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Heads up. Express payout fee change.

Ebay is simplifying express payout fees. Beginning July 1st each express payout

will have a $2.00 fee.

Thankfully I do not use express payouts. 

Some of my items sell for 2-5 dollars.

Message 1 of 6
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5 REPLIES 5

Heads up. Express payout fee change.

I don't think we need a heads up since that announcement is posted in every sellers Financial Summary . 
I don't subscribe to Express Payouts so it doesn't affect me at all. I use On Demand payouts, it maybe a little slower, but its free. IMG_1722.jpeg

 

Message 2 of 6
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Heads up. Express payout fee change.

I saw it. They say it's "simplifying" it.   It is not "simplifying" it.......it is raising the fee they collect for using it.  It's still same just a higher price for people who use it. 

Message 3 of 6
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Heads up. Express payout fee change.

It's not clear to me why anyone needs Express Payouts except for a dire emergency. I'm on weekly payouts but if I do an On Demand payout I will have the money in my bank account within 24 hours (usually less), paying extra to get it a few hours earlier doesn't make any sense unless you have a true extreme emergency in which case a $2 fee is a better option than a payday loan joint.

 

 

Paranoia strikes deep
Into your life it will creep
Message 4 of 6
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Heads up. Express payout fee change.

Can you Use Other People's Money? Make a purchase with a credit card, get 30 days to pay that back and avoid the $2.00 fee altogether. Your eventual goal as a consumer and a  business person should be to operate without paying fees and interest. Then you can spend all of your money yourself rather than paying a percentage to someone else.

Message 5 of 6
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Heads up. Express payout fee change.

I don't see how anyone can defend this. $2 is outrageous for something that was always a nominal fee ($0.25). What’s next, $5 listing fees?

Message 6 of 6
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