BIG, BIG Jump in eBay FEES :(
Plato
Posts: 67
Greetings from eBay:
We are writing to let you know that effective midnight PST, February 18, 2005 eBay.com and eBay Motors will be making changes to the fee structure.
The fee changes are as follows:
Gallery
Gallery fees will be raised from $0.25 to $0.35 per listing. We will also be increasing the size of the Gallery image on search and listings pages by 56%. This will make it easier for buyers to see details of the item before clicking into the listing.
Buy It Now
Buy It Now fees will no longer be charged at a flat rate, and will instead be determined based on the Buy It Now price. Fees will be charged as follows:
Buy It Now Price Fee
$0.01 - 9.99 $0.05
$10 - 24.99 $0.10
$25 - 49.99 $0.20
$50+ $0.25
10-Day Duration
The fee for 10-day duration listings will be raised from $0.20 to $0.40 per listing.
eBay Stores
The fee for the Basic eBay Store subscription will be raised from $9.95 to $15.95 per month. The subscription fee for Featured and Anchor Stores will be unchanged.
eBay Store Inventory format listing insertion fees will remain unchanged. The Final Value Fee for Store Inventory items will change as follows:
Closing Price Old Price `
Old Price $0.01 - $25 5.25% of the closing value
New Price 8% of the closing price
Old Price: $25.01 - $1,000 5.25% of the initial $25, plus 2.75% of the remaining closing value balance.
New Price: 8% of the initial $25, plus 5% of the remaining closing value balance ($25.01 - $1000)
Old Price: Over $1,000 5.25% of the initial $25, plus 2.75% of the next $25.01-$1000, plus 1.50% of the remaining closing value balance ($1,000.01 - closing value).
New Price: 8% of the initial $25, plus 5% of the next $25.01 - $1000, plus 3% of the remaining closing value balance ($1,000.01 - closing value).
We are writing to let you know that effective midnight PST, February 18, 2005 eBay.com and eBay Motors will be making changes to the fee structure.
The fee changes are as follows:
Gallery
Gallery fees will be raised from $0.25 to $0.35 per listing. We will also be increasing the size of the Gallery image on search and listings pages by 56%. This will make it easier for buyers to see details of the item before clicking into the listing.
Buy It Now
Buy It Now fees will no longer be charged at a flat rate, and will instead be determined based on the Buy It Now price. Fees will be charged as follows:
Buy It Now Price Fee
$0.01 - 9.99 $0.05
$10 - 24.99 $0.10
$25 - 49.99 $0.20
$50+ $0.25
10-Day Duration
The fee for 10-day duration listings will be raised from $0.20 to $0.40 per listing.
eBay Stores
The fee for the Basic eBay Store subscription will be raised from $9.95 to $15.95 per month. The subscription fee for Featured and Anchor Stores will be unchanged.
eBay Store Inventory format listing insertion fees will remain unchanged. The Final Value Fee for Store Inventory items will change as follows:
Closing Price Old Price `
Old Price $0.01 - $25 5.25% of the closing value
New Price 8% of the closing price
Old Price: $25.01 - $1,000 5.25% of the initial $25, plus 2.75% of the remaining closing value balance.
New Price: 8% of the initial $25, plus 5% of the remaining closing value balance ($25.01 - $1000)
Old Price: Over $1,000 5.25% of the initial $25, plus 2.75% of the next $25.01-$1000, plus 1.50% of the remaining closing value balance ($1,000.01 - closing value).
New Price: 8% of the initial $25, plus 5% of the next $25.01 - $1000, plus 3% of the remaining closing value balance ($1,000.01 - closing value).
Stamps are miniature works of an ever-changing art.
0
Comments
WH
Looking for PCGS AU58 Washington's, 32-63.
Do you have a source document for this news?
Understatement of the decade?
Dave
GRRRRRRRRRRRRRRRRRRRRRRRRRR.............
Toned Coins for sale @ tonedcointrader.com
Dave
Dave
I'll tell you this much, with the new fees, my S&H on anything I list there will go up $1 to cover the cost.
NoEbayAuctionsForNow
I try to avoid the $50-$200 group as much as possible now. The $2.20 listing fee on a $75 coin, hurts the bottom line, no way around it. That's 2% and if you figure paypal at 3% plus any of the other, smaller fees (BIN, 10 days etc.) you end up in that 6-10% range.
I do think you lose a certain segment of the selling market once the fees get to a certain level.
Take proof sets, or bullion gold, for example. Margins on that type of stuff is slim, at best. It's tough to list those items at set prices as the fees eat into the bottom line too heavily. For someone looking to profit. That situation affects the types of items being listed by the larger sellers, OR it affects the way a dealer is buying those types of items. Knowing they have to buy at 5% back of where they would like to usually buy something at if they plan on selling it on Ebay.
LSCC#1864
Ebay Stuff
Overstock.com also has auctions. They just started it.
