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Ebay to raise fees again. When will sellers get relief?
I was angered to read this morning that eBay is raising fees yet again. Another year, another 0.35%. Does eBay not care that people use their platform to make a living? This increase, paired with another unreasonable raise in shipping rates is making in harder and harder every day to make a living selling on eBay. eBay is a multi-billion-dollar corporation, yet they need to screw small businesses that use their platform out of another 0.35%. eBay once again proves they simply don't care. Before you know it, you'll be paying more fees than you'll actually get from the sale. In just the past year, eBay has also upped to promotion fees to be calculated on the final value instead of the sale price and raised the minimum to 2%. Wasn't that enough? Sellers are struggling with raising postage rates (which eBay fails to negotiate better rates with carriers; why haven't we got cubic rate yet?) and rising costs from wholesalers and other sources for inventory. Expenses raising at all levels gives small businesses little opportunity for growth. If eBay corporate really cared about its sellers, it would not be raising final value fees, especially for people (like myself) who already pay for a store subscription. There is literally no justification for it, so I am simply requesting that, a simple explanation as to why eBay has raised just about every fee there is and has failed to implement policies that help its sellers succeed.
kh-vince
·2 years agoHi everyone,
Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread if you wish to continue to discuss this topic.
Thank you for understanding.
fly4usa
·2 years agoI just listed some parts on eBay and lucky I noticed the fee when I went to edit it. I canceled it.
I AM DONE selling on eBay... $70 on $495 plus what Paypals cut.... plus sky high shipping..... NOPE NOPE...
Going to Facebook marketplace, Craigslist, and spacific forums with classifieds that the item appeals to. ALL OF THESE ARE FREE.... I am out as a seller....
I'll buy still, may be. However once 90% eBay buyer,. I am now less than 50% buyer on eBay, or less. I now go more and more to Local (Walmart, Target), Amazon and China sites that stores sell direct as first choice.
EBAY has has priced their self out of usefulness. I just will not pay these fees and with shipping cost it is hard to justify it.
fern*wood
·2 years ago@fly4usa
There is no longer a paypal cut. The ebay fees were consolidated with the payment processor fee (Adyen) when they stopped using paypal. Try to charge your buyers the shipping cost.
pjcdn2005
·2 years agoThe fees mentioned in the first post were raised in 2023 so it isn't a new thing.
As far as "Paypals cut', Paypal does not take anything since your sales are processed through
ebay's Managed Payments, not Paypal.
an-57470
·2 years agoThe truth is eBay is never going to stop until they squeeze sellers out of every cent they want and there's nothing you can do about it except stop selling on the platform. Promoted listings is a joke which by the way if you don't promote you won't even make a sale anymore. I also received notice today that once an item sells the .30 cents per transaction fee per item is going to .40 cents per transaction. I really think they just sit up in their office and think of ways to squeeze more money out of everybody (obviously)....plus These guys are ruthless and I'm literally paying 33% for each transaction and haven't made a sale in a month. They decided to charge me another 6% because I no longer meet the guidelines even though I have 100% feedback and perfect everything else but sales have gone to nothing so I don't qualify as a top-rated seller anymore even though I don't get any business and they have jumped on the opportunity to charge me more. I literally maybe have sold a few items so far for the year so I stopped listing and only have about 40 items up for free advertising being most people that buy the items I sell already know how to contact me so I'm phasing eBay out of my life. Let's face it eBay is on the decline and the only people left on their platform are the ones that are going to have to pay the big bucks because there's nobody else to do it except the desperate people selling on eBay at this point. Like another person stated it's a business and as all businesses they don't care about the people they care about the bottom line and their stockholders. I personally don't care about their bottom line or their stockholders so it works both ways... I will try not to let the door hit me in the ass on the way out
stevemartin60
·3 years agoeBay will eventually merge (or get bought out) by a lower-fees outfit, then that company will continually raise fees until they merge (or get bought) by a lower-fees company, then that company....
