Enjoy your videos. Been selling on Ebay since they came online. It has been a great hobby. Now I am retired and devote more time to it. I currently have over 5,400 listings. My listings come from local auctions. 99% of everything I sell is new and I always do free shipping. Keep up the good work!
Thank you for explaining what is getting changed. Understanding most of the changes is very important. Especially when it comes to our profits. They will walk all over us, if no one is paying attention. Thanks again
Best offer if accepted has been immediate for many of us for a while that's a huge reason why I don't offer unless I can have a private conversation with them and they can send me the offer that I wanted to give to them so I could then accept it because the immediate pay means that it checks you out right away is your PayPal without you being allowed to choose the pay in four option
10 cents is nothing to complain about. The thing that should kill eBay is the fact that the post office raised shipping by about 25%. That's 25% less that they will bid. The sellers loose because people calculate how much the total purchase will be and if postage went up 25% the price people pay for the merchandise goes down 25%.
I totally agree. It's not a huge increase, but it is another increase. I recently left Bonanza. They added a .25 per transaction fee, saying it was minimal, but for someone like me with a 15.00 ASP, it brought up my FVFs. Then they went and messed up their shipping, so I left. I agree ebay should focus on bringing more buyers. I see continual ebay ads on youtube, but only for their luxury authentication service. What ebay the rest of us?
I'm a small seller but I use Custom Sku in Ebay to date my listing and where that item came from. So if I go to an auction in Moberly TN in March 2024 my Sku reads Moberly TN March 2024. Then after time goes by and I am looking through my listings, I can tell if something has been there for awhile. And I can keep track of my sales and profit for a particular auction or Thrift Store, yardsale, etc.
Mercari had already been charging $0.50 since last year I think instead of $0.30. They charge 10% selling fee on price and 2.9% + $0.50 processing fee on total of price plus shipping. Wonder if they will keep increasing it. What will stop me from selling is the shipping prices if they go up more and more expensive to not be worth it to ship items anymore. I remember shipping 3oz items for $1.something. Now its $4.something
@@jmoney2535 well now there isn't fees for sellers now there is fees for buyers which makes buyers offer almost half of asking price when they only getting charge around 1.something more in fees for $16-$17 items
ReSellers need to stick together. We've had a few fuss about shipping or a handling charge only to find out they are a reseller as well. Remember if you are that way, we're all on the same team and do not belittle & lowball another reseller. Some people have been here lately & kindness goes a long way.10 cents is not huge overall, work it in your price. Have fun and don't give up.
This is why I charge a handling fee on every sale. It will cover this increase and generally the cost of shipping materials. New listings will have the handling fee increased 13 cents. Pass it on to the buyer. Currently charge an 85 cent handling fee but will increase up to a dollar. Some may think this will effect sales but I don't need to get every possible sale I might get and am happy with what I make on eBay without stressing about optimization of income.
@simbalantana4572 Never had any message or negative feedback on the handling fee. I think it simply increases the displayed shipping cost and is not shown as a handling fee though not positive. Also, who would complain about 85 cents or a dollar. I think if someone has an issue with it they probably buy from someone else and I don't know it. 100% positive feedback over 20+ years though in that time I had three difficult customers.
Ill keep saying it: if your business model cant handle things like a 10 cent cost increase or the cost of a box you need to evaluate your model and source/sell better items. You are working too hard at this to be ok with making $3-6 profit selling mall brand clothes.
Thank you for all the great info Kevin. I have learned lots from you since I started reselling. Everyone is correct that it won't affect them much individually and won't even notice, its only dollars per month for each seller, however, if you look at ebay as a whole and the amount of transactions daily, which is in the millions, ebay is going to make millions of dollars EVERY DAY from this simple small change to their fees. I am curious what the breaking point would be for sellers on the transaction fee? .50? 1.00? No doubt this will keep going up in the future.
10¢ extra per sale is not gonna kill me, since the majority of my items are more than $10. What I am currently doing is End Item/Sell Similar and reducing my BIN price by 10%. I continue to send Offers to all Watchers, so that has helped sales somewhat.
The 10 cents is not a too big of a deal but in combination with the higher fees because of the higher postage is what really gets me. I make less on sales when the shipping goes up because having to lower or at least keep the price the same and then pay more fees on the shipping. Just shipped a pair of shoes 2# and they paid $11.50 and that is after setting up giving the buyer a 15% discount. I would agree Kevin that it would be great if fees and shipping would stay constant for at least a year. We get hit on all fronts with increased costs and at least for me the items are not increasing in price much or having to discount them heavily to get buyers interested.
How much did you pay for shipping 2#? Even if it was to the further Zone 8, then it should've cost you $9.21 via Ground Advantage. Shipping costs for Ground Advantage actually decreased this year, for 12-16 ounces and 0.1-1.0 Cubic packages.
@@pnw-coast yes it was around that cost for me. There is a wide gap now with ground advantage for what the customer pays and what we pay even like I mentioned that I give a 15% discount to the buyer.
@@matprather5833Maybe consider giving buyers your ebay discounted price and adding a handling fee instead of doing the discount method. Or increase the discount percentage.
People will complain about 10 cents and turn around and drive (burning gas) to get a $5 coffee everyday. eBay gets eyeballs from all over the world on my store. They have global shipping, provide reduced shipping costs, provides a website where I can download reports & numbers. How much more would it cost me to do all this on my own, including advertising? I wouldn’t be able to do it
If that is the Insertion fee of .30 going to .40? the Basic Store subscription of $21.95 gives you free insertions right now. So I will look over the updates and hopefully that hasn't changed
I signed up for it but I don't want to do live auctions I just want to do for sale items and for some reason I can't get my ID to go through and it says it's waiting and I haven't had any updates on it for over a month.
