eBay

gigandbit · ‎01-02-2022

I can get that anymore. Ebay it's not what use to be. Hear me out. I sold item for $895 in computer section. My state tax is 6% so apply that to $895 comes to $948.70.

Now taking out 12.55% FROM TOTAL AMOUNT OF $948.70 we comes to 829.70

Buy I got only $775.

Do I missing something?

dq3141 · ‎01-07-2022

@soh.maryl wrote:
Look on the bright side: It seems to have been a long time since we've heard from one of the unfortunate motor vehicle purchasers who paid for their jet ski with eBay gift cards.

Maybe those posts are getting shoved off Page 1 within minutes because of all the 1099 drama.

dbfolks166mt · ‎01-07-2022

My state tax is 6% so apply that to $895 comes to $948.70.

Sales taxes are paid by the Buyer not the seller.

And they are paid in the state the Buyer has the purchase shipped to.

Online sellers (not just eBay) are charged fees on payment processing of the entire payment, including taxes and shipping.

If the the sale was $895, sales tax (paid by buyer but processed through Managed Payments) was 5% or $44.75, shipping was $100, the buyer paid $1039.75.

And the seller paid $130.88 in fees.

The seller received $764.51 , the buyer's state got $44.75, and the shipping company got $100.00.

And depending on what income bracket the seller falls into the IRS will get ?? of the net profit ($764.51 - all other expenses related to the sale).

gigandbit · ‎01-08-2022

It's looks like no one get it what I'm saying and what I try discus it. One day I hope I just do things locally and don't have to work with someone who just wanna take more and more money from me. Sounds like most of sellers can't calculate simple operations and people just think they make some money from sale...and in did they are but much less then expected because stupid system.

And all this holding money...processing when before I got my money right away from PayPal. They taking fees out right away and after just holding up on someones money for couple days.

toomuchstuffagain35 · ‎01-08-2022

@soh.maryl

If you think that, you really should check out the buying board.

"If a product doesn't sell, raise the price" - Reese Palley
"If it sold FAST, it was priced too low" - also Reese Palley

soh.maryl · ‎01-09-2022

Will do.

soh.maryl · ‎01-09-2022

At this point, more than one responder has tried to explain to you the fee schedule, with breakdowns using your example.

They've also pointed out that YOUR state sales tax rate does not apply. The state sales tax is based on the buyer's delivery address, not the seller's.

Also, the eBay Final Value Fee is calculated on the item price, the shipping cost AND the state sales tax (based on buyer's delivery address).

In your original message, you did not mention the shipping cost for that transaction, but I am sure you know that is subtracted from the buyer's payment also. If I sell something for $100 with $10 shipping, I do not expect to receive the entire $110.

We are trying to help here. What more do you want to discuss?

forward-motion · ‎01-09-2022

Before you list, check all the fees involved. Then price the item accordingly. So many sellers come on here to complain after the fact when it is spelled out and easy to calculate prior to the sale. All sellers have one question to ask, can I make money on this site selling it at this price. If so great! If not, find something else to sell.

dq3141 · ‎01-09-2022

@soh.maryl wrote:
In your original message, you did not mention the shipping cost for that transaction, but I am sure you know that is subtracted from the buyer's payment also.

eBay does not subtract the shipping cost from the buyer's payment. eBay will subtract postage cost from the payout if the seller opts to use the pending funds to pay for postage.