Bad news for the naysayers

[alcoforever]

Ebay stock hit a new high today of $80.60  It is there at this moment, 12:14pm PDT 10/22/2021.

[mam98031]

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@heckofagame wrote:

I think eBay should offer a stock option to sellers via managed payments. You know, where we can divert a portion of our weekly sales to buying stock. 

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@heckofagame 

Why do you need MP to have this option.  You can go and buy stock in Ebay anytime you want without MP.

[allthingssurplus]

In my category, which was greatly increased from 4% FVF to 9.15% when we were forced onto Managed Payments, we had to maintain our pricing to be competitive.  That coupled with the loss of cash flow due to Managed Payments and its Daily Payout (which are really three days a week) our gross profit has decreased on the eBay side of our business.  The return policy has also decreased profits.  The lack of any Seller protection has also decreased profits.  The loss of FVF being refunded on partial refunds is really a dig into profits.  All of these losses were compounded with FVF being charged on sales tax which started with Managed Payments.

We were a $2.4mil business on eBay.  Due to their greed and lack of respect for good Sellers (we have been selling on the site for 21 years) the decision to move to other sites was implemented.  We currently sell $400k on the site and are working to leave completely. eBay represents around 20% or our business and 90% of our problems.   Real business people doing volume business can't put up with policy changes weekly.  With partners like eBay no business can continue to make a ligit profit.

Stock prices are mostly glitz in todays market.  Its promotion, not real profits, that drive a stock price, usually with smoke and mirrors.

[allthingssurplus]

This is a great idea and a way to hold Sellers and some pay back for all the crazy disruptive programs they have dumped on Sellers.  Stock options are way better then just purchasing stock as you suggest.  Options are at a discount for future stock purchase or sale.  This was a great idea.  However eBay will never respond to a great idea.

[allthingssurplus]

You are 100% correct.

[allthingssurplus]

eBay's total focus is to extract every penny of their existing Sellers in fees and services.  They won't go after increasing the acquisition of new Buyer's, that is something they have no clue how to do and customer acquisition costs are high.

[allthingssurplus]

Good answer, no one ever considers inflation which is the key in killing an economy.

[mam98031]

You have every right to be upset by the significant increase in the FVF for Coins and paper money.  I have no idea why Ebay chose that route and I don't blame you for moving those listings elsewhere.  I hope it all works out for you.

[newlifeforoldstuff2]

So? eBay is making money...they have thousands of members buying and selling every day.

That's nice...for those who have enough extra money to play with investments.

That does not change the mess they caused sellers with the latest update. 

[mam98031]

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@newlifeforoldstuff2 wrote:

So? eBay is making money...they have thousands of members buying and selling every day.

That's nice...for those who have enough extra money to play with investments.

That does not change the mess they caused sellers with the latest update. 

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Ebay has over 19 million active sellers worldwide and about 7-8 million of those are US active sellers.  They also have well over 150 million active buyers.

I don't think anyone has started discussing issues created by an update, that isn't what the thread was created for.  But I know there are some other threads already created on the subject, you might find some information there.

[meme6253]

NAY!

[femmefan1946]

the consignment split is 50/50 and the item is with the non-profit consignment store for 90 days.

The important words here are non-profit.

If the business is required to make money beyond rent, utilities, and payroll, they have to make tough decisions on rates.

[dbfolks166mt]

Fully realize the implications of a non-profit and I am glad I have one close and have that option. They also support a very good cause so I generally do not pickup the item after the 90 days and simply take the write off.