AJ, I am also very excited about these new changes for Powersellers. I think we deserve a brake for a change. I pay out over about 150 per week in fees and I can't wait to see that number go down.
Old rates: New rates: Granted, you can get a discount, but the discount is a lot less than the increase in fees - except for over $1000
I received an email several weeks ago that ebay would be "lowering the fees" as well. Oh yes, a 3.5% plus .25% increase in final value fees is really lowering them. Not to mention the fact that now us sellers cannot even leave negative feedback for deadbeat buyers!! All I can say is this is friggin ridiculous. I made my opinion on the matter known to ebay with this message I sent them here: http://pages.ebay.com/help/newtoebay/suggest.html. If you don't like their soon to be policy I'd send them a similar message...maybe if enough people voice their opinions on the matter they will revise it again. But I won't hold my breath. :headbang: "Regarding the new Feedback system that will be implemented this May...as both a buyer and seller, all I can say is WOW! How can you possibly think that allowing the buyer to hold ALL the Cards in a transaction can be a positive change on the marketplace? We as sellers, value our feedback to get good prices for our products. I do not want anyone who is leaving negatives for other sellers indescriminatly bidding on my items. This new policy leaves no way of knowing if they are doing that ahead of time. We as sellers at least need an option to block bidders who have left ANY negative feedback for a seller in the last 30 days. PLEASE! This could be the deathblow to ebay as you have known it if you do not re-think this strategy from your paying customer's (ie. SELLERS) point of view. Thank you."
I do not sell much on ebay mostly buy. But when I read the email didn't pay much attention to the fees (ebay making more under while pushing it as a fee cut - HOW SHOCKING) but when I read the positive feedback only for buyers I was taken a back. Glad to see I'm not the only one that thinks this is wrong!
I'm betting the over on the prediction of the % of increased negs left by buyers. It is also going to make it harder for legit buyers to know who really is a good seller if it gets out of control. Sounds like a roller coaster ride.
I just skim the new rules and it seams to me that if you list an item for $100 you save 40 cents, if you sell it for $100 it cost you $3.50 more. what a deal!!
Potentially, eBay has also granted themselves to authority to arbitrarily force a seller to allow a buyer to pay via a credit card merchant account, that failing (ie. the seller has no such account), forcing them to open/allow a PayPal account. Upon use of the PayPal account to accept payment, the power is then granted arbitrarily for PayPal to hold YOUR money for 21 days. This is after the fact that they may have already forced you to accept PayPal payment to begin with. Even with a merchant account, money is not automatically removed from your account or use as soon as a purchaser files a complaint. There must be a proper investigation in the matter. Each merchant account agreement is different, but a 21 day hold of funds when there is no complaint is unheard of by myself. But, then again, most merchant accounts require a specific percentage in the account based on expected/actual receipts. So this could be taken two ways.
They are allowing sellers to make a no-bid list of up to 1000 buyers The new feedback system will also float for a 365 day period, only the last year will reflect in the percentage... The buyer feedback issue is to be addressed more specifically in Friday mornings webcast, sellers are screaming as you can imagine...... As a mainly store seller, I always pay roughly 10% fees and consider that a bargain. If you really think about it, anywhere else, it is generally a 15% fee AND A BUYERS fee of 15%....you don't think that bidders figure that in? Flame me if you want, and I have had my fights with the BigE, but there is no better place as a seller on the planet.....10% fees with the foot traffic of a major show every single day of the year? Buyers able to search specifically for your type of items? My opinion is also this....if you do a fair square deal and shoot straight, you have nothing to worry about. The new filter system will quickly weed out the bad news buyers, and word spreads also.....the " block this bidder" list does get around thru the grapevine you know. Simply put, my opinion is that it will force the crooks to either fly straight or get lost, that includes BOTH buyers and sellers. EDIT: as for the concerns about paypal from NPCoin....Paypal increases prices realized, I have tried the no paypal thing, bidders stay away. Also, any responsible seller SHOULD have at least the $$$ in paypal to cover ANY and every item sold, in case of a return or catostrophic emergency where your entire shipment gets lost. You should not spend it untill you have received pos communication from the buyers.....IMO. I'd hate to be on the spot to tell a buyer I already spent his refund....
Actually Jack, right now the no-bid list goes up to 1000. It's going to go up to 5000 when these changes go into effect. http://www2.ebay.com/aw/core/200801.shtml#2008-01-29054823
Regardless of whether or not ebay is the "cheapest" they are because of the volume. They make more than a ton of money. How else could they afford all of the advertising? That's point number one. Point two is it's great if you're a powerseller. Woohoo! I'm not. Actually haven't sold in months and may never sell again on ebay as there are cheaper places if you are NOT IN A HURRY to turn a profit. Point three is more confusion on the site. A quick perusal of the "changes" shows a bunch more terms that will be used as "initials". What's next? Ebay offering books so you can determine how in the hell to navigate the site to get anything accomplished? IMHO ebay is turning into a venue for power sellers only. I know a lot of you guys (power sellers) from this site and like you. Conversely I pretty much hate most power sellers as they power sell a lot of garbage. Now a lot of smaller sellers will not see this besides people like us on CT so ebay will rake in even more money. Good for them it IS a business after all. One that I am very tired of frankly. I may buy there from time to time but don't see me doing a lot of selling. Honestly I'm good with that. It will give some "unknown" sites a chance to grow.
They are cheaper still, but it still falls into the "you get what you pay for" addage. Me, I haven't sold on eBay in almost a year and I don't really miss it. I Had more than 10,000 transactions prior to closing up my eBay business (with no negs and only 1 neutral) and was quite good at it. But it is nice when I sell a coin now through one of the big mainstream auction houses to know when I will be paid and that I will actually be paid (and not have to hound dead-beat bidders, or deal with Paypal's many issues), and that someone else is doing all the work of listing my coin. That is a fee I am willing to pay. eBay is a discount selling place with little to no real protection, I'm glad I don't deal with that anymore.
No argument with any of that. However, there is one little thing. What about the sellers offering low value items ? The auction houses don't even want to deal with them. That's what ebay is for - the little guy. And that's what makes them successful because there are so many little guys. When ebay started they saw a niche and they filled it. It wasn't even conceived of in the beginning that they would be so successful with coins and numismatic items. But it just took off because the little guy suddenly saw a way for them to capitalize with low value items. Now if you are selling or buying coins worth more than a couple hundred dollars, I agree 100% - forget ebay and go with the dealers, auction houses and shows. You'll be a lot happier in the end and you'll have a lot nicer collection.
Ebay was started ( EchoBay.com was taken ) so Pierre could help his wife get rid of her Beanie Babys.......
I think sellers should be required to leave feedback first. The seller is rating their customer's transaction, not feedback left by the buyer. I have sold a few items there and have always left feedback first. I think this would be a better option than only allowing positive feedback for buyers.