| Author |
 Topic  |
|
natsb88
Penny Collector Member
USA
483 Posts |
 Posted - 08/20/2008 : 21:24:27
|
In October eBay is going to move entirely to electronic payments. They will no longer allow sellers to accept checks, money orders, or any other non-PayPal or non-credit card payment methods (unless 'local pickup' is selected by the buyer and the transaction takes place in person).
eBay is also setting a ceiling for shipping costs in some categories.
The insertion fee is going down for fixed price listings, but the final value fee is going way up. In most categories it will be 12% for the first $50 and 6% after that.
They keep pushing the "best match" search result sorting as well. I'm not a big fan of that as it gives high-volume sellers much better placement than the casual seller.
Details for all of the above:
http://pages.ebay.com/sell/August2008Update/Overview/
|
Nate
www.coppercave.com |
|
|
moboman
1000+ Penny Miser Member
USA
1332 Posts |
Posted - 08/20/2008 : 21:41:49
|
wow, just read the email.
Thats bs, they are trying to eliminate the small guy!
only paypal, more fees, but if your a power seller, then you have less fees, etc.
|
I have a hard time resisting the temptation to take a wheat penny out of the take a penny cup when I see one! |
 |
|
|
fb101
Penny Hoarding Member
USA
894 Posts |
Posted - 08/20/2008 : 22:21:35
|
So I'm seeing this auction:
http://cgi.ebay.com/1890-MORGAN-SILVER-DOLLAR-UNCIRCULATED-LIKE-CONDITION_W0QQitemZ360079957671QQcmdZViewItem?hash=item360079957671&_trkparms=39%3A1|66%3A2|65%3A1|240%3A1318&_trksid=p3286.c0.m14
Under the new fee structure, this sale would net about $14.70.
I suspect this is lower than the original cost for this UNC Morgan.
That might soon be under melt price.
My guess is, there will be a lot fewer listings on ebay.
Here's a $50 penny auction results assuming final price is $81 (under new fee structure)
FVF 7.05
PPF 3.00
LF 0.35
tot fees 10.40
net 70.60
Fortunately, that's still a 40% return.
|
A materialistic society cannot afford credit, it will inevitably implode.
Life and success are a "do it yourself" thing |
Edited by - fb101 on 08/20/2008 22:22:30 |
|
|
|
Tourney64
Penny Hoarding Member
USA
713 Posts |
Posted - 08/20/2008 : 22:23:49
|
| Time for some competition |
|
|
|
horgad
1000+ Penny Miser Member
USA
1349 Posts |
Posted - 08/21/2008 : 08:25:04
|
quote:
Originally posted by natsb88
In October eBay is going to move entirely to electronic payments. They will no longer allow sellers to accept checks, money orders, or any other non-PayPal or non-credit card payment methods (unless 'local pickup' is selected by the buyer and the transaction takes place in person).
eBay is also setting a ceiling for shipping costs in some categories.
The insertion fee is going down for fixed price listings, but the final value fee is going way up. In most categories it will be 12% for the first $50 and 6% after that.
They keep pushing the "best match" search result sorting as well. I'm not a big fan of that as it gives high-volume sellers much better placement than the casual seller.
Details for all of the above:
http://pages.ebay.com/sell/August2008Update/Overview/
LOL! Everybody is going to be listing in the 8% fee categories no matter what they are selling. Got $50 copper penny bag listed under Computers and Networking? Management is bound and determined to totally destroy E-BAY. |
|
|
|
Kurr
Penny Hoarding Member
576 Posts |
Posted - 08/21/2008 : 09:47:14
|
| Bout every time I think I might wanna list that first item on ebay, something like this comes along. |
Always willing to trade copper for pm's
A number of people are educated beyond, sometimes way beyond, their intelligence. - Tenbears
My Ebay items: http://tinyurl.com/5pqkho |
|
|
|
kavajava
Penny Collector Member
USA
487 Posts |
Posted - 08/21/2008 : 10:48:49
|
| This change will make this forum even better for buying and selling between (reputable) members. |
|
|
|
jpf231
Penny Collector Member
USA
340 Posts |
Posted - 08/21/2008 : 11:57:34
|
| So, Paypal fees will be mandatory - un-freaking-real. I'm beginning to loathe eBay. |
|
|
|
fb101
Penny Hoarding Member
USA
894 Posts |
Posted - 08/21/2008 : 19:43:11
|
We should keep an eye on the listing count in ebay. Maybe it will be a good short for the next earnings cycle.