END PAY TO PLAY BEFORE IT ENDS EBAY! (A good chant for when we all finally decide it's time to rally outside of corporate HQ.)
sakic92710
·3 years agoFinances just come down to greed. The rich get richer & the poor get poorer. I don't blame eBay for all of the fees but I certainly blame them for taking a % of the shipping (which they DO NOT provide a service for) & for the % they take from the rotten government taxes. I always thought I would be happy to pay a flat 15% FVF if it was ONLY on the sale price. Not on the total. This was before the gov'ts decided to tax sellers on the sale. As usual, the gov't makes everything worse. No matter which political party is in charge, they waste money & find ways to take, take, take from us. As a Canadian, I also pay an extra fee on the exchange rate. eBay raises the rate above what it is really is so they can grab on to that little bit of a bonus. We cannot escape the greed unless we go off of the grid! lol Good luck to us all. 🙂
movieman630
·3 years agoAmen.
vintagecraze50
·3 years agoMy response to this is that if they are raising price YOU must raise your prices. You must source inventory where you CAN raise your prices and stay relevant and competitive.
vintagecraze50
·3 years agoThe consumer of the merchandise has to bear the brunt at times of the price increases including the shipping costs and other fees to sell.
**selling**stuff**
·3 years agoebay is doing everything they can to survive... Why do you think they are pushing promoted so hard, it's because thats the only thing holding them afloat right now with the amount of people leaving the platform from all of the eronious errors and glitches daily.. it's becoming laughable at this point. Ebay used to be a great platform to sell on, not so much anymore. I dont think ebays servers can accomidate the influx of new resellers that have sprouted since covid happened, and it's really ruined the site. Constant issues, nearly every day.
vintagecraze50
·3 years agoThe tech industry is sinking. Amazon laying off a lot of folks. The pandemic bubble is bursting all over the place.
rugerskick
·3 years agoMaybe they need to develop a strategy to keep good buyers on the platform, and attract new good buyers to the platform. All that really comes out from them are new ways to take more money from the sellers they have a hard time backing when problems arise.
They have to come up with something other than "we will take more money from sellers," but not do anything tangible to retain and grow the number of good buyers here.
The only strategy apart from this was courting so called high value, high dollar item sellers, as the thing that would save the site. However they don't back these sellers when buyer fraud occurs, so this strategy will not work, as those sellers have wised up and won't sell those items in quantities to save the site. Not while ebays policies enable and encourage buyer fraud. So this only other strategy will not work for them. Couple this with the well known problems with the various Authenticity services they use causing seller problems, discussed on the boards, and its not going to work for them.
Things aren't going to go well, and its ebays choices and strategies doing so. Everyone here always says most of the problems a business faces is mostly their fault. They tell individual sellers that all the time. Well Ebays problems they are facing are mostly their fault as well. They aren't exempt from the general rule people feel fine applying to other businesses so readily.
inhawaii
·3 years agoSafeway raised the price of a half gallon of milk and a loaf of bread again. When will people who eat and drink get any relief?
vintagecraze50
·3 years agoYep, it is a never ending saga right now of pay more pay more and pay more again. If my electric bill goes up anymore I am seriously thin king about alternative forms of energy like cow manure. LOL!
kobot
·3 years agodbfolks166mt
·3 years agoSo out of the following example.
A. Sellers Gross Revenue = $9.98
B. eBay fees = $1.53 an effective rate of 15.3%
C. Seller induced additional eBay fees = $1.02 an effective rate of 10.2%
D. Shipping Company cost - $3.81 or 38.1%
**Rate is higher because seller missed on shipping cost estimate and paid
more for the label than they collected from the buyer.
Unknown additional cost that are not shown that will impact the sellers bottom line.
1. COGS what seller originally paid for the item.
2. Federal Income Tax.
3. State Income Tax.
4. Seller operating costs
movieman630
·3 years agoWhen it's all said and done they're probably making $1.00 if that. It's unforgiving how expensive selling is now. On small items the Post Office takes the biggest cut. The lowest price I can sell at and make money is $6.00. And when I say "make money" I mean like .20 cents.
I sold an item at a competitive price $6.21 beating the competitor by .01 and my take away from that was .52 cents. That's what ebay paid me out of that sale. Out of that my cost for the item was .13 cents. The mailer was .07 cents. The protective wrapper was .04 and a thank you card was .04 that's .28 cents out of .52 leaving me with a grand total of .24 cents profit to which the government takes another .04 cents for income tax and PA state takes .01 cent. So I'm left with .19 cents to feed my kids and pay bills. Mind you, the buyer paid $6.21 plus sales tax. Out of ALL that, I make .19 cents. And my competitor thinks $6.22 is a good price.
Sellers need to stop being so low on price. Anything under $10 is a crime. Minimum price should be $10. Instead we have to deal with people who can't do math trying to sell something as low as they can, and for what? The lowest guy doesn't have to set the bar that low.
