eBay

gothamcitytoys · ‎09-08-2022

I saw another thread where people were wondering why they were apparently being overcharged on FV fees. Turns out it's just a "technicality" . It's just that ebay seemed to find yet another way to improve their bottom line by passing this cost onto both buyers and sellers without skipping a beat.

For example: A sale of 349.92(350) is not the FV. The Final Value is the selling price PLUS SALES TAX and shipping.

So the FINAL VALUE FEE is 379.66(380). So I'm paying $48.98(49) and NOT $45.14

But the bottom line is that the buyer is willing to pay 380 total so is factoring in Sales Tax already.

So what used to be a ENDING SALE of 380.00 with a 49.00 fee netting me 331 is now a 350.00 sale (really a 380 cost to customer) with a 49.00 fee netting me 301!!

Ebay does not lose anything SELLERS assume all the cost.

I used to make 331 and now I make 301 for the exact same transaction and eBay loses NOTHING.....PRICELESS

donsdetour · ‎09-08-2022

@gothamcitytoys wrote:
I saw another thread where people were wondering why they were apparently being overcharged on FV fees. Turns out it's just a "technicality" . It's just that ebay seemed to find yet another way to improve their bottom line by passing this cost onto both buyers and sellers without skipping a beat.
For example: A sale of 349.92(350) is not the FV. The Final Value is the selling price PLUS SALES TAX and shipping.
So the FINAL VALUE FEE is 379.66(380). So I'm paying $48.98(49) and NOT $45.14
But the bottom line is that the buyer is willing to pay 380 total so is factoring in Sales Tax already.
So what used to be a ENDING SALE of 380.00 with a 49.00 fee netting me 331 is now a 350.00 sale (really a 380 cost to customer) with a 49.00 fee netting me 301!!
Ebay does not lose anything SELLERS assume all the cost.
I used to make 331 and now I make 301 for the exact same transaction and eBay loses NOTHING.....PRICELESS

The daily topic of users who sell on eBay that have no clue to what and why they pay fees.

With eBay and PayPal it was about the same until fee increases in certain categories....

Manged payments was good for at least this.

wrong66 · ‎09-08-2022

Or charging for just about every photo uploaded to a listing.

heckofagame · ‎09-08-2022

It makes me laugh. They used to charge 10% FVF and around 3% plus 30 cents for payment processing. Now they charge 12.9% FVF and 30 cents for processing.

They simply changed how things are labeled and people are repeatedly soiling their diapers over this. I just don't get it.

slippinjimmy · ‎09-08-2022

@pargran3 wrote:
And go back to charging an insertion fee on every listing including an insertion fee on store listings.

Yes! Back in the day when FVF's were half what they are now, half my monthly bill was listing fees and the total was only a couple of points lower than they are now. Of course one needed to balance that with the annual one day every year when there was a free listing bonanza (as long as you didn't go to a family Christmas dinner and miss out).

Paranoia strikes deep
Into your life it will creep

monroe67 · ‎09-08-2022

"I saw another thread where people were wondering why they were apparently being overcharged on FV fees. Turns out it's just a "technicality" . It's just that ebay seemed to find yet another way to improve their bottom line by passing this cost onto both buyers and sellers without skipping a beat.

For example: A sale of 349.92(350) is not the FV. The Final Value is the selling price PLUS SALES TAX and shipping.

So the FINAL VALUE FEE is 379.66(380). So I'm paying $48.98(49) and NOT $45.14

But the bottom line is that the buyer is willing to pay 380 total so is factoring in Sales Tax already.

So what used to be a ENDING SALE of 380.00 with a 49.00 fee netting me 331 is now a 350.00 sale (really a 380 cost to customer) with a 49.00 fee netting me 301!!

Ebay does not lose anything SELLERS assume all the cost.

I used to make 331 and now I make 301 for the exact same transaction and eBay loses NOTHING.....PRICELESS"

What's the point of your post?
Are you trying to explain and define The Final Value to other sellers?
Trying to express a unique observation that eBay is in business to make money?

"For example: A sale of 349.92(350) is not the FV. The Final Value is the selling price PLUS SALES TAX and shipping.

So the FINAL VALUE FEE is 379.66(380). So I'm paying $48.98(49) and NOT $45.14."

Yes. You understand this right. The Final Value Fee (12.9% in most cases) is charged on the total amount the buyer pays. The total amount paid by the buyer includes the price of the item plus any sales tax plus postage charges plus other appropriate charges. This is all spelled out in the User Agreement.

"But the bottom line is that the buyer is willing to pay 380 total so is factoring in Sales Tax already."