Kevin enjoy seeing you get your sold items pulled for shipping and hearing the backstory on the items. Love your content and Trash to cash podcast as well. Have fun at peaches to beaches sale this weekend. Shout out to Mike when you see him,
He does not promote. But when I do not promote I sell maybe 2 items a day. When I do promote I sell 4 to 5 items a day. I change my percentage every month from 2 percent to 4 percent maximum. Some say you don't need it but I think they are crazy. It works wonders for my store. That's a fact
I think it's ridiculous that they get a lot more money by letting you promote your items but you can't be on the naughty list and promote your items and then you get on the naughty list even more because you can't sell your items because nobody sees them it's just a lose-lose
What do I think? Pure greed on eBay's part. They just want to make sure they don't short their stockholders by a penny at our expense. Everybody wants to do something in solidarity raise every price over $10 by $0.10 they'll notice it when they start seeing prices of $16.10 and $24.10 and $35.10.
To me 10 cents is chump change. If that's the worst Ebay is doing to us,that's no biggie. U p your price by .25 or .50 and turn it into a win situation for you. If it bothers someone so much.Quit..your choice.
List a extra 20 dollar item each week and it'll cover that and more..... do better on your business and it won't affect you one single bit. If it's that bothersome then your doing something wrong
@@lolitabonita08 and for the services ebay provides me with I'm still happy. I've made 400 bucks in sales since my last comment and I've been driving in a car most of that time. 6 sales. 60 cents. Have at it ebay. I think I'll survive
I agree 10 cents isn't that big of a deal. For the amount of eyes I get on my items, it's worth it for me. I have an online jewelery store. The amount of work I have to put in to get a few eyes on my products is insane. It's a small price to pay for a lot less work, that's for sure.
I'll give ebay a pass on the 10 cents - but something funny just happened - I used my quarterly coupon to order some ebay boxes and they sent me the wrong size boxes!
They needed to not be so greedy on the shipping in the past. They wanted to make as much as they could without anyone thinking or in most cases knowing about it. They could have given us lower shipping costs and still made money on it. Now many have found other alternatives to purchase shipping and it probably got to a point were eBay was losing a lot of business and was pretty noticeable. Greed cost them on this for sure. I try not to ever buy my postage through eBay. Oh yeah don’t even get me started on those return labels everyone purchases. There is more than meets the eye why returns are encouraged.
That is weird as shipping through ebay within Canada is $7.25 at the post/ups/fedex ect starts at $21, to the USA $7.85 anywhere else starts at $17.55 but I live in Northern Ontario and don't have any access to stallion or anything like that.
Ebay needs to work with paypal on the immediate pay for best offer to allow us to choose the pay in four option if the seller accepts our bid.....right now its a pain truing to message sellers asking if they like my offer and if so woukd they send out a price cut offer with that amount for me to accept...but if im not the only watcher....i run the risk of getting beat out which happened recently
Thank you Kevin for ALL the knowledge! 10 cents is fair. When pay increased I knew prices would go up of course corporations always pass along their cost and I figured things would go up 10 cents to 25 cents but corporate greed increased things 1 to 2 dollars or more. So EBAYS 10 cents is fair. Have a fun day!
I for one am shocked that it was only a ten-cent increase. Everything has gone up in cost, electricity, card processing fees, advertising, etc.. All this is stuff eBay pays for, some of which has gone up nearly 30% in the last 3 years. A dime is very reasonable. I have been on eBay since before they were called eBay. I have seen the good times and bad times in selling on the platform and overall the system keeps getting better and better. You just have to be able to tough it through the hard times and you will be ok. Sales of luxury items naturally goes down when the economy is terrible. We are in that phase right now. Weather the storm, don't abandon ship.
Many sellers are saying that their EBAY sales ONLY have dropped off in the past couple months. They are getting very little traffic on their items (even when listed at a lower price). Concurrently, they are getting emails from ebay encouraging them to pay for promoted listings. Do you pay ebay to promote? If not, do you think they are promoting you because you are a big seller and/or famous among sellers? I am generally not a conspiracy theorist but but it would be very easy for them to give preferential treatment to the high profile sellers. Would you be willing to take some identical items and list them under a different account (maybe a family friend on a different IP address) and compare your traffic con the items?
Here is a question you have probably answered a million times, what size is your cabin? im looking to move my store out of my house and am considering a portable building. Any advice would be awesome!
The best thing you can do with the new fee is either increase your ASP and decrease your number of sales (if you intend to keep the same overall earnings), OR, reduce your overall sale price to under $25 total.
Having had a business off eBay that accepted cc and digital currency sales, the .30¢ was something paid across the board on every sale as a “processing fee” from whatever broker charges you for that transaction. Is it raising to .40¢ because that fee is rising for them? I wouldn’t be surprised if any cc sale on or off eBay is rising soon.
I’m also sure the 75 day thing is a way for them to save money on memory and bandwidth. I’m sure we much rather that than them raise rates again, or find a way to charge more for promoted listings. Might be a good sign?
I have a feeling that eBay is shadowbanning my store. I do all my comps so i know that i have good items and i have lots of jeans like Judy blue with zero views and i know the ones i have have over 100 % sell through
@@tracyhasty6506 this is what i did this morning. I had about 30 listings ending today so i just ended them myself so i can sell similar I am getting frustrated and of course eBay denies ever shadow banning anyone
Ebay columns are time robbing. People like to browse. To properly set up "Columnization" (I think I invented this word). There was a paper called "Tradin' Times" , that had perfected "Columnization",it was bullet proof. I would like to know if anyone out there remembers this long forgotten weekly paper available at newstands in a lot of states.
Hi hope all is well Ebay has the right to make the changes they want but they said the reason they where going to process payments instead of paypal is so the fees would not go up. So it seems like Ebay lied and that is not cool.
eBay has control of the fees now, whereas before they could not control whether PayPal increased their fees. PayPal fees over the past few years have increased more than this 10-cents per order.
