Restocking fees on eBay?

Shamika · October 7, 2006 3:04PM

Are restocking fees allowed under eBay rules? I always thought they were not and yet I seem to be seeing these more and more lately.

Thenewguy · October 7, 2006 3:31PM

This has been brought up before and ebay does allow it. It is listed under return policy in the help section.
restocking fee

Michigan · October 8, 2006 1:13AM

I will not do business with any Ebay seller that has a "restocking" fee. In my opinion the whole concept is a farce and
just another kind of profit center like overcharging for postage.

seemyauction · October 8, 2006 2:04AM

<< In my opinion the whole concept is a farce and
just another kind of profit center like overcharging for postage. >>

Hire someone to a full time position, pay their wages, match their with holdings, pay workman's comp insurance, unemploymnet insurance, buy shipping lables (we shipped over 5000 last year @ 16.99 per 250), bubble wrap, boxes, peanuts, and then you'll have an understanding of shipping charges.

To make a long story short I took in 22,000 in shipping last year and payed out over 32,000 in shipping charges and materials.....we won't even go into wages.....

Wanna buy an ebay business?

19Lyds · October 8, 2006 4:46AM

You forgot to mention the listing fee's and Final Value fee's. All of them add up to overhead which can eat a business alive!

Personally, I also avoid auctions that have restocking fee's and ridiculous shipping charges unless the coin or item is worth the costs associated with it.

Trinketts · October 8, 2006 5:07AM

<< I will not do business with any Ebay seller that has a "restocking" fee. In my opinion the whole concept is a farce and
just another kind of profit center like overcharging for postage. >>

Although I try not to sell on Ebay anymore your statement has little thought behind it. Listing fees and end of auction fees on will eat you alive on every returned coin, especially when they go over the $500 amount. There are people who will take advantage of this on ebay and will buy coins looking for a score(potential undergrades and cherry picks) if it's not a score they send it back.

The reason I wanted to get away from Ebay is people who really appreciate quality and eye appeal aren't there...(save for a few)

TomB · October 8, 2006 5:11AM

I run like heck from any auction with a stated restocking fee and view it as a way to coerce a buyer into keeping inferior merchandise.

ABC123 · October 8, 2006 5:25AM

Without a Restocking fee, an Auction becomes an on-approval retail sale. Not what eBay is about !

Michigan · October 8, 2006 5:28AM

<< Without a Restocking fee, an Auction becomes an on-approval retail sale. Not what eBay is about ! >>

If someone doesn't like an item they should have the right to return it. I've sold many things on ebay with no "re-stocking" fee
(of course I am just a one person operation

and gladly took things back if someone didn't like it.

TomB · October 8, 2006 6:01AM

<< Without a Restocking fee, an Auction becomes an on-approval retail sale. Not what eBay is about ! >>

Actually, ebay is about making money. Whether it be an auction, approval sale or buy-it-now, ebay is about making money and sellers who choose ebay are free to choose the selling paradigm that suits them best. So, if someone wants to include a restocking fee then they should be aware that droves of potential buyers will abandon them, which is entirely proper since the auction format of ebay is unlike the auction format of typical coin auctions where people have the opportunity to view every lot in-hand before committing to bid. Sellers should understand this, unfortunately, many sellers do not.

seemyauction · October 8, 2006 9:53AM

<< 

<< Without a Restocking fee, an Auction becomes an on-approval retail sale. Not what eBay is about ! >>

If someone doesn't like an item they should have the right to return it. I've sold many things on ebay with no "re-stocking" fee
(of course I am just a one person operation

and gladly took things back if someone didn't like it. >>

Look at my photos on ebay and my description and decide if there is any way possible I can mislead you raw-coins

Russ · October 8, 2006 10:00AM

<< Look at my photos on ebay and my description and decide if there is any way possible I can mislead you raw-coins >>

"ESTATE COIN"

Russ, NCNE

ScarsdaleCoin · October 8, 2006 10:10AM

<< Without a Restocking fee, an Auction becomes an on-approval retail sale. Not what eBay is about ! >>

If someone doesn't like an item they should have the right to return it. I've sold many things on ebay with no "re-stocking" fee
(of course I am just a one person operation and gladly took things back if someone didn't like it.

