mam98031 • Volunteer Community Member • Buyer/Seller since 1999
@style2034 wrote:I am charged 15%. I have been selling since 2004. I do not have a store any more and I am above standard only because I sell very little now. Below is my sale from today. I am charged 15% all the time. Why is that when it should be 12.9%.
Keep in mind that the FVF is charged on the price of the item sold, shipping charges and sales tax paid by the buyer. The FVF is charged on the TOTAL amount that the buyer pays.
@craft-stash wrote:The breakdown is more likely 20% with all the hidden floating fees! And rising!!
Ebay has NO hidden fees. Just because a seller may not be aware of the fee structure doesn't mean the fees are hidden. They are ALL clearly stated on the policy pages. Any seller that would like to know what the fees are can easily find the policy and read it.
@femmefan1946 wrote:Ebay is our money processor now.
EBay is our money processor again.
From 2002 to 2015, eBay owned PP outright. Before that eBay had an in-house processor called BillPoint.
While the PP calculation was made separately and immediately, while eBay fees were cumulative monthly, the total all went to eBay. Like cargo pants with many pockets.
When eBay was forced to spin off PP, they worked together for a few years, but eBay was developing Managed Payments.
I see two possible advantages with MP.
- EBay/MP is irritating us by making registration more difficult and by asking for further verification of long standing accounts randomly.
- The advantage may be fewer hijacked accounts. Maybe.
And we are seeing almost all our fees in one place at one time.
- The transparency means that sellers are suddenly aware of how much they are actually paying out for sales, and learning, perhaps for the first time, that they are not making as much money as they thought.
- Store fees and perhaps some others are charged monthly.
Thank you, I am aware of the history. I've been around quite a few years. However Ebay was NOT our money processor when they owned PayPal. Paypal was the processor. Ebay was not licensed or operated at the money processor.
And no, all the funds that PP earned did not go to Ebay. PP was its own company with its own operating expenses. PP generated their own financial statements, paid their own employees and paid their own expenses. Certainly some of the net income would come back to Ebay because they owned it, but not every penny they made. If that were to happen then who is paying the expenses for the PP site?
"EBay/MP is irritating us by making registration more difficult and by asking for further verification of long standing accounts randomly." I'm not sure how correct this is. Certainly from my point of view Ebay made the process more cumbersome than it needed to be, but Ebay only asked for info that was required by law for them to collect. And I haven't seen anything about it being random. That would mean that Ebay is randomly complying with the federal laws. I'm not sure they would risk something like that as that could backfire big time.
Individual accounts that get hijacked is something that Ebay does take seriously but isn't due to a lack of security on the site. Individuals getting hacked is usually do to something that happened on the account holder's end. Lapse in security, using unsecured wifi connections, sharing passwords, firewalls, etc. etc.
@johnrj1226 wrote:eBay used to charge a 10% FVF and PayPal charged 2.9%+30 cent fee. PayPal is no longer eBays Money Processor. Now all the selling fees are wrapped into one fee schedule including the Money Processing. eBay calls it "Managed Payments".
This changer over happened about 2 years ago - trust you signed into Managed Payments so you can receive your funds from your sales into you checking account.
Correct. Now we pay that 12.9% directly to Ebay plus the 30 cent per transaction fee.
