In the past when you have cause to end an eBay auction early whether it had bids on or not that was fine. You weren’t charged anything other than losing the listing fee and you didn’t get penalised.
Of course buyers who had placed bids may have been a little disappointed but it wasn’t a massive deal.
eBay have just announced that this is about to change. The reasons given being that:
“When shopping on eBay, buyers expect items to be available to purchase. If they bid on an item and the seller ends the auction early, it can be disappointing.
We want to help reduce the number of times where sellers end auctions early. From 15 April, if you end an auction early which has already received bids, a fee equivalent to a final value fee may apply, as detailed in the box below.”
So in summary if your items have bids on and you need to end an auction for any reason, like if you drop the item and break it or sell it elsewhere you will have to pay a final value fee based on the price when you end it, even if you don’t end up actually selling the item!
You’ll not have to pay a fee if there are no bids on the item and you will get one free cancellation a year because everyone makes mistakes sometimes!
You can find the official announcement from eBay here.
Will this affect you? Have you ended auctions early in the past? I have, I once listed a table which didn’t sell, I then sold the table on Gumtree and forgot about it. Unbeknownst to me when bulk relisting my unsold items I had listed the table again and it got bids on! I had to message the winning bidder and tell them I was ending the item early due to selling it elsewhere. Oops.
I can see why eBay are doing this but I can’t see it making a massive difference. When people have to end auctions early it’s usually for a good reason like the item is no longer available, in which case there will be no way around having to end the auction anyway!
What do you think?