I forgot about the limit on shipping fees. I remember getting a warning when I put on a coin listing with $15 shipping fees. - That was Insurance for $500, with signature confirmation. I think the actual cost came to about $14.75 or so. If shipping exceeds the 'maximum' amount, that could be more lost listings. I think a lot of people will not want to start eating more of the shipping costs. |
A materialistic society cannot afford credit, it will inevitably implode.
Life and success are a "do it yourself" thing |
Edited by - fb101 on 08/21/2008 19:47:43 |
|
|
|
Neckro
Penny Collector Member
USA
310 Posts |
Posted - 08/21/2008 : 20:06:16
|
| F-ebay, do local trades sells over the forum. Everyone I have dealt with was extremely honest and fair. |
|
|
|
NotABigDeal
1000+ Penny Miser Member
USA
1848 Posts |
Posted - 08/21/2008 : 20:51:34
|
So far so good for me as well.
Deal |
I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks. |
|
|
|
Gr33nday43
Penny Collector Member
USA
292 Posts |
Posted - 08/21/2008 : 21:43:04
|
Well ebay has lost one seller...I still may buy there...since I have a paypal account. But when so few items that are going to be listed...won't this just drive up? I miss the old eBay.
Guess what? There is a solution. Selling on this forum and also on amazon's bidding site.
Amazon's fees are cheaper, although they aren't as well known. |
HoardCode0.1:M/1USKY:US1Cu35000
Buying and occasionally selling wheat pennies and copper pennies(Sell a lot of silver as well) PM me for more details.
http://coppercave.com
Founded by Natsb88!
http://tinyurl.com/ryedale
Ryedale apprentice for sale on eBay. Check it out! |
|
|
|
natsb88
Penny Collector Member
USA
483 Posts |
Posted - 08/21/2008 : 22:13:37
|
| As much as we gripe about fees (and I'm certainly no happy camper), eBay has become a household name, and there's nothing that can come close to that sort of brand recognition. Show me another site where I can reach a potential audience equal to eBay's millions with fewer fees, and I'll set up camp there tomorrow. |
Nate
www.coppercave.com |
|
|
|
simplicitycounts
Penny Pincher Member
USA
200 Posts |
Posted - 08/21/2008 : 23:07:07
|
| Well said Nate. |
|
|
|
HoardCopperByTheTon
Administrator
USA
3602 Posts |
Posted - 08/21/2008 : 23:54:54
|
I just listed a bag of wheat cents on there and I got the warning about excessive shipping fees. Funny, I thought $10 was very reasonable for a 34 pound bag of pennies. I went through their shipping calculator and it came up to something like $32.
If they are going to require PayPal on every transaction why can't they just bundle it into the price? Do they think folks can't add up all those fees and figure out what it costs to sell there?
Supposedly you get a little bit back if you are a power seller and are able to maintain near perfect DSR's. I have been qualified for several months yet I never get an invite. I called eBay customer support to try to rectify this and all they could do was give me the PayPal email address.
I guess it doesn't really matter. With the new fee structure I'm not sure I want to continue to move $1,000 a month in product and give eBay all the profit while I do all the work.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
|
|
|
|
JerrySpringer
Penny Collector Member
385 Posts |
Posted - 08/22/2008 : 09:40:48
|
| Ebay has decided as a business partner to take a bigger cut. Imagine if your business partner decided to take a bigger percentage of the profit all of a sudden. Wouldn't you start looking into getting a more equitable partner? |
|
|
|
Bluegill
Penny Collector Member
USA
439 Posts |
Posted - 08/22/2008 : 17:21:14
|
quote:
Originally posted by jpf231
So, Paypal fees will be mandatory - un-freaking-real. I'm beginning to loathe eBay.
I definitely know how your starting to feel. I already loathe feebay fleecebay ebay. Been building up since '04 with me.
As a former seller, don't even get me started on paypal...
|
“I’m fully diversified. I’ve got some under the mattress, some under the floor boards, some in the backyard.”
