Tuesday, January 29, 2008

eBay's Greed is Boundless

Just received eBay’s new fee structure, designed to “reduce your upfront costs.”  Listing fees reduced .05 – that’s 5 cents.  Final value fees – eBay’s cut when the auction ends, increased “slightly.” How about over 50%!!!  For the first $25.00 It was 5.25% - now it’s 8.75%!!!!  Store items went from 10% to 12%!  Why the first $25.00? That’s the average sale price on eBay.  Remember, PayPal grabs another 3.5%.  Since my average sale is $18.00, this “cost reductions” will increase my costs on eBay by an average of 40%.

Wow! Thanks for the savings!

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