Where did you get your large brown packing paper, also the pack packing paper holder? I’m looking to get one and I can’t find it on your affiliate links
I hardly make anything the way it is our state charges sales tax nobody wants to buy from a state that has sales tax plus they have more on shipping than some places I don't know how to stay competitive then my sales floor below average and then I'm in trouble again with eBay and then they raise the prices that I'm selling at I'm giving my stuff away the way it is
Got a chuckle out of the date historical info, never would of caught that 😂 I’ll take the 10 cent trade off for forcing buyers to pay, if they actually implement it. Not holding my breath when they’ve been promising it for years. Also kind of throws you off when you read into it that “other buyers will still be able to purchase the item if payment is not issued”… why is that snippet even in there if payment will be required?…
That snippet is a change to the way ebay marks items. Currently, the item becomes "sold" once the buyer clicks Accept Offer, even if they don't end up paying. After the update, the item will not be marked "sold" until the buyer completes the checkout process. They may back out of the payment step and keep shopping, with the item in their cart at the offer price, but the item remains "Active" for other buyers to purchase until that original buyer pays.
I do like your videos and just started doing my own yard sale channel Cash Cow Flipper this year, been on ebay since 1999 and they provide a great selling platform and provide a wide spectrum of buyers so .10 not a killer, Ill eat the cost and they also offer great shipping discounts they negotiated with USPS so that offsets the 10% they charge on combined , would be great if they could keep current pricing but I guess thats just a pipe dream for us
The only Ides of March thing eBay should have thought of is "Vehicle", still a seriously hot tune. Immediate payment required when accepting a seller offer? ABOUT TIME; sellers have only wanted it for forever. The extra ten cents on the other hand... let's just say the ducks already nibbled me to death. It's a small amount, but given the steady fee increases it's ridiculous.
I'm a small individual seller and I have sold on eBay for about 7 years. When they switched over their policy of paying out I quit selling for a while and then I went back and unfortunately. They say they give you daily payouts and they don't then they say it's your bank's fault and isn't and it could be forever before you get paid and then if somebody asked for a refund they grab it right away so that causes you an overdraft at your bank if you're not prepared. Forget about getting anybody on the phone it's almost impossible to get anybody to help you with anything on your account they give you directions on how to help yourself but you're not paying yourself you're paying eBay for their services which you don't get. As far as I'm concerned their pricing themselves out of business they give you penalties and make you pay higher prices because you had a refund or you couldn't find an item and it hasn't been a year before it's taken off you don't get charged for marketplace Craigslist and a lot of places let go offer up there's a lot of other platforms and they need to consider that not everybody needs eBay.
Be careful with that Green Meta. My son had the black and the orange and hit many homeruns. The green one he got was hot out of the wrapper but broke after 30 days and the second one he got was completely dead
Winter Update: calling a 25% increase in any fee an “adjustment” is an understatement, even if it totals a dime. It’s just another in the constant upward push in the cost of selling on eBay. If I felt I was getting more service or sales, I wouldn’t mind so much, but feel like growth has slowed and eBay is doing less for us, while charging more to do the minimum.
If you’re selling 5000 items a year .10 is insignificant. If you’re worried about the 10 cents you’ve been living under a rock with the steady inflation thats been going one. No one is defending ebay but look at the state of the economy. Things are going to get worse before they get better. Source more and sell more and stay one step ahead.
I sell at a local auction house they take 35 percent and I still make enough to keep rolling it’s just the cost of doing business I also sell on been there since 04 always made money so if 10 cents stops someone there just in the wrong business
I love how youtube viewers buy from you and then leave positive comments here later. I can only hope that my ebay store and youtube channel get to this same point one day 🤔🤞
Is resale Sustainable? Are cost to be a reseller increasing faster than profits? If the fee of a sale exceeds the profit margin for a sale you will lose money. I believe it's Sustainable but I dont know how lucrative it will be. I imagine platforms are looking for the maximum amount they can get out of resellers while maintaining enough resellers to make the maximum amount of money balancing those factors. If I had 10 vendors paying 10% fees and I increased the fees to 15% but only lost 2 vendors in the process I would then make 20% more money, but if I lost 6 I am losing 10% of my money.
@Commonwealth Flipper, Kevin, you mentioned about the "draft" part of a listing and it has been more then a few years since I have sold on eBay and i am now going to get back into it and might just start selling a pretty lot of items. I currently have an item in draft and did not know if they even had that back when I sold a few things years ago. Do you have any video's on just how you go about listing your items on eBay? Thanks for all of your content, I have already learned a lot from you.
This is the second time I'm watching your video and to answer your last question, I'm so new at eBay selling and so dumb at everything I'm being charged/eBay fees, I'm going to keep selling. Nobody likes a quitter, right? BUT eBay sure is putting a damper on Go big or go home!! I got this, right!?
Your comment right there is dead on accurate I have been saying this for almost 2 years that there needs to be a whistleblower to the IRS because what they are doing is illegal. They are literally charging us 20% or more on top of the sales tax that we are never seeing that money we are being robbed and charged for that. That has to be illegal
I just want to point out to everybody that somebody does need to call out eBay for getting 20% more money because of our promoted listings on the sales tax and that has to be illegal. A lot of us need to get together and be whistleblowers and tell the IRS
The orange Meta is a better bat than the Green Meta (they changed inner technology) the green meta is pretty fragile. Save for games and use the orange for practice it’s a stronger bat
This change certainly impacts certain categories more than others. The card community (sports cards, pokemon, etc.) will be hard hit and that community has had many in my sphere say "I just can't make it work anymore on eBay". The problem is the margins are so small in the trading card eBay business that you need to do a large volume of sales. The $.10 per item increase is large because as in all things eBay, they have already squeezed as much of a percentage as they can out of sellers in every way possible. $10 or less sounds like a "good" option to leave alone, but once you throw in the shipping and tax portion you hit $10 very quickly. So say shipping/tax is $5 this essentially only exempts items that buyers pay less than $5 a piece on. Trading cards selling in the $5-20 range are such an incredibly large section of that market that sellers are finally throwing their hands up and saying, enough. eBay has every reason to be concerned that the trading card sector will leave because of this. At the end of the day, there is really only so much a business can squeeze out of every transaction before the seller just can't pay their bills.
Raising a fee by 10 cents? Okay. What really grinds my gears though is collecting sales tax "for us" and then charging FVF on that sales tax collected. Its absolutely outrageous.
what is killing the resell world, specially in ebay...is high shipping cost, plus the highway robbery of collecting a fee with shipping and taxes...i do not think that collecting "an overall" fee including the taxes is lawful..