Then we have the people who use postage stamps instead of FCM with tracking. They really cut into the good sellers because they don't care about metrics. They just want to have the LOWEST price. Selling things they can ship with a stamp for $2.99 with free shipping. Gimme a break. Shipping without tracking should be banned on ebay. Tracking should be mandatory now that the USPS includes it with all mail except stamps.
dbfolks166mt
·3 years agoWhen it's all said and done they're probably making $1.00 if that. It's unforgiving how expensive selling is now. On small items the Post Office takes the biggest cut. The lowest price I can sell at and make money is $6.00. And when I say "make money" I mean like .20 cents.
I sold an item at a competitive price $6.21 beating the competitor by .01 and my take away from that was .52 cents. That's what ebay paid me out of that sale. Out of that my cost for the item was .13 cents. The mailer was .07 cents. The protective wrapper was .04 and a thank you card was .04 that's .28 cents out of .52 leaving me with a grand total of .24 cents profit to which the government takes another .04 cents for income tax and PA state takes .01 cent. So I'm left with .19 cents to feed my kids and pay bills. Mind you, the buyer paid $6.21 plus sales tax. Out of ALL that, I make .19 cents. And my competitor thinks $6.22 is a good price.
Sellers need to stop being so low on price. Anything under $10 is a crime. Minimum price should be $10. Instead we have to deal with people who can't do math trying to sell something as low as they can, and for what? The lowest guy doesn't have to set the bar that low.
Then we have the people who use postage stamps instead of FCM with tracking. They really cut into the good sellers because they don't care about metrics. They just want to have the LOWEST price. Selling things they can ship with a stamp for $2.99 with free shipping. Gimme a break. Shipping without tracking should be banned on ebay. Tracking should be mandatory now that the USPS includes it with all mail except stamps.
I applaud you for being one of those sellers that realize there is MUCH more to the total selling costs than just the eBay portion of it which in my case is often the cheapest selling cost I have.
doc-holmes
·3 years agoDarn Obama. /s
willingdealer_make-me-an-offer
·3 years agoI think their goal is to raise the prices overall on the platform. They are essentially forcing sellers to raise prices to make up for promotion fees.
vintagecraze50
·3 years agoWell of course.
isaiah53-57
·3 years agoIn my opinion, I would call it a surety that ebay will continue to raise fees at the current rate and likely faster as time goes on until or unless they figure out a way to increase revenue by some method other than digging into their users back pocket...
Continuous rate take increase is unsustainable and creates a viscous cycle - The more a venue company digs in the short term, the more they lose in the long term with both buyer and seller dissatisfaction due to higher prices and exorbitant fees - and the more they lose, the more they dig... The only way off that merry-go-round is ingenuity and bold moves that create true equity, value and fairness in business - Not "We Heard You" so we're raising our fees - Any growth-based actions that are contrary to their default of rate take increase will likely hurt in the short term, but will also very likely payoff in the long term - So far it seems no one at the helm is able or willing to get off that merry-go-round...
vintagecraze50
·3 years agoThe company has always taken the short term approach to growth. They cannot upset their stock holders who want their hefty paychecks to be consistent.
jupiter_collectibles
·3 years agoIt's like they're squeezing every penny out of us and I can't take it anymore. I just downgraded my store and will be leaving soon. Enough is enough.
earthdreamer
·3 years agoThe commercial rental on my B&M store has just increased by 9%.
Most rented stores here would be in the same boat, as inflation has skyrocketed in the past 12 months.
The FVF's on ebay are looking very attractive to those who endure the massive increases in overheads in the B&M retail world.
vintagecraze50
·3 years agoCorrect, you will do better online than B and M.
dbfolks166mt
·3 years agoCorrect, you will do better online than B and M.
It depends a little on what you are selling. Once you get into big and heavy items unless it's local pickup at your B&M store the shipping is gonna be a killer.
vintagecraze50
·3 years agoYes the people who sell refrigerator and that kind of stud have to be able to get a decent deal on their shipping costs. That kind of stuff on here is going to be very expensive to sell and the competition in B and M WILL WIN.
bryo_3145
·3 years agoLife liberty and the pursuit of happiness.
duffy4444
·3 years agoOMG! The sky has finally fallen!
We now have to increase our prices by 3 1/2 cents for every $10 in selling price! A whole 3 1/2 cents! WOW, that's a really big deal-breaker!
