The True Cost Of Ebay, Shocking !!!!
ฝัง
- เผยแพร่เมื่อ 7 ก.ย. 2024
- Welcome to my film , Shocking True Cost Of Ebay. I made today after I sold a gold coin on eBay and was really shocked and disgusted at how much it cost me. So I have made this to make you aware of the true cost of selling on eBay. I look at the cost of private sellers and business sellers on eBay and show you the paypal cost also. EBay is a very good place to sell but please make sure you understand the costs involved or you could end up losing a lot of money. many resellers ask the question should they open a business account or stay on a private account, well this film shows how ebay penalise you for being a business, they offer so much for private sellers and it is so much cheaper to sell if your a private seller that it almost begs the question is it worth having a business account at all with them.
Donate Here, paypal.me/Anti...
If you haven’t already subscribed
www.youtube.co...
Should you wish to view some of the items from my films you can visit my eBay store at the following link. www.ebay.co.uk...
Thank you for watching, If you enjoy my films please would you like and share to help me create more, My Content is free however should you wish to donate to support my channel please find a Paypal Icon in the Banner and a link at the end of the description. If you decide to support the channel , leave a comment I will give your channel a shout out.
Should You Wish to Donate / Support my channel there is a paypal icon in the banner or you can click on this link. Thank you.
fantastic content Antiquesarena. I crushed that thumbs up on your video. Keep on up the good work.
Ebay do charge a lot but no other online auction site has as many customers worldwide , also very quick for selling , they basically have sellers over a barrel , but if you dont use them its hard to keep a reselling business going.....
Hi thank you for your comment. I agree with you fully. eBay get the results eventually and are very expensive but atm we have no choice as soon as a competitor comes along with the prices tumble.
In general your overall costs are approx 15% + and that includes Ebay and Paypal and if your sales are less then it can go to approx 19 % . It is very expensive but about the same as any general auction fees .
If you you go to sellers hub in the traffic section and click on that it will give you a full brake down of all the costs for your overall sales for 31 days which gives you the best idea of how much it really costs and add on your own costs of business . The true fact is that its very expensive but it seems we have little choice but to be on it
Hi thank you very much for your comment and help. My costs average at 22 percent. It is very high but as you say we have no choice. Necessary evil lol
Thanks for the video, Walter. I certainly have my own frustrations with Ebay, but I feel their fees are reasonable for the worldwide selling platform that they are offering. I also have a Basic level store here in the US and there are enough advantages to make it worthwhile for me. For example, I get a pretty decent discount on most of my shipping costs. Plus, I like the convenience of having all my items in one 'store' and being able to put the store on vacation, or change the handling time etc. I agree with you that sellers without stores do seem to get a lot more free listing promotions than business sellers, but that may be changing slowly. I've started to get some 4-day 500 free additional listing promotions recently - so I just end a bunch of listings early and relist them for free so I don't have to pay the extra 25c per listing over my allotment of 250 listings.
Congratulations on the coin sale, my friend! Very nice to pick that up for melt value! You deserve it.
Thank you very much Tbh I made the film to answer the question of a lot of resellers who keep asking if they should open a business account. I am not happy with the fees tbh but accepted them long time ago. I don’t like that they charge percentage on postage and that they reward private sellers. They are the o my company in world who don’t offer discount for business even Royal Mail send parcels cheaper for business compared to public as they know we are gonna send loads. eBay should be same we pay hundred each month and we are not going anywhere unlike the public who may list one or two and leave. But I will admit there isn’t another site that gets same results as eBay.
dunno if you guys cares but if you are stoned like me during the covid times you can stream pretty much all of the new movies on Instaflixxer. Been binge watching with my brother for the last couple of months :)
@Elliott Bodie definitely, I've been using Instaflixxer for months myself :D
I think 10% is fair as a commision but as you point out all the other charges add up quickly! The PayPal fees are horrific for simply processing money and the monopoly they have means we have no choice. The other fees I strongly disagree with is the commission on postage its truly disgusting and pushes up the cost for customers.
Hi thank you for your comment. The main point of this film is to show sellers to stay on a private account as long as possible. But it’s not really fair to let private sell cheaper than a business. With any other company you get discount for bulk not penalties. I sell through Christie’s in London for ten percent and they do lots more for their money.
Wow I didn't even know eBay was charging me 10% on the shipping charge, how crooked is that!? I am also promoting all of my fixed price items, so they are making a good chunk of my money for that too! I like listing my things on eBay because I know it is one of the largest selling platforms, but they sure are making their money off of us! This was a very interesting topic Edward♥ Thank you love! XX♥
Hi Dorothy thank you for your comment love. I think it’s disgusting they charge on the postage. And it’s not to protect buyers as there are postage caps in place. eBay make billions each year and sellers struggle.
you are a businessman. you run a business. all business expenses get passed to customers. it's how it all works. you buy cheap from carboots and sell for many times the buy price. I don't hear you moaning about you buy for £2 and sell for £20.eBay is a business making money. if you don't like it then don't list or put 15% on all your listings to cover the costs. really is simple. I can't really see the point of this video..... all this said with respect and it is my opinion.
