The problem i found when selling on vinted is nobody wanted to pay much for anything, i had the same items on both ebay and vinted and every single one sold on ebay, zero on vinted, now a no brainer with no fees
If you're good at reselling you'll adapt & still prosper. It's a big change for sure but won't be the end of eBay or reselling on that platform. Times change, i understand why they've done this & I'm not happy about it but they have to keep up with the competition.
I’m not sure what to think of it TBH, it worries me a bit that EBay will go down the pan completely, I don’t know if that’s likely but I hope not-they’ve been caught coasting and it’s costing them. What they would be better to do is make it simpler to list and get rid of most of the item specifics, improve the search function and simplify the fees.
@@Lomie32 Absolutely, I reckon that's half the reason why private buyers/sellers aren't using it, especially younger users who are used to using apps with a simplified interface or older users who aren't very tech savvy.
Good Evening George, Baring in mind the imminent move to Vinted Pro, a new updated video on the best way to cross list in 2024 would be really useful. Thanks for your time and videos; much appreciated.
They trialled it in Germany as vinted is not available there, so not a great comparison to the UK buying and selling market. This in my eyes is a negative to all business sellers as we will be now competing with lower prices from private sellers.
I had just sold a camera for £260 and had to pay an exorbitant £40 fee! Such a ripoff! I'm sure there will some hidden stuff in there... I was wondering why they didn't promote the 80% discount on fees as they used to every other week...
@@blairoutprojectYou don't pay PayPal fees on ebay sales now, ebay don't use PayPal any more. All selling fees now are charged directly by ebay. The thing that makes me angry with ebay is they charged you to list, they charge a commission when you sell, they charge commission on the postage costs, but not satisfied with all that they now want you to pay to advertise and even then you're having to pay the current going rate to get any visibility. In some sectors that rate is over 20%. All this at a time when the Chinese are able to sell to us for next to nothing. Ebay as a trading platform for business is dead, OK for selling your old tat but that's about all now.
Hi, I upgraded to a basic shop a week ago on Ebay £19.99 a month & I get free fees as well, the listings have been reduced to 300 (same as resellers) + 100 extra for a shop per month (all confirmed by a phone call with them). I'm fairly happy with that but I also have a second account which I will be keeping as a reseller. Have held both accounts for years, so will see how they both do with all the changes.
I'm a private seller in the US, not sure if this is affecting one area of the globe or all of it. So, the bottom line is nothing is free. I discovered eBay is secretly increasing the listing ad rate, without disclosing. Example: Create a listing, select the 'suggested listing ad rate' and take note of it. List the item and then go back in and edit/revise the listing. Scroll down to the suggested listing ad rate and discover it was increased as much as 6%. 🙋♀Thank you for your insight, by the way.
I have extra charges even though it says is free?? I list my 1st 4 items and it showed you pay 0.00. if I wanted to add extra things Idid notice wanted to charge me , so i went back to 0.00... but a few days later I can see ebay charged me for every single item 0.35 where are those hidden charges??...
You now get 300 free listings every month opposed to the 1000 you used to get. List anything over the 300 & you'll be charged 35p per item. As far as I'm aware, all of the other incentives (80% off final fees etc) will no longer be offered. Business accounts won't really get anything out of the changes & ebay will be monitoring new private accounts to see if they relate in any way to existing business accounts & will stop the ones that do..
Ebay has just put the final nail in their own coffin - made it no more enticing to private sellers to sell (due to listing restrictions and hard-to-use software, compared to vinted) and created a massive problem with their main income generating small business customers! Vinted will be watching and learning once again!
I have a middle tier shop and I do get annoyed that other obvious business sellers are using private accounts. I clicked on the new link to book a one to one - it was really easy to use like booking a slot at our local tip. I have a few questions to ask about my account so will see how the chat goes. At least it is due to be someone from Ireland. & is a 45 minute session.
