How much I actually get from a selling after all the fees...
Hi all,
On reverb when I set the price or change the price I ask for my item it shows how much I will actually get after all the fees so I know how much they will actually transfer into my bank account which is very useful. On eBay how can I see how much I will get? It is a bit confusing and also complicated as different items have different fees. I found some eBay fee calculators online but tbh they were also a bit confusing asking me a lot details I don't even know. How could this be much more transparent? Or is it that I just don't know something?
Thank you for your replies!
Andy
20 comments
nichtr_78
·3 years agoThey'll even take the kitchen sink
nextsuperstar
OP3 years agoFirst of all thank you all for the answers and ideas. I didn't mean to hurt or disrespect anybody some answers seemed a bit overreacted maybe mine was too sorry for that...
I just wanted pointing out that eBay get a healthy percentage of our listings so I thought they could be a little bit more helpful to show us how much should we expect at the end. I know there are a lot changeable values which is probably not as much as we think but still there are some factors we couldn't determine in advance however I still think they could show us an estimate final value we could most likely get at the end.
luckythewinner
·3 years agoThere are already plenty of sellers who come here and post that eBay is lying about the fees because the seller is incorrectly applying the percentage to the item price and not the total buyer's payment.
So I'm sorry to say this, but ...
If a seller can't understand basic math, then giving an estimate of fees will not help. Because they will just post here accusing eBay of "lying" and "stealing" when reality did not match the estimate.
Competent sellers know the fee percentage in the category they are listing, and are capable of apply that to an estimate of the item price, shipping, and sales tax and adding 30 cents.
It is really not that hard to do.
luckythewinner
·3 years agoYou cannot predict eBay fees exactly because they depend upon factors beyond your control, and that cannot be known until the final price and the shipping service and the buyer's location is known.
femmefan1946
·3 years agoI sell on both dotCOM and dotCA (Canada).
At the moment on dotCOM, the more active account, my fees are 44% of transactions and on dotCA the fees are 11% of transactions.
Not only are fees site specific ( only dotCOM sales show in the Selling-> Performance->Selling Cost for dotCOM) but the percentage changes daily as older sales drop off and newer one are added.
nobody*s_perfect
·3 years agoIt's impossible to know the eBay fee accurately in advance because it's a percentage of the total that the buyer pays, including the shipping cost and the sales tax for the buyer's location. Average sales tax is about 6%, but can range from zero to 10%. As you observed, the main factor is which category you list in.
nextsuperstar
OP3 years agoThanks for your answer. I think eBay could give me an estimated price since the system does know where I am and which category my listing is in! It could say approx xxx usd if bought in EU and approx xxx bought from the US etc.... The shipping fee is outside of this as I set it and the buyer pays it additionally so it does not contribute as I see. I don't think it is or should be or would be nuclear physics to calculate the final price at least approximately.
soh.maryl
·3 years agoIn addition to knowing where you are and the category where you listed the item, eBay would have to know the item price, the shipping cost and the state sales tax for the buyer's particular address.
nextsuperstar
OP3 years agoHi, thank you for your answer. They actually know where I am and where my listed item is they also know the price I just typed in. The shipping price is separated in my case as it is an addition what the buyer pays additionally and I pay for the carrier company myself. The tax is the only thing they don't know but they also could give me an estimate according which area or country the possible buyer could be from. BTW how Reverb.com knows all of these then?
nobody*s_perfect
·3 years agoYes, they know your location, the item price, and the category.
But key information is still not knowable.
The shipping cost does matter, because the final value fee percentage includes whatever the buyer pays to you for shipping.
As noted above, the sales tax rate can vary from nothing to over 10%. Likewise, the calculated shipping cost can vary significantly; the online postage cost to ship a 5-pound package can range from $8.55 to $21.60.
For instance: If you sell an item for $100 and charge the buyer $20 for shipping. If the sales tax rate in the buyer's location is 6%, they will be charged $6 for sales tax. That's a total payment from the buyer of $126. If your item is listed in a category where the final value fee rate is 13.5%, then you will be charged about $17.00 as your final value fee. That is $126 x .1325 plus 30 cents fixed fee.
I don't know how reverb manages to show you their fee in advance, since they don't know what the sales tax will be. Are you sure that the estimate that they show to you has already deducted the payment processing fee, and not just the selling fee?
nextsuperstar
OP3 years agoI am not sure but at least I know how much they will charge. BTW in my case I set the shipping fee myself as I don't live in the US it is easier for me just set the fees myself as I know how much they ask for shipping. So the system knows the price and the shipping fee so they clearly could estimate the price after tax and could give me an estimation based on possible buyer's location. Just the big ones let's say EU and US.
