Did you know that Ebay operates on a 75% gross margin. That means that after they have taken their ~12.5% from your transaction that they only have to pay out 25% of those dollars to actually operate the platform (i.e., before sales and marketing, product development, and G&A). That seems like an eggregiously fat gross margin when the actual core services that EBay provides (e.g., marketplace, payments, trust) are essentially commodities within today's technology landscape. Which is all to say that the real product that they are selling is us - our eyeballs. And something about that really grinds my gears.
And honestly, its part of a broader, general gripe of someone who has recently re-engaged with the hobby.... how can intermediaries take such a large cut of each deal. My brokerage account takes fees in basis points, not full points. When I bought my house, the agents split 5% of the total deal. Compare this to auction houses who regularly take more than 20% and 10%+ at the very, very low end. Don't get me wrong, I love this hobby and I am willing to pay for entertainment, just like I do at the casino a couple times per year, but I don't get a hobbyist community (that prides itself on its good judgement, shrewdness, and common sense) can possibly tolerate this?
Help me get over the hump here, folks, because quite frankly I don't know how you all can stand it.