EBay Inc. said Tuesday it will cut by up to 50 percent the fees it charges sellers to list their goods online, in an effort to boost listings and keep pace with other burgeoning e-commerce sites. Read on to see how you could be affected if you post your goods there.
Ever since eBay announced changes to its feedback rules and fee structure last week, sellers have been irate, exploding onto message boards and blogs with discussions about how the new policies will affect their businesses. But when the idea of a strike was floated, some sellers and buyers decided to get more organized about expressing their displeasure.
Apparently, a discussion thread on eBay's own forums to sign the pledge no sales Feb 18-25. The strike is scheduled to overlap eBay's planned Feb. 20 launch date for its new policies, which include fee hikes, a 21-day hold on some funds sent through its PayPal payment service, and disallowing sellers from leaving negative feedback for their buyers.
To balance the fee cut, the company plans to increase its commission on items that do sell, a method the company says sellers prefer because it lowers their risk if items do not sell.
The greatest fee increase will come for goods selling for less than $25. EBay's fee for those transactions will rise 67 percent, to 8.75 percent of the final sale price.
The online auctioneer has faced increasing competition from other e-commerce sites such as Amazon.com, which does not charge a listing fee.
EBay's various fees have long been a point of contention for its sellers, which range from mom-and-pop vendors to online stores with large inventories.
Labels: Ebay, money saving tip
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