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Home Business

Selling fees on eBay scrapped in boost to reselling

by wireopedia memeber
October 1, 2024
in Business, Finance
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Selling fees on eBay scrapped in boost to reselling
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Bosses at eBay have scrapped fees for private sellers across most categories.

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The online marketplace, which had already removed such fees for fashion earlier this year amid increasing competition from rival sites such as Depop and Vinted, said the move should boost reselling and the customer experience at the same time.

It means sellers no longer have to pay final value or regulatory operating fees on items except for cars, motorcycles, and other vehicles on the platform.

Money latest:
Tipping rule changes now in effect – what’s changed?

The site, which trails only Amazon in terms of customer visits in the UK, was under pressure to introduce the change as Facebook Marketplace and Vinted are among competitors which don’t charge people to do transactions.

Keep up with all the latest news from the UK and around the world by following Sky News

eBay said the removal of seller fees for fashion in April had already led to a double-digit increase in listings for popular items such as jeans, shirts, and dresses, while keeping items out of landfill.

It said the removal of fees across its German website last year had led to a doubling in new seller numbers.

Money blog: eBay scraps almost all seller fees

New Post Office scandal report sparks call for ‘fast action’ as software is compared to Horizon

How the end of coal in the UK and closure of Port Talbot steelworks are related

A survey for the company, carried out in August, found that 56% of people in the UK sell items they no longer use to make money, with 23% selling products to fund new items.

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Read more from Sky News:
Post Office scandal report sparks call for ‘fast action’
How the end of coal and steelworks closure in UK are linked

The poll suggested an estimated 294 million unused items across the UK could generate £9bn in resale income.

Kirsty Keoghan, eBay’s UK general manager, said: “eBay is constantly improving the marketplace experience in order to deliver on what our customers want.

“Removing selling fees across categories is designed to give buyers access to greater breadth and depth of inventory, while creating a simplified and streamlined experience for sellers.”

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