In reading thru the first 47 posts here, I've been shaking my head at the prospect of Armageddon over a fee increase of only one third of one percent. You'd think it was being interpreted as 35%.
Keep things in perspective instead of "when in trouble, when in doubt, run in circles & scream and shout". The answer to this extremely minor fee increase is to ACCEPT > ADJUST > ADAPT. That's what the successful sellers do here. I haven't even touched on the mitigating downward fee changes also in the announcement.
If having to raise prices by 3 1/2 cents for every $10 in sales price is too much to handle, or your business model is not capable of absorbing a fee increase of only 1/3 of 1%, perhaps online selling is not for you. Get a grip and some perspective.
Cheers, Duffy
movieman630
·3 years agoWhen your profit on a sale is .19 cents that 3.5 cents really starts to cut in. It all adds up. It's getting to the point where a profit for a sale under $10 is counted in cents not dollars.
dbfolks166mt
·3 years agoEBay is a publically traded corporation and as such their ONLY goal is to maximize their value to their shareholders. If they fail to do so they will cease to exist. There are a couple of general ways to maximize profit the first is to cut costs and the second is to increase revenues. Ideally both at the same time.
Most costs are going up everywhere and I have not issue with the increase business is business but I started diversifying off of eBay long ago and have found several sites that have fees as low as 3% and a number of local forums that have 0%. Sure they may not have the buyer base eBay has but that base means nothing if you cannot be market competitive and move/sell your items.
Imagine what the FVF's would be if eBay had not introduced PL. The revenue from PL has probably negated a FVF for awhile now but that well my be drying up also.
1tuna
·3 years agoif you sell jewelry you can get a big discount just by opening a store
I hear some ebayers say that having a store for more free listings is dumb/not worth it
if you have a store for jewelry and sell 1000 a month then it pays for itself
the FVF for a $1000 sale is at 150
if you have a store the FVF is 125
I have a store for the large discount on FVF
my savings with a store are 16.6%
dropping the FVF fee 2.5 percentage points equals a 16.6% savings in fees
FVF fees for jewelry are 15%
FVF fees for a jewelry store are 12.5%
@secondlifetreasures-llc
baytime4159
·3 years agoI left Amazon for their fee increases, ads pushing, etc now eBay is dong the same such as this, plus now your products won't be seen without promotion paying that is very high. Draining as much as they can. I already don't make much. 😞
jahood1984
·3 years agoI took a pretty big hit losing USPS region a and b shipping alongside shipping increases. Between that and being moved into a new tax bracket on the current taxes because my wife made a touch more and now having to add an extra 500 to the already $1000 quarterly payments, I'm getting close to going back to a 9 to 5 job. I'm not surprised eBay is raising fees, they don't care. We sure do pay a lot for very little seller protection though....
zamo-zuan
·3 years agoCubic prices often times end up even cheaper than Regional used to be. I highly recommend checking them out!
Only problem is you have to provide your own boxes. But even considering that it's a substantial decrease in price! For approximately the same box sizes!
slippinjimmy
·3 years ago"Ebay to raise fees again. When will sellers get relief?"
Sellers will get relief when they increase their selling prices by .5% and end up with a slightly higher profit margin than they had BEFORE the increase.
zamo-zuan
·3 years agoAnd this continues the circle of eBay as a whole declining, because there's no longer the advantage of shopping here for better prices than the competition. Which has been one of the biggest issues for making eBay appealing as it used to be for 5 years now.
chlipp-78
·3 years agoThey won't slow their role until sellers band together and shame them on social media through viral posts. Negative publicity is the only thing these big companies understand. They absolutely hate it and will do what's needed to avoid it. So probably nothing will ever happen because most sellers are too oblivious or self-centered to organize and do anything proactive to make their voices heard. Ebay doesn't care if a few dozen sellers complain about it among themselves on a buried post on their own platform... but I guarantee you they will care if it starts trending on social media.
njrtsr
·3 years agoThe fee increase amounts to $35 per $10000 sold, which is a rounding error in my book.
goldrushfinds
·3 years agoJust how many incremental increases are you willing to accept? It's not only final value fees, but the suggested use of promoted listing fees (to actually be seen). We are getting squeezed for many sides.
zamo-zuan
·3 years ago"Suggested"
Meanwhile even our ORGANIC impressions plummet if we don't invest > 3-4%, and up to (or some cases above) 80% of traffic depends on how much you invest.
njrtsr
·3 years agoEbay fees are still very low compared with anywhere else, considering the prices you can get here as well. Want to sell without paying any fees? Hold a yard sale and see how well you do.
dbfolks166mt
·3 years agoEbay fees are still very low compared with anywhere else, considering the prices you can get here as well. Want to sell without paying any fees? Hold a yard sale and see how well you do.
