eBay

sakic92710 · ‎04-22-2023

What % do you lose on your sales? Including S/H, my sale was just shy of $32. Fees came to just shy of $8. A 25% loss! So much for the 13% charge we incur. Complete lose of the exchange rate for me. Anyone see a higher fee structure in their sales? Glad I do a lot more with in-person cash sales! I keep it all. 🙂 Good luck to all.

stainlessenginecovers · ‎04-23-2023

I think the 'difference' in the fee is NOT just the tax on the fee, but the exchange rate. Ebay charges their fee on what would be a US dollar, vs. whatever it sold for in Canada.

With the exchange rate being .75c on the $1, if an item sold for $30 Canadian; it would be charged a final value fee on approx. $40.

So, instead of the fee being approx $4.50 it would be $5.90?? (using rounded 14% FVF +.30c) and then there is a tax on the fee in CA. adding more?

dhbookds · ‎04-23-2023

Strange that Saki won't show the fee breakdown.........which would settle this.........all of it is just guessing......and some don't realize it's a Canadian sale to another Canadian.......

His original question was not "WHY were the fees so high"..........so he must understand that........he was just griping because they were high..........

Thread is just "stirring the pot" in my opinion.......and a total waste of time........

lacemaker3 · ‎04-23-2023

@sakic92710 wrote:
GST is the tax on the fees, not on the sale of the item.

@sakic92710, there would have been two GST/HST charges added, as I showed in the chart.

The buyer is charged GST/HST on the purchase-price-plus-shipping, at their provincial rate, which is included in their total payment.
The seller is charged GST/HST on the total eBay fees, at their provincial rate. That's the $0.92 that is shown in your screenshot.

What was the buyer's total payment, and the numbers that added up to their total payment?

Then, what were the fees that added up to the total fees of $7.04?

Here's an example of the GST/HST included in the buyer's total payment. This is from another of your items, the same category/type of item, but slightly less expensive. This includes 13% GST/HST (the Ontario rate) on $23.95 + $5.00 = $28.95.

lacemaker3 · ‎04-23-2023

@sakic92710 wrote:
GST is the tax on the fees, not on the sale of the item.

I'm not sure how the total eBay fees for this sale could have added up to US$7.04, based on the information we have so far.

Is that screenshot showing the fees in US$, or is it showing the fees in your account currency, which I believe is Canadian dollars?

lacemaker3 · ‎04-23-2023

I do think this could be the explanation (see my previous post).

Assuming that the item was delivered to an address in Ontario (or another province that also has 13% GST/HST), then using a reasonable conversion rate, the total eBay fees in C $ could very well have been C $7.04.

Paid by Buyer:		US $	Charged on: (Comments)	C $
Purchase price		$ 26.95
Shipping		$ 5.00
Subtotal		$ 31.95
Sales tax (GST)	13.00%	$ 4.15	Subtotal (at buyer's GST rate)
Total payment		$ 36.10

Paid by seller:			(FVF = Final Value Fee)
FVF Variable	13.25%	$ 4.78	Total payment	Conversion
International Fee	0.40%		Total payment (sales outside USA/Canada)	rate: C $1 =
FVF fixed	$ 0.30	$ 0.30	(Per order)	US $ 0.7221
Total fees		$ 5.08		$ 7.04
GST on total fees	13.00%	$ 0.66	(at seller's GST rate)	$ 0.92
Shipping label			(if paid from pending/available funds)
Total deductions		$ 5.74		$ 7.96

j

buyselljack2016 · ‎04-23-2023

soh.mary was not saying that there was no FVF on the shipping.

Her statement was that the cost of shipping should not be counted as a fee 😊

stainlessenginecovers · ‎04-23-2023

This is not the first time the OP has posted about paying eBay fees on US vs. CA Conversion Variance.

So, In the "eBay" way: the item sold for $40 US and not $30 (CA); fees were applied from there (along with shipping and taxes paid)

sakic92710 · ‎04-23-2023

US funds. The sale was in US & the fees shown are the same.

monica-sells · ‎04-23-2023

if the sale was to the U.S. why did you change the shipping charge to $5.00 instead of the $10.00 shown in the listing? Can anything be shipped to the States for only 5 bucks?

luckythewinner · ‎04-23-2023

@sakic92710 wrote:
What % do you lose on your sales? Including S/H, my sale was just shy of $32. Fees came to just shy of $8. A 25% loss! So much for the 13% charge we incur. Complete lose of the exchange rate for me. Anyone see a higher fee structure in their sales? Glad I do a lot more with in-person cash sales! I keep it all. 🙂 Good luck to all.

I'm sure many people have posted this already, but if so it bears repeating:

You did not "lose" the shipping because it was never part of your sale and it never belonged to you to begin with.

IMHO you should be calculating how much you lost by subtracting your net profit from the item price and not the total sale.

(And if you offer free shipping, you should reduce the selling price by the shipping cost since "free shipping" is not really free, it just raises the selling price artificially).

funfactorychannel · ‎04-23-2023

Maybe also the promoted ad fees?

lacemaker3 · ‎04-23-2023

@sakic92710 wrote:
@lacemaker3 wrote:
@sakic92710 wrote:
GST is the tax on the fees, not on the sale of the item.

I'm not sure how the total eBay fees for this sale could have added up to US$7.04, based on the information we have so far.

Is that screenshot showing the fees in US$, or is it showing the fees in your account currency, which I believe is Canadian dollars?

US funds. The sale was in US & the fees shown are the same.

OK. In that case, let's go back to the previous questions.

@lacemaker3 wrote:
...

What was the buyer's total payment, and the numbers that added up to their total payment?

And what were the fees that added up to the total fees of $7.04?
...

nuclearomen · ‎04-23-2023

jesh, just post screen of the full Order Details receipt so we can end this thread.

The great truth is there isn't one
And it only gets worse since that conclusion...
...There is something about the rigid posture of a proper, authentic blind
As if extended arms reached to pass his blindness onto others.

sin-n-dex · ‎04-23-2023

@sakic92710 wrote:
I sold the item for $26.95 + $5 S/H. $31.95. They subtracted $7.96 for fees.

Don't mix up your currencies when doing your math. I checked a similarly priced item in my payments history (the percentage for coins is less, by about 4% - however the item I picked is $8 more than what you're talking about).

See fees, no where near $8 USD.

sin-n-dex · ‎04-23-2023

@dbfolks166mt wrote:

Most small time sellers are not registred because in the past it meant they also had to charge GST on their sales. As of last year eBay started to collect GST from buyers (similar to what they do here) so if a seller registers they will get a refund check every time they file (annually or quarterly). 😀

Any business with revenues exceeding $30,000/year are required to register. 😀

You could do what I do... keep charging it as if it had no tax, and doing a behind the scenes calculation of how much item cost is vs GST to be remitted and then remit what you should without the customer realizing tax was part of their purchase. (I'm on the USA eBay, so it wasn't possible for me to set up to collect Canadian taxes, and it was making my life complicated, what I'm doing is perfectly OK if I'm declaring the sales total and tax to be remitted).

I had a bookkeeping business 10 years ago and was forced to register because of that. Then I started having to track all sorts of eBay things because in Canada the business is my name, so it applies to every enterprise I run that's not incorporated.

C.