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How to reduce ebay selling fees

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Hi, can someone please guide me on how to reduce ebay and paypal fees. I recently sold some items. I was thrilled that I made some profit but then realised that ebay charges 10% seller fees and pay… Read More
sameerpawar Avatar
3m, 3w agoPosted 3 months, 3 weeks ago
Hi,

can someone please guide me on how to reduce ebay and paypal fees. I recently sold some items. I was thrilled that I made some profit but then realised that ebay charges 10% seller fees and paypal charges 3.4% + 20p fees even though both are owned by same company. Surprisingly ebay also takes 10% of postage cost and paypal likewise.

Is it worth to setup seller account. I don't want all the pain around VAT number and govt paperwork etc. Please help.
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sameerpawar Avatar
3m, 3w agoPosted 3 months, 3 weeks ago
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Responses/page:
#1
yes, sell on Shpock or Gumtree.
#2
Just wait until they send promotional offers like 25%/50%/75% off FVF or best yet, £1 FVF (only best if selling a high valued item or something probably way over £10
#3
Depends on how much you want to sell. If it's only a few items, wait for the email offers that offer 25% or 50% off final listing fees.
#4
I have no idea about how to decrease it through Ebay but I sometimes will message the person buying that I can do whatever I'm selling for cheaper doing it directly through Paypal (through goods and services) so you only end up paying for Paypal commission. I mainly do this for high price items as the commission that paypal and ebay take are insane!
#5
If you are selling items sub £8 or thereabouts, then open a Paypal micro account, the fees are less overall. You can have two Paypal accounts in total. Micro is generally 5% plus 5p.

Micropayments Discounts.If your transactions typically average less than £5, you could save money with our 5% + 5p rate.


https://www.paypal.com/uk/webapps/mpp/micropayments

There is a table on this page http://andrewminalto.com/paypal-micropayments/ which shows the fee versus the micro fee.


Edited By: windym on Dec 30, 2016 20:22
#6
Try Gumtree first
#7
Thanks. I bought some 18 electronic items for £100 each in boxing day sale and sold for £135. Plus charged customers £8 for special delivery. After deducting ebay, paypal , small loss of 50p on postage, I think I made £270 profit. £15 per item. And ebay/paypal made profit of £18-19 per item. Not fair! Not sure whether it is medium or small trade? I also had an ad on gumtree but not a good response. Only two people contacted and asked the item for £110. But on ebay 'buy now' deal all 18 were sold in 3 days. Gumtree only works for local people but most of my buyers on ebay were outside London. Ebay promotions of 50% off are mostly on auction but I found 'buy now' convenient as I can force immediate payment and I don't have to go after buyer to pay like in auction.
I am unlikely to get such boxing day deals again but I will try some other deals like buy some console games for £10 in large quantity in sale and sell for £15.

Some really odd question. Not that I am planning to do that and I don't want to divert thread away from my above main concerns. What can ebay do if I don't pay their selling fees. I can remove automatic payment from paypal.



Edited By: sameerpawar on Dec 30, 2016 20:38
#8
what can ebay do? - send in a debt collection agency. they did that to me when my credit card expired. they probably sent a reminder email but when you get those you assume they are fake. it wasn't - still seemed crazy to do that over £10 though.
#9
sameerpawar
Thanks. I bought some 18 electronic items for £100 each in boxing day sale and sold for £135. Plus charged customers £8 for special delivery. After deducting ebay, paypal , small loss of 50p on postage, I think I made £270 profit. £15 per item. And ebay/paypal made profit of £18-19 per item. Not fair! Not sure whether it is medium or small trade? I also had an ad on gumtree but not a good response. Only two people contacted and asked the item for £110. But on ebay 'buy now' deal all 18 were sold in 3 days. Gumtree only works for local people but most of my buyers on ebay were outside London. Ebay promotions of 50% off are mostly on auction but I found 'buy now' convenient as I can force immediate payment and I don't have to go after buyer to pay like in auction.
I am unlikely to get such boxing day deals again but I will try some other deals like buy some console games for £10 in large quantity in sale and sell for £15.

Some really odd question. Not that I am planning to do that and I don't want to divert thread away from my above main concerns. What can ebay do if I don't pay their selling fees. I can remove automatic payment from paypal.




Try it. I'll keep a look out for you on can't pay well take it away! :D
#10
allanleeedog
what can ebay do? - send in a debt collection agency. they did that to me when my credit card expired. they probably sent a reminder email but when you get those you assume they are fake. it wasn't - still seemed crazy to do that over £10 though.


Did you pay..
#11
Thanks. I will pay them. So lets not talk about that.
Has someone setup business account without VAT account. Registration as business was giving option of 'no vat'. I didn't complete registration as selling private seller seemed hassle free. Has someone saved money by setting up business account?
#12
allanleeedog
what can ebay do? - send in a debt collection agency. they did that to me when my credit card expired. they probably sent a reminder email but when you get those you assume they are fake. it wasn't - still seemed crazy to do that over £10 though.

I used to do recovery work, I would get debts of £1 nearly every other week.

The companies that do this insist on VOLUME, so if there arent enough "proper" debts to send to the company, they bulk up with all the piffling little amounts that actually COST them money to send out.

£1 debt, I got (this was years ago), £1.20 for knocking on the door +20% of whatever I collected; adding the fact the agency I worked on paid about 10% of the debt value minus fees, the debt owner was well out of pocket.

I never even bothered most of the time, just put the £1 in and took out my £1.40.
#13
allanleeedog
what can ebay do? - send in a debt collection agency. they did that to me when my credit card expired. they probably sent a reminder email but when you get those you assume they are fake. it wasn't - still seemed crazy to do that over £10 though.


hi mate...eBay cannot do nothing. You sell the lot and cancel the automatic payment and just don't use that account. Make a new account every time you want to sell a lot like that and you will be OK. But it puts off customers when they don't see a lot of feedback points next to sellers name.
#14
it's theft what can anyone do if u commit theft and then don't get caught nothing if u do u pay over the odds well u are supposed to. personally I think it's a but of scum bag if someone gets something done for him and doesn't pay for it. if someone doesn't agree with there fees maybe the majority of sellers should get together and do something about it campaign for the reductions or open a better site themselves.
#15
sameerpawar
Not fair!

Exactly why is it not fair? Ebay gave you the technology platform on which to promote your items and exposed them to a pool of 16 million potential customers in the UK. You sold them all within 3 days and got immediate payment. Do you think that eBay and Paypal should be gifting their services to you?

I sell regularly on eBay and haven't paid listing fees for years. Nor have I paid a full final value fee for the best part of two years. These are usually discounted to 50% or 75% off the fees. If you've paid listing fees and full final value fees, more fool you.
#16
Dawsy
allanleeedog
what can ebay do? - send in a debt collection agency. they did that to me when my credit card expired. they probably sent a reminder email but when you get those you assume they are fake. it wasn't - still seemed crazy to do that over £10 though.
Did you pay..


this was a few years back. i knew someone who actually had a real phone number for ebay that was answered by a real person. explained the situation to them, gave them my up to date card info and all was well with the world. bottom line is you choose whether you want to use ebay or not and if you don't like the fees don't use them or wait for special offers.
#20
ceres

I sell regularly on eBay and haven't paid listing fees for years. Nor have I paid a full final value fee for the best part of two years. These are usually discounted to 50% or 75% off the fees. If you've paid listing fees and full final value fees, more fool you.

See OP there are ways you can reduce the amount of fees to handover to eBay, you just need some kind souls to take you through it

Edited By: androidavis on Dec 31, 2016 10:54

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