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Ina Steiner on EmailIna Steiner on LinkedinIna Steiner on Twitter
Ina Steiner
Ina Steiner
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

7 thoughts on “eBay Rolls Out ‘Luxe Tax’ and Escrow Requirement for Watches”

  1. Ebay is doing absolutely nothing at all for trading cards other than creating a glitchy PWE tracking system that really does nothing more than give Ebay an excuse for charging the Seller the 5% FVF for having to many late shipments. Since the first scan, if you get one at all, is at the sorting station, if you have next day shipping scheduled on your Ebay account, the odds are good that your first scan is going to be outside of your stated timeframe so Ebay gets another defect on you and before you know what hit you are being charged the 5% FVF fee penalty on all of your items, including the high end stuff unless you have those under a different account. I am in a number of FB card groups and none of those that have used it have anything positive to say about it. Those that got a sudden surprise and hit with the 5% penalty are absolutely livid and as most others in the card industry are now looking for other sites to sell on. I have found a new one and am hoping that with me driving business there that it will slowly but surely become a new landing point for card collectors like Ebay used to be.

    Good luck Ebay as once again you have done nothing but shoot your company in the foot and driven off that much more business, especially in the high end cards as Sellers continue to look for new ways to sell their items. They don’t love paying the original 12.3% but can live with it. Unfortunately between Mangled Payments and the problems getting their money, especially on the higher end items, and then finding out Ebay has baited them into falling into below standard on their accounts so they can collect that additional 5% penalty, they are now livid with a site that many of them, myself included, help build when it first was established. Then to top it all off, that 5% is not refunded if the person returns the cards, which is happening more and more if the item does not grade a perfect 10, even though the Seller showed a picture of the actual card as well as stating it was on NrMt/Mt and of course Ebay backs them up completely and once again the Sellers take the hit. Why should Ebay care, they at least made 5% on the item as well as all the investment income on the funds they hold forever and a day.

  2. This is the Perfect scenario for Google to have a “Time Pieces” tab in its Shopping area.
    The vendors sign up for Stripe Payments and VOILA ! No more pesky Ebay problem.
    Yes, “Ebay” has been synonymous with “Big Problem” for about 10 years.
    Same with the “Etsy” problem.
    Google is about to FLOOR these venues and bring Profits back to micro businesses.
    There will be, potentially, hundreds of American Vendors ready to serve You.
    Slowly, a vetted List of stores will emerge.
    Eventually, Google will be the Shelter from the Storm for All American Vendors.
    Goodbye, So Long – Etsy, Ebay, and other entities seeking to destroy the Little Guy.
    That makes Google “The Little Guys Revenge”.
    :o)

  3. Another lie/con from the masters of bait and switch.

    They DEMAND more of your money and there’s no way to prove anything

  4. @The End , are you serious? Google?

    What, your not happy with them just spying on your browsing history, email, and if you have an android phone, where you physically go. You need to have them know what your selling and how much money you make from it?

    about a year and a half ago some law was passed (not sure what it was). But I got an email from google showing “my timeline”. It showed everywhere I went in the past 3-4 years by tracking my phone. It showed a map and showed where I was on every singe date down to the minute. Are you serious?? Google?

  5. @Covid-19: To me, a “luxury watch” is a Rolex, or the $1M Richard Mille watch that Rafa Nadal wears. If it’s a “luxe tax,” why don’t the higher fees start on watches $1K and above? If I was selling $10 kids’ watches, I wouldn’t be too happy about paying a higher fee just because I was selling something labeled a watch.

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