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Final Value Fees are too high!!

Final Value Fees are too high!!

eddieg11
Enthusiast
I think 10% is too high for eBay to charge for a final fee for items purchased. The bigger the item the lower percentage the fee should be. Giving up 10% for an item that you sell for $500 should not cost you $50 to process. Especially sinc most things are sold under cost on eBay. Thoughts?
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Message 1 of 96
95 REPLIES

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 15, 2013 9:19:20 AM

I don't have a probl;em with e bay's FVF.  Try selling on consignment through a Brick and mortor store and see how much they charge you.  Try going through an auction house and see how much they charge you in TOTAL commissions.

 

In my previous life I was a District Manager for large retail companies.  You would be surprised how much it takes to run a business.  10% is good for fees considering you are reaching millions of people daily.

 

Think about it........

This quest stands on the edge of a blade...stray but a little and you shall fail to the ruin of us all.
"The Lady Galadriel"
2,751 Views
Message 2 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 15, 2013 9:38:22 AM
Rockstar
Why would anybody sell on eBay under cost?
If you check out other options, eBay is a deal. I know, blast away.
Fees are part of a business plan. if no can do, don't do
boardsig
2,749 Views
Message 3 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 15, 2013 10:35:16 AM
macman4623
Thrill-Seeker

Pay the $15/month for the store subscription. The fees go down, and on a $500 item, the amount saved might be more than enough to pay for the $15.

2,737 Views
Message 4 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 15, 2013 12:49:06 PM
forum_use_id
Trailblazer

Try selling on the River. They take 15% + an additional flat fee ($1.35 for books).

 

I sell women's clothing and pay 9% FVF. It's a deal compared to my next best option for selling.

2,721 Views
Message 5 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 15, 2013 3:51:19 PM
legacydolls
Adventurer

I so agree that 10% is too high for FVF.  Hey, it's just not that! Now we pay fees on "shipping" and also on "Paypal" that eBay cleverly bought out for the monopoly of the game.  Geeze.  This latest hike on FVF to 10% is outrageous considering all the other fees involved.  WHY do we get charged on shipping fees?  We have to pay Post Office fees to get the item to the buyer, why to eBay now?  I never charge service charges over and above postage, but have grown to resent having to pay fees twice on postage!  

 

Also.....who came up with this 30% over starting price, for a Buy-It-Now fee???? WHAT??? 30 percent???  I sell my items close to cost or retail.  Hardly ever making much, just getting the items out of my house!  BIN fees are for the advantage of the "BUYER" and eBAY.  The Buyer gets the item faster.....eBay gets their fees faster.....so who's making out here?  Not me!  People are not going to buy items priced at 30% over to get the item.  Geeze eBay - wake up!!!  So BIN is not worth the effort! It was 10%, over the listing price,  which was reasonable, but NOT 30%.!  Outrageous!

 

There.  I had my vent.  Heat does strange things mentally!

2,703 Views
Message 6 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 15, 2013 4:17:59 PM
adf07bid
Guide
yea, the river SUCKS for clothing sellers. Smiley Sad
they force you to pay for a seller subscription
and then on top of that they have to approve what you want to sell, imagine paying for the subscription only to find out they wont allow you to sell your items.
im not going to even try selling on the river because of it.
2,688 Views
Message 7 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 15, 2013 4:20:33 PM
adf07bid
Guide
GA just do auctions, or buy it now listings, or a mix of both.
doing an auction with a buy it now option is useless now.
this is most likely why they made that change, they want you to choose one or the other not both in one listing.
2,682 Views
Message 8 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 15, 2013 4:45:50 PM
pantlandia
Guide

eddieg11 wrote:
Especially sinc most things are sold under cost on eBay. Thoughts?

My thought is that the flaw is in your selling strategy, not in eBay's 10% final value fee.

2,677 Views
Message 9 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 15, 2013 4:52:54 PM
hidy-hoo
Rockstar

Saw this answer on another board regarding the 30% BIN - interesting!

fruitacres
Community Member
Posts: 1,428
Registered: ‎04-06-2010
 
Re: Being FORCED again to list my BIN at UNREASONABLE HIGH PRICE
in reply to etvideo1ataol

It would appear that the problem with the previous 10% margin was that too many auctions with BIN were ending with the BIN price instead of garnering bids and running up higher sales price.

 

By plan, then, 30% margin should get a greater number of opening bids, thus removing teh BIN option, and hopefully for all parties scoring a final price higher than your BIN.

