eBay "required" 90 day returns

It has been almost two months since I bought something off eBay so I am not feeding it much.

It got to the point that there were far too many people using eBay to rip off people and eBay did not have the manpower with the the essential knowledge required for every category listed on their site to enforce the rules and ban the sellers who were destroying their credibility and that is how we got to the present eBay we so love and adore.

 

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I completely agree with you. The rules and polices they put into place were done as a "knee-jerk" reaction to their own inability to enforce their previous rules.

 

It's an opt in thing. If you don't like it, you can set a shorter return period. Or you can freak out about it and leave ebay in a huff and rant about it. If you left ebay already, you can still rant about the new policy too.

It's a bit risky, but it should be great. They're going to be marketing the heck out of it and the shoppers will turn out in droves. It'll be like Walmart on Black Friday. People will be busting down ebay's virtual doors, trampling the weak, and buying with abandon.

 

True, like I said, s/b only if not as described, pictured, etc. - but, not because you changed your mind, after the next higher bidder is gone.

 

my point is, it doesnt matter who bought it, you or your friend, they still collected their fee. thats all.

 

A 90 day return policy is ridiculous!! It will take up too much time to be worth it for buyer or seller.

 

It's this targeted at the big power sellers? The guys who move a ton of inventory and make eBay a lot of money. It seems to me that they would always have a large accounts receivable so having such a return wouldn't be that big of a deal. It makes sense from eBay's standpoint. It makes them look better to the buyer (which is where their cut comes from) and it gives the big sellers a discount.

I know the policy sucks...but from what I can tell it's not required and I can see the allure for eBay.

 

I've been watching their announcements and changes over the last few years and reading between the lines - they are definitely going after Amazon. Policies like strongly encouraging everyone to use tracking, their "buyer is always right" philosophy and the promoting of using buy it now are all examples. All of their policies are meant to encourage sellers to operate like a traditional store so that eBay can brand itself as an alternative to Amazon. Despite all the people on here who swear they would never buy or sell on eBay, there are hundreds of thousands of coins for sale at all times and it is still the easiest and most reliable place to buy and sell them in my opinion. If you are dealing in really high-end stuff then you have more options, but if you want a 1938 French 1 franc to fill your set, where is it easier to find it, and where is it easier for someone to sell it? The other online auction sites just don't have the traffic.

 

3 issues Could bring the 90 day returns
1st
1/10/2011 250,000 Sellers were ether band or put on a restricted payment time. Payment when Feedback was given + If no feeback was given by Buyer seller waited 90 days.
eBay/Pay Pal are being sued for 1.5 billion dollar by the 250,000 sellers .Lawyers will get the most if won.
2nd
Ngc+Pcgs are using 2 prices at their websites. There graded price and last sold on eBay price
3rd
Trying to get More traffic going to eBay. eBay over all Sales fell almost 40%-45% in last 2 years

A 90 day return is to long and should not happen. People will drive up returns 50% or more.
Bullion metals that can drop fast that will cause 25-30% of the 50% returns

 

You could buy coins, then you have 90 days to resell them at a profit. Whatever you fail to sell, just return it. You know that will be someone's business model.

 

Bullion is excluded from this policy. I'll bet the increase in returns is minimal. If someone is going to return something...they will do it fairly quickly.

Maybe some, but not many. Remember too, this policy isn't directed at selling coins. It's directed at selling almost anything. Like I said before, this is just another step towards eBay trying to become the next Amazon.

 

I have to say, I've sold hundreds of coins on eBay, and no one has ever asked for a return. I question if this is really that big of a deal. And as someone pointed out earlier, bullion is not covered by this policy.

 

I don't think it is. It's an optional thing sellers can choose to join and if they do they get a discount on fees.