03-20-2021 07:08 AM - edited 03-20-2021 07:12 AM
"As we move away from upfront insertion fees, starting April 1, 2021 we'll increase final value fees 0.2% in select selling categories."
My category went from 9.15% to 12.55% (as seems with most categories). Am I missing something? That's a 37% increase in final value fees, not a .2% increase.
Source:
https://pages.ebay.com/seller-center/seller-updates/2021-spring/fees-update.html#m17-1-tb2
03-20-2021 07:15 AM - edited 03-20-2021 07:16 AM
There are currently four fee schedules in effect on eBay:
You need to make sure you are looking at the correct fee schedule.
To confirm what your fee structure is, we would need to know (a) what is "your category", (b) do you have a store subscription (and at what level), and (c) are you in Managed Payments.
03-20-2021 07:16 AM
Something just occurred to me...
I'm not in managed payments yet.
Since I'm currently (without managed payments) paying the 9.15% to eBay, and then 2.9%+30c to PayPal, for a total of ~12.15%+30c...
Does managed payments get me around the PayPal fee, which is why they are hiking/not hiking rates at the same time?
03-20-2021 07:18 AM - edited 03-20-2021 07:18 AM
@sealrock5 wrote:Does managed payments get me around the PayPal fee, which is why they are hiking/not hiking rates at the same time?
If you are in Managed Payments, you no longer pay any fees to PayPal - since they are not processing your payments any more.
03-20-2021 07:18 AM
Ok thanks @luckythewinner - yes, I'm not in managed payments yet, so this won't apply to me...yet.
Once I am it will, though. I posted a follow up - does being in MP scuttle the PayPal fee, which makes the hike more palatable?
03-20-2021 07:20 AM
Ok, that makes more sense then. Thanks.
So even if the buyer choose PayPal as their payment option, you pay no PayPal-specific fees as a seller?
03-20-2021 07:41 AM - edited 03-20-2021 07:43 AM
Sellers in MP pay no fees to PayPal. They only pay the final value fees as shown in the eBay fees chart. You wouldn't even know whether the buyer used their PayPal account when paying.
The new 12.55% rate replaces the current rate of 12.35% which is what non-store sellers in MP pay in most categories.
03-20-2021 08:02 AM
You need to scroll down in your link to see MP rates for "store" selling fees.
03-20-2021 08:23 AM
I am clearer now on what has been changed - thanks guys.
One other question - anyone know if anything has changed with regard to free auction insertions with store plans? The table says how many you get, but it doesn’t specify if those are free insertions *just* for collectibles & fashion (as is currently the case for all buy starter tier) or if those are free auction insertions for all categories. There are specifics about which categories the fixed price apply to, but not auction.
03-20-2021 12:02 PM
Bare in mind, I hardly ever use auctions listings:
Yes, those "free" insertions for auctions are on those categories ONLY. And they are ONLY free if your item sells. If it doesn't, you still pay the insertion fee. Read the terms, very carefully. Pay special attention when creating the auction listing. It tells you right there, the fee is only credited upon your item selling.
03-20-2021 01:17 PM
@farmalljr wrote:Bare in mind, I hardly ever use auctions listings:
Yes, those "free" insertions for auctions are on those categories ONLY. And they are ONLY free if your item sells. If it doesn't, you still pay the insertion fee. Read the terms, very carefully. Pay special attention when creating the auction listing. It tells you right there, the fee is only credited upon your item selling.
Where do you see that? If it is a free insertion you don't pay if the item doesn't sell.
There was/is a rule that your auction fee would get credited if the item sold but that applied if you actually paid a listing fee.
03-20-2021 04:20 PM
@sealrock5 wrote:Ok, that makes more sense then. Thanks.
So even if the buyer choose PayPal as their payment option, you pay no PayPal-specific fees as a seller?
Correct - because the PayPal payment is made to eBay, not to you.