Ebay shelves ALL selling fees from Today 1 Oct 2024

[TuRo]

Interesting development indeed !

Apart from occasional % off selling fees promotions, private vintage watch sellers have paid north of 10% eBay fees for watch sales.

They went free on clothing etc (to obliterate competition) a few months back.... but now it is everything, except Motors.

It's max 300 items per month and only private sellers. They had a big push to drive high volume/high value private sellers to Business Accounts last 2 months - we know why now!

God only knows how the hefty authentication admin costs of watches over £1500 will be covered if eBay not earning commission (maybe that will be a new charge in future!?) but it's a result for sellers me thinks ;-)

Ps their fast daily payout schedules also scrapped, to like it was in past where you had to request payment to bank account and c 5 days timescale now back.

PPS this is domestic sales - a (lowish) 3% fee is applied if sold abroad.

[Goose 104]

Wow, this is big news if it applies to watches. I had no idea. It seems they might introduce fees for the buyer?

[offrdmania]

Thats selling fees, but im sure they havent gotten rid of final value fees which is around 14%

[TuRo]

Originally Posted by offrdmania

Thats selling fees, but im sure they havent gotten rid of final value fees which is around 14%

No it's everything incl final valuation fees now !

[offrdmania]

Very interesting indeed

[Kingface66]

This is just in the UK

[TuRo]

Originally Posted by Kingface66

This is just in the UK

Ah yes, indeed it is... hopefully initiative will swing over to US very shortly, if on-line-auction disrupters - the likes of Depop and Vinted - are taking eBay US mkt share.

[1William]

Interesting. Thank you.

[mobster600]

What they dont realize is volume will increase if they lower fees. They'd probably make more money by average volume increasing. Same issue happening with dealers right now. They want $2k to flip a watch, its just hurting their volume.

[Dan S]

Originally Posted by mobster600

What they dont realize is volume will increase if they lower fees. They'd probably make more money by average volume increasing. Same issue happening with dealers right now. They want $2k to flip a watch, its just hurting their volume.

A big number times zero is still zero. The insertion fees are insignificant. Apparently, they are using private seller sales as a loss leader to get more people using eBay, in the hope that they will buy from eBay stores, which still have seller (final value) fees.

[996marty]

I’ve just had the email outlining the changes in fees

[TuRo]

Just as a follow up. Chrono24 have introduced a £249 'certified service' on watches you buy through them, which I guess is good for freshers/newbies.
What I don't like though, is that it's not available though on ALL their watches, as it is on eBay (on ALL items over £1500).
Surely nefarious sellers will just opt out of using service on their item!

[studioal]

Cool, now ebay sellers can knock off the price premium to offset fees and sell watches at market value.

[MRBolton]

In the USA, I've been selling some other stuff on eBay (clothing, fragrances, music gear) and have paid through the nose on fees, including a couple items since October 1st. What is insane to me is that they also charge their fees based on the total selling price, including sales tax. I'm not seeing a dime of the sales tax, so that is just dirty in my opinion.
Sure, collect a little for your hassle of remitting that to whatever state, but that is robbery on high value items.

[studioal]

^ this. I honestly don't know how any of these watch dealers are making any meaningful margin on watch sales. Unless I'm just a sucker who can't find the unsuspecting seller who will sell me their father's 5513 for pennies on the dollar which I can quickly flip on eBay for a nice profit

[Modiferous]

Originally Posted by TuRo

Ah yes, indeed it is... hopefully initiative will swing over to US very shortly, if on-line-auction disrupters - the likes of Depop and Vinted - are taking eBay US mkt share.

Nothing has changed in the U.S. yet.