 

But, like said, nobody forces you to use BIN on an auction and if it does not work try something else.


Our country's #1 export?

- Money! (think about it)

 

How much better life would be, if a liar's pants really did catch fire!
2,674 Views
Message 10 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 15, 2013 5:28:32 PM
adf07bid
Guide
imo years ago it would have worked out that way, but now? i dont know. I personally have not seen much bidding on auctions. maybe its just me tho...
2,647 Views
Message 11 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 15, 2013 9:44:20 PM

10% is cheap, comparatively.

 

When I ran B&M stores, I paid upwards of 22-25% each week, just for labor costs.  To say nothing of inventory, overhead, insurance, taxes, payment processing, etc., etc.

 

I currently pay about 17% per sale for both eBay and PayPal fees, leaving an 83% margin.

 

If you can't make money on an 80%+ margin, you're doing something wrong.

2,643 Views
Message 12 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 16, 2013 1:47:04 AM
old_man_arthur
Trailblazer

Yeah, Yeah...

Here is where everyone sucks-up to evilBay.

When I first started selling back in 2007... FVF's were 3% for auctions, 10% for Fixed Price.

(There is one reason why there were more auctions back then)

 

Like I have said... Let's go back to the old Fees.

Charge for ALL listings... and only charge 3% FVF for auctions, 10% for Fixed Price.

 

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New Toy: 1996 Adamas 1881 ;  photo d3c27a4e-2de6-48e4-8a38-73242748826d_zpsbb3k8gvk.jpg
2,635 Views
Message 13 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 16, 2013 2:05:19 AM
old_man_arthur
Trailblazer

adf07bid wrote:
imo years ago it would have worked out that way, but now? i dont know. I personally have not seen much bidding on auctions. maybe its just me tho...

In the ole daze 

unless you clicked the search button for Buy It Now listings

all you would see were Auctions and Auctions-with-BIN

Store listing that were totally fixed price were separate. 

That was because back then eBay was a Auction site.

Now I don't know what it is...

But if you search hard enough, you can still find good stuff.

First... Always click Used in your search.

 

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New Toy: 1996 Adamas 1881 ;  photo d3c27a4e-2de6-48e4-8a38-73242748826d_zpsbb3k8gvk.jpg
2,630 Views
Message 14 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 21, 2013 12:14:32 PM
dollybotique
Scout

The reason for the fees on the shipping are because when we had free listing fees on items that were $.99 and lower, sellers were jacking up their shipping to avoid the listing fees.  There are always a few bad apples in every crowd and now everybody pays.

 

I do believe the 30% for the BIN is extremely high, but ebay has to make up for the 50 free listings a month some how.  It does hurt sales,  I know.  Send a suggestion to ebay.  I do.  If more people would do this, maybe things would change.  The forums can't do it.

2,565 Views
Message 15 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 21, 2013 1:49:06 PM
adf07bid
Guide
"When I first started selling back in 2007... FVF's were 3% for auctions, 10% for Fixed Price."

Really... well all i care about is BIN anyways... so apparently my Fee's have not gone up since 2007... yay ebay! Smiley Tongue
2,555 Views
Message 16 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 22, 2013 11:22:53 AM
mysparetm
Enthusiast

10% Final Fee is very high. I'm OUT, will NOT sell any more....

2,528 Views
Message 17 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 22, 2013 2:27:36 PM
hondamedic
Guide

 photo montalban_fantasy_island.jpg

2,514 Views
Message 18 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 22, 2013 2:39:44 PM
multimedea_media
Thrill-Seeker

eddieg11 wrote:
I think 10% is too high for eBay to charge for a final fee for items purchased. The bigger the item the lower percentage the fee should be. Giving up 10% for an item that you sell for $500 should not cost you $50 to process. Especially sinc most things are sold under cost on eBay. Thoughts?

I suppose you could always put your stuff on a table in your front yard with a cardboard sign. That way, you won't have to pay any fees to anybody for their services.

 

Not sure how your neighbors will feel about millions of people coming down their block to look at your items, though...

__________________________________________
Do justice, love kindness, walk humbly.
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Message 19 of 96

Re: Final Value Fees are too high!!

Re: Final Value Fees are too high!!

in reply to Jul 22, 2013 4:43:36 PM
hondamedic
Guide

 

Not sure how your neighbors will feel about millions of people coming down their block to look at your items, though...

Kwap! If I could get millions I'd do yard sales every weekend and invite the neighbors!

 

2,484 Views
Message 20 of 96