eBay has recently announced that it will be cutting listing fees up to 50 percent this month. The company, which was started in 1995 by Pierre Omidyar, has been facing tough competition from other online merchants like Amazon.com, resulting in flattening growth. To balance the fee cut, eBay will also be raising commissions on items for sale or trade.The largest commission increase will be on items listed for under twenty-five dollars. eBay will now collect 8.75 percent of the final sell price. With changes like this, you’ll want to be careful how you value collectibles you are looking to sell.
Another change the site is making is removing the ability of sellers to rate buyers. This has caused quite a stir, because sellers feel that they no longer have a voice against unscrupulous buyers. eBay has responded by making it easier for sellers to take action against buyers who do not pay, and feels that removing the possible negativity of bickering buyers and sellers will improve the site for all involved.
eBay, UK and Germany will also soon have pricing changes. Hopefully, eBay’s new system and new CEO will make the site even better for people looking to buy an antique toy, or research the latest comic prices.
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