GreedBay to raise fees again, when will the insanity end?

[secondlifetreasures-llc]

I've been making this post every January/February for years. eBay raises fees again. Match that with unreasonable rate increases from the post office and looking back just a few years ago, between the rising costs of inventory, shipping, supplies, and fees, you have to sell twice as much to make the same amount of money while executives are rolling in the dough. Anything to appease stockholders who eBay prioritizes over their sellers. If only there was legitimate competition. When eBay first switched from PayPal to Managed Payments, fees were 11.7% & 30 cents. Now they are 12.7% & 40 cents. Just a few more years and fees will be over 20% and it will cost $12 to ship a 4 oz item through USPS. Enjoy the last of it before it is no longer profitable. Buyers won't pay more for your items before your fees are higher. And if eBay ever starts buyer fees like a certain other platform did, we are all doomed.

[tobaccocardyahoo]

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@vintagecraze50 wrote:

Temu has an incredible APP and their marketing is the most excellent I have ever seen. They lure customers back to the website with so many incentives to keep LOYAL to their website including credit back for purchases, free items when you buy at a certain dollar amount threshold. They are simply one of the best marketing websites on the planet. They are however much different than the ebay platform as they control the prices of the sellers and the sellers are a part of their team and vision. They can also get those products made cheaper in China and they get shipping breaks from China still. That is why they are killing it, and killing this website and others.

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Temu sells nearly worthless crap. As a result, its marketing draws in new buyers but fails to regenerate repeat sales by the customers they sign up.

When you start buying on Temu, you agree to have your inbox full of offers for items which cost more to ship than to buy.

When you do buy, you get products with zero quality control and a high rate of defective products.

Sort of like some Ebay sellers who sell liquidation stock.

[vintagecraze50]

The 10 percent discount is a real life saver on here. It saves a lot in the end with the fees. 

[vintagecraze50]

You know, I never ever understand why so many sellers put these EXTENDED handling times on here. Nor the drag your butt to get the item to the post office. You snooze you loose.

[tobaccocardyahoo]

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@gurlcat wrote:

Welp I see jewelry didn't raise at all, but even if it had it wouldn't make anywhere near of a difference to get all wigged out about. I

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Maybe jewelry is one of those categories where successful sellers are forced to pay outrageous promotion fees. I would pass over categories where promotion is effectively mandatory.

[vintagecraze50]

Yes, I guess they are kinda used to that in the UK, NOT HERE THOUGH.

[vintagecraze50]

OH MAN YOU GOT THAT WRONG. I buy there a lot and that stuff most of it is really good quality. 

[inhawaii]

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@newton-industries wrote:

Yeah, eBay needs to stop the fee increases

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I agree!

And sellers (not just on ebay) need to stop raising their prices!

[vintagecraze50]

To be honest, I get more smashed products from amazon. At also, let’s face it most of everything we buy is manufactured in China. They just got smarty pants and decided to do it all by themselves.

[vintagecraze50]

I will start easing my prices when the product I sell GOLD starts inching down and not going up. So far it’s continuing to skyrocket and trump fear is increasing it. I cannot replace inventory as the cost of product keeps going up up up, and that may be an issue with many other products as well for other sellers. Fees go up along with this, then price has to up a little as well. None of us are in this to continue to make less money.

[nuclearomen]

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@gurlcat wrote:

. I just can't see how anyone could be outraged over a maximum of ONE-THIRD OF ONE PERCENT raise.  Come on yall.    An extra 35 cents for every $100, AT MOST.  Seriously? 

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uhhuh... take into perspective 3 years ago when they said fees would not increase with MP enrollment - then not more then 4 months later FVF raised, then again following year, and 2 more times since then, and take into account the extra fees like PL and additional increase installed this past year with transaction fee, then shipping fee, that $0.35 has become $2.35 -$3.25 FVF increase within 2 years.  FVF when started MP was 10.5% if i remember right.

[vintagecraze50]

When managed Payments first came out they were able to really get a grip on profitability during that time. However, that profitability began shrinking as more and more websites began to compete and take away their business, THIS especially after the pandemic. So this is a matter of keeping this website online and functioning. I get it. Just wish they could get a grip on this ad thang they do that has got to be increasing prices on here and driving people away even more. I certainly do not know how some of these sellers can afford those very hefty ad fees. 

[zamo-zuan]

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@mam98031 wrote:

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I think some sellers are considering the Promoted fees they are paying and those are all voluntary, not set by Ebay.

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When the numbers nowadays are > 50% of impressions are promoted, > 80% of sales are promoted, and most alarmingly the *organic impressions* drop when you don't promote, I don't think it's fair to call them voluntary. 

Especially when the current eBay climate has our last months performance at ~30% of our traditional monthly average... Without promoting we'd be at about 10% of our monthly average.

It's only a technicality to say that promotions are "voluntary" at this point, because if eBay has created an environment where if you don't promote you will have to shut down your eBay store, it's not really fair to call it that.

 I know it's an age-old debate at this point. But let's not forget the definition of voluntary includes "not being forced or paid to do so".

Honest question - Can we truthfully say sellers are not being forced to do it, without our payments being punished for not doing so?

[mam98031]

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@nuclearomen wrote:

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@gurlcat wrote:

. I just can't see how anyone could be outraged over a maximum of ONE-THIRD OF ONE PERCENT raise.  Come on yall.    An extra 35 cents for every $100, AT MOST.  Seriously? 

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uhhuh... take into perspective 3 years ago when they said fees would not increase with MP enrollment - then not more then 4 months later FVF raised, then again following year, and 2 more times since then, and take into account the extra fees like PL and additional increase installed this past year with transaction fee, then shipping fee, that $0.35 has become $2.35 -$3.25 FVF increase within 2 years.  FVF when started MP was 10.5% if i remember right.

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Ebay's FVF in most categories back before they started onboarding sellers into MP was 10.2%  to Ebay and 2.9% to PayPal.  Total fee 13.10%.  

In August 2020 Ebay went to a simplified fee for sellers in Managed Payments.  That fee was 13.25% for most categories and as sellers were onboarded to MP, this rate applied.  Onboarding took until late 2021.

For what it is worth, some 4.5 years later, my FVF in the categories I sell in are still 13.25%.  The only fee that changed for me in almost 5 years was the per transaction fee went up from 30 to 40 cents.

Other categories may have different experiences, this is only my experience in crafting categories.  

As for fees for using various tools that Ebay offers, such as Promoted listings, those are all optional and not part of or should not be part of a conversation regarding Ebay's basic selling fees, which are NOT optional.

[mam98031]

Promoted listings is an OPTIONAL tool that can be used by sellers.  It is a different conversation from required fees such as FVFs and per transaction fees.  You can come up with any argument that you want.  They are not the same thing. 

PL is a separate conversation and much of what you have said is very valid to that conversation.  Something to remember about PL.  Most sellers don't use it.  Imagine the chaos that would be caused if the majority of sellers did!!!  

I know because there is so much clutter on listings due to these ads, it likely seems like more listings are being promoted than actually are.

The numbers you quote above IDK if they are for your own selling account or some other number.  I can't find where those numbers hold up for all the sellers using promoted listings.

[vip_tickets_uk]

Thanks for the content