You need to do some more research there are a ton of sites out there with fees lower than eBay.
1tuna
·3 years agoyou have to many zeros
the fee increase of 0.35 % means you pay an extras 35 cents per $100 sold
if you sold $100,00 the you woud pay an extra $350
@njrtsr
njrtsr
·3 years agoI said if you sell 10 grand you pay 35 bucks. That's still correct, and if you sell 100 grand you pay 350 bucks. Perhaps I should have put a comma in the figure so it's easier to read.
1tuna
·3 years agoIm sorry, my mistake. I need to clean my glasses
I really thought the figure you posted was 100 thousand.I really thought I saw six zeroes
@njrtsr
rugerskick
·3 years agoIf you sell an item for 10 grand, you will pay an additional 35 dollars, in addition to the approximate 12.5-13% you are already paying, depending on item category. Plus any promoted listing fees you may have on that item.
dbfolks166mt
·3 years agoIf you sell an item for 10 grand, you will pay an additional 35 dollars, in addition to the approximate 12.5-13% you are already paying, depending on item category. Plus any promoted listing fees you may have on that item.
Your point being?? The % is actually less for high dollar items at some point depending on the category. For most items.
So on a 10K item FVF's on the first $7,500 would be $993.75 and for the remaining $2,500 it would be $58.75. Total FVF's $1,052.50 or as a percentage of the $10K it would be 10.52% of the total sale.
jathibo-12
·3 years agoOh no, your using guerilla math like ebay. Its actually 11000(0.1235) which breaks down to nearly 13.6% or your 10000 item. You have to use actual figures that ebay uses when calculating the rake. Keep on making rounding errors like that in business and your done. They are bleeding everyone dry. They can burn in for all I care, they are what is driving people off the site causing the buyer pool shrink ever more. These people are the dumbest I've ever came across. Want to learn how to kill a golden goose, study ebay. They can't help themselves on making the site worse and worse for EVERYONE every chance they can.
no1packrat991
·3 years agoEbay does not care about sellers they proved that when you couldn't give negative feedback to non payers i am thinking class action suit against them for charging a fee to collect sales tax which is illegal in every state in the country.I think its time to move on and find somewhere else to sell.
retro_entertainment_collectibles
·3 years agoExcept for the fact when you do shop anyplace such as say WallyMart or you're grocery store and use you're debit or credit card it all goes on that one charge and the card processor's fee is based on total charge, no difference.
shado-x
·3 years agoDoes eBay not care that people use their platform to make a living?
They do for me. 1) Scheduled listings are now FREE, and 2) the bulk-category listing tool allows a section to update listings, including scheduled by touching a button. Now I can have schedule listings start when I am asleep and not worry------LOVE IT!!
If eBay could allow sellers to see previous sale pages for up to 180 days, rather than 90, I am ALL FOR THAT TOO.
movieman630
·3 years agoOn a sale of a 1oz package under $10 the biggest chunk goes to the USPS. Over $4 to the West Coast. Ebay gets the 2nd biggest chunk with fees and if it's promoted even bigger chunk. Then you still have to pay income tax so it all cuts into profits if you have any by that point.
I sold a small item for $6.19 to be competitive. Out of that amount I took home .52 cents from ebay. That's where we are today. Soon you won't even be able to sell anything under $10 online. That day is fast approaching.
zamo-zuan
·3 years agoWith their announced new "International Shipping" program covering returns, I had mentioned that whenever they add a new feature that leads to their losses, they always take it out of somewhere else.
Now we see where the money will be coming from.
That said, to optimize your spending, it would be best to take advantage of their new International Shipping program, or else you're just getting your costs increased for nothing in return.
coolections
·3 years agoCan you provide a link to the actual % in fees Ebay is going to be charging? 12.5% to 12.93% ???
susanb1872
·3 years agoIt's in the Winter 2023 Seller Update:
https://www.ebay.com/sellercenter/resources/seller-updates/2023-winter/financials
coolections
·3 years agoThanks for the link ...... WOW between ship cost and the new fees this really hurts. Not sure how much more online sellers can take. Sell an item valued at $80 end up with $34.
dbfolks166mt
·3 years agoThanks for the link ...... WOW between ship cost and the new fees this really hurts. Not sure how much more online sellers can take. Sell an item valued at $80 end up with $34.
