Options
Facts about eBay's new fee structure (not bashing)
halfcentman
Posts: 1,498 ✭✭✭
TO WHOM IT MAY CONCERN:
Under the new fee structure for auctions which start $0.99 and under, eBay is charging 9% of the hammer with a cap of $50.00.
Under the current fee structure of 8.75% on the first $25.00, 3.5% on the next $975.00, and 1.5% on all monies over $1,000.00, you would incur a $50.00 final value fee on an item valued at $1,912.00.
As an eBay Powerseller, I felt it it's important to let everyone know what the facts are, nothing more and nothing less.
Greg
eBay ID: gynandroidhead
Under the new fee structure for auctions which start $0.99 and under, eBay is charging 9% of the hammer with a cap of $50.00.
Under the current fee structure of 8.75% on the first $25.00, 3.5% on the next $975.00, and 1.5% on all monies over $1,000.00, you would incur a $50.00 final value fee on an item valued at $1,912.00.
As an eBay Powerseller, I felt it it's important to let everyone know what the facts are, nothing more and nothing less.
Greg
eBay ID: gynandroidhead
0
Comments
In any event, they charge you 8.75% of the hammer with a maximum of $19.99. For this, you could list a coin under $25.00 or over $550.00. You could also circumvent it by using Turbolister.
Greg
<< <i>at least they are making it easy to calculate the fees.....
From the announcements web page:
Great news ...
•Either way, pay one easy Final Value Fee of 9% of the winning bid—and never more than $50—pay only if your item sells.
an "easy" FV Fee calculation is not a major concern of their sellers base.
<< <i>eBay also has a policy where they give you "zero insertion fees" for the first five auctions of a period in a month (I believe it is based on your join date, but do not hold me to that).
In any event, they charge you 8.75% of the hammer with a maximum of $19.99. For this, you could list a coin under $25.00 or over $550.00. You could also circumvent it by using Turbolister.
Greg >>
That goes away when the new structure hits.
<< <i>TO WHOM IT MAY CONCERN:
Under the new fee structure for auctions which start $0.99 and under, eBay is charging 9% of the hammer with a cap of $50.00.
Under the current fee structure of 8.75% on the first $25.00, 3.5% on the next $975.00, and 1.5% on all monies over $1,000.00, you would incur a $50.00 final value fee on an item valued at $1,912.00.
As an eBay Powerseller, I felt it it's important to let everyone know what the facts are, nothing more and nothing less.
Greg
eBay ID: gynandroidhead >>
So an item starts at .99 cents, closes at $50. Current eBay fees $3.21. New eBay fees $4.50. A 40% increase. I'd laugh if this wasn't so greedy.
Free Trial
wall street wants the earnings growth of eBay from years ago.
9% + 2.9% .... where are they going next? 10-15% fees similar to auction houses, but it's got to end there or somewhere close. this is not a profit/loss scenario, so why upset the (previous - current) seller base? it also opens the door for someone like google to come in and back fill in the void. as said before... the are moving and probably already have moved away from serving their original customers: small traders. Between Amazon and Google or Microsoft, eBay could be slowly squeezed out of existence as many players are slowly squeezing out Yahoo.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
<< <i>wall street wants the earnings growth of eBay from years ago. >>
Of course, growth of any business will plateau. And that is the ultimate folly of market capitalism -- it cannot be sustained without ever increasing rates of growth.
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>They are betting that since sellers have no real alternative, they will suck it up and pay the fees. Time will tell. >>
Sure, as it applies to collectibles sellers. Widget sellers have long since fallen in love with Amazon and their flat 15%.
The real question is: Would you throw 100% of your support behind a site that is tailored to collectibles?
<< <i>It would seem Heritage has most of the technology in place already, and they advertise enough to attract buyers and seller. Seems like a natural fit. >>
The only problem with Heritage is their $5,000 minimum lisitngs.
99.999% of the eBay coins sellers would never have that much to sell at one time.
eBay fee's are going to kill the opportunity for some of us small time listers and other venue's will simply fill in that void. I may now be forced into trying some of these other guys since everything I list now has a starting price at the very minimum.
BTW, I like their news releases. Designed to "sound" like they are actually lowering fees. Ain't it GREAT!
The name is LEE!
Russ, NCNE
Take a peak...
