Seller Points to Added Cost of Doing Business on eBay

by: COVID-19

More and more, I really want to dump eBay.  

by: The End

Just watched the video.
ARE THEY HIGH ? ! ?
Nobody in their right mind allows this garbage into their business.
Stay the Hell AWAY from Ebay.

by: Lightning

The fees are so close to exactly the same as before, you may as well say they ARE exactly the same.

Didn't like paying them then, don't like it now.  So that's another thing that didn't change.

by: COVID-19

eBay doesn't allow comments on their YouSuck videos, because you know, in case you criticize and hurt their precious feelings.

by: Vigilant Eye On eBay

On explaining eBay's managed payments initiative...

More red herrings and blather from the San Jose cutthroats.

by: Rexford

For 20 years I have watched sellers lose control of their eBay bisinesses and now they have lost control of how they pay their store fees.

eBay loves dipping their claws into sellers' bank accounts.  

by: Rexford

And to amswer ypur question Ina, the only one seeing savings is eBay.

by: notfunanymore

There are so many more ways to make money than the constant barrage of "creative" ways they chip away at you and steal more of your money EVERY YEAR. Come on people, you can figure it out. The amount of work involved figuring out sales tax, fees, returns, non payouts, and the list goes on.... its really not worth your time. They have you in a vortex. Its sad to see

by: lessthanthreerecords

My overall fees have gone up with MP.  However, prior to being forced into the program, I raised all prices by 6.795% which I calculated would cover transactions with the highest possible increase.  So, when you figure that increase in, I'm actually making more on the vast majority of sales, but I'm sure the higher price does chase a few buyers away.  The costs involved in calculating that increase include fees on a 13.5% sales tax rate, eBay's higher fee for international transactions, eBay's currency conversion fee (which, so far, I have not had to pay, but I cannot get a straight answer from eBay as to whether I ever will), loss of cash back on my credit card, and of course, all of those fees compounded on the amount of my price increase.  I figured out that 6.795% on top of previous prices covers it.

by: Lightning

Raising my prices 0% covers me.  The only loss is the credit card bonus, not a big deal, otherwise no change.  The other factors are all 100% irrelevant.

by: Ina

1/23/2021: Received an update from the seller today. She was able to switch to PayPal for paying Store fees, but it still wouldn't accept a credit card.

by: Silver Ice King

Overall everybody loses when changed over to Mangled Payments as Ebay takes the full 12.3% on the Sales Tax also to make the calculations easier for ALL Sellers.  Nice easy way to once again line their pockets while continuing to dig deeper and deeper into Sellers pockets.  Sure am glad i stopped selling on Greedbay.

by: Lightning

@Ina
She could just pay with Paypal, using the same credit card that had the bonus attached.  Problem solved.

by: Lightning

With Simplified Fees, the % on the sales tax is a wash.  EBay lowered the total FVF % to compensate.  

People keep thinking they are getting ripped off somehow, not math oriented, I guess.  People are wrong.  It's a NON-FACTOR.  EBay does a TON of stupid things, crooked things, crazy things.  This just happens to NOT be one of them.

Please put some effort into researching it, and you will find that it has a ZERO effect.

by: pace306

... its about CONTROL, not dollar amount saved.

NOBODY (except the few eBay cheerleaders left) asked eBay to do ANYTHING.

NOTHING eBay does is altruistic, nothing they do is because they want to help YOUR business grow. Sure you can believe the lies - but its (still) a free America - Biden has only been in power less then a week. LOL

Its the same issue as forcing sellers into MP to begin with - NO ONE asked eBay for it - theres no point - it doesnt do anything for you. Theres no massive savings - what ever savings do exist - are lie Bigfoot or the Loch Ness Monster - people claim they've seen it - but when push comes to shove - it cant really be proven.

ALL of eBay is a scam of some sort - MP is just the largest (followed by "seller protection".)

Doing business on eBay is like doing business with the MOB. When it works - it works well - they send business your way, patronize your company - but when they want something (ask Arnie Buco) they lean on you heavy - and theres nothing you can do about it.

They are right .... "its the cost of doing business" ...with THEM - the most corrupt company in the industry.

by: ebayout

You can set up a credit card as your primary source of funds in Paypal.
So, if you keep a zero balance in your Paypal account, all expenses go through Paypal and directly to your CC...especially the one with points.

by: lessthanthreerecords

Lightning:
Not math oriented?  I did the math (spent many hours calculating the differences in numerous different scenarios: no sales tax, low sales tax, high sales tax, international buyer with U.S. address, etc.).  Here's just one example of what I would have paid before MP and now with MP:

$100 sale with free shipping and a 13.5% sales tax to an international buyer with a U.S. address before MP:
eBay fees (9.15% with my store only calculated on the $100 item price) - $9.15
PayPal fees (4.4% including international surcharge on full $113.50 plus flat fee of $0.30) - $5.29
TOTAL FEES BEFORE MP - $14.44

Now, let's take that same sale under MP:
eBay fees (11.5% with my store calculated on the full $113.50 plus flat fee of $0.30 plus 1.65% international fee on the full $113.50 plus 3% currency conversion fee on the full $113.50) - $18.63

FEE DIFFERENCE - $4.19 or an extra 29%

Yes, that's an example with a greater difference than the average transaction, but it is an incredibly significant difference, particularly when your profit margins are slim.  When there is a savings (which I will be the first to admit, there can be on occasion), it is never more than 4.5%.

Now, explain to me how any of that is not "math oriented."

by: lessthanthreerecords

Oh, and I forgot to mention that those differences do not even account for credit card cash back which is now eliminated under MP.

by: ebayout

Everybody takes it in the shorts with MP on international.
BEFORE: Using Priority Mail as an example, they took 10% of what would have been the highest Zone 8 rate. E.G., 2 lbs was about $14...so, they got $1.40.
NOW: They get 12.35% of the whole enchillada. 2 lbs to Europe costs about $45 via Priority. $45 X 12.35%=$5.56
$1.40 vs. $5.56....anybody need glasses?

by: Lightning

@lessthanthreerecords
You are using the most ridiculous Sales Tax rate you could find, one that is NEVER encountered.  The average rate is 6-8%, sometimes more, sometimes ZERO.  The only way the sales tax ISN'T a wash is if you had sales in only the highest sales tax states, and that's not going to happen.  It's a mix.

Besides that overstated tax %, the biggest thing accounting for the difference is the 3% currency conversion fee that you yourself admitted that you didn't have to pay.  Your own numbers out you as an alarmist.  It's all doom and gloom because you look at only worst case scenarios, not the norm.