07-12-2021 12:33 PM
How is everyone adjusting to the new fees eBay is charging. Have you raised your prices and if so how is that working for you is it positive or negative. Has anyone changed the way they price to accommodate for the higher charges?? Can you afford to have a sale or give them more money for ad promotion fees. Just wondering what sellers are trying to adjust so you don't break even with there charges. I had a couple people i know left and is selling elsewhere and haven't heard yet if they like it any better than eBay because others are charging high fees also.
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07-18-2021 07:59 AM
07-12-2021 12:56 PM
What higher charges are you speaking of ?
07-12-2021 01:01 PM
What sort of an increase are you seeing? Under the old fee structure you paid eBay and PayPal 12.9% on the total transaction, an additional 2.9% on any taxes paid by the buyer, and a 30 cent transaction fee. Under Managed Payments you pay 12.55% on the total transaction, including tax, and a 30 cent transaction fee. The fee on the tax is the only increase and probably results in an extra 50 cents or so if the tax is greater than 6%. You are also paying .35% less on the total transaction, excluding tax.
07-12-2021 01:07 PM - edited 07-12-2021 01:09 PM
@nowandthenfabrics wrote:How is everyone adjusting to the new fees eBay is charging. Have you raised your prices and if so how is that working for you is it positive or negative. Has anyone changed the way they price to accommodate for the higher charges?? Can you afford to have a sale or give them more money for ad promotion fees. Just wondering what sellers are trying to adjust so you don't break even with there charges. I had a couple people i know left and is selling elsewhere and haven't heard yet if they like it any better than eBay because others are charging high fees also.
Can you please explain exactly what you mean when you refer to the "new fees eBay is charging"?
eBay raised the fee percentage from 12.35% to 12.55% on April 1. Is that the "new fees" you are talking about?
Can you pick a representative sale, and give us the "before" and "after" fee calculations so we can understand what fee increase you mean?
07-12-2021 01:09 PM
@nowandthenfabrics wrote:How is everyone adjusting to the new fees eBay is charging. Have you raised your prices and if so how is that working for you is it positive or negative. Has anyone changed the way they price to accommodate for the higher charges??
I haven't really done anything because I don't notice anyone doing else anything. Like I've mentioned, on most of my items if I asked a genuine reflection of what the item was worth + selling costs, I'd price myself completely out of any possibility of getting sales. If anyone really had to pull money out of ebay sales, they really have to stick with very specific high-dollar low-competition items for the high fees on here (20% of total sale). Which unfortunately opens up things to scammers and given ebay's history, the buyer always wins on those. Really can't win on ebay as a seller, sadly.
07-12-2021 01:17 PM
I haven't noticed higher fees - what am I missing?
07-12-2021 01:30 PM - edited 07-12-2021 01:32 PM
This will be moot once PayPal increases there fees soon.
But I believe transactions under $10, the 30c transaction fee was waived. And with MP, by including sales tax, you have the potential to pay a little more than when it was separate. But the increase for either case shouldn't be enough to break you unless you were already barely breaking even. Or outright losing money and just not aware of it because PayPal's cut and eBay's cut were separate transactions.
$100 sale at 10% sales tax...
PayPal
$110 * 2.9% +30c = $3.49
$100 * 10% (I think that's what it was) = $10
$13.49 under PayPal
MP
$110 * 12.55% + 30c = $14.11
62c fee difference/increase
Hopefully my math is right.
10% sales tax is a bit outside the norm and there are ways to get sales tax lower for the handful of states that don't charge sales tax on shipping, so you separate shipping costs. But over the course of a bunch of sales at 0%, 6%, or even 10% sales tax. The fees should average out to something less than $14.11. But even then, in the above example, if 62c was the difference between making or breaking you. One or two returns would probably be enough to cripple your business prior to MP.
Now I guess some categories saw a fee increase and they removed fee caps. But that hasn't affected me so I can't say what it is like now for them.
Having said that, as I do sell a lot of sub $10 items. It will be nice if the ever do the transaction fee waiver or even just lower the amount to a dime or something. But it's not enough for me to throw in the towel. Or go on continuous rants about how unfair and greedy eBay is. Just gotta adjust and possibly increase your price a little.
07-12-2021 01:35 PM
@nowandthenfabrics wrote:How is everyone adjusting to the new fees eBay is charging. Have you raised your prices and if so how is that working for you is it positive or negative. Has anyone changed the way they price to accommodate for the higher charges?? Can you afford to have a sale or give them more money for ad promotion fees. Just wondering what sellers are trying to adjust so you don't break even with there charges. I had a couple people i know left and is selling elsewhere and haven't heard yet if they like it any better than eBay because others are charging high fees also.
Our fee structure has really not changed much. The biggest change/advantage has been the extra free listings with a Basic store and the ability to downgrade from a premium store at no charge in April. Worked out really well and is a very nice savings.
We are still using sales and promoted listings and while initially the item specifics debacle was a little daunting, it seems to have finally leveled off, minus the holiday collectibles category. That is still a hot mess.
My fees are pretty much the same.
Were you not factoring in Paypal fees previously to your overall profit/loss per sale?
07-12-2021 01:37 PM
@coolections wrote:What higher charges are you speaking of ?
Probably referring to the "new" fees which are almost entirely made up of the fees they were paying before but didn't know it!
I know one thing absolutely for sure, any changes in selling fees on eBay are dwarfed by the annual increases in shipping costs. (may not be a factor if your average selling price is $1000 with a shipping cost sub-$5).
07-12-2021 01:38 PM
The fee structure under MP doesn't really bother me all that much since it is not that far from what it was under PayPal. However other things have caused me to diversify across multiple venues. Most of them have lower fees, some have none, there is more of a balance of buyer/seller protection and a lot of items I handle in cash so there are no INR's, SNAD, chargebacks............
Since diversifying I probably sell about 70% of my items on non-eBay sites. I can also list at a lower price than I can on eBay because of the lower, or no fees, and reduced risk of having to absorb a loss. The tradeoff is of course less of a target customer base but in some cases that is a good thing.
07-12-2021 02:06 PM
@coolections wrote:What higher charges are you speaking of ?
For me at least international fee and currency conversion. Yes, i had to pay conversion fees with paypal as well, but at least i could also decide if i wanted to spend them without any added cost.
07-12-2021 02:17 PM
Maybe he's still on paypal, their rates are/or will be going up. I haven't seen a raise in fees but have notice a steep increase on prices for shipping supplies
07-12-2021 05:09 PM
>Have you raised your prices and if so how is that working for you is it positive or negative.
I celebrated being forced into MP by raising prices. Am doing it again due to USPS rate increase. Sales have stayed pretty much the same.
07-12-2021 05:18 PM
I'm still paying about the same fee's, so no need to raise prices, yet.
07-18-2021 07:59 AM