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 ARCHIVED TOPIC: eBay costs too high


Please note this is an archived topic, so it is locked and unable to be replied to. You may, however, start a new topic and refer to this topic with a link: http://www.banjohangout.org/archive/395232

laguna21dc - Posted - 01/18/2024:  16:10:36


Can’t believe the cost to sell on eBay Does their selling cost seem reasonable to you guys or am I just out to lunch on this one?


Edited by - Bill Rogers on 01/18/2024 20:32:35

NotABanjoYoda - Posted - 01/18/2024:  16:29:02


I recently started liquidating junk buildup on ebay. For most things ebay charges about 15%. Pretty high. For me, Its the best and easiest way to get rid of stuff and recoup some value....but I dont see how anyone but chinese drop shippers can make a living there.

ON THE OTHER HAND, I TREAT IT LIKE A BUSINESS. Since I lose money on every item I sell it gives me a loss to counter some of my gains in my real business. A backfire from the IRS reporting reqs on used items.

YMMV

bigspike - Posted - 01/18/2024:  16:34:36


Another cost to deal with is paying taxes at the end of the year on everything reported to the State and Federal Governments. This is getting really expensive on us all and Ebay reports all sales as required now.

Old Hickory - Posted - 01/18/2024:  17:02:15


quote:

Originally posted by NotABanjoYoda

I recently started liquidating junk buildup on ebay. For most things ebay charges about 15%. 






Wow. Is that what it is these days?



I haven't sold there in I forget how many years.



First decade this century I sold a lot when I was buying and selling  Fender bass parts and other musical items.  I think during that stretch is when listing fees went away and listings became free -- all fees were on the back end.



Thanks for the update.

NotABanjoYoda - Posted - 01/18/2024:  17:29:24


quote:

Originally posted by Old Hickory

quote:

Originally posted by NotABanjoYoda

I recently started liquidating junk buildup on ebay. For most things ebay charges about 15%. 






Wow. Is that what it is these days?



I haven't sold there in I forget how many years.



First decade this century I sold a lot when I was buying and selling  Fender bass parts and other musical items.  I think during that stretch is when listing fees went away and listings became free -- all fees were on the back end.



Thanks for the update.






Its even worse.  That 15% is taken from your gross including shipping!

Old Hickory - Posted - 01/18/2024:  19:25:03


quote:

Originally posted by NotABanjoYoda

 


Its even worse.  That 15% is taken from your gross including shipping!






Yes. I remember the previous fees, whatever their percentage, applying to the shipping. And also PayPal fees applying to the gross. I took the fees in stride, and accepted them as a cost of finding me buyers. Still less than consignment fees. However, I tried to charge shipping at more than my actual or anticipated charges. If the buyer is paying shipping, it's only fair for the seller to receive enough money to pay for all the shipping.



Anyway, if I ever sell on eBay again I'll go into it know the fees have increased.

laguna21dc - Posted - 01/18/2024:  20:06:31


I guess it’s not just me, I was reading all the info on fees and thought I had misunderstood probably better to have a garage sale and give most of my stuff away. I hate to dismantle my old banjos to sell them in pieces but it seems like a complete vintage tenor is not worth selling after fees and shipping cost . Anyway if anyone is interested in my stuff try to go through bho . I used to use PayPal and eBay but it seems like everyone makes money on my stuff but me


Edited by - laguna21dc on 01/18/2024 20:09:26

Bill Rogers - Posted - 01/18/2024:  20:37:44


eBay made the decision years ago to put the squeeze on individual and small sellers in favor of commercial operations that can write off fees. The IRS has found away to collect taxes that have always been owed, but usually not paid. Life in the big city I guess.

NotABanjoYoda - Posted - 01/18/2024:  20:52:29


Ebay has opened up a huge door for a new auction site for people that want to sell used items.

I suggest

theoriginalebay.nocorporations

Culloden - Posted - 01/18/2024:  21:31:36


One thing I take issue with is that eBay charges sales tax on the total amount which means that they charge sales tax on shipping. I thought sales tax could only be charged on the amount of the item. Shipping should not be taxable. But I can't find a way to contact eBay about it.

Zachary Hoyt - Posted - 01/19/2024:  07:45:29


eBay had to go to charging fees and tax on shipping because people were abusing the system. Back a number of years ago you would see lots of listings for a 99 cent item with $400 shipping, for instance, as a way for the seller to avoid paying fees.

PKM - Posted - 01/19/2024:  08:01:12


I am so glad to read this post ! I thought i was the only one or doing something wrong. Yes 15%, and as NotABanjoYoda points out, thats 15$ of the total including shipping,... and shipping has gone through the roof too !

It gets even worse: I recently sold an instrument on Ebay, but before I list it, I got quotes from 2 pack & ship stores. The quotes were between $125 & $175 depending on location, of course. When I listed it on Ebay, the shipping was automatically set to $55 !
And when I went to set my actual shipping cost it wouldn't let me put that amount in !
The instrument sold (shipping included ) for $825. After the transaction, Ebay paid me $705. So, after shipping, I got $582 for an instrument worth easily $800.

So, how do we sell ? GraigsList has gotten dangerous, ( you better carry when meeting someone ). The Hangout is best, but not for non-banjo stuff. A friend has had best luck with Facebook Market place, and I've started listing there.

laguna21dc - Posted - 01/19/2024:  19:14:50


I am not fimliar with how to use face book . I did try it out but hot friends request for thousands of people I never heard of and so I stopped . Is the site the same one for selling ?

fotoguzzi - Posted - 01/19/2024:  20:24:44


On the other hand vehicle selling is very friendly. They don’t collect a selling fee. I sold a motorcycle for the full cost of $19..
So vehicle are charged a flat fee. You can upgrade to a more advertised auction for like $59. Still no selling fee.
I made $4981.00 on the sale. The buyer is sending a shipper to pick it up.

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