It makes sense. Why would a private seller use eBay over vinted at this point. No point selling most things as a private seller with the massive chunk of fees eBay takes
@@Fencer_Nowa It depends what you are selling. I mainly sell hobby products and collectables - eBay makes it possible to sell to international collectors and the market is well established on eBay so even with fees I get a better price. The culture on Vinted is more of a boot sale mentality so you get a lot of lowballers. However for personal items like clothing, thanks to the new algorithm it's almost impossible to sell on eBay now unless you have an account specialising in that.
Exactly the fraudulent returns part isn't giving us anything !!! they created that nightmare in the first place themselves anyway, and as for the 1:1 chat we'll see how clever they really are
as a private seller i've noticed today that they've changed the amount you can list for free, however! It was 1000 a month and now it's 300 so that would be where they're going to make up the 'free' listings.
to be honest i dont think its will affect business sellers so im more confused about why all these big business sellers are worried about it if anything it will benifit them
@@joshb6095 do you have limit on amount of items you can sell n if a private seller is deemed to be a business seller they will get restricted but benefits are obvious anyone that knows eBay system n there business n way it will pan out can clearly see that don't just jump on panic stations cos everyone else is looking outside the box UA-camrs are just doing it for content n views
@@joshb6095 pluss if your good at reselling and I'm sure you are then I'm sure that any seasoned ebayer would of survived many of eBay's changes over the years and you will survive this to I wouldn't worry
@@joshb6095 if you are a good business seller then I'm sure you are then what you worried about you survived many years of eBay's messing around and you will this time
My understanding of it is that you can only have 300 or so, as those items are manually relisted and so you can't add another 300 to them. If they are automatically relisted then that is not added to the 300 count but as soon as the auto relist stops and it is a manual relist then that will count to 300. Perhaps totally wrong, perhaps it is 300 unique item numbers per month and then you could add more. I guess will see people with 900+ listings dropping their listings to 300 or so to get around the 35p hit (though if they are selling high price items that is less of an issue) or they will just increase all their prices by 50p or so, ebay wins and also you lose no money but the customer gets hit by an increase in cost (of course, if the item stays on the system for 10 months that would be £3.50 over that time). Who knows at this stage.
As an ebay seller with a business account this will simply make me sell more on other platforms. The strong rumour is that Vinted Pro is coming in the next few weeks.
Don't forget Private sellers have paid retail prices for the items they are selling not boot fair /jumble sale/ yard sale prices that Business sellers pay. The other downside is that as you pay tax on profit, losing a proportion of your cost of goods (in this case fees) just opens you up to paying more tax to HMRC. So in reality as private seller you will pay minimum 20% HMRC taxes that before you would have paid ebay "only" c13%...
@@ianbullock5621 None of that is accurate. Most private sellers pick up their goods the same way business sellers do, and stay private to avoid paying tax (and now fees) completely.
@@candybracelets The tax system was out of date for e-commerce. It is now being upgraded and ammended which is why selling platforms are legally obligated to send reports to HMRC every year. That is the reason why 'private sellers' who are actually a business / self employed, are rushing to switch to a business account because they don't want a tax evasion charge.
Vinted is only easy to use until something goes wrong. Their customer service is abysmal. I just sold a coat for £25 and the shipping label they sent me didn't work so I posted it myself. I tried to contact Vinted to explain the situation and so did the buyer but the customer service person who replied (a week later) had clearly not read my message. They cancelled the transaction and refunded the buyer. Their advice was wait until the transaction cancels and ask the buyer to purchase again (even though I had proof that I had already posted it)!
Their postage system is why I won't sell on there. It's ridiculous. I'm not going to be told what postage I'm using. I use Royal Mail Tracked 48 as it provides a higher level of security to stop the "my order didn't arrive" BS. Vinted won't let me use Tracked 48 and so they expect me to print a label and then go to the drop off point when I could have got Royal Mail to collect if I'd been able to use my normal service.
@@MrHowardMoon That's true, also the options are quite confusing (small medium and large) and if you accidentally pick the wrong option there is no option to pay to upgrade the postage (as with Whatnot). The only option is cancel and relist, get automatic negative feedback and hope that the buyer repurchases the item. In my case, the problem was that Inpost used to be reliable but my local locker is faulty and noone has been out to fix it for weeks. Sadly the coat was sold before I took that postage option off. Because of this I think in future I'll only be selling smaller and low value items on Vinted. Too much of a risk otherwise.