There are TONS of other ecommerce sites out there.
dolcetreasures
·3 years agohttps://www.ebay.com/sellercenter/resources/seller-updates/2023-winter/financials
brickfence
·3 years agoAs I stated before:
‎02-09-2022 09:51 AM
The never ending squeezing of the producers from those who produce nothing will never stop until this funny money system is gone. Next stop 13.4%, 13.9%, 14.4%, 15%, 15.7%, 16%, 17.8%, 20% and on and on. Just call yourself the Ebay Re-venue Service...(ERS) What a joke folks. We will never get off the hamster wheel with these platforms.
randallmorefield
·3 years agoAgree!!!!!!
evelyb30
·3 years agoBut, but but... they're removing the fee for using Buy it Now! Isn't that doing the little guy a favor? [snark mode: off]
nuclearomen
·3 years agoraises... happened in every stretch except what you make. Part of life, OK, the down is the FVF increases now leave ebay with a much larger gap in FVF compared to other selling marketplaces. In my main category 12% was already the highest in the market place, the average is 10%, it increases like many other FVF's here for category to 12.35% - if sale are steady fine, but they haven't been for many many sellers past min 6 months on this platform. Raising prices is something I don't do unless absolutely have to so going to keep all as is / has been for now. The .35 fvf increase isn't largest concern - it's more looking to what cost of shipping and shipping supplies do over the next months through this year.
ten_o_nine
·3 years agoI like how they keep repeating "at no cost to you" throughout the update.
barbie*ville
·3 years agoWe'll take your money...at no cost to you.
714ricki
·3 years agoEverything is increasing.....name your product from the supermarket or a store. We will just have to adjust & adapt.
Keep on getting in ebay's ear about platform improvements to help sellers!!!
Hang in there!!!
the-hook-and-the-loop
·3 years agoThey have to account for the sellers that are leaving, have left, the sellers that have listed their items on other platforms, the sellers who will not list anything too expensive on here, the buyers that don't shop here anymore, etc. Millions of people don't sell normally on here and when they revisit after month or years, they won't want to continue.
movieman630
·3 years agoHonestly I'd be willing to bet they have a lot of employees with jobs that they really don't need. The IT department could be one person. They don't need updates 2 times a year. They don't need to change the cosmetics of the site. They don't need to micro manage our business like they do. There's a lot of fat they could trim on themselves before they take more from us.
lakefor94
·3 years agoWould not be surprised if they trimmed 2,500 at some point this quarter or next.
zamo-zuan
·3 years agoThe reality is probably the opposite.
I've met with members of eBay's leadership team in person, and expressed the difficulty with working with the tech team and the rampant issues eBay faces. They directly said to me "You would be surprised how small the tech team is for a site the size of eBay".
When attempting to work with them, it's also become apparent from Jira logs/etc that the majority of their tech team is outsourced as well, as a single case went through various reps from like 4 different countries.
Although I do 100% agree that most of the changes they do are pointless. They need to halt the changes and FIX things before adding anything else. But that's Programming 101 - they just don't even follow the most basic rules.
dbfolks166mt
·3 years agoHonestly I'd be willing to bet they have a lot of employees with jobs that they really don't need. The IT department could be one person. They don't need updates 2 times a year. They don't need to change the cosmetics of the site. They don't need to micro manage our business like they do. There's a lot of fat they could trim on themselves before they take more from us.
I would be curious to know, although eBay is never going to disclose this, how much the move to MP actually increased their revenue. By eBay's own admission the move to MP had one purpose and that was to increase revenues. So they got the 2.9% PayPal fees and in exchange have inherited the sales tax collection and remission, the 1099 issuance, the chargeback issues, and whatever else comes down the track.