"Give me control over a nation's money supply, and I care not who makes its laws." – Anselm Rothschild
|
|
|
|
Nickelless
1000+ Penny Miser Member
USA
1340 Posts |
Posted - 08/23/2008 : 04:55:03
|
| "Payment on pick-up" was one of the remaining payment options, and as far as I can tell, eBay would have no way of knowing if the buyer and seller agree to check or money order as a payment arrangement under the **wink wink** "payment on pick-up". Do you guys think this would work, or would eBay have some way of figuring out if people were still using checks or money orders "off the grid" so to speak? |
Why hyperinflation is inevitable...and very soon:
http://www.shadowstats.com/article/292
http://www.ChrisMartenson.com |
|
|
|
redneck
Penny Collector Member
314 Posts |
Posted - 08/23/2008 : 06:26:51
|
They will close the loophole of "Payment on pick-up" sometime in the future when the case has been made that all sales through the internet must be taxed...
This whole change over is just another step in business at the governments request for building a case for getting federal and state taxes from internet sales.
When everything is tied to a number (your #) electronically, they got you.
> |
|
|
|
Copper Catcher
Moderator
USA
594 Posts |
Posted - 08/23/2008 : 09:32:13
|
| I started back with eBay in 1997 and have maintained 100% feedback the entire time with over 1900 transactions! I was also once a PowerSeller but it got to be too much like work so I quit. I have been screwed by PayPal on several occasions over the years and find their “guarantee” worthless and only pay by AMEX versus drafting from a checking account. AMEX backs me up and I'd rather let them fight it out with PayPal in a dispute because you have a better chance of winning. While I understand in some ways this move it is NOT to the benefit of the seller. However, like Wal-Mart, I don’t see anyone else pushing them aside any time soon, so they are free to do what they want, when they want! |
DISCLAIMER: The opinions expressed in this message are those of the author and are considered for entertainment purposes only. It is not the intent of this author to provide legal, investment or medical advice and nothing posted here should be considered to be so. You are advised to seek independent counsel to act upon any laws discussed in this communication. |
|
|
|
swusc
Penny Collector Member
490 Posts |
Posted - 08/23/2008 : 09:42:35
|
I agree with copper catcher that Ebay isn't going to get bump due to their brand. It is their brand that is worth so much money---their market cap is $32.55 billion dollars. You can make an auction site for a lot less than $32 billion.
The problem is they are going to price themselves out at some point. Every price hike will knock off smaller seller that are just making it. If someone is making a living selling due to their volume, but the margins are small---this price increases greatly hurt them. Now the increase on the remaining sellers will likely make up for the loss sellers.
The question is do these sellers go to a different site and help slow build the beast that could kill ebay?
|
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966. |
|
|
|
fb101
Penny Hoarding Member
USA
894 Posts |
Posted - 08/23/2008 : 12:28:52
|
| I'm guessing when you have to sell an UNC Morgan at a loss or miniscule profit ($1?), the supply will dry up. I think there will be a shortage of auctions for items under $10, and there's plenty of those now. My guess is net loss in auctions for ebay on this one. |
A materialistic society cannot afford credit, it will inevitably implode.
Life and success are a "do it yourself" thing |
|
|
|
Nickelless
1000+ Penny Miser Member
USA
1340 Posts |
|
|
B-Power-B
Penny Pincher Member
USA
106 Posts |
Posted - 08/23/2008 : 21:39:16
|
Doesn't Ebay now own Paypal? Could explain its new online payment rule..
And as much as I hate Paypal, man its fast! I literally have asked myself countless times why I did not come up with the idea of Paypal... Its pretty slick and fast. But it benefits large sellers the most. Thats what Paypal and Ebay both want, consistent large volume sellers.
Thank God for CraigsList |
Those who trade liberty for security have neither.
|
|
|
|
copperbullion
Penny Pincher Member
Australia
127 Posts |
Posted - 08/24/2008 : 05:48:15
|
| Feebay tried this in Australia earlier this year... there was such an uproar, our ACCC (Australian competition and consumer commission) banned it.. It was a huge defeat for ebay here. Maybe you guys can do the same. |
Edited by - copperbullion on 08/24/2008 05:49:08 |
|
|
|
B-Power-B
Penny Pincher Member
USA
106 Posts |
Posted - 08/24/2008 : 18:02:02
|
Here in America we like to just bitch and complain and hope someone gets tired of hearing it and stands up to take action..
Haha Im just kidding!
There is so much wrong with ebay right now. I personally do not like buying from "powersellers". Nothing against them for I know some people on the boards are powersellers. Its just that I feel there are some sellers who just flood ebay with crap. By the time ebay, paypal, the seller and the shipping company all make their buck, its cheaper to just buy elsewhere... And safer at times. |
Those who trade liberty for security have neither.
|
|
|
|
Topic |
|
More Changes on eBay...
