eBay introduce another major fee increase
It looks like eBay have stuck the knife into their users yet again with another major fee hike. If you sell ‘buy it now’ items, you’ll shortly be forking out a lot more in final value fees, which means that more of your slice will be going to eBay and probably Paypal whenever you sell something of value.
In an email to users, eBay say...
On 21 July 2011, the final value fee for fixed price listings (Buy It Now) will be changed to a flat rate of 10%, up to a maximum £40. This new flat fee replaces the current tiered structure, making it simpler and easier for you to calculate up-front the fees you'll pay. As before, you won't pay any final value fee if your items don't sell. The new calculations only apply to items listed or scheduled to start on or after the 21 July 2011.
So, as HotUKDeals user mumbojumbo says, “At the moment, a £300 technology item attracts a final value fee of £8.17. From 21st July it will be £30!!!!!” But mumbojumbo, you don’t understand – as eBay have said, the new flat fee makes it “simpler and easier for you to calculate up-front the fees you'll pay”. See? It’s easier! Even though it’s costing you over £20 more than it used to, it’s EASIER.
Without wishing to seem crass, it seems like a good time for us to recommend that you abandon eBay and use the HotUKDeals spin-off trading site FOLK instead. Other trading/auction sites are available...