They've been charging it for 10 years with no issues. Do you really think the thousand lawyers that work for eBay didn't check to see if it was lawful before doing it?
I do not think that anyone that does not care to pay what ebay tell them to pay will catch that "small" issue. Any platform can collect taxes in the name of our beloved uncle Sam, but NO ONE can charge a fee over taxes...they can collect fees in anything u sell, include the insurance fee, the shipping fee, the grandma fee and any other fee that they can think off...but fees over taxing...no, that is a nono...@@WellnessWizdom
@@lolitabonita08PayPal charges the fee on sales tax as well. PP calculates their processing fee on TOTAL amount, including sales tax, so you are mistaken if you think eBay is the only one charging this.
eBay used to make the seller figure out the tax depending upon where the buyer was, send it to the specific states at the end of the year and it was hell! I’m pretty sure 90% of sellers got it all wrong so that is why eBay took over doing it.
sadly u have the wrong info...the taxes were collected ONLY for the state u had your buss on...that is if you sold a pair of shoes u had to charge the taxes according with your state....Now, uncle sam greedy uncle , want to be sure that his pockets get fatter and have ebay collect all the taxes on his name regardles of the point of sale....that is...sold shoes to a buyer from Arizona...ebay charges the tax according with the arizona tax charges. Now, charging a fee on top of the taxes they collect is illegal...@@ypcomchic
So of course this is tax time, and fresh on my mind is why we paid ebay last year. Just us one small seller it was over 56k. Now they want .10c more for each transaction so thats another 20k sales x .10c 2,000 more. This on top of other major increases we have this year. So it goes without saying we are not paying it! These increases must be passed on to the buyers. One thing I have learned is just how few people are involved in the actual running of ebay it is no where near what you would think. So you would expect them to be able to hold costs down, and that just does not seem to be the case. I do hope ebay Live will really help bring many more buyers to ebay as they are going to drop massive amounts of money promoting it once Beta phase is over. We ran our first test 20 minute stream and we did see sales from it. So excited that ebay may have new life coming to it. But also fear they will somehow want more money in the end once again.
Hello Over 2,000 in purchases and some doll sales. I'm from the group that used Amscott money orders in the beginning, so bear with me. I just purchased a doll from Washington State. I'm from Florida and paid 30.00 or so in tax. Who really gets this money and why now? Thank you for those in the know.
Unfortunately the IRS is currently devising a plan to create On-Line Business Licenses. Anyone selling on-line in any way, shape or form will be required to have them, and they won’t be cheap!!
@12:21 = $2 ... Sooooooo pretend you are spending $2 PER DAY x 30 days in a month. That's $60, which is about what I pay for my Ebay "store". Pretty crafty way to DOUBLE the store cost, but leave the price of having a store the same.
EBAY I sold something in December it arrived broken I didn’t want it back told them don’t charge me for return label just refund customer they charged me anyway I received the return I threw it away wasted money now this morning they charged me again for return label. Telling me I didn’t pay for. So how did the buyer use a eBay return label to send it back and yes I was charged then and now again they took my money I’m so upset
21:11 OMG! Merlin was my favorite game as a kid and I still have mine! I'm not sure I'll ever part with Merlin, is a matter of fact, he is the longest "relationship" I've ever had...the longest years I've had a "man" in my life!! 😂😂😂
The fact they are removing unpaid/fake sales is significant. No more Little Mermaid VHS for $20K
😅😅😅😅yess but the beanie babies ohhhh
They are NOT FAKE...its legit money laundering.
lol I bought like 10 copies of fox and the hound when I first started this 😅
10 more cents will not take me from Ebay, but it seems just one more in the "Death By A Thousand Cuts"
Seller offers immediate pay is the greatest news ever. So many non-payers
They need to make the auction winners that way as well
Enjoy your videos. Been selling on Ebay since they came online. It has been a great hobby. Now I am retired and devote more time to it. I currently have over 5,400 listings. My listings come from local auctions. 99% of everything I sell is new and I always do free shipping. Keep up the good work!
Thank you for explaining what is getting changed. Understanding most of the changes is very important. Especially when it comes to our profits. They will walk all over us, if no one is paying attention. Thanks again
Really excited that the best offer will now be immediate pay! Big plus for me!
Best offer if accepted has been immediate for many of us for a while that's a huge reason why I don't offer unless I can have a private conversation with them and they can send me the offer that I wanted to give to them so I could then accept it because the immediate pay means that it checks you out right away is your PayPal without you being allowed to choose the pay in four option
Then they will cancel it claiming they ordered by accident lol
10 cents is nothing to complain about. The thing that should kill eBay is the fact that the post office raised shipping by about 25%. That's 25% less that they will bid. The sellers loose because people calculate how much the total purchase will be and if postage went up 25% the price people pay for the merchandise goes down 25%.
Yeah but at the same time you pay the ebay fee on the shipping price you charge to your customer
I totally agree. It's not a huge increase, but it is another increase. I recently left Bonanza. They added a .25 per transaction fee, saying it was minimal, but for someone like me with a 15.00 ASP, it brought up my FVFs. Then they went and messed up their shipping, so I left. I agree ebay should focus on bringing more buyers. I see continual ebay ads on youtube, but only for their luxury authentication service. What ebay the rest of us?
I'm a small seller but I use Custom Sku in Ebay to date my listing and where that item came from. So if I go to an auction in Moberly TN in March 2024 my Sku reads Moberly TN March 2024. Then after time goes by and I am looking through my listings, I can tell if something has been there for awhile. And I can keep track of my sales and profit for a particular auction or Thrift Store, yardsale, etc.
Mercari had already been charging $0.50 since last year I think instead of $0.30. They charge 10% selling fee on price and 2.9% + $0.50 processing fee on total of price plus shipping. Wonder if they will keep increasing it. What will stop me from selling is the shipping prices if they go up more and more expensive to not be worth it to ship items anymore. I remember shipping 3oz items for $1.something. Now its $4.something
No fees there
@@jmoney2535 well now there isn't fees for sellers now there is fees for buyers which makes buyers offer almost half of asking price when they only getting charge around 1.something more in fees for $16-$17 items
You're always a wealth of knowledge! 😊 Appreciate your videos.
