eBay is lowering fees, but only in certain subcategories in the Business and Industrial Goods category. It’s unclear exactly what prompted the fee adjustment, but competitive factors likely played a role. eBay stated in its announcement that it was “serious” about being the best place to buy industrial equipment.
If you are a seller in these categories, be aware that your current listings will incur the higher fees even after July 1st – the new fees apply only to listings created after that date.
Announcement follows:
We’re serious about being the best place to buy industrial equipment. And that’s good news for Business & Industrial (B&I) sellers: we’ve reduced final value fees and capping the maximum fee for the some within B&I.
- Heavy Equipment
- Imaging & Aesthetics Equipment
- Commercial Printing Presses
– For Store subscribers, the final value fee has been reduced from 4% to 1.5%. Cap will remain at $250.
– For non-Store users, FVF has been reduced from 4% to 2%, with a new cap of $300.
– Insertion fee will remain $20 for both Store and non-Store users.
Please note that these new fees are valid only for listings posted on or after July 1, 2018. Listings that were created before July 1 are not eligible, even if they sold after July 1. This is not a promotional offer; this is a category pricing change designed to help you compete within B&I.
If you have unlisted inventory in B&I, we encourage you to list now and take advantage of these lowered fees.
Thank you for selling on eBay.
SOURCE: eBay Announcement
They already announced a month long 5% Ebay bucks sale for B & I so they must really be getting destroyed in that category. Either sellers are pulling their listings or buyers are fed up with not finding what they want when they try to search with Ebays broken search program.
I would think this will affect the diamonds more than anyone else. They rest of us will be paying for the lose
Ebay will occur patting the diamonds on the back.
I for one look for a fee increase with the fall updates. Nothing specific just a feeling. Its time for them to raise the fees.
Excuse will be INFLATION.