On reverb at least I can see their fees and I don't have to read and calculate myself which is already a lot. Time is money.
janet9988
·3 years agoYou know the same information..... just calculate the %
soh.maryl
·3 years agoThe "big ones"? Are you aware that, within the US alone, there are thousands of different tax rates? Individual cities and counties or districts can tack on a half percent here and there. For instance, in my area of Ohio, a city about 40 miles north of me has a higher state sales tax rate than I do, while one somewhat south of me has a slightly lower state sales tax rate.
an-57470
·3 years ago"For instance: If you sell an item for $100 and charge the buyer $20 for shipping. If the sales tax rate in the buyer's location is 6%, they will be charged $6 for sales tax. That's a total payment from the buyer of $126. If your item is listed in a category where the final value fee rate is 13.5%, then you will be charged about $17.00 as your final value fee. That is $126 x .1325 plus 30 cents fixed fee."
Keep in mind some states may charge sales tax on the item and the shipping or just the item.
Also the actual percentage you pay is always higher than the eBay FVF fee.
This assumes you charged the buyer the discounted commercial rate - in which case you lost money on shipping due to FVF.
Item: $100
Shipping Charged: $20
Shipping Cost: $20
Sales Tax (Item Only): 6%
FVF: 13.5%
Processing Fee: $.30
Sale Amount: $100 + $20 = $120
Sales Tax: $100 * 6% = $6.00
FVF: ($120 + 6) * 13.25% = $16.70
eBay Fees: $16.70 + $.30 = $17.00
Net Proceeds: $100 - $17.00 = $83.00
Actual Percentage Paid to eBay = 17% (($17 / $100) * 100)
---
Now we will assume that the $20 was the retail rate and you paid a lower commercial rate of $17.
Item: $100
Shipping Charged: $20
Shipping Cost: $17
Sales Tax (Item Only): 6%
FVF: 13.5%
Processing Fee: $.30
Sale Amount: $100 + $20 = $120
Sales Tax: $100 * 6% = $6.00
FVF: ($120 + 6) * 13.25% = $16.70
eBay Fees: $16.70 + $.30 = $17.00
Net Proceeds: $100 + $3.00 [$20- $17] - $17.00 = $86.00
Actual Percentage Paid to eBay = 16.50% (($17 / $103) * 100)
monroe67
·3 years ago"I don't think it is or should be or would be nuclear physics to calculate the final price at least approximately."
No, it's not nuclear physics.
Of course, I have no idea whatsoever about the fees to which Hungarian eBay sellers are subject BUT there are a couple of facts that I think probably apply throughout eBay worldwide. I am pretty sure eBay calculates a large portion of the Final Value Fee, even for European sellers, as a percentage of the Total Amount Paid By The Buyer.
But, of course, at the time you list an item, you will not know what that Total Amount will be. Knowns will include the price of the item, and maybe any handling charge you add to your listing. It sounds like, for your listings, the shipping charges are also known. Unknowns will include the amount of postage, and the amount of sales tax the buyer will pay. Here in the USA, only 45 of our 50 states impose sales tax on their residents. Within those 45 states, the sales tax percentages vary widely and wildly, from maybe only 3%-4% to 10% or slightly more. AND some of those states have also decided to charge sales tax on shipping costs.
Bottom line: I think many sellers who post on these boards do keep an approximate eBay fee percentage in their heads. For myself, most of my sales have been in categories that carried an FVF of 12.9%. (The fee in those categories is now 13.25%.) In My Head, however, I use a 30% approximation for the fees. I approximate that eBay's fees will be around 30% of the listed price. If I list an item for $30.00, I assume eBay's fees will be around $9.00. And I will hope to earn $21.00 from its sale. If I earn more, that's great.
BTW -- this discussion has seemed to focus on eBay's Final Value Fee which, as stated, is a percentage of the total amount paid by the buyer, plus, in the USA, a flat fee of $0.30 per order -- thirty cents. (A relatively small amount, btw.)
You need to be aware that eBay also can charge an International Fee, in addition to the Final Value Fee. For those of us in the USA, this fee is 1.6% of the total amount paid by the buyer. It is imposed when the buyer's eBay-registered address is outside the USA or when the shipping address is outside the USA.
You can find info on all of eBay's fees in the User Agreement. There's a link to it at the bottom of each page.
slippinjimmy
·3 years agoFYI, fees are based on the eBay site the original listing is made, where the seller is registered is not a factor. The OP lists on .com so their transaction fees are the same as every other seller listing on .com
One difference for the OP is that because they are in the Euro zone for Managed Payment their sales in US Dollars will be converted to Euro for Payout and this will cost them 3%.
an-57470
·3 years agoI am currently getting 5.106% for the average over the 50 states and D.C.
2021 Sales Tax Rates | State & Local Sales Tax by State | Tax Foundation
stuff4divas
·3 years ago@nextsuperstar here> https://www.ebay.com/help/selling/fees-credits-invoices/selling-fees?id=4822&st=3&pos=1&query=Selling%20fees&intent=seller%20fees&lucenceai=lucenceai&docId=HELP1456