Poor eBay, just the $2 billion net profit (turnover $7.5 billion) for 9 months until September 2023.
eBay Inc. Reports Third Quarter 2023 Results
eBay Inc. Reports Third Quarter 2023 Results
Posted 6 days ago
eBay regulatory operating fee (another additional Fee for sellers)
To address the rising costs associated with the increasing number and complexity of regulations impacting eBay’s marketplace - including consumer and environmental protection, as well as new taxation and customs measures - we're introducing a new regulatory operating fee.
This fee is calculated as a fixed percentage rate (0.35%) of the total amount of the sale (which includes the item price, postage, taxes and any other applicable fees), and is subject to Value Added Tax (VAT), where applicable. This fee is in addition to any final value fees and selling-related fees you currently incur.
This fee is calculated as a fixed percentage rate (0.35%) of the total amount of the sale (which includes the item price, postage, taxes and any other applicable fees), and is subject to Value Added Tax (VAT), where applicable. This fee is in addition to any final value fees and selling-related fees you currently incur.
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More fees and no FVF offers. What a wonderful place to sell
Why don't they just keep all our money, and punch us in the face every time we make a sale, get it over with.
"Just sold my old jacket on ebay."
- "What did you get for it?"
"A bill for selling fees, and a black eye."
- "What do you think I could get for my old car?"
"A visit from the bailiffs and a few days in A&E"
All of that would still be cheaper than eBay.
It's a joke, another hidden fee sellers will forget about when calculating overall take home profit. They already charge a huge amount in fees and if they really wanted this should have been added as a fee increase.It costs a fortune to sell stuff, even just unwanted things from around my house, which means I have to bump up the price to recover costs.
I wonder if HMRC would see it like that or would they accuse me of trading.
The problem with places like Vinted is the potential reach.
There are millions of people on eBay. Can usually sell items for good prices fairly quickly.
Most private sellers get massive discounts on the fees every 2 weeks.
Would you be able to get a similar price for the same goods on Vinted?
Sell fairly quickly , takes ages for me to sell anything .But find Ebay
Easier (edited)
Greed, greed, and more greed.
Ah, that’s eBay for you.
This is why I use Vinted and haven't touched eBay in months.
I second that. Nonetheless I dread the moment Vinted will get very popular/gain lots of users and will start adding fees and stuff
Anyone have any suggestions on the next best place to sell? I currently sell on eBay as a small business, make a profit of around £7000/year but end up paying £2600 in fees!Vinted.
Moved to Vinted. Much better way of working. Just wish they allowed more types of items to be sold
This is pretty irritating, but are the alternatives much better?
Facebook marketplace is rammed full of time-wasters and scammers. For electronics, Cex is safe but the cash prices they give you are low. Similarly if it's watches you are wanting to sell, Chronohunter and Watchfinder will offer a fraction of what things are worth. Similar story with mobile phone reselling companies.
The answer is to not frequent this site, get tempted to buy things and therefore become tempted to sell things...I sell everything from toys, clothes, watches, telescopes and everything in-between on Vinted. Haven't used eBay in forever and absolutely love it.
HiAt eBay, we value you as a seller and want to inform you about a change to our fees.To address the rising costs associated with the increasing number and complexity of regulations impacting eBay’s marketplace - including consumer and environmental protection, as well as new taxation and customs measures - we're introducing a new regulatory operating fee.What’s changing?From 8 April 2024, this new regulatory operating fee will apply to all sales from listings on the following sites: UK, Austria, Belgium, France, Italy, Ireland, Netherlands, Poland, Spain, and Switzerland.How the regulatory operating fee is calculatedThis fee is calculated as a fixed percentage rate (0.35%) of the total amount of the sale (which includes the item price, postage, taxes and any other applicable fees), and is subject to Value Added Tax (VAT), where applicable. This fee is in addition to any final value fees and selling-related fees you currently incur.For more information on the regulatory operating fee and to see how the fee will be calculated, please visit our Seller Centre page.Thanks for being part of the eBay community.
Look's Extra 4p on every £10 (edited)
Someone heaven-sent, please make a new Excel spreadsheet showing selling fees with this new wotsit included 🙏 ...y'know who you are (not that I remember the username, d'oh!)
Does this mean for every £100, you pay 35p +FVF +30p insertion fee?
Ah, the days when you had the alternative of Yahoo Auctions with no fees (edited)Facebook Market place maybe
- Surely eBay should be paying their own taxes rather than asking sellers to stump up the money.
Likely this will then be passed down to the consumer (buyers), with prices of goods being increased, to cover said costs.
eBay will commence imposing a "regulatory operating fee" equivalent to 0.35% of the total sale value, encompassing postage fees, with no set limit on this charge.
This latest fee will elevate the cumulative fees for sellers to over 13% of their earnings, in addition to a fixed 30p levy. The rationale behind this fee, as outlined in an email to sellers obtained by The Sun, is to offset the escalating expenses tied to the burgeoning array and intricacy of regulations affecting eBay's marketplace.
These regulations encompass new mandates concerning consumer rights, environmental safeguards, and the implementation of heightened taxes and customs protocols.
Is this change limited to the UK? In short, no.
The introduction of this new fee will extend its impact to individuals listing items on eBay across various European countries, including Austria, Belgium, France, Italy, Ireland, the Netherlands, Poland, Spain, and Switzerland.
It is understood the fee will be levied on the total amount of the sale, which includes the item price, postage costs, as well as any taxes and additional fees, and it will be subject to VAT - making the final charge slightly higher.
So, according to an example given by eBay, if you sell an item for £15 plus £5 shipping, you'll be charged 0.35% on the whole £20, with 0.07% VAT added, taking the final charge to 0.42%.
This would mean a seller would now pay £2.65 in fees on a sale of £20 including postage, plus a 30p charge.
If the postage was £5, this means the seller would actually only earn £12.05 from a £20 sale.
A spokesperson for eBay said: "We are introducing a new regulatory operating fee to address the rising costs associated with the increasing number of national and regional regulations.
"These costs can range from fees in the case of environmental obligations in various jurisdictions, through to hiring teams of specialists with the right knowledge and skills to help our marketplace be compliant with the increased scope of regulations."
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