06-28-2021 07:14 PM
I have sold small things on eBay and know there is always a small fee. I am looking to sell a larger item but am confused about what I will be charged. I have read a lot of eBay related information and I am still confused. Can someone help me understand what I will be charged if I list an item for a set price (or a reserve) and the item sells.
06-28-2021 09:58 PM
It is a percentage of the total the the buyer pays you.
If you use Paypal to receive buyers payments...ebay charges 10.2% (GENERALLY.).....Then don't forget Paypal charges a fee also.
If you are under ebay's managed payments system then it is 12.55% GENERALLY...and no Paypal fees are collected (because you aren't using their service.
https://www.ebay.com/help/selling/fees-credits-invoices/selling-fees?id=4822
06-28-2021 10:13 PM
You haven't sold in awhile. The first thing that will happen is that ebay will enroll you in their managed payments program, where you will need to provide them with all of your identity information and will need to link a bank account. Under managed payments, the buyer will pay eBay and then eBay will release your funds to you after they have determined the transaction is likely to be successful.
https://www.ebay.com/help/selling/getting-paid/introducing-managed-payments-ebay?id=4795
If you have not received a signup letter, then when you create your listing, eBay will divert you into the signup process while sending your listing into "draft" status.
Now, to the costs. As a low volume seller, your insertions are free. Otherwise it would be 35 cents.
The final value fee that you pay upon sale will be in the vicinity of 12.55%, and this covers both the commission that eBay receives as well as the payment processing fee that you previously paid to PayPal. The final value fee is based on the selling category, so you'll want to check you category here to get an estimate of your final value fee.
https://www.ebay.com/help/selling/fees-credits-invoices/selling-fees?id=4822
There are two ways of selling: Fixed Price or Auction.
A fixed price listing runs continuously until it sells or is cancelled. It renews monthly so any insertion upgrades will be charged again each month.
An auction will run for a limited time, like 7 days, but can be relisted. Any upgrades will be charged again each relist unless you are offered several free relists with no insertion or upgrade fees attached to those relists. An auction may have a reserve price, but the cost is steep. Instead, consider starting at the lowest price you will accept and hope it bids up from there.
In both cases, the final value fee will be applied when the item sells. If the buyer fails to pay, you need to take action to get that fee reversed, typically by cancelling the sale after 4 days have passed with no payment.
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