Hi jace. Thank you for your comment and opinion. I have no problem with you giving your opinion. Yes you are right it’s up to me to accept ebays fees or not. And yes I take large profits on my sales thank god. Not everyone does mind. However this film was made because when the Facebook group tat chat existed there were a lot of people who didn’t know wether to go business account or stay private sellers and this film was done to show that eBay reward private sellers with no fees and max 1 pound selling fee while businesses pay when you add it all up 20 percent of their take eBay is the only company who don’t reward bulk I am lucky I buy from car boot sales but most of the people who were on the tat chat used auctions or charity shops and worked on small margines. And after eBay fees were not making a profit. So the point of the film is to make people aware of the true costs and they can decide then to accept or not.
I've stopped selling on ebay for theses reasons, daylight robbery!! We put alot of work into a listing where a auction house does it pretty much all for you, also some are connected online giving you world access to potential buyers. The only down fall I can see its limited to certain days. Where ebay is 24/7 if its buy it now ect.
Pastseeker I totally agree with you down side is there isn’t another as good as eBay and my business needs the turn over
@@AntiquesArena but saying that, maybe something to look into as fees maybe negotiable at a auction house if you are a regular seller?. Just make sure that the auction house has online bidding system to maximise exposure. 👍
Pastseeker I used to sell with auctions. I was on trade rate with dreweate neat and Christie’s but found they took the mick wanting stuff in for less and less till they wanted to offer stuff for less that I would buy it some times. All they cared about was a sale and commission and it the price went up ok if it didn’t they were ok. So don’t sell on them any more.
@@AntiquesArena That sucks, sorry to hear your misfortune with the Auction house. I was selling on ebay but had the misfortune of being scammed over some border of fine arts pieces I was selling. so the high fees and to many opportunists scammers who swap or penalise you for the description. Just to get money off or refund. Don't get me wrong I'm all for a genuine accident by post ect.. but when you know 99% that you packed and describe the item best you can. I been looking into a reliable and cost effective method of selling and thought about the auction houses ect.. But what you have told me, its probably best way to go even with the losses. Runt over lol.. Would it be possible to see a video on how to clean antiques? Been watching your videos and has inspired me into get selling again 🙂 so thank you for all the youtube content very helpful and informative.
I sold 720 quid. EBay charged me 78 quid I payed pay pall 47 quid. I paid more postage.. Its not worth all the hassle.
Hi love the videos .... some advice on selling on ebay in uk.... I have 8 ebay accounts linked to one paypal .... what I do is every 2 weeks on hotukdeals they have an offer when you except it gives you a 100 listing max sell for £1 so if you had sold that coin using this fees £1 thats it.... get rid of your shop and create a normal ebay account like I said you can create 8 accounts.... you will save a fortune.... If you look on hotukdeals search ebay £1 an offers on their now for private sellers.... All the best Nigel
Hi Nigel. Thank you for you comment and advice. I have tried to open private accounts and they link the IP address and tell em they have to be business but I am sure others will read your comment and open many accounts and do as you suggested. Thank you
@@AntiquesArena That is a shame if that was me I would ring my service provider and ask them to change my ip address if they refused I would change service providers then I would get my wife son daughter to open up ebay accounts and new paypal...... The costs are ridiculous especially when you compare them to other ways of selling, alot of people I know keep saying how good marketplace on facebook is I havent tried myself yet but will have a look.... Regards Nigel ps loved the video the other day re grogg never seen these before or heard of them its all about new knowledge :)
Thank you very much mate.
when you said gold coin i laughed because you sound irish
i owe this man an apology i was out of order i had been drinking so sorry antiguesarena. i really enjoy your videos
Hi nick. It’s all good mate no apology needed. But thank you
Hi nick. It’s all good mate no apology needed. But thank you
I have ebay futured shop cold fashion4nation and other private account where I sell all variety of items. When I hit cap on my shop I start listing on my private account, and yes that sounds unfair where you pay for shop fee all transaction have same a private fee nut you have few only shop to use options and for some shop they are useful. You have right on all but ebay protect his income by charging for postage 10%, some people, days ago, make fixt price for item worth £10 on level £1 and pay fee just from £1 and postage on £9, they have profit from £10 and ebay fee from £1. ebay is private company and they have right to do it, and you and I agree to that extortion :). I personally calculate my income by deduct 25% from final value and in my experience is about right amount.
