Online retailer eBay scraps fees for private sellers in UK (www.theguardian.com)

submitted 1 month ago by thehatfox@lemmy.world to c/unitedkingdom@feddit.uk

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[-] wiccan2@lemmy.world 4 points 1 month ago

Any info out there on how they actually plan on making money going forwards?

The article talks about other platforms charging a fee to buyers instead but mentions nothing about eBay introducing this.

Are they really making enough from ads on the site and vehicles to replace the lost revenue?

[-] swampdownloader@lemmy.dbzer0.com 10 points 1 month ago

Not certain but I believe listings are now free to post but when you sell something they charge a commission. It has been this way in the USA for a while, if you’re a small vendor you can list a couple hundred/thousand items for free and they charge fees when sold.

[-] MurrayL@lemmy.world 7 points 1 month ago

Those are exactly the fees they’re removing in the uk:

On Tuesday, eBay said its move, which has taken effect immediately, meant private sellers would no longer pay so-called final value fees or regulatory operating fees when they sold on the site.

[-] GreatAlbatross@feddit.uk 6 points 1 month ago

They're also changing the way you get money after someone buys something.

eBay balance, apparently. So by default, when a transaction happens, the money stays in eBay, and you have to manually transfer it out, instead of scheduled timed payouts.

[-] thehatfox@lemmy.world 2 points 1 month ago

So I’ve heard they have already switched eBay in Germany to this no-fee system. It proved more profitable for eBay because private sellers who accrue an eBay balance from sales were in turn more likely to spend it on eBay.

[-] Elleo@slrpnk.net 6 points 1 month ago

Previously you got 10,000 free listings a month on private seller accounts, now it's 300. Which is plenty for actual private sellers, but businesses operating as private sellers will have to start paying for their listings

[-] wiccan2@lemmy.world 4 points 1 month ago

That makes a lot of sense, I hadn't considered that business sellers would still be charged.

[-] Naich@lemmings.world 4 points 1 month ago

Yay.

this post was submitted on 01 Oct 2024

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