Ebay lowers fees? NOT!
danger boy
Posts: 15,722
SAN FRANCISCO (AP) - EBay Inc. said Tuesday it will cut by up to 50 percent the fees it charges sellers to list their goods online, in an effort to boost listings and keep pace with other burgeoning e-commerce sites.
To balance the fee cut, the company plans to increase its commission on items that do sell, a method the company says sellers prefer because it lowers their risk if items do not sell.
The greatest fee increase will come for goods selling for less than $25. EBay's fee for those transactions will rise 67 percent, to 8.75 percent of the final sale price.
"A majority of sellers will see their fees go down," said company spokesman Usher Lieberman. "We are basing our success on their success and we want to encourage sellers to list more items with us."
The new fee structure, announced to a gathering of 200 of eBay's top North American sellers in Washington, goes into effect Feb. 20 in the United States. More pricing changes are coming shortly in the United Kingdom and Germany.
EBay has struggled with flattening growth in recent years and a temporary drop in the number of items for sale on its site.
Listings on eBay's various sites in the fourth quarter rose 4 percent, reversing two straight quarters of declines, the company reported last week. The number of people actively using the site has also stagnated, rising just 2 percent from a year ago.
The online auctioneer has faced increasing competition from other e-commerce sites such as Amazon.com, which does not charge a listing fee.
EBay's various fees have long been a point of contention for its sellers, which range from mom-and-pop vendors to online stores with large inventories.
The changes come as longtime chief executive Meg Whitman announced she would retire at the end of March. Incoming CEO John Donahoe, president of eBay Marketplaces, which encompasses its shopping sites and classifieds, has said he will aggressively change eBay's product, customer approach and business model.
Along with changes to the fee structure, eBay said it will change how sellers show up on customer searches. Those with high rates of customer dissatisfaction will get lower exposure in a search, the company said.
To balance the fee cut, the company plans to increase its commission on items that do sell, a method the company says sellers prefer because it lowers their risk if items do not sell.
The greatest fee increase will come for goods selling for less than $25. EBay's fee for those transactions will rise 67 percent, to 8.75 percent of the final sale price.
"A majority of sellers will see their fees go down," said company spokesman Usher Lieberman. "We are basing our success on their success and we want to encourage sellers to list more items with us."
The new fee structure, announced to a gathering of 200 of eBay's top North American sellers in Washington, goes into effect Feb. 20 in the United States. More pricing changes are coming shortly in the United Kingdom and Germany.
EBay has struggled with flattening growth in recent years and a temporary drop in the number of items for sale on its site.
Listings on eBay's various sites in the fourth quarter rose 4 percent, reversing two straight quarters of declines, the company reported last week. The number of people actively using the site has also stagnated, rising just 2 percent from a year ago.
The online auctioneer has faced increasing competition from other e-commerce sites such as Amazon.com, which does not charge a listing fee.
EBay's various fees have long been a point of contention for its sellers, which range from mom-and-pop vendors to online stores with large inventories.
The changes come as longtime chief executive Meg Whitman announced she would retire at the end of March. Incoming CEO John Donahoe, president of eBay Marketplaces, which encompasses its shopping sites and classifieds, has said he will aggressively change eBay's product, customer approach and business model.
Along with changes to the fee structure, eBay said it will change how sellers show up on customer searches. Those with high rates of customer dissatisfaction will get lower exposure in a search, the company said.
PolkFest 2012, who's going>?
Vancouver, Canada Sept 30th, 2012 - Madonna concert :cheesygrin:
Vancouver, Canada Sept 30th, 2012 - Madonna concert :cheesygrin:
Post edited by danger boy on
Comments
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while now you may save what... .20 or .30 cents on your listing fees.. they are charging more for the final sale price.. they are some sneaky **** for sure.. in the end.. they aren't lowering fees at all. just increasing where they can make more profits... sneaky ****. :mad: :mad: :mad: :mad:PolkFest 2012, who's going>?
Vancouver, Canada Sept 30th, 2012 - Madonna concert :cheesygrin: -
Craigslist here I come!!My HT
HDTV: Panasonic PT-61LCX65 61" Rear Proj. LCD
AVR: Harman Kardon AVR 235
Video: 80GB PS3, Toshiba HD-XA1 HD DVD
Fronts: Polk Audio RTi8
Center: Polk Audio CSi3
Amp: Emotiva LPA-1
Surrounds: Polk Audio R150
Sub: HSU STF-3
The only true barrier to knowledge is the assumption that you already have it. - C.H. Dodd -
danger boy wrote: »while now you may save what... .20 or .30 cents on your listing fees.. they are charging more for the final sale price.. they are some sneaky **** for sure.. in the end.. they aren't lowering fees at all. just increasing where they can make more profits... sneaky ****. :mad: :mad: :mad: :mad:
Exactly! And those who sell stuff at less than $25 will get screwed without the option of vasoline.