The reason eBay charge a fee which includes Postage is because of slippery greedy sellers years ago. People would list an expensive item for £1 and charge £100 postage, because postage didn’t attract fees back then. So people F##k it up with their greed
My guess is there are a lot more private sellers than business sellers and if eBay can get those to list more with free listings, they will make more money when they sell, knowing that business sellers have to pay to anyway.
It’s more mate they know there isn’t a competitor who can match them and they know us sellers got no choice
Hi M. Walter, Love all your Videos, you are absolutely correct, compared to any other selling platform Ebay is the most expensive platform there is. The Private seller is at a distinct advantage but even then, it is overly expensive for them too in my opinion. What is Ebays total cost for selling your items on "concession" " Concession is all Ebay is, and it cost them nothing, all the risk are at the sellers' expense, do they qualify buyers (no)? How many scammers out there stealing from buyers on Ebay? Ever try to communicate with Ebay security? It is practically impossible unless you are very persistent on following ALL leads to get in touch with Security, what happens when you do manage to send Security an e-mail, you get a notification that the link is for law enforcement only. What can local law enforcement do? nothing much except for statistics not like they will travel to some foreign country to arrest anyone, example Nigeria law enforcement does care at all. Ebay should be accountable for allowing the scammers to steal on their site a concession shop would have to pay you for your loss*. Ebay also owns PayPal and 95% of the time take the buyers' side no matter what. Finally, where do scammers visit the most, Ebay of course and they duplicate Ebay and Paypal notifications with their logos and very slight differences, try that with examples McDonald's or Coca Cola and see what happens. ( Ebay and PayPal = 1 entity in reality ). I refuse to allow my selling point to list on Ebay all together, and for now, I get more sells through FB marketplace for FREE and looking into the true cost of selling with Google at this point. Cheers Mate you're awesome! Thanks.
Hi Pierre. Thank you for your comment. I hope others read your comment as it is all true. There are so many scams on eBay and buyers are always sided with We are not even aloud to leave buyers bad fees back any more If I could live with out eBay I would buy have tried many times and failed and they know they have us trapped.
@@AntiquesArena I hope many read my comment, but more importantly, listen to your video and understand Ebay cost Ebay nothing and they make so much money off of our hard work, not theirs. All our costs are neglected by Ebay and PayPal = the same entity and make BILLIONS a year at NO COST to them ever. I certainly hope others will look to alternative sites, especially to research sold Items and add the all the cost including most importantly the shipping scams going on in Ebay.
Thank you very much
Each month i sell stamps for about 1800€ & 2600€ , but i remain with 75% from that amount but starting from last month i give up to PayPal they are too nasty they want the normal 45 cents for each transaction + 4.5 % from the final price of the sale amount , i started to use delaclampe and for the moment I'm very satisfied . I pay nothing as a private seller and for payment i use friendly payment - i recommend delaclampe u can sell everything u can sell on Ebay but without fees
Hiya, A bit of a sting on your fees on your coin :( . Private sellers also sometimes have a listing promotion when they can pay only up to £1.00 final valuation fee on newly listed items. If you can wait to list your item it would be worth considering listing higher priced items as a private seller on these promotion days ( they quite often run for about 4 days over bank holidays etc). Tax wise as long as you submit that into your business accounts as income it should be acceptable.
Hi gill it was a sting but still a sale. I tried having two accounts before and they linked the IP address so can’t do it
I AGREE so if you sell 100 items, and pay £8 to ship each of that item , Ebay will charge you £80 on top of that. You could charge your buyers extra, Unless you offer a Free postage (which is never free, but included) ...Ebay is getting greedy, Why?-because they can.... Some items often eat my entire tape , that's £0.50, plus the label 5p, and bubble wrap, 20p.all times 100 items ..
Hi thank you for your comment. I agree with you totally. Most of what I sell is large fragile and heavy. Takes tape bubble etc and we can’t bill for that. Postage caps are designed to stop abuse so charging us on top is as close to theft as u can legally get.
@@AntiquesArena ...Yep
I personally think the fees are fair, we have to remember they are a business as well and have to make money as well, and they are giving thousands of people a platform for their businesses so I'm happy to give them their fair share. Reverse Prices are optional, and most sellers just use Buy It Now so they don't need to pay that.
Hi George. The main point of today’s film is to show people to stay as a private seller as long as they can before opening a business account. The fees are not fair. I sell through Christie’s for 10 percent and they do all the work not just host my items they deal with the buyers etc but eBay is a necessary evil for our jobs
@@AntiquesArena So what do you think would be fair then?.
Tbh George What I think would be fair would be abolish the theft of charging us ten percent on the postage cost. We don’t make on that It is money to the postal company And if they can allow private sellers free listings and just pay the final fee and have offers then extend them offers to the business sellers. eBay are the only company who don’t reward bulk in the world.
