October 1st 2024.
eBay, the popular online retailer, has recently made a significant change to their policies. They have decided to eliminate fees for private sellers in almost all categories. This means that sellers in the UK will no longer have to pay final value or regulatory operating fees, except for certain items such as cars and motorcycles.
This move was initially made in April of this year when eBay removed selling fees on all fashion items. The decision was made in order to compete with other similar platforms like Depop and Vinted. This was great news for fashion enthusiasts who are looking to clear out their closets in an environmentally-friendly way.
Previously, eBay had charged individual sellers a fee of 13.22% plus an additional 30p on every item. However, with the recent changes, these fees have been completely dropped. This has already led to a significant increase in listings for popular items like jeans, shirts, and dresses. And not only is this good news for sellers, but it also helps keep these items out of landfills.
The decision to eliminate fees was part of eBay's efforts to provide a more streamlined and secure platform for its users. A survey conducted by eBay showed that there are an estimated 294 million unused items in the UK, which could generate a whopping £9 billion in resale income. It was also found that half of households value their unused items at anywhere between £50 to £300.
Interestingly, the most commonly unused items include adult clothing, DVDs, CDs, and technology items. And it seems that the majority of people who sell these items do so to make some extra money, with almost half stating that it is more sustainable than simply throwing them away. Others sell their items to clear up space in their homes, while some use the funds to purchase new items.
Kirsty Keoghan, eBay's UK general manager, stated that the decision to remove selling fees across categories was made to fulfill the desires of their customers. This move not only gives buyers access to a wider variety of items, but it also simplifies the selling process for sellers. This was evident in eBay's Germany site, where a similar change led to a significant increase in new and inactive sellers, especially in the electronics and collectibles categories.
In addition to eliminating fees, eBay is also introducing new features to make the platform even more user-friendly. These include "Simple Delivery," which offers a tracked and fully covered delivery option for buyers. They are also introducing "eBay Local," which allows buyers to find items in their local area for in-person collection, all under the protection of eBay's Money Back Guarantee.
And for sellers, eBay is launching "eBay Balance," which gives them the flexibility to use their earnings for shopping on the platform, promoting their listings, purchasing delivery labels, or withdrawing funds. These changes will be implemented in mid-October and are expected to further enhance the eBay experience for both buyers and sellers.
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