I recently decided to sell a drone on eBay and it sold for $950, now I have $106.73 in eBay fees and $25.78 in PayPal fees.
I am very tempted to cancel the order because that is genuinely outrageous. I use to sell frequently on eBay when I was younger but since when has the fees been closer to 13%!!?
How do they remain competitive with fees that ludicrous?
Isn’t it the reason why people turned to using fb marketplace and gumtree…
How do they remain competitive with fees that ludicrous?
Erm, when you use it…
No need to be invested in ebay, it’s capitalism afterall.
You can calculate how much the fees will be if you sold for X price, and adjust your listed price accordingly.
Been around 13% for a very long time.
eBay Fees Are a Joke
Yes they are, other than the recent 1% increase with the 'new' payment method, they have been this way for ages.
Think of it as a advertisement fee. As thats how I see :)
Next thing you know, buyer initiates a chargeback and you have paid $132.51 for someone to take your drone.
You can use gumtree to get two free ebay listings/month.
But isn't that only the listing fee free, not the final sales price fee?
eBay already gives you free listing fee. This one is for free final sale fee.
Thanks for the tip. Totally unaware.
@brad1-8tsi: just check later on if you get charged they almost never track and you always have to ask them to investigate
I listed a car on eBay for $1 no reserve, it sold for a few hundred dollarydoos and after ebay and PayPal took their fees out of it, I was left with $72 and some loose change.
Never again.
Wow someone paid that much for the Fiat?
Ah covid times
😂
I got $72! That’s twice the amount I paid for it… :D
the fees are ~13.4% now with eBay managed payments as they’ve included the payment processing fee (used to be the PayPal fee)
How do they remain competitive with fees that ludicrous?
You can get lower selling fees by subscribing to an ‘eBay store’. Starts from $24.95/month and you save a few percent less in fees depending on the category. There’s 3 tiers and the highest one with also costs the most, gives you the lowest fees.
Also note that many of the eBay promotions (i.e. 10% / 15% / 20% off) and eBay Plus mega deals (i.e. $99 airpods) are funded by your selling fees and eBay plus signups etc.
This has been the way for a long time. Ebay is catering towards the big sellers like shopping square and all the chinese. Like how sellers cant leave bad feedback for buyers.
It has been TERRIBLE way for mums and dads to sell goods they dont have a use for.
Try Gumtree or FB market place (eww).
If you sell normally items that are readily available should be at a buy it now price and allow for ebay fees. It means you may need to mark up your price. However the ability to do this is limited by what the market is prepared to pay. Historically speaking from experience it an item is easy to find and there are lots of it then your ability to price upwards is limited. Often auctions result in lower prices than buy it now because if they wanted to they would have just bought it already from the other seller. In this case gumtree is probably a better bet for you. Be aware however that gumtree limits views to people around your location as it is based on people being able to do local pickup and not postage unless the gumtree buyer is savvy enough to change the search location to australia wide.
Running a 7 day eBay auction often means I get the best price (I think because of the added sense of urgency and competitive drive to beat other bidders) without having to wait weeks or deal with tyre-kickers, for certain items this makes the fees worth while. Still I mostly wait for no final value fee promos before listing any high value items.
Also I think there is a best marketplace for different items.
Electronics = eBay
Furniture and large items = Marketplace
Clothing = Depop
ooh. I've not come across a problem like this with eBay
Haven't sold anything for a few years, but did expect the fees to be 10-12% all up.