@@AntiquesArena Well ok, I encorporated postage charge in the item price and put free postage on the listing, that way I know how much everything going to cost me, and what I'll end up with. I work out all the costs of every item before I list it so I know what's coming. I don't bother with reserves, they're quite unnecessary in my opinion, I just put a Buy It Now for the price I'm happy to take after all the fees.
I'd recommend, If you do a lot of auctions, start the price at the bare minimum you're happy to accept after fees so you don't have to pay for putting on a reserve price.
Forget and ignore Ebay's recommendation to start it at 99p or whatever the recommended price is for that item because most of the time their advice on pricing is b*ll*cks.
Encorporating Postage in the item price might work well, especially for you because antiques generally cost a lot to post and seeing the extra charge on the listing might put some buyers off.
I think, back in the old days you didn't used to get charged on postage on Ebay. So say for example you wanted to sell something for £20.00 plus £3.99 Postage, you'd only get charged 10% of the £20.00 so £2.00. As oppose to on the whole amount like you do now = £2.00 + £0.40 (£2.40)
So what people were doing is, they were putting the price as £3.99 plus £20 Postage so they were still only getting billed on the item price (10% off £3.99 = £0.40) as oppose to £2.00. Ebay realised this and they were obviously losing hundreds of thousands in revenue so that's why they brought in a final value fee.
If you don't want to do any of the tips I've mentioned, just add ten percent on to the postage price, when customers are spending the amounts they arewith you I'm sure they're not going to notice an extra couple of quid on top.
George I appreciate you trying to help. I been on eBay in one form or another since it was created. I sell between 3 and 5 thousand pounds worth a month. All on buy it now like you. This film wasn’t made to slag eBay off it is a necessary evil. It was made to show the resellers that they should stay on private accounts as long as they can I understand how you are coping with eBay charging for postage etc by adding it to the cost of the item. But that is how you cope with it. That don’t make it right. eBay have the feedback system. Free returns and capped postage charges to protect buyers from over charging on postage. The charge on postage is nothing more than greed and the fact we just incorporated it with our question is scary But truth of the matter is that is all we have done. Learn to absorb it. I didnt make this film to make eBay look bad. All I have done is show the fees and costs and compared business and private rates. If they came off looking bad it’s their own doing but this film was meant to help others understand the true cost of selling on there
Nevertheless eBay did find a buyer for your coin, and you make a very nice profit.....despite all the costs for eBay and PayPal.
Hi frits. They did find me a buyer eBay are a necessary evil. The point of this film is to show people to stay private seller as long as possible
If you are selling so much on Ebay, is your Paypal registered as a business user? If so you can request lower merchant fees. I pay 2.9% + 20p you paid 3.4% + 20p
Hi mate. I am a business account on eBay and PayPal so don’t know why I am not on lower fees. Will look in to that
Could you not have a private seller account as well as your business account to take advantage of free listings etc?
Hi linden. Thank you for your comment. No eBay match the IP address once you go business you can’t go back
How about using a VPN app that hides your IP.
a bit of an eye opener that they do not seem to look after business sellers id hate to sell high price items like vehicles etc what it smells of to me is we know businesses use us regardless lets now chase the casual sellers arse about face if you ask me
Ebay charges for vehicle sales are capped at £250 I think so you'll never pay more than that.
@@georgef822 still got to come from either top or bottom line george and im sure autotrader do not charge that
Problem is Martin they know no one else matches their service so they got us business by the bits as soon as a competitor comes out who is as good watch the prices tumble.
@@AntiquesArena i think it is about time they had some serious competition !
I long for the day one of the competitors can match up to them. What we need is a price war to bring the giant down a bit
yes 13% is what we pay in US...
As a channel average my cost is 18 percent with all the combined fees.
Save yourself a fiver by getting rid of Seller Manager Pro - there's no need for it if you have Seller Hub
Tbh I didn’t know I was paying for it. When I opened my account it was free and included lol but thank you
I sell on a smaller scale but they take 1/4 of what I make.
So your on 25 percent. All I can say to that is ouch that is very high Susan and tbh not fair when private sellers can do same as us for next to no money. Makes it harder for us to compete .
@@AntiquesArena , it is alot but there is a wider audience. I mostly use e-bay to sell a few things to help with medical expenses. I have MS so the drugs are quite costly.
Sending love Susan. It’s not right you should have to sell to pay for medicine Let’s hope for a cheaper and comparable alternative soon.
Sell on Facebook or Instagram my friends do it cost nothing
Agreed, even if you pay for some ads to start with just to get some eyes on your page/followers.
Hi. Thank you for your comment. Tbh I am always looking for new ways to add sales. Between my shop and eBay I don’t get much time for anything else but will have to look in to Facebook selling.
Hi Larry. Thank you for your comment. I will certainly have to have a look in to that
Could you link some the Instagram pages, I haven't seen many people selling on Instagram and want to look in to it.
Your not aloud to put links on eBay