eBay to simplify sales on the site
Anyone still using eBay to buy and sell products? I have to admit that I visit the site maybe once or twice per year now. That was different years ago when I used it very actively to buy and sell items. This probably has something to do with me trying to spend less money on items that I do not really need, and probably even more so with all the changes and fees that eBay introduced to the site over the years. The biggest reason for me was that eBay turned from a marketplace where regular people like you and I could sell their wares to a merchant dominated marketplace. Sure, you can still find bargains on eBay but to find those you will spend longer on the site.
Even my parents, who sold part of my father's vast book collection - think more than 10,000 books - on eBay stopped using the site for that.
Ebay announced yesterday that it will simplify sales on the site in the coming months. The changes, first only rolling out in the US, are designed to make the selling process less complicated for sellers. It is for instance quite difficult to understand the current pricing structure of the shopping site.
Sellers have to pay fees for listing items on the site. In addition to that, they also have to pay fees for successful transactions and extras that make the product stand out on the eBay website.
The new system will "virtually eliminate" all upfront costs for sellers. Fees will range from 4 percent to 10 percent depending on a number of factors including the type of product and the seller.
Amazon has seen an incredible growth of its Amazon marketplace in recent time, and it is likely that eBay's move aims to make its own marketplace more attractive to sellers who may prefer Amazon's simpler selling system.
Bloomberg has additional details on the changes. Ebay will introduce a system were eBay merchants pay a flat fee of 10 percent, capped at $250. Ebay Store prices for selling items will be between 4 percent and 9 percent depending on the product type. Stores pay a monthly fee and will get a number of free listings per month in return depending on the type of store. Top sellers get a 20 percent discount.
It remains to be seen if the new system is indeed beneficial to sellers. It seems that at least some will have to calculate with higher overall fees when the new system goes live.Advertisement