Soldato
Just got the email and wondered if I misunderstood what they meant.
Just got the email and wondered if I misunderstood what they meant.
Seems a lot to give up for them, unless they're offsetting the lost revenue elsewhere.
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!
Ah ha! Yep, that would explain it then.
Taking a leaf out of the electricity company's books!
Does sound like a huge loss.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.
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.unless they're offsetting the lost revenue elsewhere.
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.So how does eBay make money now, no such thing as a free lunch
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.So how does eBay make money now, no such thing as a free lunch
I agree, how's this going to work.So how does eBay make money now, no such thing as a free lunch
All of it.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 ?
All of it.
Just did a buy it now and no extra fees were mentioned when listing!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.
Actively avoid ebay where possible. Its just commercial selling now - not real people selling genuine used items for a reasonable used price.
I'd never sell anything high value on there, too much risk of getting scammed.
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.All of it.