Ebay final value fees
cheezhed
Posts: 5,872 ✭✭✭✭✭
This may have been beat to death but I just sold two items after some inactivity and saw that sales tax is included in the final value fee?
I don't mind the fee on hammer price and even shipping but this seems excessive.
Many happy BST transactions
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Yup but whatcha gonna do about it? Gotta pay to play!😎
jm will soon come by to say MP is perfect
Still cheaper than PayPal.
Did I satisfy you?
Lol
It actually has little to do with MP as it is predominantly FVF.
They actually don't charge the fee on shipping charges. FWIW
Best bargain in retail.
Such a bargain
Give it time.
Personally I think the damn States should have to pay the fees!
or Wayfair
Or South Dakota - they could have just hired North Dakota's lawyers from Quill!
You do have to love the sales tax. Turns every business into an unpaid tax collector forced to accept all the risks...
What's MP?
Managed payments
It was last year about this time when everyone was saying that eBay would raise the fees after everyone was on MP. Instead, PayPal raised their fees almost 20% and eBay hasn't budged.
You never know...
If you're talking ebay managed payments I have that.
Yes, that's it.
Is this the thread for complaining about eBay for things they're not actually doing, but someday might?
Asking for a friend...
do not forget that the 1099 from Ebay will include taxes they collected and dispersed to individual states on your behalf. This results in the 1099 reporting income to the IRS that is higher than your actual sales proceeds. Be sure that the income you report on your tax return reflects your actual sales income and not the total reported by the 1099 or you will overpay your taxes.
As far as paying small Ebay fee on the taxes collected, it is a very, very small price to pay to have someone else handle the headache of collecting and remitting sales taxes to 50 different entities. Thank you ebay.
Repetition of ignorance is ignorance raised to the power two.
I haven't looked yet. But I hope it will be easy to isolate the fees, taxes and what have you in the reports. I run a spread sheet on my sales and it was so easy to just take my CC statements for what ebay charged me and a simple call to Paypal to find out the total fees I was charged for the year.
I might just over pay a little to save the hassle if it's hard to isolate.
From taxfoundsation.org:
"There are over 11,000 standard sales tax jurisdictions in the United States in 2020, according to software company Vertex Inc."
I just stopped using ebay entirely early this year and want nothing to do with them.
When it comes to eBay eventually charging fees on everything, I do know.
Past is prologue. History repeats itself. Never give a sucker an even break. Etc.
Ebay used to be for the small sellers but not anymore.
It is just too much trouble to keep up with all the changes and charges for the little people now.
Those set up to handle them will soon be doing all of ebay sales .
I sold on ebay for 18 years and had fun doing it but do not need a full time job that it now requires.
Here in Ontario Canada we use to have two sales taxes - a provincial tax and a federal tax.
Now, it's combined into a 13% tax called a "harmonized Tax'.......or 'HST'
'Harmonized'....don't you just love the way these made up names are brainwashing us.
Like we're now taxed in a state of 'harmony' so we should all be happy.
Instead of the HST, they should have more appropriately called it the SST (sodomized sales tax).
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
You don't want to report less income than is on the 1099, that's a red flag that is easy for the IRS to find. You want to make sure that you deduct the sales tax paid on your behalf so you don't overpay taxes.
The exact amount depends on your eBay account setup, the individual state, etc. But it's about 10% of 6%, or 0.6%. If that's a problem then raise your prices a tiny amount (or if doing a true auction understand going in that you have that extra 0.6% or so).
I'd rather quit than pay 0.5%!!!
[End sarcasm]
eBay was created to be a place for people to sell stuff online. It works for small sellers but it was not intended to be for small sellers only. As far as changes go, the site changed way more often in the earlier years than it does today. And charges? Tell me where a small seller can get the exposure they do on eBay but with lower fees.
What was 13% total eBay/PP fees (for me) is now 14% plus they use my checking account for debits (like shipping charges) thereby backing out my cc cashback as well. I just round it to 15% for eBay and I pay the shipping (of course).
Like someone noted above, you play - you pay.
Then don't buy your labels through eBay. Set up an account on the USPS website and print your label there. Problem solved.
This is no different than any retailer processing a payment. If you buy something for $100 and there is $10 in sales tax, you pay $110 and they pay a fee on the $110, even though they owe the full $10 to the state.
