New Ebay Fee Structure in March

They don't force you directly as they can't it would be a monopoly, but they do force you to use an electronic form of payment and with the stringent buyer protection programs what buyer would want to use any other.

 

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Which, probably 90% of the stuff that sells on there falls in between that general range. They didn't do this as a favor to people. I agree that it is a smoke screen. The listing fees have always been cheap. The final value is where you get hammered and that just went up (for most).

I really wouldn't mind it but then when you finally get hit again with the 3% paypal fees, now the sale is really not looking as good as it originally did. The price you pay for instant and reliable cash online I guess.
But figuring the banks make billions a year off of ATM fees at 1 to 2 bucks a crack, you'd think a few bucks would be sufficient. As opposed to a flat 3%.

Most buyers don't realize that sellers are losing (at bare minimum) an 11%, now 12% cut to ebay when they send paypal.

Hey, they have shareholders to answer to.

By Ebay's own account, the site 'averages' $80k in sales per minute, worldwide. 12% of that is $9,600. There are 525,600 minutes in a year. Do the math.

 

A Typical CT Seller Scenerio

You are correct that there's no one answer which fits all, but the hypothetical sale was one that I felt would be representative of the average seller on this site, as the fee changes adversely affect virtually all eBay auctions having a final sales price less than ~$550. The coin was listed in 2 categories, a proposition eBay strongly promotes, which I believe doubles the insertion fee to $4. I would suspect that the average CT seller doesn't list without a reserve. I believe the auction is realistic, and reasonably representative to allow the average CT initial seller an understanding for determining realized expense/return. The stated auction was meant for education. I beg to differ with your assertion that Paypal (or the 2 more expensive options allowed) aren't mandated, as I 've had several auctions removed while trying circumvention. I believe that you'll find that even with your proposed changes, the net percentage is 17.86%, and gross percentage is 15.15%. It's easy to say "find a cheaper auction house", but there are few having the active participation of eBay. I use numerous venue for sales, dependent on what is being sold, and will personally benefit from the changes, as many of my sales are appreciably greater than $550, or have a starting price less than $1, without any reserve. You're correct that there are other options, but eBay is probably best for "intermediate" sales, knows their "Cash Cow" sector, and is proceeding with a perceived slaughter. Thanks for your insight. :high5:

 

Let's not be fooled. eBay is a publicly held company that must continue to show an increase in earnings to keep investors happy which keeps the stock price from plummeting. The only way they can do it is to increase volume/transactions, raise site advertising fees, reduce corp head count or what they always do raise fees.

 

No, PayPal is not required. You may use Mastercard, Visa, and I assume even American Express. The point being they have an electronic payment to both track and back up their guarantee.

 

Bummer, I was just getting to like the 5 free auction listings every 30 days with the final value fees capped at $20. Was great for someone like me (and many others) who would occasionally sell coins valued at over $500. Saved me lots of money when listing coins in the $1000-$5000 range. But of course, looks like the new structure is eliminating the 5 free listings a month too. Could be the end of my eBay selling days!!!! And I'm sure this isn't going to make buying on eBay any better as I'm sure many sellers will jack up their prices or possibly abandon eBay altogether.

 

Meg Whitman needs the money to run for Governor of California.

 

I agree. It was awesome!

I'm seeing the rate hike as a deal breaker for most of my selling.

The old fees:
$0.01 - $25.00**
8.75% of the closing value
$25.01- $1,000.00
8.75% of the initial $25.00 ($2.19), plus 3.50% of the remaining closing value balance($25.01 - $1,000.00)
Equal to or Over $1000.01
8.75% of the initial $25.00 ($2.19), plus 3.50% of the initial $25.01 - $1,000.00 ($34.12), plus 1.50% of the remaining closing value balance($1000.01 - closing value)


Now it's to be 9% to $560. I'd rather pay a 15 cent insertion fee.

 

I believe you will find that those credit card payments, when used on eBay, are only acceptable through Paypal. As a "Top Rated" eBay "Power Seller", I'm often paid with a credit card, and the funds are received through a Paypal merchant account, as explained:


Credit card or debit card to a seller with an Internet merchant account

√ Payment is convenient and immediate. You pay directly from the item listing page or email notification.
√ Your payment is secure. When you pay with a credit card using the eBay Checkout Pay Now button, your payment is processed without the seller ever seeing your credit card number. The seller receives email notification of your payment.
√ Payment is traceable. You can track the status of your payment using My eBay or your credit card account.
√ You may have some liability coverage. Your credit card company may provide a certain level of purchase protection. Contact your credit card company to learn more.



Thus the Paypal fees, regardless of payment method. I believe there are exceptions for some categories, such as automobiles. If you determine a method by which Paypal fees are avoided, I would be very interested in learning of same. Thanks for the clarification of your "understanding".

 

I think the net of it is that more people will do the math (or not do the math and get surprised when the bill arrives) and then make the decision to stay or go.

I briefly saw a blurb somewhere that eBay stock jumped when they made their earnings forecast for 2010. I suspect we now know how they are planning to get there. Somewhere in their "ruthless MBA" calculation they've probably made an assumption about how many sellers will leave the site. If that calculation proves correct, the amount of caring over at Corporate will be zero.

 

All very true, but at some point they will find that raising the fees will not result in an increase in revenue, but rather a decrease.

 

I just visited the link you posted.They want money up front before you can sell there.Maybe it's a modest amount compared to ebay fees,but still....I did not see that untill registering.

 

This site requires a fee for selling,weekly,monthly and yearly.I just registered and I only saw them after registering.Modest compared to ebay,but it's a fee and no guarantee your item will sale.

 

Here are Valley Coins payment instructions

diamondmastersusacoins payment instructions

kylevick3 payment instructions

Do you need more examples?

 

E-bid only charges a one time fee of $49 for sellers thats life time!

 

Clarification Of Understanding

I stated: "I believe you will find that those credit card payments,
when used on eBay, are only acceptable through Paypal." You
are correct, that if you as a buyer, can determine a method for
direct contact with the seller, the seller will pay the fees directly
to the Credit Card issuer. My Sales auctions, in the past, when
including direct payment information, have been canceled by
eBay. Rules may have changed recently. I will insert into a
current auction the statements which you've shown in your
examples, to determine if the eBay search engine cancels the
auction. Regardless, the seller will pay either Paypal (or Credit
Card issuer fees) as shown in my hypothetical sale cost/profit
determination example. The exception for the fees is if the
buyer personally meets the seller, and pays cash. Thank you
for the clarification examples of your payment understanding.

 

Well, for the lifetime of E-bid.
Plenty of "lifetime" web presences have come and gone.
Don't ask me how I know.