I wonder if PayPal fees will increase, too?HT/2-channel Rig: Sony 50 LCD TV; Toshiba HD-A2 DVD player; Emotiva LMC-1 pre/pro; Rogue Audio M-120 monoblocks (modded); Placette RVC; Emotiva LPA-1 amp; Bada HD-22 tube CDP (modded); VMPS Tower II SE (fronts); DIY Clearwave Dynamic 4CC (center); Wharfedale Opus Tri-Surrounds (rear); and VMPS 215 sub
"God grooves with tubes." -
Well it's about time. Out of this thread, the quote above is the only good news. For those that know me, this statement means WAY more than to those who don't. She should have stepped down way before she lied about Vladez. :mad: :mad: :mad:danger boy wrote: »....chief executive Meg Whitman announced she would retire at the end of March.
Now enters the next chapter of Flea-Prey.......~ In search of accurate reproduction of music. Real sound is my reference and while perfection may not be attainable? If I chase it, I might just catch excellence. ~ -
but the new CEO is the one raising the fee rates. he's said so several times about a fee restructure. here is comes.. bend over and feel the EBay love :eek:
PolkFest 2012, who's going>?
Vancouver, Canada Sept 30th, 2012 - Madonna concert :cheesygrin: -
I'm pretty sure that I give ebay nearly 10% of a sale price once I factor in paypal fees. Worse and worse indeed.
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OK, I'm just gonna blurt it out.
Flea-Prey is a bunch of criminals harboring a criminal's paradise.
Wheeew. Now I feel better now that I have gotten it off my chest. Think I'll go grab a beer now.~ In search of accurate reproduction of music. Real sound is my reference and while perfection may not be attainable? If I chase it, I might just catch excellence. ~ -
The other parts of the new policies that should have people running for the hills:
1. As of May, sellers will no longer be able to give buyers neutral or negative ratings, only positive ratings. The rating system is now utterly meaningless.
2. PayPal can, at its discretion, based on nebulously-worded criteria, lock PayPal funds until (1) the buyer leaves positive feedback, or (2) 21 days have passed without a chargeback from the buyer.
Grab your ankles. -
~ In search of accurate reproduction of music. Real sound is my reference and while perfection may not be attainable? If I chase it, I might just catch excellence. ~
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re-read the first two paragraphs... cutting listing fees by 50%.....
raising final selling price fees by 67%
I'm no math genius, but dang.. that's just not right. is that not at least, at least 17% increase in their favor? How does this benefit sellers PolkFest 2012, who's going>?
Vancouver, Canada Sept 30th, 2012 - Madonna concert :cheesygrin: -
Just curious if you guys rage about your taxes (mandatory) half as much as you rag on companies like eBay (optional service) when they have a price increase? Not saying they're right or wrong, but you have a choice in one matter.
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http://pages.ebay.com/sell/update08/basic/index.html?ov=004KO#insertion
most basic fees for listing items were cut by .05 cents. final value fees. raised by several % points. Hmmmmm? Do they really think we're that dumb?
Basic Fees
Unless otherwise indicated, all changes will be effective February 20, 2008, and will apply to listings on www.ebay.com and www.ebaymotors.com (Parts & Accessories only).
Insertion Fees
The insertion fee for Auction-style and Fixed Price listings will be reduced as indicated in the chart below. Also, all listings will now include the Gallery picture feature for free!
Insertion Fees for Auction-style listings
Starting or Reserve Price Current Insertion Fee Insertion Fee (effective 02/20/2008)
$0.01 - $0.99 $0.20 $0.15 Lower fee!
$1.00 - $9.99 $0.40 $0.35 Lower fee!
$10.00 - $24.99 $0.60 $0.55 Lower fee!
$25.00 - $49.99 $1.20 $1.00 Lower fee!
$50.00 - $199.99 $2.40 $2.00 Lower fee!
$200.00 - $499.99 $3.60 $3.00 Lower fee!
$500.00 or more $4.80 $4.00 Lower fee!
Insertion Fees for Fixed Price listings
Starting or Reserve Price Current Insertion Fee Insertion Fee (effective 02/20/2008)
$0.01 - $0.99 $0.20 N/A
$1.00 - $9.99 $0.40 $0.35 Lower fee!
$10.00 - $24.99 $0.60 $0.55 Lower fee!
$25.00 - $49.99 $1.20 $1.00 Lower fee!
$50.00 - $199.99 $2.40 $2.00 Lower fee!
$200.00 - $499.99 $3.60 $3.00 Lower fee!
$500.00 or more $4.80 $4.00 Lower fee!
Insertion Fees for Store Inventory listings
Starting or Reserve Price Current Insertion Fee Insertion Fee (effective 02/20/2008)
$0.01 - $0.99 $0.05 N/A
$1.00 - $24.99 $0.05 $0.03 Lower fee!