You can't buy 1st Class labels through USPS which is most of what I use. Typically $4 or $5/ea so not that big a deal but it adds up (to me and eBay's bottom line). eBay getting ahold of our checking account info was not the end game. Just a means to it.
I just now printed a shipping label through eBay. I had the option of using my credit card to pay.
eBay had access to your checking account any time they wanted when they owned PayPal. How did they misuse that info?
The story is simple. eBay set up managed payments to get more money out of your pocket. That's all.
I don't have that option. It's use your funds from payments or your checking account.
And yet I'm paying less in overall fees. Paypal is up to 3.5% Why do I care who gets my money? So, eBay gets more and PayPal gets less. I'M paying LESS overall.
Probably depends on what your default payment method is.
Managed Payment fees are less than PayPal's fees were. How are they getting more money out of my pocket?
That sounds like something someone could look into. If they're interested enough.
They actually do charge the final value fee on shipping. The fee is charged on the total sale, item price + shipping +sales tax.
it's crackers to slip a rozzer the dropsy in snide
Yeah, and it's not the interest, it's the principle!
Change your payment option. I use PayPal to print my eBay labels (except for the inexpensive "eBay standard label") and use my credit card in PayPal to pay for them thereby getting cc cashback on the labels.
it's crackers to slip a rozzer the dropsy in snide
why not just change your shipping payment option in ebay to your credit card and earn the cashback without the hassle of manually entering the shipping info to generate a Paypal shipping label?
Does anyone know how to generate the cheaper ebay standard label for items that sell for more than $20? For these items the standard label is not a shipping option although they meet the physical standard for eligibility, i.e a coin that sells for $25.
Repetition of ignorance is ignorance raised to the power two.
No, it isn't. I'll post some screen shots. Or maybe it's just overseas shipping. I don't actually charge domestic shipping, so I can't really tell. But you'll note that the $25 shipping charge is not included in the amount that the fee is calculated on.
From here: https://www.ebay.com/help/selling/fees-credits-invoices/frais-pour-les-vendeurs-particuliers?id=4822
Final value fees
We charge one final value fee when your item sells, and you don't have to worry about third-party payment processing fees. This fee is calculated as a percentage of the total amount of the sale, plus $0.30 per order.
The total amount of the sale includes the item price, any handling charges, the shipping service the buyer selects, sales tax, and any other applicable fees. If you offer 1-day or international shipping as well as a cheaper or free option (like domestic shipping), the total amount of the sale is calculated based on the cheapest domestic option you offer.
Interesting. So I could charge $200 international shipping and as long as my domestic shipping is free, there's no fees in the shipping ...hmmm....I need more international customers. Lol.
I quit ebay as a seller a number of years ago. Between their fees, Paypal fees, and the post office there wasn't any $ left for me. No fun, just tedious work. ebay is for buying so that's all I use them for.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
Well! If everybody was like you, you would have nothing to buy and ebay wouldn't exist!
I agree with you completely. I gave them up when they wanted me to ship for free and the items I was selling were so cheap that the shipping was costing me more than I was making. People will not pay more for something than it is worth. Then they added sales taxes to make it even worse. Its just to much hassle to be worth the bookkeeping involved unless you are set up for it and the computers do all the work for you and small time people are not.
I guess I could charge the labels to my cc through eBay hadn't checked but I don't have to enter any info in PayPal. Apparently eBay provides a seamless interface with PayPal using the address in the payment transaction.
Regarding the eBay standard label, eBay also provides free insurance up to $20 for one item or $50 for up to three items. I'm sure the limitation has something to do with the risk they are willing to accept.
it's crackers to slip a rozzer the dropsy in snide
Let them all quit, then the buyers will only be able to buy stuff from you and me.
it's crackers to slip a rozzer the dropsy in snide
Yes feel your pain - when I print out their eom report with all their fees and taxes and Calc the eBay selling exp as pct of sales I feel sick, overall feeling of anger, especially if GM after ebay sell exp negative (and this before subtracting Opex). I input it to the GJ and then post to the month line on the excel sales journal and remove sold items from the inventory detail. Then balance inventory detail vs book. I haven’t bought anything inventory wise in months. I may start shopping around but if not heck of deal can buy right no interest.