Home U.S. Coin Forum
Options

Wholly cow is ebay NUTS?

tizofthetizofthe Posts: 1,365 ✭✭✭
I went to ebay to see about selling some silver and decided to check their fees before I began. It’s been over 2 years sense I used them last and could not believe what I read. 9% final value fee? It use to be 5%, maximum of 100.00...are they joking? It use to be 35.00. Not to mention almost a buck for insertion fees that use to be .45 cents.
I will never use them again. I have 879 100% positive feedback and they can have it all back.
I can’t believe people are still using these guys. If I sold a 1 oz bar of silver for 50.00 it will cost... almost 5.00 for the final value, .75 cent to listing fee then another 5.00 for PayPal. That’s almost 11.00 off a 50.00 item. There NUTS!
Transactions..
wondercoin, duffman,PiecesOfMe, Smittys, LogPotato, Bumanchu, Tydye, segoja, Harry779, FullCameo, Twosidestoeverycoin, jmdm1194, rkfish, drewsef, Chrischampeo, Kaelasdad, Ahrensdad, Dabigkahuna, Barbwire, sebrown, mkman123, Gerard

Comments

  • Options
    derrybderryb Posts: 38,556 ✭✭✭✭✭
    see if this agrees with your calculations. It has always been correct to the penney for me:

    Accurate Ebay Fee Calculator

    I have calculated that final valuation fees are cheapest if you do a Buy it Now on everything between $120-$2850 and auction style for everything else.

    "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."

  • Options
    mkman123mkman123 Posts: 6,849 ✭✭✭✭
    Ouch this is why greatcollections is a great idea. EBay prices
    are way to high
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • Options
    keyman64keyman64 Posts: 15,650 ✭✭✭✭✭
    eBay is a good and sometimes only medium for some things to get sold. Clearly, other things should be sold in person at a show...such as PMs if you want to get the most out of it. That is what I do....take the stuff to shows and find a dealer willing to give me the most...
    "If it's not fun, it's not worth it." - KeyMan64
    Not really looking for much these days but if I were, it might be a toner. :smile:
  • Options
    SaorAlbaSaorAlba Posts: 7,593 ✭✭✭✭✭


    << <i>If I sold a 10z bar of silver for 50.00 it will cost almost 5.00 and .75 cent to list it then another 5.00 for PayPal. That’s almost 11.00 off a 50.00 item. There NUTS! >>



    I will gladly pay you the $50, plus the $5, + the .75 cent and $5 payPoo for a 10 oz silver bar, PM your payPoo address please.image
  • Options
    bestmrbestmr Posts: 1,810 ✭✭✭
    Yeah, Ebay is definitely a buyers market. Although, if they keep raising their fees, there won't be as many sellers for the buyers to buy from.
    Positive dealing with oilstates2003, rkfish, Scrapman1077, Weather11am, Guitarwes, Twosides2acoin, Hendrixkat, Sevensteps, CarlWohlforth, DLBack, zug, wildjag, tetradrachm, tydye, NotSure, AgBlox, Seemyauction, Stopmotion, Zubie, Fivecents, Musky1011, Bstat1020, Gsa1fan several times, and Mkman123 LOTS of times
  • Options
    guitarwesguitarwes Posts: 9,308 ✭✭✭

    Don't forget the % they get on your shipping charges. image

    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • Options
    TheBigBTheBigB Posts: 942
    Selling bullion on ebay is great, you just have to steal it first.image
  • Options
    COALPORTERCOALPORTER Posts: 2,900 ✭✭
    10 oz of silver for $50 - what am i missing here?
  • Options
    With Silver bullion i always just start it at 99c for a 7 day auction , it's free to list and not once have i felt i sold too cheap. You can count on ebayers to make sure nobody get's a steal on bullion.
  • Options
    RaufusRaufus Posts: 7,254 ✭✭✭✭✭
    It ain't called FeeBay for nothing? Seriously, though, the fees have gotten totally out of hand. Absurd. The recent, massive hike on auction fees is a real killer.
    Land of the Free because of the Brave!
  • Options
    GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭
    I still consider their fees to be rather reasonable.
  • Options
    RaufusRaufus Posts: 7,254 ✭✭✭✭✭


    << <i>see if this agrees with your calculations. It has always been correct to the penney for me:

    Accurate Ebay Fee Calculator

    I have calculated that final valuation fees are cheapest if you do a Buy it Now on everything between $120-$2850 and auction style for everything else. >>



    Fantastic info!!
    Land of the Free because of the Brave!
  • Options
    ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭
    IMO ebay is the best place to buy and sell coins.

    You have a HUGE audience as a seller.

    Flame away image
  • Options
    RaufusRaufus Posts: 7,254 ✭✭✭✭✭


    << <i>I still consider their fees to be rather reasonable. >>



    Perhpas if you have a discount. Sans discount, they are too high. I think that with the current fee-hike trajectory they will rapidly reach the point of deminishing returns. The sellers will dry up.
    Land of the Free because of the Brave!
  • Options
    LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    You need to plug some number into that calculator derryb linked yours don't make sense.
    One slaps on the hand for rant that doesn’t work.image
    image
  • Options
    BochimanBochiman Posts: 25,790 ✭✭✭✭✭
    In the OP, while I won't disagree that the fees have increased, the amounts you use are definitely hyperbole and erroroneous.
    The easiest to see this on is the paypal fee. For $50, it is not $5.00. I believe that, for the majority of us, paypal is $0.30+2.9%. So, for $50 that would be ($0.30+$1.45) $1.75

    Still not great, but $1.75<$5.00 by a good amount.