$25.00 - $199.99 $0.10 $0.05 Lower fee!
Above $200.00 $0.10 $0.10
Starting Price: Fixed Price, Store Inventory, and Buy It Now
The "N/A" in the charts above reflects a new minimum start price for Fixed Price listings, Store Inventory listings and the Buy It Now feature. Store Inventory and Fixed Price listings must have a starting price of at least $1.00. The Buy It Now feature, which can be added to Auction-style listings, must also have a minimum Buy It Now price of at least $1.00.
Gallery Feature Fee
The Gallery picture feature fee for all listings will be free as indicated in the chart below. Unless otherwise indicated, all changes will be applicable to listings on www.ebay.com and www.ebaymotors.com (Parts & Accessories only).
Gallery Feature Fees
Starting or Reserve Price Current Gallery Fee Gallery Fee (effective 02/20/2008)
Auction-style Listings $0.35 FREE
Fixed Price Listings $0.35 FREE
Store Inventory Listings $0.01 FREE
Classified Ads Variable FREE
PowerSeller Discounts
Get up to 15% discount on Final Value Fees (or Transaction Service Fees) when you maintain high detailed seller ratings (DSRs) as a US or Canadian PowerSeller on your eBay.com, eBay Motors and eBay.ca sales. These discounts recognize and reward sellers who consistently provide excellent customer service on eBay.
Final Value Fees
The Final Value Fees will be revised per the table below.
Final Value Fees for Auction-style and Fixed Price listings
Closing Price Final Value Fee Final Value Fee (effective 02/20/2008)
Item not sold No fee No change
$0.01-$25.00 5.25% of the closing value 8.75% of the closing value
$25.01 - $1,000.00 5.25% of the initial $25.00, plus 3.25% of the remaining closing value balance ($25.01 to $1,000.00) 8.75% of the initial $25.00, plus 3.50% of the remaining closing value balance ($25.01 to $1,000.00)
Over $1,000.01 5.25% of the initial $25.00, plus 3.25% of the initial $25.00 - $1,000.00 plus 1.50% of the remaining closing value balance ($1,000.01 - closing value) 8.75% of the initial $25.00, plus 3.50% of the initial $25.00 - $1,000.00 plus 1.50% of the remaining closing value balance ($1,000.01 - closing value)
Final Value Fees for Store Inventory listings
Closing Price Final Value Fee Final Value Fee (effective 02/20/2008)
Item not sold No fee No change
$0.01-$25.00 10.00% of the closing value 12.00% of the closing value
$25.01 - $100.00 10.00% of the initial $25.00, plus 7.00% of the remaining closing value balance ($25.01 to $100.00) 12.00% of the initial $25.00, plus 8.00% of the remaining closing value balance ($25.01 to $100.00)
$100.01-$1000.00 10.00% of the initial $25.00, plus 7.00% of the initial $25.01 - $100.00, plus 5.00% of the remaining closing value balance $100.01 - $1,000.00 12.00% of the initial $25.00, plus 8.00% of the initial $25.01 - $100.00, plus 4.00% of the remaining closing value balance $100.01 - $1,000.00
Over $1,000.01 10.00% of the initial $25.00, plus 7.00% of the initial US$25.01 - $100.00, plus 5.00% of the initial $100.01 $1,000.00, plus 3.00% of the remaining closing value balance 12.00% of the initial $25.00, plus 8.00% of the initial $25.01 - $100.00, plus 4.00% of the initial $100.01 - $1,000.00, plus 2.00% of the remaining closing value balancePolkFest 2012, who's going>?
Vancouver, Canada Sept 30th, 2012 - Madonna concert :cheesygrin: -
PayPal may hold payments for the sale of an eBay item until the earliest of the following occurs:
* the buyer leaves positive feedback,
* 3 days after confirmed item delivery* or
* 21 days without a dispute, claim, chargeback, or reversal filed on that transaction.
so your PayPal money won't be released until one of these is met first... :mad:
the buyer leaves you feedback... some buyers NEVER leave feedback
3 days after confirmed item delivery ..... hmmmm, people can always claim they never received their item.. tying up the money forever. ****
21 days without a dispute - you want me to wait 21 days to get my, MY money credited to MY Pal Pal account?PolkFest 2012, who's going>?
Vancouver, Canada Sept 30th, 2012 - Madonna concert :cheesygrin: -
Welcome to the new Flea-Prey and their partner Prey-Pal. Get used to it [grabbing ankles, that is].
The more you know and research, the more post #8 comes true.~ In search of accurate reproduction of music. Real sound is my reference and while perfection may not be attainable? If I chase it, I might just catch excellence. ~ -
We should rise up and slay them. By the bye, eBay 'bought' or has significant interest in CL. The real estate rental ads in NY and the Job ads in SF are 10 per rental, and approx two pantloads for a job ad.-Ignorance is strength -
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I'm with you - just walk away.
