Can you still make money on eBay?
July 1, 2011 by Charlie Stedman · Leave a Comment
eBay fees are being revamped, but how will it affect you?
Over the years there has been a stealthy increase in fees and decrease in advantages for the average eBay seller. With the recent announcement that eBay is introducing a new ‘change’ in fees, what will this mean for those trying to make a bit of extra money?
‘Change’ is reputed to be a good thing in some circles, however ‘change’ in the world of eBay actually just means ‘increase’. The change applies to the private sellers and means that they will be paying more in Final Value Fees when they sell an item in a fixed price listing.
If you are new to eBay, the billing system works like this. You list an item for sale, either in an auction format or with a fixed price, called a Buy It Now (BIN) price.
You will usually pay eBay a listing fee (although there are plenty of free listing day promotions to take advantage of). Then, if the item sells, you will pay a Final Value Fee. This used to be worked out on a tiered structure, depending on how much the item had sold for, but will now be a flat fee of 10% of the final price. If you accept payment via Paypal you will also pay a fee to them.
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