What I think Why ebay lost their costumers is goverment Becouse they have to report if you sell over 30 items a year or 1000 pounds Peoples just scared off
@@aleksandrspavlovskis2152 good point, can also see the advantages streaming selling platforms like whatnot have for private sellers. Not only as a potential platform for folks to grow a customer base on a more personal level but consumers buying second hand or handmade items can thoroughly view and discuss condition and negotiate price in real time, saves admin work, makes bundling items easier, video receipt of purchase (super important for collectible items) the list of advantages to selling on stream are huge. The main disadvantage is vetting sellers, so potentially ebay have scrapped private sellers fees as if they launch a live streaming service it could be exclusive to businrss sellers only. Would be the best of both worlds for customers and sellers, you could have verified businesses streaming only (that cant compete with bedroom warriors in whatnot because of overheads) and private sellers dont have to stream and can join the growing abyss of listings noone will ever see for what its becoming worth, nothing 🤓 the difference with streaming and the shopping channel is the live interaction, got to give credit where due, whatnot's interface is insane, worldwide real-time auctions amongst hundreds of simultaneous users is pretty mind blowing.
Private sellers must pay a 30p fee to sell via GSP now, so getting their fees back and no auto payouts. so they are hoping private sellers leave the cash with ebay and they will get the interest.
You say that but when you have to relist etc 300 listings doesn't go that far. Secondly to keep Ebay going you need to list all of the time. That 300 will rum out fast meaning 0.35 per item. Soon racks up
300 is nothing for a personal seller, people may have 100s and 100s of items in their house that they want to declutter - they are not buying to 'sell' or resale, they are perhaps moving home and downsizing or minimalist etc. If you watch some of the TV shows on houses, people have zillions of things piled up in their house and they want to use ebay to sell some it (otherwise take it to the charity shop)
@@Graphicxtras1 300 per month is plenty for a the average personal seller 😂 if in the rare event they’re a hoarder I’m sure they won’t go over 600 items over two months (which is a considerable amount of time spent listing, photographing and basic research of the items which most people won’t even do - except resellers)
@@Pogmothoin17 I don't even think 600 items is too high for a private seller, yes, lots of people are hoarders of stuff (there are lots of people who hoard too many things) and occasionally you get to the point where you think must get rid of all that stuff. Doesn't take too long to list items and if you list say 50 items a month then you can quickly get up to 1000+ if they don't actually sell. Books being a case in point, they are easy to buy but quite hard to actually sell as you are competing with lots of companies that can sell super cheap. The 300 listing limit before 35p kicks in will perhaps limit the items put on or just will increase the costs for the buyers as people just add a few quid to cover that extra cost.
@@JeffsWig Not according to the email I got it was worded cleverly your not always going to get it exactly when u want it ...ie a could be a waiting period
I read it is as Transaction fees, so the flat 30p/35p - But FVF (the %) is still active. Getting rid of all main fees for selling on ebay would tank their stock price and business as a whole. Vinted makes money from the buyer and their site/customer service etc is super basic (which isn't always a bad thing) ...I'd love to be wrong!
Straight from the ebay website - "It's now free for UK-based private sellers to sell on eBay (excluding motors: Cars, Motorcycles & Vehicles listings). You won't pay final value fees or regulatory operating fees when your items sell."
they will hold the monies made by private sellers, like vinted do, theyll make money from the interest, private sellers will need to request there money
A lot of the private buyers will only be buying packing materials from retailers. not resellers. I think back to retailing.. moated system where a private seller won't be able to buy enough to get a good margin.
It’s good news, but the problem is the tax man since your supposed to pay tax on stuff you make over 1000 as a hobby but cannot claim expenses and forced to run it like you are running a business when your not
You don't have to pay tax on personal belongings sold even if the total amounts to over £1000 though. Now that HMRC receives records every year, you may have to answer a few questions if you sell thousands of pounds worth of personal belongings one year, but you can easily clear that up.