ReSellers need to stick together. We've had a few fuss about shipping or a handling charge only to find out they are a reseller as well. Remember if you are that way, we're all on the same team and do not belittle & lowball another reseller. Some people have been here lately & kindness goes a long way.10 cents is not huge overall, work it in your price. Have fun and don't give up.
This is why I charge a handling fee on every sale. It will cover this increase and generally the cost of shipping materials. New listings will have the handling fee increased 13 cents. Pass it on to the buyer. Currently charge an 85 cent handling fee but will increase up to a dollar. Some may think this will effect sales but I don't need to get every possible sale I might get and am happy with what I make on eBay without stressing about optimization of income.
If you buy on most Auction sites they have anywhere for a $3 to $5 handling fee. Sometimes more than that. It depends on the items. A dollar is fair.
Do you ever get feedback complaining about the handling fee?
@simbalantana4572 Never had any message or negative feedback on the handling fee. I think it simply increases the displayed shipping cost and is not shown as a handling fee though not positive. Also, who would complain about 85 cents or a dollar. I think if someone has an issue with it they probably buy from someone else and I don't know it. 100% positive feedback over 20+ years though in that time I had three difficult customers.
Nobody has complained about a handling fee from me, although I just started adding it this year and don’t sell a ton on eBay at the moment.
Ill keep saying it: if your business model cant handle things like a 10 cent cost increase or the cost of a box you need to evaluate your model and source/sell better items. You are working too hard at this to be ok with making $3-6 profit selling mall brand clothes.
Thanks for showing how you ship the floor mats! I was wondering.
Callielovescats here thank you for poster I love it.Its in picture frame already looks great too!
Thank you for all the great info Kevin. I have learned lots from you since I started reselling. Everyone is correct that it won't affect them much individually and won't even notice, its only dollars per month for each seller, however, if you look at ebay as a whole and the amount of transactions daily, which is in the millions, ebay is going to make millions of dollars EVERY DAY from this simple small change to their fees. I am curious what the breaking point would be for sellers on the transaction fee? .50? 1.00? No doubt this will keep going up in the future.
10¢ extra per sale is not gonna kill me, since the majority of my items are more than $10. What I am currently doing is End Item/Sell Similar and reducing my BIN price by 10%. I continue to send Offers to all Watchers, so that has helped sales somewhat.
Ebay knows the date and the significance
The 10 cents is not a too big of a deal but in combination with the higher fees because of the higher postage is what really gets me. I make less on sales when the shipping goes up because having to lower or at least keep the price the same and then pay more fees on the shipping. Just shipped a pair of shoes 2# and they paid $11.50 and that is after setting up giving the buyer a 15% discount.
I would agree Kevin that it would be great if fees and shipping would stay constant for at least a year. We get hit on all fronts with increased costs and at least for me the items are not increasing in price much or having to discount them heavily to get buyers interested.
How much did you pay for shipping 2#? Even if it was to the further Zone 8, then it should've cost you $9.21 via Ground Advantage. Shipping costs for Ground Advantage actually decreased this year, for 12-16 ounces and 0.1-1.0 Cubic packages.
@@pnw-coast yes it was around that cost for me. There is a wide gap now with ground advantage for what the customer pays and what we pay even like I mentioned that I give a 15% discount to the buyer.
@@matprather5833Maybe consider giving buyers your ebay discounted price and adding a handling fee instead of doing the discount method. Or increase the discount percentage.
People will complain about 10 cents and turn around and drive (burning gas) to get a $5 coffee everyday.
eBay gets eyeballs from all over the world on my store. They have global shipping, provide reduced shipping costs, provides a website where I can download reports & numbers. How much more would it cost me to do all this on my own, including advertising? I wouldn’t be able to do it
Good points
Loved playing with Merlin as a kid.
Honestly, there were some things in the update I was glad to see, but mainly I was just glad it wasn't worse.
The death of a thousand cuts😂
My customers will absorb the ten cents & Life goes on
Your so smart.😊 Love being here.😊
If that is the Insertion fee of .30 going to .40? the Basic Store subscription of $21.95 gives you free insertions right now. So I will look over the updates and hopefully that hasn't changed
It's not the insertion fee. It's the per-order transaction fee that the seller pays for each order.
March 15th is my Birthday, its a Great Day not a bad day darn it. BTW i love your channel ❤
I'm sitting here doing drafts and listening to you.
I finally signed up for Whatnot, and am looking forward to watching tonight!
I signed up for it but I don't want to do live auctions I just want to do for sale items and for some reason I can't get my ID to go through and it says it's waiting and I haven't had any updates on it for over a month.
Kevin enjoy seeing you get your sold items pulled for shipping and hearing the backstory on the items. Love your content and Trash to cash podcast as well. Have fun at peaches to beaches sale this weekend. Shout out to Mike when you see him,
PROMOTED LIST: do you have a video on your opinion of promoted listings? 😊
He does not promote. But when I do not promote I sell maybe 2 items a day. When I do promote I sell 4 to 5 items a day. I change my percentage every month from 2 percent to 4 percent maximum. Some say you don't need it but I think they are crazy. It works wonders for my store. That's a fact
I think it's ridiculous that they get a lot more money by letting you promote your items but you can't be on the naughty list and promote your items and then you get on the naughty list even more because you can't sell your items because nobody sees them it's just a lose-lose
What do I think? Pure greed on eBay's part. They just want to make sure they don't short their stockholders by a penny at our expense. Everybody wants to do something in solidarity raise every price over $10 by $0.10 they'll notice it when they start seeing prices of $16.10 and $24.10 and $35.10.
To me 10 cents is chump change. If that's the worst Ebay is doing to us,that's no biggie. U p your price by .25 or .50 and turn it into a win situation for you. If it bothers someone so much.Quit..your choice.
