Son of a gun-ner wrote:I noticed this "headline" yesterday when I opened Google.
I didn't bother to read the article as there's too much misinformation out there on this subject, and it's making it even more confusing as to what is going on.
I've read that PayPal can still be used up till 2023 or was it 2024, and I've also read we won't be able to use PayPal after this month.
I know this was in the pipeline for a few years, but some news outlets are acting like this is a sudden surprise.
Anyway, here's the screen shot. I doubt their actions will make any difference.
I can see that the thread is still developing, although it would seem that everything has been said about it.
I wrote what you are talking about on the first page of this thread. I see you must have overlooked this Sir, so I will re-paste the link directly to the eBay site. I hope then everything will become clear. At the bottom of the eBay page is a FAQ with a lot of interesting information - directly from the source, not from journalistic sensational news ...
https://pages.ebay.com/seller-center/se ... -ebay.html
I also need to correct your information, Sir. Because you haven't written about some important fees for sellers but also for buyers.
First. eBbay sent me a new price list in which it charges not 10% but 11% commission in most auctions - only that it is a net amount and it is averaged. There are categories with Final value fees below 10% but much more has a sales commission of 11 - 15% + $ 0.30 per order. If you are a small company ( I do not know how about private sellers ) - you have to pay eBay fees including VAT ( in Poland 23%, in the UK 20% ) = in total this gives a sales fee (let's assume 10% + VAT):
12% in UK and 12.3% in PL ...
Secondly. PayPal fees have never been below 5% (and I've been selling as a business for several years). Usually it is 5.4-6% (I never know how much exactly because it depends on the number and amount of transfers to my PayPal account and good mood at PayPal ...
Thirdly. Additional fee for currency conversion in PayPal. It is at a very unfavorable rate + additional currency conversion fee.
Fourthly. It is not true that the total selling costs will be only 12.8% ... eBay introduces a new price list:
https://www.ebay.pl/pages/help/sell/bus ... 646264#fvf
( sorry - i can't find English version - google translate should help )
- sales commission - minimum 11% ( 6.5% only in several selected categories )
- Listing fees $ 0.41- $ 0.61
- Foreign transaction fee
It's a New fee -
- eBay FEES.png (45.17 KiB) Viewed 644 times
3% currency conversion fee ( another New eBay fee ) - so far I have been receiving the PayPal payment in currency and I decided whether and when to convert it ... Now they will do it for me and take 3%
They also scare me that: We may charge you if you end the auction early. So if I make a mistake and I have to cancel the auction - I have to pay
To make it more fun: All fees listed on this page do not include VAT - so I have to add 23% to that
All together this gives:
11% - Sale + Listing Fee ($ 0.41- $ 0.61) + foreign sale fee (1.6 - 3.3%) + currency conversion fee 3% + transfer fee 2.8%
= in total it gives 18.4% + 0.41 USD up to 20.1% + 0.61USD - NET (VAT depends on the seller's country, e.g. 20% UK - 23% PL)
So my dear friends. Small sellers will be leaving eBay or you'll soon feel the new eBay rules on your own wallets... It will never be cheap again...
So.. Have a nice weekend guys