    Rant threads are SOOOO much better if facts are correct first image

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • Options
    steelieleesteelielee Posts: 1,177 ✭✭✭
    Don't forget paypal. I sold some low cost items recently. Sold 2 liberty nickles for .99 cents. Paypal took .43 cents. Gotta love em....
    ************************************

    Many successful BST transactions with dozens of board members, references on request.
  • Options


    << <i>Don't forget paypal. I sold some low cost items recently. Sold 2 liberty nickles for .99 cents. Paypal took .43 cents. Gotta love em.... >>



    That's a real downside,it can end up costing a seller to sell low priced items.More so when delivery confirmation comes into play.
  • Options
    tizofthetizofthe Posts: 1,365 ✭✭✭
    I was rounding up and was sill close at around 4.70 based on a 50.00 item. Not to mention the insertion fee, shipping fee and another 4.70 for paypal. That comes very close to 10.00 off your 50.00 item. In other words if you were selling a ASE at 43.00 it would cost you around 8.00. Why would anyone want to take 34-35.00 for for an ASE. Even at todays spot prices your under spot no matter how look at it!
    Transactions..
    wondercoin, duffman,PiecesOfMe, Smittys, LogPotato, Bumanchu, Tydye, segoja, Harry779, FullCameo, Twosidestoeverycoin, jmdm1194, rkfish, drewsef, Chrischampeo, Kaelasdad, Ahrensdad, Dabigkahuna, Barbwire, sebrown, mkman123, Gerard
  • Options
    TheBigBTheBigB Posts: 942
    Actually the fees on ebay have gotten out of hand for bullion sellers, especially when you are forced to use paypal.

    I had some interesting foreign gold, bullion really that could have gone for a premium.

    However, after figuring fees, paypal, and dealing with possible scammers it was more profitable to sell to a local dealer for melt.image
  • Options
    19Lyds19Lyds Posts: 26,503 ✭✭✭✭
    With my Basic Store my listing fee's are .10 cents unless I use BIN then it jumps to .20 cents.

    I get a 20% Discount on my Final Value fee's and can list upto 12 pictures for free.

    I fully agree that their fee's are on the outreageous side especially when it's coupled with the PayPal 2.9%+.30 fee's and the fact that they will shortly be charging FVF Fee's against the seller's shipping charge.

    It'll take me a year or so but I'll eventually stop using them altogether as I suspect that lot's of other folks will.

    They seem to think they are NOT an Auction House when it comes to "legal" questions but fully believe they ARE an Auction House when it comes to fee's.

    Eventually, they'll fail just like everyother Smarty Pants Big Bucks Internet Outfit has in the past. (Think AOL.)
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • Options
    FrankcoinsFrankcoins Posts: 4,572 ✭✭✭
    I pay $15.95 a month for an eBay store, and pay the following fees:

    8.75% of the initial $50.00, plus 4.0% of the next $50.01 - $1,000.00, plus 2.0% of the remaining final sale price

    The 9% flat rate is a killer for regular sellers.
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • Options
    FrankcoinsFrankcoins Posts: 4,572 ✭✭✭


    << <i>I was rounding up and was sill close at around 4.70 based on a 50.00 item. Not to mention the insertion fee, shipping fee and another 4.70 for paypal. That comes very close to 10.00 off your 50.00 item. In other words if you were selling a ASE at 43.00 it would cost you around 8.00. Why would anyone want to take 34-35.00 for for an ASE. Even at todays spot prices your under spot no matter how look at it! >>



    Paypal even at the 2.9% rate is about $1.50, not $4.70
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • Options
    ambro51ambro51 Posts: 14,345 ✭✭✭✭✭
    I sell my product on ebay and I sell it off my website. When I use ebay, I raise the price 15% over the website.

    add in your fees..............
  • Options
    kiyotekiyote Posts: 5,614 ✭✭✭✭✭


    << <i>10 oz of silver for $50 - what am i missing here? >>



    The number "3".
    "I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
  • Options
    RussRuss Posts: 48,514 ✭✭✭
    So much BS in the OP, nice to see that some who actually have experience chimed in.

    Russ, NCNE
  • Options
    RedHerringRedHerring Posts: 2,077
    I've been buying on eBay for many years and just started selling this year. Most of what I sell is in the $50 to $500 range and I figure 12% for eBay/PayPal fees. I can also figure that everything will sell. It's been okay for me and I don't have any buyer nightmares to share (yet image).
  • Options
    I have completley stopped using Ebay. BST needs to grow and grow. I look at Ebay completed listings drop the price 10% and move on. Problem is you better not be in a hurry to move it sometimes image I've looked at teletrade but the fees are high for the buyer and seller. Plus you have to send it to them and wait. Ebay is still king for the drop it on, sell it and move on.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file