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eBay listing and reserve fees to skyrocket Feb. 1
Selling on eBay Just Got More Expensive: New Fees Effective February
2nd By Ina Steiner AuctionBytes.com January 05, 2004 eBay will increase listing fees on eBay.com effective February 2, the company announced today. For items with a starting price of between $1 and $9.99, it will cost an extra 5 cents (35 cents) to list on eBay.com. For items with a starting price of $500 and up (a new category in eBay's fee structure), it will cost $1.50 more to list ($4.80). In addition, eBay doubled most Reserve Price fees, increased fees for running optional 10-day listings, increased the subscription fee for its Seller's Assistant Pro software, and increased fees for using listing designer with Turbo Lister. eBay also increased fees for eBay Motors, see the full announcement http://www2.ebay.com/aw/marketing.shtml for more information about changes to eBay Motors fees. There was some positive news included with the fee change announcement. eBay Storeowners will pay less (2 cents instead of 5 cents for 30-day listings); the special promotional price for Home Page Featured will become permanent ($39.95 instead of $99.95); and sellers who re-list items that were won but not paid for by the buyer will be eligible for the standard re-list credit. Previously sellers were only able to receive credit for Final Value Fees when filing Non-Paying Bidder reports http://pages.ebay.com/help/community/npb.html. In addition, some changes were made to auctions that end without meeting Reserve Price; beginning in mid-March, sellers will be able to make Second Chance Offers http://pages.ebay.com/help/sell/second_chance_offer.html to under-bidders, and if a Second Chance Offer is accepted, the Reserve Price fee will be refunded. eBay is increasing the subscription fee for its Seller's Assistant Pro software from $15.99/month to $24.99/month, and on April 12 will begin charging for using "Listing Designer" within Turbo Lister. eBay will continue to charge a 30-cent listing fee for items posted for 99 cents or less. See accompanying chart on the AuctionBytes Web site for more information http://www.auctionbytes.com/cab/abn/y04/m01/i05/s01, and eBay's announcement board for eBay's full announcement. http://pages.ebay.com/help/announcement/1.html When asked about the fee changes, eBay spokesperson Hani Durzy said, "we only make changes when we think it's the right thing to do for the vibrancy of the eBay Marketplace. We feel that the overall impact of the changes will be positive." eBay had last adjusted fees in March 2003 http://www.auctionbytes.com/cab/abn/y03/m02/i17/s01, and eBay increased Final Value Fees in January 2002 http://www.auctionbytes.com/cab/abn/y02/m01/i17/s01. eBay announced no changes to Final Value Fees in today's announcement. eBay is also changing fees in Canada http://www2.ebay.com/aw/marketing-ca.shtml#060401205718, UK http://www2.ebay.com/aw/marketing-uk.shtml and Australia http://www2.ebay.com/aw/marketing-au.shtml; check announcement boards on eBay's international sites for further information. In related news, eBay UK is holding a free listing day on January 8, and sellers on eBay's French site are threatening to strike on January 14, 2004 when higher fees go into effect on eBay.fr http://www.auctionbytes.com/cab/abn/y03/m12/i23/s01. *** Ira Stein |
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#2
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I figured a fee increase was probably
in the works. Stuff I used to list at $1.00 will now drop to 99 cents starting bid to save 5 cents. With their domination of the online auction market they probably figure they can do what they want. |
#3
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JSTONE9352 spoke thusly...
