Today eBay have served up a surprise for shop sellers, disguised as an exciting announcement it’s actually a slap in the face that will affect sellers by hitting their bottom lines. If you have a shop like I do and are still a private seller then you need to read on.
On the back of the announcement that regular private sellers are to receive 20 free listings per month, shop owners are to get 100 free listings at either fixed price or auction format. And to go along with those you also get to schedule 100 listings for free too so you can ensure that your listings end at the right time! But with this seemingly good news, there is also bad news, which hasn’t been as widely publicised!
On the announcement page eBay have stated that from 13th May you will enjoy:
Every month you’ll get to list up to 100 items in any category (excluding Motors) for free – these free listings can be in auction or fixed price format and can have any start price
This means that no matter if you are selling a £5 iPhone case or a £500,000 piece of art your insertion fees are zero! But if you were a basic shop seller and were used to 200 free listings anyway these are disappearing! Gone.
Every month you’ll get to schedule up to 100 of your listings for free – this means you choose when they go live
And by extension you choose when they end, so if you want to ensure your items end during the adverts of Emmerdale on a Wednesday night, or straight after the final scores of the Premiership games on a Saturday you can do this. I suppose this is a good thing and will save you £6 a month if you use them all.
Final value fees are reduced from 10% to 8%
Wohoo. This is quite a big deal as for every £1,000 worth of items you sell you would usually have to pay £100, with this change that fee will be only £80, which is £20 extra in your back pocket! This should hopefully save me a few hundred pounds a year.
Insertion fees after your first free 100 listings will be £0.35 per listing
This is in my opinion one of the bad points of this announcement. I have been paying £0.20 per listing as part of my shop subscription and I think 10p for media items, of which I sell a few. So this is going to increase my fees by quite a substantial amount.
eBay have simplified the fee structure so that it is simpler and claim that it will actually save most sellers money in the long run. I don’t really see how this can be true, especially for sellers like me with a basic shop. I think eBay have served us up the classic $h!t sandwich today, a heap of steaming “you’re going to be paying more” squeezed between two slices of “look how generous we are”.
Have you got a shop? How will this affect you? And if you haven’t and were considering it, does this make you more or less likely to get one? Have questions? We all do, but there is an FAQ you can look at here.