<< <i>Do you have a source document for this news? >>
Unless I'm getting phony eMails from someone, this page has the information. What I posted was the substance of the email I received last night.
eBay fee increase
y'all really need to check Yahoo auctions. its the only viable alternative to FEEPay. seriously. fees much lower. BTW they also have a way to reduce sniping and shilling.
sure not enough buyers? the buyers will be there, if we get off of FEEPay, give them a bit of competition.
i can not recommend Yahoo enough.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
I agree with Eric.
Ebay has everyone by their balls.
Then again, next feburary the whole things starts all over again.
<< <i>.......people say the say thing about moving to competitors...........
Ebay has everyone by their balls. >>
READ MY LIPS --------------------------> Yahoo Auctions. If we don't move to the competitor, what do you expect? Just like cableTV, no competition, yearly rate hikes. You gotsta move to Yahoo, even if its a bit at a time. There is NO DOWNSIDE to going to Yahoo.
Fees cheaper, item pictures are larger, BY DEFAULT. Few ups and extras. Ebay has us by the balls cause there's no competition, and we are responsible for that. Give Yahoo the coin auction biz, give FEEPay the FleaMarketeers.
<< <i>
There is NO DOWNSIDE to going to Yahoo.
>>
You can't be serious. I have some esoteric Lincoln cent varieties listed right now, one of the auctions has 19 watchers. I'd be lucky to get 19 page hits total in 7 days on Yahoo. I'd much rather take a 3% hit on increased fees on eBay than a 50%-75% hit on the final realized price on Yahoo.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
Amazon.com coin listings
Looking for PCGS AU58 Washington's, 32-63.
<< <i>
<< <i>
There is NO DOWNSIDE to going to Yahoo.
>>
You can't be serious. I have some esoteric Lincoln cent varieties listed right now, one of the auctions has 19 watchers. I'd be lucky to get 19 page hits total in 7 days on Yahoo. I'd much rather take a 3% hit on increased fees on eBay than a 50%-75% hit on the final realized price on Yahoo.
Sean Reynolds >>
no problem, put the esoterics on feepay. my 'profit margin' can not handle 3% for FEEpay, 3% for paypal, x% to the USPS, and i certainly can not handle increased fees beyond the the current insane level. your choice, of course, but again if we don't use the competition, then eat the decrease in your realized net.
Please see my comments inline:
What, do you own stock in eBay?
Yes, I do...
I'll tell you this much, with the new fees, my S&H on anything I list there will go up $1 to cover the cost.
OK, now I'm totally confused. I thought you were done with these guys? You're taking your business elsewhere, right? Why on earth would you continue to use eBay? I mean, you have Amazon, Overstock, Yahoo, TT, Heritage......the options are endless. I'm confused.
Dave
<< <i>
Why on earth would you continue to use eBay? I mean, you have Amazon, Overstock, Yahoo, TT, Heritage......the options are endless. I'm confused.
Dave >>
Right on Dave!
Ebay forum
<< <i>What, do you own stock in eBay? >>
Yep, since the 1990s. Got no complaints.
<< <i>I'll tell you this much, with the new fees, my S&H on anything I list there will go up $1 to cover the cost. >>
Me too
I adjust my mix of advertising funds among the different venues with each eBay fee change. After last February's increases, the changes I made to my eBay selling strategy reduced my eBay fees by 50%. Of course sales dropped too. But, I spent the saved eBay fees on other methods of reaching the customer and more than made up for the reduced eBay sales volume.
While eBay knows they have have little meaningful competition in the online auction field they should be aware that there are other ways for people to reach customers.
WH
http://www.petitiononline.com/ebayfee/petition.html
Toned Coins for sale @ tonedcointrader.com
auction link!
My Auctions
If you're eBay activity remained constant, how much extra money would you have to pay eBay due to these new rates over the next 12 months that they are in effect?
Let's say overall 3% increase. If you are spending $1,000 per month with them now, you'll be only spending an extra $30 per month (& if you look closely, it's LESS THAN 3% overall). If you spend $2,500 per month, that's just $75.
So for about $360-$900 per year, or about $1-3 per day, you'd avoid the best marketing channel in the world in terms of bang for your buck?
Why not just buy 5 times the amount of your expected increase in total dollars of eBay stock & watch the fee increases become meaningless when it rises 20% - or 10 times & only 10% needed, etc.
Yes, there are assumptions embedded in my argument that may not hold & assertions that may not be 110% accurate, & they may not apply to everyone, but A LITTLE PERSPECTIVE IS IN ORDER - IMHO (even if I'm NOT an aggie
I think this is greater than a 3% overall increase. For sellers with stores the selling fees are close to doubling. I would say overall it is at least a 20% to 30% increase for sellers with active stores.
WH
edited to add PS: Of course, I'm just an Aggie.
There's no price increase for regular coin auction (final value fees and inseartion fees), right? This just affects the 10 day auction, BIN, and store fees, right?
