BREAKING NEWS!!!!
PAY PAL TO INTRODUCE A CHEAPER WAY FOR BUSINESSES
TO HANDLE ONLINE TRANSACTIONS LESS THAN $10. USD!!
Article in the TORONTO STAR March 17, 2010: Pay Pal Inc, the payment processor owned by eBay Inc, plans to introduce a cheaper way for businesses to handle online transactions that are less than $10 USD. Pay Pal will let companies accumulate so-called "micro-payments" until a certain volume is reached, at which point Pay Pal will charge merchants a SINGLE PROCESSING FEE!! This new plan is slated to roll out later this year. Currently, fees make up a high percentage of the value of small transactions, reducing profit. Changing this fee structure will let merchants sell these low-priced goods more profitably. Pay Pal is still finalizing the development of this new business model. Pay Pal's current standard fee for processing a transaction is about 3 percent PLUS a flat rate of .30 cents. For transactions less than $10 it charges 5 percent plus .05 cents. Under the new aggregation model, Pay Pal would not charge the merchant until consumers bought a certain number of low value items, thereby reducing the percentage of the transaction the merchant is charged. Details are still being worked out on how many goods must be purchased before it charges the merchant and how long it will give the merchant to aggregate purchases before a fee is levied. By reducing the cost of micro-transactions for businesses, Pay Pal aims to help the market expand more quickly by making these transactions more attractive. STAY TUNED!!
What this FORMAT CHANGE means to Buyers
February 10, 2010
Buyers will now get a GREATER selection to choose from in their product searches!! All items in an eBay sellers store will also display along with auctions. Buyers will have a bit of a learning curve to understand how to narrow a search if thousands of items show up on their initial inquiry. Keywords are "key" to narrow a search. Greater variety will mean more bargains!
BREAKING NEWS!
January 27, 2010
Announced by eBay.com (USA) and eBay.ca (Canada) on January 26, 2010, a new format for selling to become effective March 30, 2010! New structure, new fees, a whole new way of doing business! This format is already implemented on eBay's UK site. This is a BIG change for North American sellers. It will be even more imperative to maintain a high volume of listings, and an ABOVE AVERAGE performance as judged from feedback from Buyers.
eBay's announcement:
"OUR LOWEST FEES EVER COMING THIS SPRING: FREE AUCTION-STYLE LISTINGS, FIXED PRICE AS LOW AS 3¢
March 30, 2010 will bring eBay's lowest fees ever. Sellers of all sizes will have a range of options for easy selling and maximum profitability. For the vast majority of sellers, the new fee options will bring significant savings with dramatically reduced upfront cost.
* Highlights
* Fee Charts
* Fee Illustrator
* Take Action
* Frequently Asked Questions
Highlights
With eBay's new standard fees you can list Auction-style with a low start price FREE—up to 100 items a month—and pay only if your item sells. Or you can choose one of the new eBay Stores subscription packages and list in Fixed Price with full search exposure for as low as 3¢ and in Auction-style at a significantly discounted rate.
Also starting March 30, there will be one Fixed Price format on eBay. Listings in the current Stores Inventory Format will automatically become regular Fixed Price listings with the same duration and appear with all other Fixed Price listings in eBay search results.
Subscribe or upgrade your Store now and pay no additional monthly subscription fees until April 2010!
NEW STANDARD FEES
List Auction-style FREE with a low start price—pay only if your item sells.
* NO Insertion Fees for Auction-style listings when you list your item with a start price under $1—up to 100 listings per month. Pay only if your item sells.
* New low Insertion Fees when you list your item with a start price of $1 or more
* One easy Final Value Fee of 9% of the winning bid—and never more than $50—regardless of your start price or final selling price.
* 50¢ Insertion Fee for Fixed Price with Final Value Fees for the most part staying the same.
With no or low Insertion Fees for Auction-style listings—plus the fact that Auction-style listings get an automatic boost in search results when they're about to end—the new standard rates are a great value if you sell occasionally or sell to earn extra cash.
NEW EBAY STORES SUBSCRIPTION PACKAGES
List in Fixed Price with full search exposure as low as 3¢
* Insertion Fees as low as 3¢ for Fixed Price listings with full exposure in search results
* Fixed Price Final Value Fees for the most part staying the same
* New low Auction-style Insertion Fees
* Auction-style Final Value Fees significantly reduced over the new standard rate
* FREE pictures—up to 12 per listing
* FREE Selling Manager Pro with Premium and Anchor subscriptions
* Plus all the other great marketing tools you get with an eBay Stores subscription, including your own customizable store front and Markdown Manager.
Choose the package that's right for you. Sign up now, before February 16, and pay no additional monthly fee until April!
* BASIC: 20¢ Fixed Price Insertion Fees, $15.95/month
Consider a Basic Store if you list more than 50 Fixed Price or Auction-style items a month. It's a great starter package if you plan to start an eBay business or ramp up your selling.
* PREMIUM: 5¢ Fixed Price Insertion Fees, $49.95/month
Great choice for higher volume sellers (more than 250 items per month) and sellers listing in both Auction-style and Fixed Price formats.
* ANCHOR: 3¢ Fixed Price Insertion Fees, $299.95/month
Get the same great deal as the old Store Inventory format-now with full exposure in search results! With an Anchor Store subscription, higher volume sellers get top savings and the lowest package rates on eBay.
See fee charts for details.
Use the Fee Illustrator to help you decide.
NOTE: Starting in March, meeting the new minimum performance standard for all sellers will be a requirement for Premium and Anchor subscribers.
One Fixed Price listing format
Starting March 30, eBay will offer one Fixed Price format with full search exposure. Existing Store Inventory Format listings will automatically become regular Fixed Price listings with their original duration at the new fees included with your Stores subscription package. Get more information about what you can do now to prepare for this change.
Sign up now
Subscribe or upgrade your Store now and pay no additional monthly subscription fees until April 2010!
Fee Charts
eBay fees as of March 30, 2010
Standard Fees—Auction-style Listings
Starting Price Insertion Fees
$0.01–$0.99 FREE!*
$1.00–$9.99 $0.25
$10.00–$24.99 $0.50
$25.00–$49.99 $0.75
$50.00–$199.99 $1.00
$200+ $2.00
Selling Price Final Value Fee
Item not sold No Fee
$0.01 and above 9% ($50 cap)
*Up to 100 each month"
