Total disrespect for sellers

[jrennet]

I am just curious how Ebay can be still in business treating sellers the way they do.

This is the 3rd time I sold a car on Ebay and each time buyer bailed out, didn't pay and didn't reply to any text message or phone calls. Totally rude and disrespectful.

Buyers don't care because as a seller you cannot leave any feedback to buyers - so buyers are all good, you can report them on Ebay (which I did each time) but it has zero consequences.

Last time I ended selling the car on Craigslist is less than 24 hours.

Ebay used to be a good marketplace to buy or sell. But it became over the past years a COMPLETE GARBAGE business. Exorbitant seller's fees and no respect at all for sellers. No wonder why the company's business is so lousy. I have been avoiding buying and selling there as much as possible. Soon they may realize that without sellers there cannot be any buyers because there is nothing to buy.

The questions is : how can such a **bleep**ty company be still in business ?

[katt884]

As of late I am getting the same feeling. I have been having some problems with several recent buyers. And they always side with the buyers no matter what. The playing field needs to be leveled. I just have my account restricted because a buyer made a false claim about an order. Me thinks they had buyer remorse. Ebay has gone downhill quite a bit in the past few years. They are losing many great sellers. Some moving on to Amazon. I know one thing for sure, their stock has gone don quite a bit in the last several years. 

[buyselljack2016]

Vehicle sales are non-binding. Either buyer, or seller can bail. That's just the way it is.

[jrennet]

You must be kidding. So buyers are actually not buying but getting an option to buy ?

And Ebay takes 10 % of the sale ? This is complete bull**bleep**. Why should I spend all this time with so disrespectful buyers and give 10% to Ebay when I can sell the car in 24 hours on Craigslist and pay 0$ commission ?

Ebay can go to hell

[aldente28]

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@katt884 wrote:

 I know one thing for sure, their stock has gone don quite a bit in the last several years. 

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Ebay stock is at an all-time high.

Just sayin'.

[jrennet]

The only reason why their stock is high now is because of the surge to online buying because of the coronavirus pandemic. Their stock was at $ 23.5 in Dec 2004 - 138% increase in 16 years

Very lousy company with very poor performance. In the same time (since Dec 2004) Amazon stock went up 6800 %

[gwzcomps]

Local pickup only items are always a pain to sell on eBay.  This is nothing new unfortunately.  Luckily there are always other options as you have found 🙂

[aldente28]

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@jrennet wrote:

The only reason why their stock is high now is because of the surge to online buying because of the coronavirus pandemic. ...(since Dec 2004) Amazon stock went up 6800 %

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As of Friday, ebay stock is up almost exactly 7000% since going public in 1998.

And Covid-19 helped Amazon stock quite a bit, too.

[fashunu4eeuh]

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@katt884 wrote:

As of late I am getting the same feeling. I have been having some problems with several recent buyers. And they always side with the buyers no matter what. The playing field needs to be leveled. I just have my account restricted because a buyer made a false claim about an order. Me thinks they had buyer remorse. Ebay has gone downhill quite a bit in the past few years. They are losing many great sellers. Some moving on to Amazon. I know one thing for sure, their stock has gone don quite a bit in the last several years. 

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Historical stock prices*:

Sept 98.....77 cents

Sept 99.....$7.25

Sept 00.....$7.06

Sept 01.....$4.70

Sept 02.....$5.43

Sept 03.....$11.03

Sept 04.....$18.90

Sept 05.....$16.94

Sept 06.....$11.60

Sept 07.....$16.05

Sept 08.....$9.20

Sept 09.....$9.70

Sept 10.....$10.03

Sept 11.....$12.13

Sept 12.....$19.89

Sept 13.....$22.95

Sept 14.....$23.29

Sept 15.....$23.88

Sept 16.....$32.15

Sept 17.....$37.58

Sept 18.....$32.26

Sept 19.....$38.51

 Present...$56.29

*Yahoo Finance data, adjusted close price adjusted for both dividends and splits.

https://finance.yahoo.com/quote/EBAY/history?period1=906595200&period2=1597449600&interval=1mo&filte...

[ed8108]

Being risk adverse, if I had some stock, I might consider selling.

[18704d]

"You must be kidding. So buyers are actually not buying but getting an option to buy ?

And Ebay takes 10 % of the sale ? This is complete bull**bleep**."

--------

They are not kidding.  It's eBay's policy:

https://www.ebay.com/help/policies/rules-policies-buyers/nonbinding-bid-policy?id=4228

"In most product categories on eBay, when you place a bid in an auction it's considered binding – when you win an auction, you're agreeing to complete the purchase. However, there are some categories where bids don't create a formal contract between the buyer and seller.

For motor vehicles and real estate, bids are considered non-binding. When you bid on an item in these categories, you're expressing a strong interest in buying the seller's item, but no formal purchase contract is created if you're the winning bidder. For more details on non-binding bids, please see our full policy guidelines below.

Why are bids in these categories non-binding?

Properties and vehicles are usually high-priced items, and their sale is often both complex and subject to a variety of laws. As such, it will often be necessary for potential buyers and sellers to exchange additional information before completing a transaction."

And eBay states, that by placing listings in that category,

is your agreement that you understand and will follow that policy.

Thanks,

Lynn

[jrennet]

In March 2020 their stock was $ 27.5.........17 % increase in 16 years

The worst of the worst for a tech stock. Not surprising for a company who treats their sellers ( those generating the business) like Sh*t

[28g1008]

VERY AGREE with you... my experience is 10 buyers file case to me 100% success for refund... fee for ebay transaction is high enough 10% but never refund to us for buyer nt to complete the order ..... my only explanation is ebay just favour BIG seller ignore us as small sellers

[28g1008]

US stock price just fake lift up by govt.... Trump policy is business policy just protect businessman ignore normal public 

[jrennet]

Yes, 7000 % since going public but this is only because it used to be a company for doing business in the first 10 years after going public. They have been a complete loser for the past 15 years. Look at their financial reports. It tells the whole story, almost zero growth for the past 10 years