At the start of February, eBay announced a series of fee changes which are going to affect your business. These include:
- Fees for retailers whose performance level is below standard
- Shop subscription fees and benefits
- Final value fees in select categories, predominantly Electronics and Home & Garden.
- Expanded per-order fee credits for certain refunds
- Additional free optional listing upgrades
eBay Shops: Fee Changes
As of April 1st, eBay will raise eBay Shop Fees. A senior representative from the company commented on how this is “due to the recent investments and improvements we’ve made in Shopfronts”.
Whilst a Basic Shop has only increased by a couple pounds, higher level plans face steeper price rises. Additionally, these changes will see the loss of the monthly listing upgrade credit for Anchor and Featured Shop subscribers. This is usually £10-£20.
As part of an additional benefit, eBay’s free monthly allowance of one week auction-style listings will be doubled. For instance, for Basic Shop subscribers, these members will be able to list up to 100 listings with a 7-day auction style.
|Shop level||CurrentFree 7-day auction-style listings||Commencing 1 April 2023Free 7-day auction-style listings|
Summary of shop subscription price changes
|Shop Package||CurrentMonthly price||Starting 1 April 2023Monthly Price|
Final value fee changes
For some categories, final value changes are taking place on the 2nd of March 2023.
In a lot of categories, where fee trenches have reduced final value fees for higher ASP items, these have now been eliminated. Alternatively, across other categories where lower fee trenches for higher ASP items weren’t previously offered, these fees have now been introduced.
It would be best to check the product types you retail to determine how the fee changes will affect your business. Categories which are destined to be impacted include sub categories belonging to the following parent categories: Computers, Tablets & Networking; Cameras & Photography; Sound & Vision; Mobile Phones & Communication; Clothes, Shoes & Accessories; Baby; Health & Beauty; Jewellery & Watches; Home, Furniture & DIY; Holidays & Travel; and Vehicle Parts & Accessories.
To view the full fee changes by category, click here.
As of 2nd March 2023, if you retail trainers with a price of £100 or above, a fixed 7% final fee will be attached to your sale when the item is sold. Plus, you will have to pay a 30p fixed fee per order. Free insertions will also be applied to listing starting prices of £100+.
Fines for Below Standard sellers
Ebay will also be increasing their additional final value fees up from 4% to 6% from the 2nd of March 2023 for Below Standard sellers. This additional fee will be combined with the total sale amount and doesn’t apply to Above Standard and Top Rated Ebay sellers.
Free optional listing upgrades
Also from the 2nd of March 2023, all ‘Buy it Now’ options for auction listings and ‘Scheduler’ listing upgrades will become free for all sellers, down from 50p and 10p respectively.
Per Order Fee Credit on Refunds
Following positive feedback regarding the improvements surrounding Fee Credits, ebay have now extended their credit policy for buyer refunds. When a customer returns a products for one of the following reasons:
- Ordered by mistake
- Don’t like it
- Changed their mind
- Doesn’t fit
- Found a better price
And the seller voluntarily fully refunds the buyer, ebay will credit your Fee Credits.
What does this mean? Well, if you voluntarily refund the buyer in full, eBay will credit your fee credits.
Did you know that you can have your own Shopify site from £1500? Monthly cost is £25/month and you only pay 2% order processing cost.
It might be time to start thinking about creating your own brand / website. Check out our How-To-Start-Up category.