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eBay fee percentage just went up to 14.35% for books...

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  • MarginSil
    replied
    Who knows the reason why they did increase the fee just for books? I've just noticed it. I usually sell my old books and textbooks. It helps me when I need some extra cash. Besides, it helps to save some free space in my house, from the dust collecting stuff. When I sold my last pack of books, I've noticed that I've received less money than I expected. I didn't get or see any notifications about the fees charged. I thought for some reason that someone had stolen my money somehow.
    Luckily, my friend told me about https://covery.ai/products/kyc, and I could track later that I pay an extra fee for some sales.
    Last edited by MarginSil; 07-28-2021, 10:29 AM.

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  • annaneves
    replied
    It sucks... I usually sell my old books there

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  • paulrant
    replied
    In my opinion, you don't have to worry about that because almost every online platform working in this field raised the fee percentage.

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  • RonClinton
    replied
    Originally posted by mulleins View Post

    Will the seller still be hit with a 3% extra if the buyer uses PayPal?
    No idea, but that’s an excellent question. My assumption is no, since eBay was explicit that it was just a single flat fee now...but not sure. Maybe eBay pays the PayPal fee behind the scenes...?

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  • Brian861
    replied
    I've never tried to sell books via FB marketplace. I figured there wasn't really a market out there for the crazed collector thing. Might need to test the waters as I'm also trying to get my library together and need to get rid of a lot of fluff.

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  • mulleins
    replied
    Originally posted by RonClinton View Post
    Okay, maybe it's not as onerous as I thought...it appears PayPal will no longer be involved in payments, so there is no longer a 3% add'l fee. Instead, eBay is handling all payments, and the percentage fee is subtracted immediately, and the funds are deposited directly into your bank account (no more PayPal balance harbor). So instead of 10% or 12% + 3% PayPal, it's just a straight 14.35%...or essentially no difference. Sorry for the confusion. More info:

    What you need to know: https://pages.ebay.com/C2Cmanagedpayments/index.html

    New fee structure: https://www.ebay.com/help/selling/fe...g-fees?id=4822
    Will the seller still be hit with a 3% extra if the buyer uses PayPal?

    Leave a comment:


  • mhatchett
    replied
    Originally posted by RonClinton View Post

    Yeah, what happened there? I was surprised to see this news a couple days ago...as far as I knew, they were still one outfit. I take it eBay sold PayPal (or vice versa)?
    Yeah ebay sold Paypal.....It has totally screwed up bundling items to reach $100.00 for 0% interest.

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  • RonClinton
    replied
    Looks like you can still pay via PayPal, but can also pay via other methods (which apparently eBay handles on the backend)...I just updated my info w/ eBay as required from all sellers (by end of year), and I see this list of payment options:

    payments.JPG

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  • RonClinton
    replied
    Originally posted by mhatchett View Post
    It was better when ebay/paypal were one company.....
    Yeah, what happened there? I was surprised to see this news a couple days ago...as far as I knew, they were still one outfit. I take it eBay sold PayPal (or vice versa)?

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  • mhatchett
    replied
    It was better when ebay/paypal were one company.....

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  • Sock Monkey
    replied
    Well, that makes it a little easier to swallow.

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  • RonClinton
    replied
    Okay, maybe it's not as onerous as I thought...it appears PayPal will no longer be involved in payments, so there is no longer a 3% add'l fee. Instead, eBay is handling all payments, and the percentage fee is subtracted immediately, and the funds are deposited directly into your bank account (no more PayPal balance harbor). So instead of 10% or 12% + 3% PayPal, it's just a straight 14.35%...or essentially no difference. Sorry for the confusion. More info:

    What you need to know: https://pages.ebay.com/C2Cmanagedpayments/index.html

    New fee structure: https://www.ebay.com/help/selling/fe...g-fees?id=4822

    Leave a comment:


  • Martin
    replied
    I do wonder what the logic is for charging different rates. It is not like it costs eBay more for people to sell books.

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  • Ben Staad
    replied
    If I list anything in the future I will have to really think about pricing. Last time I sold a few books I lost money with shipping so this makes it a little more challenging for a novice seller.

    Originally posted by Sock Monkey View Post
    14.35% is ridiculous. Couple that with the fact you also pay Final Value Fees on the shipping and that PayPal still takes their cut, it's hard to make any money off a book. In fact, with that new percentage, you'd have to sell the book at 20% over what was you paid for it just to break even. I'm going to have to rethink my selling practices.

    Leave a comment:


  • Sock Monkey
    replied
    14.35% is ridiculous. Couple that with the fact you also pay Final Value Fees on the shipping and that PayPal still takes their cut, it's hard to make any money off a book. In fact, with that new percentage, you'd have to sell the book at 20% over what was you paid for it just to break even. I'm going to have to rethink my selling practices.

    Leave a comment:

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