Feeds

eBay: 'We will lower listing fees'

'But we'll bilk you in other ways'

Internet Security Threat Report 2014

This morning, eBay's CEO-to-be told a roomful of obsessed internet auctioneers that he will soon charge them between 25 and 50 per cent less to list their items on the site's virtual marketplace.

But he's not willing to kiss all those dollars goodbye. While charging less for listings, eBay plans to charge more when items are actually sold. eBay says its sellers prefer this sort of setup because "it lowers their risk if an item doesn't sell."

Addressing more than 200 of its "top North American sellers," Meg Whitman's replacement John Donahoe also said that the world's most popular internet auction house will raise the minimum standards for sellers and offer them all sorts of goodies if they stay on their best behavior and sell lots of stuff.

"Consumers have more choices than ever, and they expect more when they shop online today," the eBay president and CEO-elect said during his keynote address at eBay's eCommerce Forum in Washington, D.C. "We're serious about making eBay easier and safer to shop."

eBay's new fee structure will arrive on February 20 in the U.S., and eventually, similar changes will be made "globally." In the States, listing or "insertion" fees will be significantly lower for items priced above $25.

The insertion fee for items priced between $25 and $49 will drop from $1.20 to $1, for instance, while the charge for items priced over $500 will drop from $4.80 to $4.

Meanwhile, charges for sold items - known as "final value fees" - will leap in the other direction. Today, when an item sells for between $25 and $1000, eBay charges $1.31 plus 3.25 per cent of the remaining sale price. On February 20, it will charge $2.19 plus 3.5 per cent of the remaining sale price.

In words, even when you sell an item for a mere $25, you're losing an extra 67 cents. Of course, you save 20 cents if the item doesn't sell. Plus, eBay is eliminating fees for its "Gallery" option, which means sellers will soon be able to post photos of their items for free.

You aren't pleased? You must not be an eBay seller. eBay says its sellers are pleased. ®

Intelligent flash storage arrays

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
You stupid BRICK! PCs running Avast AV can't handle Windows fixes
Fix issued, fingers pointed, forums in flames
Microsoft: Your Linux Docker containers are now OURS to command
New tool lets admins wrangle Linux apps from Windows
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
First in line to order a Nexus 6? AT&T has a BRICK for you
Black Screen of Death plagues early Google-mobe batch
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?