List a extra 20 dollar item each week and it'll cover that and more..... do better on your business and it won't affect you one single bit. If it's that bothersome then your doing something wrong
correct - where else are you going to get the exposure?
hey when those 10 cents add up u will be paying a lot then that is not longer a pocket change or not a biggie
@@lolitabonita08 and for the services ebay provides me with I'm still happy. I've made 400 bucks in sales since my last comment and I've been driving in a car most of that time. 6 sales. 60 cents. Have at it ebay. I think I'll survive
I agree 10 cents isn't that big of a deal. For the amount of eyes I get on my items, it's worth it for me. I have an online jewelery store. The amount of work I have to put in to get a few eyes on my products is insane. It's a small price to pay for a lot less work, that's for sure.
I'll give ebay a pass on the 10 cents - but something funny just happened - I used my quarterly coupon to order some ebay boxes and they sent me the wrong size boxes!
Where do we find this coupon? Thanks
It all adds up, but it’s the cost of doing business. Not a huge deal but definitely something to keep in mind
They needed to not be so greedy on the shipping in the past. They wanted to make as much as they could without anyone thinking or in most cases knowing about it. They could have given us lower shipping costs and still made money on it. Now many have found other alternatives to purchase shipping and it probably got to a point were eBay was losing a lot of business and was pretty noticeable. Greed cost them on this for sure. I try not to ever buy my postage through eBay. Oh yeah don’t even get me started on those return labels everyone purchases. There is more than meets the eye why returns are encouraged.
That is weird as shipping through ebay within Canada is $7.25 at the post/ups/fedex ect starts at $21, to the USA $7.85 anywhere else starts at $17.55 but I live in Northern Ontario and don't have any access to stallion or anything like that.
Ebay needs to work with paypal on the immediate pay for best offer to allow us to choose the pay in four option if the seller accepts our bid.....right now its a pain truing to message sellers asking if they like my offer and if so woukd they send out a price cut offer with that amount for me to accept...but if im not the only watcher....i run the risk of getting beat out which happened recently
Thank you Kevin for ALL the knowledge! 10 cents is fair. When pay increased I knew prices would go up of course corporations always pass along their cost and I figured things would go up 10 cents to 25 cents but corporate greed increased things 1 to 2 dollars or more. So EBAYS 10 cents is fair. Have a fun day!
I for one am shocked that it was only a ten-cent increase. Everything has gone up in cost, electricity, card processing fees, advertising, etc.. All this is stuff eBay pays for, some of which has gone up nearly 30% in the last 3 years. A dime is very reasonable. I have been on eBay since before they were called eBay. I have seen the good times and bad times in selling on the platform and overall the system keeps getting better and better. You just have to be able to tough it through the hard times and you will be ok. Sales of luxury items naturally goes down when the economy is terrible. We are in that phase right now. Weather the storm, don't abandon ship.
Many sellers are saying that their EBAY sales ONLY have dropped off in the past couple months. They are getting very little traffic on their items (even when listed at a lower price). Concurrently, they are getting emails from ebay encouraging them to pay for promoted listings.
Do you pay ebay to promote? If not, do you think they are promoting you because you are a big seller and/or famous among sellers?
I am generally not a conspiracy theorist but but it would be very easy for them to give preferential treatment to the high profile sellers.
Would you be willing to take some identical items and list them under a different account (maybe a family friend on a different IP address) and compare your traffic con the items?
This random no sales crap started sometime around end of Feb-March for us.
Here is a question you have probably answered a million times, what size is your cabin? im looking to move my store out of my house and am considering a portable building. Any advice would be awesome!
12x24
awesome thanks!@@commonwealthflipper
The best thing you can do with the new fee is either increase your ASP and decrease your number of sales (if you intend to keep the same overall earnings), OR, reduce your overall sale price to under $25 total.
Having had a business off eBay that accepted cc and digital currency sales, the .30¢ was something paid across the board on every sale as a “processing fee” from whatever broker charges you for that transaction. Is it raising to .40¢ because that fee is rising for them? I wouldn’t be surprised if any cc sale on or off eBay is rising soon.
I’m also sure the 75 day thing is a way for them to save money on memory and bandwidth. I’m sure we much rather that than them raise rates again, or find a way to charge more for promoted listings. Might be a good sign?
I have a feeling that eBay is shadowbanning my store. I do all my comps so i know that i have good items and i have lots of jeans like Judy blue with zero views and i know the ones i have have over 100 % sell through
I sometimes end my listing and sell similar to keep the algorithm moving. If I can't list a few things a day.
@@tracyhasty6506 this is what i did this morning. I had about 30 listings ending today so i just ended them myself so i can sell similar I am getting frustrated and of course eBay denies ever shadow banning anyone
I just have to work a little harder and probably just absorb the cost Thank you for all you teach the rest of us.😊
Ebay columns are time robbing. People like to browse. To properly set up "Columnization" (I think I invented this word). There was a paper called "Tradin' Times" , that had perfected "Columnization",it was bullet proof. I would like to know if anyone out there remembers this long forgotten weekly paper available at newstands in a lot of states.
Hi hope all is well Ebay has the right to make the changes they want but they said the reason they where going to process payments instead of paypal is so the fees would not go up. So it seems like Ebay lied and that is not cool.
eBay has control of the fees now, whereas before they could not control whether PayPal increased their fees. PayPal fees over the past few years have increased more than this 10-cents per order.
Love your set up!
Where did you get your large brown packing paper, also the pack packing paper holder? I’m looking to get one and I can’t find it on your affiliate links
Everyone should raise their prices on all their items 15 cents.
