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Ebay cutting fees to be more competitive with Amazon

Ebay changing fee scheme to be more competitive with Amazon

| Business, Financial & Legal News | Posted: Mar 20, 2013 11:31 pm

Ebay has announced that they are changing its fees in order to become more competitive with Amazon. Some of the fee changes will take place April 16, while others will remain the same until May 1. In the end, most sellers will end up paying lower fees, though this won't be the case for everyone.

 

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Part of the reason Amazon has been so successful is that they don't charge listing fees. "For most of our sellers the complexity of our fees were keeping them from being on eBay and preventing them from having full transparency into their profitability from selling on eBay," Michael Jones, vice president of merchant development, said.

 

If you only list a few items each year, Ebay is going to offer 50 free listings per month. Ebay will then take 10 percent of the sale price, if the item sells. If you happen to be a higher-volume seller, final value fees will range between 4 percent and 9 percent, depending on the product category.

 

"There will be some sellers who will pay a little bit more on eBay, but most sellers will be impacted positively by this."

NEWS SOURCES:Reuters.com

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