This is a fascinating sentence. The buyer is willing to pay the total amount. Well, yes, of course; most buyers willingly accept the final cost, with sales tax, for anything they buy, whether it's a new Tesla vehicle, or a package of tube socks, or a Quarter Pounder With Cheese Value Meal.

And the buyer pays the sales tax. Again, this is nothing new. I don't "get" that the total price "is factoring in Sales Tax already." The total prices paid by buyers (in most of the United States) includes sales tax. Again, I might have to squint severely through my mind's eye to see how sales tax is "factored in."

News Flash: eBay is in business to make money. Just like you, when you list an item for sale on eBay.
I think of eBay like a local weekend swap meet, but on a huge and global scale. In my city's very popular swap meet, sellers have to pay to rent space to set up their wares, $25 for Friday and $50 each day for Saturday and Sunday. The owner of the gigantic parking lot where this takes place collects all that rent and brings in a very, very pretty penny every weekend, and take very little risk. And the sellers, as you say about eBay, assume all the cost and all the risks. There is no guarantee they will sell anything. Not to mention the risks of thefts or boredom or sunburns.

donsdetour · ‎09-08-2022

@heckofagame wrote:
It makes me laugh. They used to charge 10% FVF and around 3% plus 30 cents for payment processing. Now they charge 12.9% FVF and 30 cents for processing.

They simply changed how things are labeled and people are repeatedly soiling their diapers over this. I just don't get it.

Ah anew payment processed is what you have left out: You payed fees to paypal as well as ebay back when.

Between the two: folks selling on ebay were clueless about what it cost them to sell with that pair:

Folks are just now finding out what it has and does cost to sell on ebay:

a good thing I think.

collectfest · ‎09-08-2022

@slippinjimmy wrote:
@pargran3 wrote:
And go back to charging an insertion fee on every listing including an insertion fee on store listings.
Yes! Back in the day when FVF's were half what they are now, half my monthly bill was listing fees and the total was only a couple of points lower than they are now. Of course one needed to balance that with the annual one day every year when there was a free listing bonanza (as long as you didn't go to a family Christmas dinner and miss out).

LOL, your post made my day, reminded me of the days of stock piling listings/photos waiting for free listing shout out! Back then I remember some sellers getting mad because they didn't get the promotion! There was always something to yell about, LOL.... I really missed getting cash in the mail, someone would owe you 17 bucks and they would just send you 20 and say keep the change.......

gothamcitytoys · ‎09-08-2022

You're missing the point. Ebay made its billions on the back of small businesses. Attempted to make a stink about "Main Street" and going to bat for them to avoid internet sales tax but then just threw the burden on the backs of small businesses instead of sharing the burden. This while concept of "Big Business just operates that way" will remain as long as long as people think that's acceptable and such abuses deserve corporate welfare tax breaks.

gothamcitytoys · ‎09-08-2022

See answer above to heckofagame.

soh.maryl · ‎09-08-2022

What burden would that be? If you are blaming eBay for the state sales tax on online purchases, you surely know that that was not eBay's responsibility. In fact, eBay tried hard not to have it happen.

gothamcitytoys · ‎09-08-2022

See answer above and folks if you're not an Ebay shill there is no need to come to the defense of a multibillion organization and if it doesn't apply to you then just pass it by.

gothamcitytoys · ‎09-08-2022

Sales tax: Tried hard not to make it happen yes. But yet when it did happen and they knew it would affect bidding on auction listings simply made sellers acquire the cost by making them pay not a fee on a Final Value but a fee based on their tax burden. I am not liable for out of state sales tax unless I assume generally 100,000 in any particular state. As a small business I should not be penalized for Ebay's tax burden.

soh.maryl · ‎09-08-2022

How, exactly, are you, as a seller penalized for eBay's tax burden?

The state sales tax charged on any transaction is based on the BUYER'S delivery address and is charged to the BUYER. eBay then, by law, remits those funds to the affected state.

You may disagree, but the fact that eBay's FVF is charged on the state sales tax, which the buyer pays, as well as on the item price and the shipping cost means that eBay is being compensated for the cost of making sure the appropriate percentage is charged and for remitting those funds as above.

pargran3 · ‎09-08-2022

eBay shill

If you do not agree with the OP just don't bother to respond.

Silly shills. At least we skipped the you all must be eBay employees.

gothamcitytoys · ‎09-08-2022

No problem with that as I might generate profit from both. To make it based on added Sales Tax is not a Final Value fee its simply another fee that Ebay is charging and they should be transparent about that.