I hardly make anything the way it is our state charges sales tax nobody wants to buy from a state that has sales tax plus they have more on shipping than some places I don't know how to stay competitive then my sales floor below average and then I'm in trouble again with eBay and then they raise the prices that I'm selling at I'm giving my stuff away the way it is
Got a chuckle out of the date historical info, never would of caught that 😂
I’ll take the 10 cent trade off for forcing buyers to pay, if they actually implement it. Not holding my breath when they’ve been promising it for years. Also kind of throws you off when you read into it that “other buyers will still be able to purchase the item if payment is not issued”… why is that snippet even in there if payment will be required?…
That snippet is a change to the way ebay marks items. Currently, the item becomes "sold" once the buyer clicks Accept Offer, even if they don't end up paying. After the update, the item will not be marked "sold" until the buyer completes the checkout process. They may back out of the payment step and keep shopping, with the item in their cart at the offer price, but the item remains "Active" for other buyers to purchase until that original buyer pays.
I do like your videos and just started doing my own yard sale channel Cash Cow Flipper this year, been on ebay since 1999 and they provide a great selling platform and provide a wide spectrum of buyers so .10 not a killer, Ill eat the cost and they also offer great shipping discounts they negotiated with USPS so that offsets the 10% they charge on combined , would be great if they could keep current pricing but I guess thats just a pipe dream for us
Can you elaborate more on your own yard sale thing so I know how that works please and thank you
Would love to hear about yard sale channel please! 🙏🏻
I left you a comment on your channel@@VintageHart1
The only Ides of March thing eBay should have thought of is "Vehicle", still a seriously hot tune. Immediate payment required when accepting a seller offer? ABOUT TIME; sellers have only wanted it for forever. The extra ten cents on the other hand... let's just say the ducks already nibbled me to death. It's a small amount, but given the steady fee increases it's ridiculous.
How would you sell over 80 figurines (ninja turtles, start trek, hulk, etc)? As bulk or individual lots by similarity?
I'm a small individual seller and I have sold on eBay for about 7 years. When they switched over their policy of paying out I quit selling for a while and then I went back and unfortunately. They say they give you daily payouts and they don't then they say it's your bank's fault and isn't and it could be forever before you get paid and then if somebody asked for a refund they grab it right away so that causes you an overdraft at your bank if you're not prepared. Forget about getting anybody on the phone it's almost impossible to get anybody to help you with anything on your account they give you directions on how to help yourself but you're not paying yourself you're paying eBay for their services which you don't get. As far as I'm concerned their pricing themselves out of business they give you penalties and make you pay higher prices because you had a refund or you couldn't find an item and it hasn't been a year before it's taken off you don't get charged for marketplace Craigslist and a lot of places let go offer up there's a lot of other platforms and they need to consider that not everybody needs eBay.
where do you find these updates: I don't think I have ever saw one
eBay sent an email and it's in the Seller News section of your account's Seller Hub. It's the "Winter Seller Update".
@@pnw-coast I cant seem to locate it. Is it called something other than sellers hub?
Years ago, March 15th was also Income Tax Date.
You have a killer t-shirt collection
Be careful with that Green Meta. My son had the black and the orange and hit many homeruns. The green one he got was hot out of the wrapper but broke after 30 days and the second one he got was completely dead
Awesome gift Kevin.
Kevin, this same title shows up on your channel once a month. I get wanting a topic for every video, but just a what sold would do sometimes
Winter Update: calling a 25% increase in any fee an “adjustment” is an understatement, even if it totals a dime. It’s just another in the constant upward push in the cost of selling on eBay. If I felt I was getting more service or sales, I wouldn’t mind so much, but feel like growth has slowed and eBay is doing less for us, while charging more to do the minimum.
If you’re selling 5000 items a year .10 is insignificant. If you’re worried about the 10 cents you’ve been living under a rock with the steady inflation thats been going one. No one is defending ebay but look at the state of the economy. Things are going to get worse before they get better. Source more and sell more and stay one step ahead.
I sell at a local auction house they take 35 percent and I still make enough to keep rolling it’s just the cost of doing business I also sell on been there since 04 always made money so if 10 cents stops someone there just in the wrong business
I love how youtube viewers buy from you and then leave positive comments here later. I can only hope that my ebay store and youtube channel get to this same point one day 🤔🤞
Is resale Sustainable?
Are cost to be a reseller increasing faster than profits?
If the fee of a sale exceeds the profit margin for a sale you will lose money.
I believe it's Sustainable but I dont know how lucrative it will be.
I imagine platforms are looking for the maximum amount they can get out of resellers while maintaining enough resellers to make the maximum amount of money balancing those factors.
If I had 10 vendors paying 10% fees and I increased the fees to 15% but only lost 2 vendors in the process I would then make 20% more money, but if I lost 6 I am losing 10% of my money.
I would much rather have the 10 cent increase per transaction over a % increase on my sales. Compared to other platforms, eBay is still a good value.
@Commonwealth Flipper, Kevin, you mentioned about the "draft" part of a listing and it has been more then a few years since I have sold on eBay and i am now going to get back into it and might just start selling a pretty lot of items. I currently have an item in draft and did not know if they even had that back when I sold a few things years ago. Do you have any video's on just how you go about listing your items on eBay? Thanks for all of your content, I have already learned a lot from you.
What's the advantage of having a eBay store vs not? Besides amount of items
Thanks for this video
This is the second time I'm watching your video and to answer your last question, I'm so new at eBay selling and so dumb at everything I'm being charged/eBay fees, I'm going to keep selling. Nobody likes a quitter, right? BUT eBay sure is putting a damper on Go big or go home!! I got this, right!?
they charge seller fees on state taxes paid as well... there seriously should be a law against that... i'm waiting for the class-action
Have you ever gotten a payment from a class-action suit? I have. It was 42 cents. Class-action suits don't actually accomplish much.
Same here! Those taxes should not show up in our total sales dollars nor should we be paying fees on them.
Your comment right there is dead on accurate I have been saying this for almost 2 years that there needs to be a whistleblower to the IRS because what they are doing is illegal. They are literally charging us 20% or more on top of the sales tax that we are never seeing that money we are being robbed and charged for that. That has to be illegal
I just want to point out to everybody that somebody does need to call out eBay for getting 20% more money because of our promoted listings on the sales tax and that has to be illegal. A lot of us need to get together and be whistleblowers and tell the IRS
@@philcastora6564
Yeah, I'm sure the thousand lawyers that work for eBay didn't check to see if that was legal. 😂
In regards to eBay fees, if it's not cockroaches, it's piss ants everyday. JUST A SOUTHERN THING!
