02-01-2024 10:10 AM
EVERYONE HAS IT WRONG. EBAY IS CHARGING SELLERS FEES ON TOP OF WHAT THE PRODUCT SELLS FOR. EX, YOU SELL AN ITEM FOR $100.00.. IF TAX TO THAT STATE IS 10% EBAY ADDS THAT COST INTO THE TOTAL VALUE. NOW YOUR ITEM IN THEORY SOLD FOR $110.00. THEN IF YOU ITEM COST FOR SHIPPING IS $10.00, EBAY ADDS THAT INTO THE TOTAL SALE. THUS YOU ARE NOW AT $120.00
SO EBAY IS ARTIFICIALLY INFLATING YOUR SALE PRICE. WHY ARE WE PAYING FEES ON $120.00? WHEN OUR ITEM SOLD FOR $100.00? BECAUSE ITS EBAYS PLATFORM AND UNTIL THERE IS BETTER COMPETITION WE WILL SUFFER.
ON TOP OF THAT, EBAY NOW CHARGES U A PROMOTIONAL FEE RATE. THAT RATE CAN BE ANYWHERE FROM 2-20% ON TOP OF THE FEES EBAY ALREADY CHARGES.
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02-02-2024 11:33 AM
Thanks for your information I have spoken to approximately eight agents and have about eight reference numbers pertaining to this case I cannot talk to a supervisor or manager only an agent I have explained to him and showed him proof that the package did not come back to my address And nobody wants to be accountable for this. They closed the case in my favor on the 12th and then reopened it on the 13th and refunded the buyer that’s on him not on me , ebay is trying to collect the money back from me, not my fault they hire incompetent people!!
02-02-2024 11:34 AM
@solidguitar1961 wrote:$5.45 of $6 is 91% . The way your chart is set up is showing the shipping as an expense but the buyer paid the shipping cost.
That would be because shipping IS an expense / cost. The amount the buyer paid for shipping [if any] is included in the total sale price.
I do think however that @dbfolks166mt should change the "Total Cost" at the top of their form to be Sale Price as it is not a cost, well I guess it is for the buyer, but the form isn't regarding that, it is to spell out the costs to a seller.
02-02-2024 11:41 AM
02-02-2024 11:49 AM
@retro_entertainment_collectibles wrote:
Its why free shipping is attractive and not free shipping add cost the price. REAL free shipping such as Staples or Macy's does. REAL free shipping allows for an immediate line item write off, thats the difference.
Perspective:
Widget "X" sells here for $40 and the seller built in $10 shipping cost and claims free ship.
Staples has Widget "X" same price, $30 but does REAL free ship and we'll call that $10 actual cost. Line item write off, now $20 reported versus $40 reported. Understand in as simplistic as I can make it.
They might say free shipping, but like other stores, they add a certain % to their prices to cover that free shipping.
02-02-2024 11:50 AM
Ebay has to make sales look good for its' stock holders. Just don't promote items.
02-02-2024 11:56 AM
@solidguitar1961 wrote:$5.45 of $6 is 91% . The way your chart is set up is showing the shipping as an expense but the buyer paid the shipping cost.
That would be because shipping IS an expense / cost. The amount the buyer paid for shipping [if any] is included in the total sale price.
I do think however that @dbfolks166mt should change the "Total Cost" at the top of their form to be Sale Price as it is not a cost, well I guess it is for the buyer, but the form isn't regarding that, it is to spell out the costs to a seller.
I would but the seller costs are based on what the buyer paid so that is the starting point.
02-02-2024 12:17 PM
@solidguitar1961 wrote:
@mam98031 wrote:
, it is to spell out the costs to a seller.But it is not a cost to you since the buyer paid it . It would be a percentage of the total sale price , but not seller cost.
You still have to account for it. Some sellers charge [or think they are charging] the exact amount of what shipping is going to be, only to be mistaken and it costs them more. Some sellers offer Free Shipping and others charge the buyer for shipping and a handling fee.
As far as IRS and really generally accepted accounting principals are concerned you take the TOTAL amount you received from your customer and then start subtracting your costs.
So you can do it any way you see fit. If you end up not accounting for things correctly you run the risk of the IRS catching it and then that could mean additional headaches for you that simply are not necessary.
There is no need to over complicate things. It is just simple. Total amount received from a buyer less all your costs = your net income before taxes.
02-02-2024 12:19 PM
@dbfolks166mt wrote:@solidguitar1961 wrote:$5.45 of $6 is 91% . The way your chart is set up is showing the shipping as an expense but the buyer paid the shipping cost.
That would be because shipping IS an expense / cost. The amount the buyer paid for shipping [if any] is included in the total sale price.
I do think however that @dbfolks166mt should change the "Total Cost" at the top of their form to be Sale Price as it is not a cost, well I guess it is for the buyer, but the form isn't regarding that, it is to spell out the costs to a seller.
I would but the seller costs are based on what the buyer paid so that is the starting point.
I understand your schedule and that wasn't what I was commenting to. I was pretty clear in my post, or I thought I was.
02-02-2024 01:10 PM
What kind of comment is that??
02-02-2024 01:18 PM
Great Explanation!
02-02-2024 01:23 PM
@dbfolks166mt wrote:@solidguitar1961 wrote:$5.45 of $6 is 91% . The way your chart is set up is showing the shipping as an expense but the buyer paid the shipping cost.
That would be because shipping IS an expense / cost. The amount the buyer paid for shipping [if any] is included in the total sale price.
I do think however that @dbfolks166mt should change the "Total Cost" at the top of their form to be Sale Price as it is not a cost, well I guess it is for the buyer, but the form isn't regarding that, it is to spell out the costs to a seller.
I would but the seller costs are based on what the buyer paid so that is the starting point.
I understand your schedule and that wasn't what I was commenting to. I was pretty clear in my post, or I thought I was.
It wasn't that obvious to me or I missed something. Are you talking about this line?
02-02-2024 01:42 PM
@mam98031 wrote:
@solidguitar1961 wrote:
@mam98031 wrote:
, it is to spell out the costs to a seller.But it is not a cost to you since the buyer paid it . It would be a percentage of the total sale price , but not seller cost.
You still have to account for it. Some sellers charge [or think they are charging] the exact amount of what shipping is going to be, only to be mistaken and it costs them more. Some sellers offer Free Shipping and others charge the buyer for shipping and a handling fee.
As far as IRS and really generally accepted accounting principals are concerned you take the TOTAL amount you received from your customer and then start subtracting your costs.
So you can do it any way you see fit. If you end up not accounting for things correctly you run the risk of the IRS catching it and then that could mean additional headaches for you that simply are not necessary.
There is no need to over complicate things. It is just simple. Total amount received from a buyer less all your costs = your net income before taxes.
I understand what you are saying . My point is that since the thread was about fees the chart makes it look like you are paying 55% in fees
02-02-2024 01:49 PM
But he's using all caps when posting here, where he is addressing a group of volunteers, eBay buyers and sellers who volunteer their time to help others when they can.
We are NOT the people who he is angry with, so he has no need to yell at us. Yes, let's get real.
02-02-2024 01:56 PM
Don't forget to add that Ebay also shorts sellers by calculating their selling fee charges based off of item cost,shipping, TAX and handling fees. When the final value fees should only be based off of item cost. I called eBay out on this once. They are getting sneakier and sneakier every day. I might start exploring other platforms as well. Since the last Ebay update non of my items have been selling when I used to sell 3-4 items a week and my prices have not changed 😑
02-02-2024 02:03 PM
It's well stated that they charge fees on the complete total nothing sneaking about it . Any other platform is going to charge you the same way .