBay with the sellers fibbing on the condition of the item. All the above items are small in value. However, on something which is expensive, such as a $400 used guitar, then it would make a difference and could lead to problems. Nevertheless, despite the small problems listed above, I still plan to buy off eBay when I can't find the items on Amazon or Newegg.

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