I think if you buy it from the ebay store then you should have the right to return...but the idea of auction is really more as is...done deal

airplanenut · October 8, 2006 10:20AM

<< 

<< In my opinion the whole concept is a farce and
just another kind of profit center like overcharging for postage. >>

Hire someone to a full time position, pay their wages, match their with holdings, pay workman's comp insurance, unemploymnet insurance, buy shipping lables (we shipped over 5000 last year @ 16.99 per 250), bubble wrap, boxes, peanuts, and then you'll have an understanding of shipping charges.

To make a long story short I took in 22,000 in shipping last year and payed out over 32,000 in shipping charges and materials.....we won't even go into wages.....

Wanna buy an ebay business? >>

Where are you buying labels at $17/250? This is what bulk is for. Then again, I've done plenty of work for a company that pays full wages to two shippers, and somehow doesn't get behind. And yes, restocking fees are a joke.

BlindedByEgo · October 8, 2006 11:19AM

<< 

<< Without a Restocking fee, an Auction becomes an on-approval retail sale. Not what eBay is about ! >>

Actually, ebay is about making money. Whether it be an auction, approval sale or buy-it-now, ebay is about making money and sellers who choose ebay are free to choose the selling paradigm that suits them best. So, if someone wants to include a restocking fee then they should be aware that droves of potential buyers will abandon them, which is entirely proper since the auction format of ebay is unlike the auction format of typical coin auctions where people have the opportunity to view every lot in-hand before committing to bid. Sellers should understand this, unfortunately, many sellers do not. >>

Often, the buyers who are chased off are the better Ebay-educated ones. Sadly, the unsophisticated and the greedy will most often fall prey. In that case, why should a less-than-scrupulous seller care?

MS70ORBUST · October 8, 2006 11:47AM

<< I will not do business with any Ebay seller that has a "restocking" fee. In my opinion the whole concept is a farce and
just another kind of profit center like overcharging for postage. >>

If its returned, the seller has every right to get some Ebay fees back. Nothing wrong with this, if you dont like it then move on.

TwoSides2aCoin · October 8, 2006 12:06PM

these started at a penny and ended at seventy four dollars and twenty five cents. If the buyer doesn't want them...
I'll be more than happy to buy them back at that price. No Problem.

My quote for the day :

~one man's widget is another man's wedgie~

labrams · October 8, 2006 12:44PM

<< Are restocking fees allowed under eBay rules? I always thought they were not and yet I seem to be seeing these more and more lately. >>

Ebay has rules? I think I'm holding my sides here.

Myqqy · October 8, 2006 2:15PM

I don't run away from auctions that have restocking fees, but my final bid amount will probably be lower....

Shamika · October 8, 2006 11:28PM

Actually, if the images are absolute first class and the shipping charges are reasonable, I don't have a problem with restocking fees since I know what I'm getting. However, I've yet to come across a seller who charges restocking fees that gave great images.

<< I run like heck from any auction with a stated restocking fee and view it as a way to coerce a buyer into keeping inferior merchandise. >>

EXACTLY!

bestday · October 9, 2006 12:50AM

On a return does Ebay refund the listing fees and/or the Paypal charge fee ?
Another thought ..can a money order be verified as legit before cashing the money order ?

bushmaster8 · October 9, 2006 1:54AM

I like to see a limited restocking fee. Such as:

"10% restocking fee on PCGS slabs, but limited to a $20 maximum restock.fee"

I think that is reasonable. It's only when the Bigbux item gets returned with an unlimited restocking fee, that I move on to the next auction.

relicsncoins · October 9, 2006 3:11AM

I didn't used to charge any kind of a return fee until some loser won a coin from me and then used my auction photos and write up and put the same coin up for auction the very day he won it. He obviously had not even recieved the coin yet. His auction was a 3 day auction, and when he realized he was not going to make a profit on the coin he pulled the auction and informed me he was sending the coin back. After that episode, I added a 5% return fee to cover my listing fees and final value fees.

JJ

Shamika · October 9, 2006 3:48AM

JJ,

In your case, I would not have accepted a return or would have negged the guy if he refused to pay. If he profits from reselling the coin, good for him. But your inventory cannot be his inventory until the transaction is completed.

Restocking fees on eBay?

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