|Tue Aug 30 2016 09:55:06|
How Will New eBay Fees Impact Auctions?
By: Ina Steiner
eBay is making a change to the optional Reserve Price fee for auction-format listings.
eBay announced today in conjunction with its Fall Seller Update that on October 1, the optional Reserve Price fee for auction format listings will increase to the greater of $3 or 4% of the reserve price (minimum price that must be met for your item to sell), with a cap of $100.
eBay said, "Since a reserve price can discourage bidding, enter the lowest amount you’ll accept, and only use this optional feature when absolutely necessary."
And, it advised, "Instead of using the reserve price option, consider using fixed price with a Best Offer option. This is beneficial if you know the market value of your item, but may be willing to accept a lower price."
It also recommended that "Rather than using the reserve price option, consider increasing your starting price."