With their domination of the online auction market they probably figure they can do what they want. And they are probably right (at least for now). -- Stujoe Email: http://tinyurl.com/wu00 Grading Challenge, Coin News, Virtual Coin Museum and mo http://www.CoinPeople.com |
#4
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"JSTONE9352" wrote:
With their domination of the online auction market they probably figure they can do what they want. They figure right, and they're just getting warmed up. The game of a quasi-monopoly is to increase its share of the pit to the point that they're inviting competition or anti-trust action. My rcc quote of Feb 6, 2003: "eBay will increasingly exercise its monopoly power, gradually making the deal more expensive for customers, suppliers, and competitors. This, of course, goes for their PayPal subsidiary as well. --Chris -----= Posted via Newsfeeds.Com, Uncensored Usenet News =----- http://www.newsfeeds.com - The #1 Newsgroup Service in the World! -----== Over 100,000 Newsgroups - 19 Different Servers! =----- |
#5
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In , on 01/05/2004
at 08:12 PM, "Chris S" chris(at)imt.xohost.com said: With their domination of the online auction market they probably figure they can do what they want. They figure right, and they're just getting warmed up. The game of a quasi-monopoly is to increase its share of the pit to the point that they're inviting competition or anti-trust action. So. Who's in second place? Would that be Yahoo auctions? I've never listed there, and I've barely ever looked. Is this a close alternative? If not, what are the issues that prevent it from being so? Nick |
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Chris S wrote:
"JSTONE9352" wrote: With their domination of the online auction market they probably figure they can do what they want. They figure right, and they're just getting warmed up. The game of a quasi-monopoly is to increase its share of the pit to the point that they're inviting competition or anti-trust action. My rcc quote of Feb 6, 2003: "eBay will increasingly exercise its monopoly power, gradually making the deal more expensive for customers, suppliers, and competitors. This, of course, goes for their PayPal subsidiary as well. You gotta admit though, their unique service has become a infectious fixture throughout the world. Seldom can you wander through the collectibles or antiques scene anywhere in the world without overhearing dozens of people sharing Ebay experiences. Many count on Ebay for their figurative daily bread, and couldn't survive in sales without it. Sure, Ebay essentially has a monopoly on the online auction business. We all helped them gain that status. They made it easy for anyone to play. Most of us profited, too, both as buyers and sellers, exposing our stuff to potential buyers all over the world for pennies in fees. That's why I take their increased fees as simply an anticipated cost of using their resources. There was commercial life before Ebay, and anyone who finds it becoming unprofitable to sell there is always free go back to the more traditional ways. I'm curious how some of those mega-Power Sellers made their livings before Ebay. As a small-potatoes member, I can't complain about Ebay's charges. I just hope they stay around. Bruce |
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"Bruce Remick" wrote:
You gotta admit though, their unique service has become a infectious fixture throughout the world. I don't begrudge eBay its market power. I agree that they earned it. Like Microsoft, and in the past Nintendo, US Steel, Standard Oil, et al., unregulated monopolies achieved their status by making the world a better place in a meaningful way. Fortunately for you and me, their monopoly power is a tiny part of our lives. The point I was making is that monopolies' products differ from other great products in that the cost of their services goes up over time, unlike products in competitive markets. Those who rely on them for their livelihoods should recognize, plan for, and cope with that fact of life. It will be years before eBay loses its market power. I think I conjectured here that at some point, internet coin dealers could send a message to eBay by diverting their auctions to some other service for a day, week, month, or whatever. It would cost them money in to do so, and those that stayed on eBay during the protest would make out like bandits, but to the extent it worked, eBay would have to begin to act like a competitive supplier, and Yahoo, Amazon, or some other internet auction house might gain a foothold. RCC, the PCGS forum and other media could be helpful in such an effort, both in helping organize sellers, and in gaining collectors' support. Again, it's not my hunt, but I offer the concept for those who care. --Chris -----= Posted via Newsfeeds.Com, Uncensored Usenet News =----- http://www.newsfeeds.com - The #1 Newsgroup Service in the World! -----== Over 100,000 Newsgroups - 19 Different Servers! =----- |
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#9
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So. Who's in second place? Would that be Yahoo auctions? I've never listed there, and I've barely ever looked. Is this a close alternative? If not, what are the issues that prevent it from being so? Yahoo in comparison to ebay is such small potatoes that I don't think there is any meaningful second place. A lack of buyers keeps Yahoo small and dealers don't want to bother with it if so many auctions end with no bidders. |
#10
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"Ira Stein" wrote in message ... Selling on eBay Just Got More Expensive: New Fees Effective February 2nd By Ina Steiner AuctionBytes.com January 05, 2004 eBay will increase listing fees on eBay.com effective February 2, the company announced today. For items with a starting price of between $1 and $9.99, it will cost an extra 5 cents (35 cents) to list on eBay.com. One more nail in the coffin for FleaBay in my opinion, I haven't sold anything on Fleabay, nor bought anything for that matter in months, they can KMA!. Dave P. --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.558 / Virus Database: 350 - Release Date: 1/2/04 |
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