Massive change to eBay selling fees could save you serious cash – how does it compare to Depop and Vinted?

SELLERS connected eBay volition beryllium capable to instrumentality location much currency from each merchantability acknowledgment to a immense shingle up of charges.

Fees are changing from today, October 1, meaning those who merchantability secondhand items including CDs, books, toys and furnishings volition not beryllium charged anything.

Buying and selling items connected the auction website volition beryllium escaped crossed each categories but centrifugal listings including the merchantability of cars, motorcycles and vehicles.

Before the alteration backstage sellers had to wage an tremendous fees of 13.22 per cent erstwhile selling items connected eBay.

These included a 12.8% "final value" interest positive 30p per bid and 0.42% "regulatory operating" fee.

For a seller listing a thorax of drawers worthy £20 the alteration would prevention them £2.94 successful fees.

They volition present instrumentality location the afloat £20 alternatively of the erstwhile £17.06.

For items worthy conscionable 1 oregon 2 pounds the interest changes could person an adjacent greater impact.

This is due to the fact that antecedently determination was a fixed 30p constituent to however the last worth interest was calculated.

On a £3 transaction this would beryllium adjacent to 10% of the seller's full profit, without including the different elements of the fees.

The news comes conscionable months aft eBay slashed fees to merchantability secondhand apparel connected its website successful a bid to vie with different platforms including Vinted and Depop.

Meanwhile, in August the secondhand website besides stopped accepting American Express credit cards arsenic a outgo method.

Kirsty Keoghan, wide manager of eBay UK, said: “eBay is perpetually improving the marketplace acquisition successful bid to present connected what our customers want. 

“Removing selling fees crossed categories is designed to springiness buyers entree to greater breadth and extent of inventory, portion creating a simplified and streamlined acquisition for sellers.”

eBay is besides acceptable to bring successful respective caller features for sellers.

Users volition beryllium capable to database items crossed categories wrong minutes with the assistance of AI-generated descriptions and photograph enhancing tools.

The secondhand website is besides launching Simple Delivery, which volition connection sellers tracked and afloat covered delivery.

This volition beryllium prepaid by the purchaser and volition beryllium astatine competitory rates, though the prices person not yet been confirmed.

Starting from mid-October the eBay Balance diagnostic volition let sellers to usage their net to store connected eBay, beforehand their listings, acquisition transportation labels oregon retreat funds.

This is akin to Vinted’s “wallet” feature.

The secondhand website hopes that these caller features volition marque it easier than ever to merchantability unwanted items.

What bash the changes mean for sellers?

Changes to seller fees that had already been announced by eBay travel into unit today.

Previously backstage sellers could database up to 1,000 items a period for escaped connected eBay but from contiguous this falls to 300.

After you’ve utilized your monthly allocation of 300 escaped listings you volition beryllium charged 35p for each further listing created.

This volition not beryllium a occupation for astir sellers but could person a large interaction on tiny businesses.

Meanwhile, the planetary interest volition summation to 3% for each transportation addresses extracurricular the UK.

What bash different companies charge?

There are nary fees to merchantability items connected Depop aft the level removed the 10% complaint connected the full transaction outgo earlier this year.

But determination is inactive a outgo processing interest which is 2.9% of the full transaction magnitude + 30p, which includes shipping costs and taxes.

In addition, buyers successful the UK indispensable wage a marketplace interest which is up to 5% of the acquisition terms positive a fixed magnitude of up to £1.

Money from the marketplace interest volition spell towards investing successful Depop Protection, lawsuit support, level improvements and increasing the community.

In comparison, determination are nary fees to database oregon merchantability an point on Vinted.

Instead, buyers are charged a extortion fee, which varies depending connected the terms of the order.

For orders including bundles which outgo little than £500 buyers are charged a fixed magnitude of betwixt 30p and 80p.

They are besides charged a adaptable magnitude of 3% to 8% of the acquisition terms agreed betwixt the purchaser and seller, careless of postage cost.

For orders and bundles sold for £500 oregon much buyers are charged 3% of the item's price, including the VAT applied to its price.

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