David
I'm way too tired & it's way too late for exact calculations but tomorrow (or later today) I'll be all over it.
Zach
Check my ebay BIN or Make Offers!!
It's not quite that simple. They've made sure they own the rights to internet auctions run a certain way - the way everyone's used to. Anyone who sets up an auction site in a similar way is just going to get sued to death by Ebay. Not to mention they have the cash to keep ANY competitor in legal purgatory until they give up. You can blame copyrights and patents for this.
We've only seen this type of corporate behavior in America a thousand times. Standard Oil, The big 3 automakers, Microsoft... destroying competition and exploiting the public is the American way.
2 Cam-Slams!
1 Russ POTD!
The fee changes are as follows:
Gallery
Gallery fees will be raised from $0.25 to $0.35 per listing. We will also be increasing the size of the Gallery image on search and listings pages by 56%. This will make it easier for buyers to see details of the item before clicking into the listing.
Buy It Now
Buy It Now fees will no longer be charged at a flat rate, and will instead be determined based on the Buy It Now price. Fees will be charged as follows:
Buy It Now Price Fee
$0.01 - 9.99 $0.05
$10 - 24.99 $0.10
$25 - 49.99 $0.20
$50+ $0.25
10-Day Duration
The fee for 10-day duration listings will be raised from $0.20 to $0.40 per listing.
eBay Stores
The fee for the Basic eBay Store subscription will be raised from $9.95 to $15.95 per month. The subscription fee for Featured and Anchor Stores will be unchanged.
eBay Store Inventory format listing insertion fees will remain unchanged. The Final Value Fee for Store Inventory items will change as follows:
Closing Price Old Price New Price
$0.01 - $25 5.25% of the closing value 8% of the closing price
$25.01 - $1,000 5.25% of the initial $25, plus 2.75% of the remaining closing value balance. 8% of the initial $25, plus 5% of the remaining closing value balance ($25.01 - $1000)
Over $1,000 5.25% of the initial $25, plus 2.75% of the next $25.01-$1000, plus 1.50% of the remaining closing value balance ($1,000.01 - closing value). 8% of the initial $25, plus 5% of the next $25.01 - $1000, plus 3% of the remaining closing value balance ($1,000.01 - closing value).
Store sellers will continue to be eligible to receive 50% off of the Store Inventory listing final value fees for Store Referral credit. Please click here for details.
Insertion and Final Value Fees
The insertion and Final Value Fees will be changing for items listed in certain Business & Industrial categories. More details about the changes for these categories are provided below. The insertion and Final Value Fees in other categories will not be changing.
Business & Industrial Listings in Certain Categories
The Reserve, insertion and Final Value Fees will be changing for select high item price capital equipment categories in Business & Industrial. Please click here to view the capital equipment categories affected by the pricing change.
The fee changes for these capital equipment categories are as follows:
Reserve fee: Lowered to $5, refundable if the item sells
Insertion fee: Raised to $20, regardless of starting price
Final Value Fee: Lowered to a 1% flat fee, with a $250 maximum charge
Additional listing upgrade fees will remain the same as for eBay.com. Pricing for all other Business & Industrial listings outside the specified capital equipment categories will remain the same as for eBay.com.
eBay will also introduce Buyer Protection covering up to $20,000 per item in these capital equipment categories this spring. eBay will offer this Buyer Protection at no cost to the buyer or seller.
The following fee changes will apply to vehicle listings on eBay Motors.
Fee Changes for eBay Motors Vehicles Listings
Reserve
Reserve will be charged a $5 flat fee for all eBay Motors vehicles categories except Pocket Bikes. This fee will still be refundable if your item sells.
10-Day Listings
The fee for 10-day listings will be changed to $8 for all eBay Motors vehicles categories except Pocket Bikes.
Pocket Bikes Category
The insertion fee and Transaction Services Fee will be lowered from $30 to $3 each.
The following fees will remain the same: Reserve ($2 flat fee, refundable if item sells), Gallery (free), Listing Designer ($5) and Highlight ($5). Motors HomePage Featured fee will be lowered to $24.95 and Vehicle Picture Pack fee will be lowered to $1.50. All other fees will be lowered to become the same as those for eBay Motors Parts & Accessories categories.
For more information about these fee changes, please see our Frequently Asked Questions.
Some international eBay sites have also changed their fee structures. To learn more, please check Announcements for the eBay site of interest.
We understand that fees directly impact our members, and take care to ensure that any decisions to change fees are made only after careful consideration of this impact. These changes will help us continue to sustain and develop a thriving global marketplace, while balancing the needs of our buyers and sellers around the world.
Regards,
eBay
09/07/2006
09/07/2006
Yup....
Dave
<< <i>Someone correct me if I'm wrong, but won't the fees for standard coin auctions (no BIN, Gallery, etc.) remain the same? Maybe it's just me, but it seems like a lot of people are overreacting a bit... >>
In your example, the listing fee would be the same, but the final value fee has gone up.