Fee's

[kaw-kru-900]

Ebay insatiable lust for money has propelled them into becoming the world's largest and most profitable greed machine on the planet. Apparently ebays shareholders are never satisfied with their grossly huge profits . Continually adding more fees and costs to use their platform. The latest brainstorm is managed payments.  As if their ridiculous selling fees weren't enough now they hang onto the sellers profits for 3,4,5 days before distributing to the rightful owner. Collectively with millions of sellers these 3-5 days undoubtedly rack up millions in profits from interest alone. Will this greed machine ever be satisfied? Doubtful, money is the root of all evil and greed drives the heartbeat of ebay. Unfortunately it's also turned a once fair win win business into a complete ripoff. Very sad for sellers.

[albertabrightalberta]

*sigh*

Here we go again........

[dhbookds]

Why are you listing here? 

[this*old*attic]

@kaw-kru-900 

Um.... did you ever add your Paypal and Ebay fees together when we still used them? We pay a tiny speck LESS now.

I miss the instant money, myself, but Paypal was actually "lending" the money. MP is more in line with credit cards and banks, and is how just about EVERY online platform is doing it these days. It IS NOT an Ebay thing.

[whatmorefabric]

OMG    Capitalism at work!

I have sites that I pay more for.

[kensgiftshop]

@kaw-kru-900 

With Pay Pal, the fee's were what, 12.99% + $0.30 and Managed Payments is 12.55% (most categories) + $030.

No, they don't earn any interest on our money.

[zoda99]

@whatmorefabric 

Just because one company takes advantage of their customers doesn't mean it's acceptable for another company to do the same.

[jayjaspersgarage]

"Ebay insatiable lust for money has propelled them into becoming the world's largest and most profitable greed machine on the planet."

I can name 100 companies that would make ebay look like a minnow in the business world.

Shall we start with Big OIL companies?  How about the Health Care industry starting with big pharma?

[itsjustasprain]

---

@kaw-kru-900 wrote:

Ebay insatiable lust for money has propelled them into becoming the world's largest and most The latest brainstorm is managed payments.  As if their ridiculous selling fees weren't enough now they hang onto the sellers profits for 3,4,5 days before distributing to the rightful owner. Collectively with millions of sellers these 3-5 days undoubtedly rack up millions in profits from interest alone.

---

Ebay has stated on multiple occasions and in multiple locations that they do not collect interest on the buyers pending funds. If anyone does it would be Adyen as they are the actual payment processors for Ebay and that is presumably how they earn their income.

[firesteel_surplus]

---

@albertabrightalberta wrote:

*sigh*

Here we go again........

---

You took the words right out of my mouth....

Mike

Firesteel Surplus

[whatmorefabric]

They don't take advantage.    It is their company and they can charge what they want.    Ebay's fees are not out of line than any other site.

[firesteel_surplus]

And there are some us kooks who love fees so much that we use Promoted Listings that cost a percentage of the sale.

Full disclosure: I am one of those kooks.

Mike

Firesteel Surplus

[whatmorefabric]

Went to the Doctor last month.  He asked me how I was doing.   Got the bill.... that question cost me 18.00 as a wellness check.

[luckythewinner]

---

@kaw-kru-900 wrote:

As if their ridiculous selling fees weren't enough now they hang onto the sellers profits for 3,4,5 days before distributing to the rightful owner. Collectively with millions of sellers these 3-5 days undoubtedly rack up millions in profits from interest alone.

---

It takes the ACH system 1-3 to process and clear the payment from the buyer, and another 1-3 days to process and clear the bank transfer to the seller.

You are making the incorrect assumption that these processing times are controlled by eBay and that they are making interest off the ACH clearance process.

---

@kaw-kru-900 wrote:

money is the root of all evil and greed drives the heartbeat of ebay.

---

Don't you don't accept money for the  items you sell here?

[silverstatetreasureboxes]

@kaw-kru-900 

Oh my my think I've read threads like this till those cows come home.

     Ebay must charge fees to pay for maintaining their site, employees, ads, overheads and etc. If you consign your items at a B&M there is rent and commission.  If you sell your items thru a local paper there is advertising,  signs, tags etc.

     You cannot just stand out in your driveway and hold up your items and they will come. Everything comes with a cost and as far as ebay fees that allow you to reach millions of buyers across the world....well I think that is a good deal.

Merry Christmas to you and your family.