Auctions
CoinSpace.com Founder
www.coinspace.com
<< <i>Russ, just out of curiosity since you have a lot of listings, what would it take for you to stop using ebay? >>
A site that actually has buyers.
Russ, NCNE
<< <i>
<< <i>Russ, just out of curiosity since you have a lot of listings, what would it take for you to stop using ebay? >>
A site that actually has buyers.
Russ, NCNE >>
It is none of my business, but I'm saying fee-wise. Fee-wise, what would you be willing to pay and it still be worth your time to list. Personally, I would think that coin margins are so tight, that 8% would seem like it is right on the edge of not being worth the time and effort.
CEOGBOSE, impressive site. You do all that programming yourself?
Russ, NCNE
<< <i>A tight margin on a sale is better than no sale at all.
Russ, NCNE >>
List up to 100 items a month Auction-style free—no Insertion Fees—when you start your Auction-style listing under $1.
Get new, lower Insertion Fees for all other start prices.
Either way, pay one easy Final Value Fee of 9% of the winning bid—and never more than $50—pay only if your item sells.
List in Fixed Price for 50¢ with Final Value Fees mostly the same as today
"A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."
<< <i>A tight margin on a sale is better than no sale at all.
Russ, NCNE >>
many eBay sellers are now saying eBay is driving traffic to their regular sites, thus making eBay more of an advertisement (potential ""loss leader to the real site""??)
<< <i>
<< <i>
<< <i>Russ, just out of curiosity since you have a lot of listings, what would it take for you to stop using ebay? >>
A site that actually has buyers.
Russ, NCNE >>
It is none of my business, but I'm saying fee-wise. Fee-wise, what would you be willing to pay and it still be worth your time to list. Personally, I would think that coin margins are so tight, that 8% would seem like it is right on the edge of not being worth the time and effort.
CEOGBOSE, impressive site. You do all that programming yourself? >>
Thank you very much, I did all the design and layout and hired programmers to make if function.
CoinSpace.com Founder
www.coinspace.com
A link to there eBay Community.
<< <i>Wondering if all these complaints were also made on the eBay Forum? Seem like there is more chance of them hearing them there.
A link to there eBay Community.
Yep, by the thousands. And, it's just as effective there as it is here.
Russ, NCNE
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>
<< <i>Wondering if all these complaints were also made on the eBay Forum? Seem like there is more chance of them hearing them there.
A link to there eBay Community.
Yep, by the thousands. And, it's just as effective there as it is here.
Russ, NCNE >>
Agreed. Ebay does what Ebay wants regardless of what is said on the forums or despite their best Seller's thoughts on the subject. They continue too alienate the very seller's that made Ebay what it is today by raising fee's when a rate hike isn't necessary. Unfortunately Ebay is the only auction site on the web that offer's that kind of viewer traffic for the small time/big time seller's out there.
Visit my son's caringbridge page @ Runner's Caringbridge Page
"To Give Anything Less than Your Best, Is to Sacrifice the Gift" - Steve Prefontaine
With new fees it will be $50?
<< <i>I just sold a coin for $800. EBay fees $21.49.
With new fees it will be $50? >>
The fees will be 9% for the first 100 free listing starting at .99 and lower. Will the fees be lower if we start at $1.00 and pay the insertion fee?
<< <i>Will the fees be lower if we start at $1.00 and pay the insertion fee? >>
Nope. It will be a flat 9% regardless of starting price. That 100 auction no insertion fee under $1 is just another part of the spin.
<< <i>I just sold a coin for $800. EBay fees $21.49.
With new fees it will be $50? >>
Correct. If you regularly sell high dollar coins, it would be a good idea to pony up the $16 a month for a store. In your example, the fee would be $33.19 instead of $50. The difference on that one sale would pay the subscription fee on the store for a month.
Edit: Where did you get $21.49 on an $800 coin? Under the current fee structure, it's $29.32. Which means one sale wouldn't pay for the store. In any event, everybody needs to crunch their own numbers to see if the store subscription works out for them.
Russ, NCNE
<< <i>
<< <i>wall street wants the earnings growth of eBay from years ago. >>
Of course, growth of any business will plateau. And that is the ultimate folly of market capitalism -- it cannot be sustained without ever increasing rates of growth. >>
Exactly, which gets us close to the definition of a cancer, growth for the sake of growth.
Just too much hassle.