I doubt their CEO wants to give up any of his $21 million a year in compensation. I doubt any of their other senior leadership is willing to take a hit to their multi-million dollar salaries either.
ed8108
·3 years agoManagement cost is outrageous
No one is irreplaceable
The time for cost cutting is now
Target cuts ,downsize, downside !
vintagecraze50
·3 years agoIt’s the nature of the big corps and the ultra wealthy, they do not want to nor do they have to make compensations for their company or the general public to reduce inflation.
kabilab
·3 years agoI am neither pleased with e-Bay's FVF increase nor the rates of the Post Office, as I am definitely not a masochistic seller. As a self-employed dealer, though,I understand it is BUSINESS. It is incumbent upon all to either adjust or exit.
jameshen1
·3 years agoThe grocery store raised the price of eggs again. If they really cared about the little guy, they wouldn't do that. The gas station raised the price per gallon again. If they really cared about their customers, they wouldn't do that. And don't get me started on my utility company. Man, my heating bill is huge. Why don't they care about me and give me a break?
m60driver
·3 years agoAnd Exxon just reported record profits and certain crowds blame the government for the actions of Big Oil even though blaming the government for high gas prices last summer is blaming the tail instead of the dog.
rhiggsbear
·3 years agoLOL - so you are ignorant when it comes to economics and government policies? Okkkkkkkkkkkkkkkkkkk!!
m60driver
·3 years agoI don't think I am particularly ignorant of economics having read back in high school what is still perhaps, in my less than humble opinion, the best introduction to economics, Richard Heilbroner's The Worldly Philosophers. I can discuss the differences between say the Chicago or "freshwater" economics ( think Friedman) relative to "saltwater" economics (think Keynes) although I prefer the works of the "renegade" economists. So I daresay I do not feel that "ignorant when it comes to economics ".
And what the heck is "Okkkkkkkkkkkkkkkkkkk!!"? Something get stuck in your throat?
luckythewinner
·3 years agoEbay to raise fees again. When will sellers get relief?
Never.
Before you know it, you'll be paying more fees than you'll actually get from the sale
Never.
I am simply requesting that, a simple explanation as to why eBay has raised just about every fee
Because eBay is a for-profit company.
willingdealer_make-me-an-offer
·3 years agoit was just discovered that Amazon takes more than 50% from sellers. I'm sure ebay sees this as well and thinks its an invitation to squeeze sellers further. So while they are a for profit company, they aren't looking at the long-term health and growth of the platform, just short term gain.
bennotbill
·3 years agoI'll take the earlier fee increases if you take the UK eBay shop prices.
an-57470
·3 years agoThe thing that irritates me the most is that they take effect in 2 weeks. They should at least be required to give 30 days notice. UK seller fees increases don't take effect until April so why are US sellers treated differently???
whatmorefabric
·3 years agoThe post office is offering Ebay Parcel Select. They also have UPS. All of the shipping fees available to me on Ebay are the same as Amazon and they are considerably lower than Etsy.
This is YOUR business not Ebay's. My landlord raised my rent with my new lease. He cares about his bottom line, not mine. Adjust your prices, find lower cost merchandise, etc.
Etsy has higher rates and Amazon should follow shortly as the new CEO is determined that the online business makes money.
Simple explanation...Google raised their rates, salaries are rising, operational costs are up. Doing business is more expensive.
goldrushfinds
·3 years agoWhat you don't seem to realize, is that large corporations get a massive break on shipping costs. On top of that, if we have to absorb these added shipping costs, along with added fees from Ebay, it makes is not very competitive price wise, as most people will then just by locally. As an added note, when another poster commented that "meh" fees go up and essentially I just adjust by raising my prices, how long does he think he can keep doing that. Local retailers and big corporations will eat his lunch. Theoretically, Ebay should not have to raise the percentage, because as the cost of goods rises, their take increases. I think many online sellers will quite in coming years, as due to these added costs, we can no longer compete with big corporations and local retailers (who don't have shipping costs and other fees).
lakefor94
·3 years agoMeh. Promoted Listings are optional. Fees stayed the same for a long time. They likely won't decrease, ever. Shipping is always going to rise steadily. We know that.
I increase pricing when and if I need to.
Moving on with online selling in 2023.
Unavailable member
·3 years agoeBay can do what they want - it is their platform. BUT, the argument that rates need to continue to increase is incorrect. eBay takes a percentage of sales - meaning that growth in items sold + inflation can cover their increasing costs without raising rates. Reminds me of when the City of Columbus pitched higher taxes for the police force. The story was that they hadn't seen an increase in rates in several years. BUT, what they failed to mention was that Columbus is a relatively good economic engine - a lot of business growth and people moving into the city. Their budget was up every year b/c of increased tax receipts - the "haven't raised rates in a decade" was **bleep** from the beginning.
shashedevind0
·3 years agoTrue. Even the amount of sales are also dropped but they don't care. They just need the same profit or more profits. So they do so. -_-