Soldato
Just got the email and wondered if I misunderstood what they meant.
eBay just removed fees for private sellers (Except motors)
- Thread starter StonedPenguin
- Start date
Soldato
- Joined
- 1 Oct 2006
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- 14,221
You wouldn't be the first, given how cut throat eBay have been with their fee scalping in the past. Think it was 12-13% of total sale last time I checked. Might have been more.
Seems a lot to give up for them, unless they're offsetting the lost revenue elsewhere.
Soldato
This part from the OP would help a bit:
"From 16 October 2024, private sellers will no longer have a payout schedule, as part of the launch of eBay balance. eBay balance will let you use the earnings from your sales to pay for items, postage labels, and cover other selling costs on eBay.co.uk. You can still withdraw your payouts on demand to send your funds directly to your linked bank account."
If people are just selling little bits and pieces for £10-20 here and there many people will probably let the money sit in their account until there's a decent amount to withdraw - guess who will be earning the interest on that!
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Soldato
- Joined
- 1 Oct 2006
- Posts
- 14,221
Ah ha! Yep, that would explain it then.
Taking a leaf out of the electricity company's books!
Soldato
Indeed
I guess most people wait for the 80% offers anyway, so they're probably not making that much compared to their business sellers
Does sound like a huge loss.
I guess they are trying to stop losing all their customers to rivals.
Because once you loose too many you're dead.
Soldato
The interest and it sounds like micro transactions too, like games companies. I guess if it works for them, eBay will make it work too.
Soldato
What do you mean? Now they make it from seller fees (and I'm sure many other ways). Going forward they will make it from interest and micro transactions.
Man of Honour
I think it might be a case of growth for the growth god. Apparently users who sell end up being the best buyers, so the idea will be to simply bring more people to ebay/bring them back from the competitors, which will then in turn increase their listing addon revenue.
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I agree, how's this going to work.
Lets say I sell a laptop on there on a "Buy it now" for £500. Do I bank all of that or do Ebay still take a cut ?
Man of Honour
All of it.
Soldato
Unlikely, as the Buy it Now is likely a "premium" feature which would incur a cost, much like it does now.
If the item was done through an auction and ended at £500 though you'd keep it all.
Just did a buy it now and no extra fees were mentioned when listing!
Thats not true
I picked up an immaculate (I mean immaculate) not a single mark on it, laptop (Dell Latitude 5330 - 12th Gen i5) last month for £254, I even asked him if he could drop his price from £285 to £254.
I paid around £80 less than what other people were selling them for on there for this model (some of the other listings were showing some normal usage marks or minor marks).
The key is to find a good item which has good description, has good pictures, and the seller has sold similar items where people are giving good feedback for those.
Yes you get some odd ball sellers, but i wouldn't say that the site is full of scammers. If you do your checking properly, most of the time it works out.
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It sounds too good to be true, they used to offer free listing which was a bit of a con as there was still fees.
I'll give it a go as I've got a few items I'm no longer using
I find ebay to be generally useless, there seems to be no enforcement for payment, for example I just sold a load of crap from an old ambulance, it sold for pennies on the pound which is fine, but not one auction has been paid for, and now I have to wait 6 days to relist this stuff, but during the listing period I got approached by tens of people asking me to end the listing early, the last time I did that ebay charged me 20% of the current bid and prevented me from selling any further items during a 30day investigation.... it's ridiculous....