The orange Meta is a better bat than the Green Meta (they changed inner technology) the green meta is pretty fragile. Save for games and use the orange for practice it’s a stronger bat
I do appreciate tearapeak going out to 3 years now.
This change certainly impacts certain categories more than others. The card community (sports cards, pokemon, etc.) will be hard hit and that community has had many in my sphere say "I just can't make it work anymore on eBay". The problem is the margins are so small in the trading card eBay business that you need to do a large volume of sales. The $.10 per item increase is large because as in all things eBay, they have already squeezed as much of a percentage as they can out of sellers in every way possible. $10 or less sounds like a "good" option to leave alone, but once you throw in the shipping and tax portion you hit $10 very quickly. So say shipping/tax is $5 this essentially only exempts items that buyers pay less than $5 a piece on. Trading cards selling in the $5-20 range are such an incredibly large section of that market that sellers are finally throwing their hands up and saying, enough. eBay has every reason to be concerned that the trading card sector will leave because of this. At the end of the day, there is really only so much a business can squeeze out of every transaction before the seller just can't pay their bills.
If the bulk of your income was coming from card sales, you might as well just scrap metal for a living... you'd make more.
If a 10 cent increase in fees is going to make you quit ebay, I think reselling online is not for you. Source better stuff.
Drafts were already 75 days!!!
It used to be 75 days from Create date. The change is to be 75 days from Last Update date.
Any time i updated drafts the 75 days started all over, at least that is the case with mine.@@pnw-coast
@@pnw-coast mine always went back to 75 days after making an update
Raising a fee by 10 cents? Okay. What really grinds my gears though is collecting sales tax "for us" and then charging FVF on that sales tax collected. Its absolutely outrageous.
I agree. Feels illegal.
what is killing the resell world, specially in ebay...is high shipping cost, plus the highway robbery of collecting a fee with shipping and taxes...i do not think that collecting "an overall" fee including the taxes is lawful..
They've been charging it for 10 years with no issues. Do you really think the thousand lawyers that work for eBay didn't check to see if it was lawful before doing it?
I do not think that anyone that does not care to pay what ebay tell them to pay will catch that "small" issue. Any platform can collect taxes in the name of our beloved uncle Sam, but NO ONE can charge a fee over taxes...they can collect fees in anything u sell, include the insurance fee, the shipping fee, the grandma fee and any other fee that they can think off...but fees over taxing...no, that is a nono...@@WellnessWizdom
@@lolitabonita08PayPal charges the fee on sales tax as well. PP calculates their processing fee on TOTAL amount, including sales tax, so you are mistaken if you think eBay is the only one charging this.
eBay used to make the seller figure out the tax depending upon where the buyer was, send it to the specific states at the end of the year and it was hell! I’m pretty sure 90% of sellers got it all wrong so that is why eBay took over doing it.
sadly u have the wrong info...the taxes were collected ONLY for the state u had your buss on...that is if you sold a pair of shoes u had to charge the taxes according with your state....Now, uncle sam greedy uncle , want to be sure that his pockets get fatter and have ebay collect all the taxes on his name regardles of the point of sale....that is...sold shoes to a buyer from Arizona...ebay charges the tax according with the arizona tax charges. Now, charging a fee on top of the taxes they collect is illegal...@@ypcomchic
So what items are considered a pre-order for that extra 10 cents?
Did u get a Notification about an increase because I don’t see any notifications from eBay?
It is in the winter seller update.
You got the meta!
Oh no. Not another update!
So of course this is tax time, and fresh on my mind is why we paid ebay last year. Just us one small seller it was over 56k. Now they want .10c more for each transaction so thats another 20k sales x .10c 2,000 more. This on top of other major increases we have this year. So it goes without saying we are not paying it! These increases must be passed on to the buyers.
One thing I have learned is just how few people are involved in the actual running of ebay it is no where near what you would think. So you would expect them to be able to hold costs down, and that just does not seem to be the case.
I do hope ebay Live will really help bring many more buyers to ebay as they are going to drop massive amounts of money promoting it once Beta phase is over. We ran our first test 20 minute stream and we did see sales from it. So excited that ebay may have new life coming to it. But also fear they will somehow want more money in the end once again.
Hello
Over 2,000 in purchases and some doll sales. I'm from the group that used Amscott money orders in the beginning, so bear with me. I just purchased a doll from Washington State. I'm from Florida and paid 30.00 or so in tax. Who really gets this money and why now?
Thank you for those in the know.
You mentioned you use your phone primarily for listing what kind of phone do you have and what year is it
YES it's NOT sold if it's been cancelled eBay !! finally !!!
Unfortunately the IRS is currently devising a plan to create On-Line Business Licenses. Anyone selling on-line in any way, shape or form will be required to have them, and they won’t be cheap!!
I have not heard this
What is trappers?
Not bad compared to the last several updates
Do u buy vhs. If so do u have a list . Thank you for your time
You mentioned you use your phone primarily to list items what kind of phone do you have?
@12:21 = $2 ... Sooooooo pretend you are spending $2 PER DAY x 30 days in a month. That's $60, which is about what I pay for my Ebay "store". Pretty crafty way to DOUBLE the store cost, but leave the price of having a store the same.
EBAY I sold something in December it arrived broken I didn’t want it back told them don’t charge me for return label just refund customer they charged me anyway I received the return I threw it away wasted money now this morning they charged me again for return label. Telling me I didn’t pay for. So how did the buyer use a eBay return label to send it back and yes I was charged then and now again they took my money I’m so upset
21:11 OMG! Merlin was my favorite game as a kid and I still have mine! I'm not sure I'll ever part with Merlin, is a matter of fact, he is the longest "relationship" I've ever had...the longest years I've had a "man" in my life!! 😂😂😂
Do the count sales tax with that $10?
Another Great video 👍🏻
Kevin….when you end ALL your items on EBay…does that mean all or do you leave at least one item active?
I have never removed every single listing