eBay just removed fees for private sellers (Except motors)

Just got the email and wondered if I misunderstood what they meant.

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.
 
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!
 
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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!
 
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.
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.
 
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.
 
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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.


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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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....
Screenshot_20241001_120640_eBay.jpg
 
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