@@gssf.gr29 That isn't "the problem" though. I never mentioned buying things to resell. If you're doing that, you're a trader and should be declaring it, according to the tax man.
@@MrHowardMoonThe comment you replied to said, "The problem is the tax man since you're supposed to pay tax on stuff you make over £1000 AS A HOBBY", that was the discussion so why respond with a comment that has nothing to do with making money as a hobby?
Didn't Martin Lewis report that private sellers were being targeted by hmrc with pitiful limits of 30 items per year and if you exceed it you're considered a trader. I think ebay are trying to overcome the reluctance to use ebay as a private seller that anyone hearing this now has. I can't believe nobody in this space seems to have heard all that or maybe it got reversed?
30 items ... it is possible but 30 items is nothing. If you are a book collector (not seller) you may have 1000s of books, some you like to sell on and they are your own items. I sell lots of my books after reading them and 99% of them, I make a loss on them - no one would run a business or trade on that approach without going broke. You can declutter from your house and get a little back from them
No you are not considered a trader at 30 items per year. The law is that ebay must hand over data for all sellers that sell £1700+ or 30+ items in a year if HMRC requests it. They can then decide if you are trading or not. Selling 30 items does not mean that they believe you are a trader.
@@Graphicxtras1 I agree with entirely. I'm not sure that hmrc operates on any ethical level but I also hope they won't have the time to enforce any ridiculous limits they impose or they back down from any stated position. Such rules could cause serious harm to ebay and I think ebay are taking extreme measures to ensure private individuals keep selling by removing fees.
Probably not good news for boot sales as anything of value will now go on ebay as one of the reasons people sold at boot sales and not ebay were the fees.
I perfectly understand what you mean but look at it like this. For business sellers ebay are charging almost 20 % overall on each item, ouch indeed but if you sold through an auction house, Sotheby's for instance, they charge a minimum of 20% & some up to 25%. Not only do they charge the vendor they whack on a buyers fee of the same amount! At least ebay doesn't do that "yet" .. I didn't realise they had dropped the free listings from 1000 to 300 though until now after watching this video, hmm... I'll have a look to see if I can find out why & what happens if you list more than that. Usually that wouldn't apply to me as I've never had 300 items listed until now....
They're storing funds on eBay like vinted no automatic bank transfers unless you do it or spend it. HMRC will be looking for large amounts held on eBay AI bot.
The other advantages to private sellers is if the funds are available they can be used to pay for postage, supplies and purchases on eBay instead of withdrawing so if you manage to list and sell 300 items a month at say £100 per item that’s approx £36k worth of stuff you can sell and rebuy on eBay without it even entering your bank account or any acknowledgment it was yours in terms of taxes and money earned… who got the best deal?
@@russarah6573 No way you'll get away with it. Ebay had to log into my bank to confirm my id just because I hadn't sold for a couple of years. As soon as you hit the threshold ebay will be sending your name, address and sales numbers to hmrc. Even if you were a genuine private seller nobody is going to believe those numbers especially the taxman. Ebay are notoriously strict for lifetime banning for far less and business sellers will im sure be reporting fake private accounts like crazy.
@@russarah6573 If you are selling £360,000 per year then it is over the £1700 HMRC threshold. If you are selling 3600 items a year, it is over the 30 item threshold. That data will be reported to HMRC. Good luck claiming that you are no a trader when you are shipping out over 10 items every day.
iv been selling designer clothes on ebay for 10 years it was a great business now its absolutely fucked. vinted gave it a massive knock because its cheaper. but ebay has just killed it off completely. a hugo boss top i sell for 30 quid some private seller is just gonna sell it for a tenner now. to sell clothing you have to promote at about 20 percent you get nothing now
promote at about 20 percent you get nothing now - I sell watercolours, like you promote or you dont get any sales. It was getting to the point that Id pay around 30% to ebay with sales, to expensive, looking for a share a shop again
I wonder why they done it in Germany, maybe because most of the world have turned their GSP of to Germany so they needed this boost of organic private sellers
But surely, because any seller on Ebay, business or otherwise has to declare or will be declared to the TAX, anything over £1000 per year, surely that will deter private sellers from going nuts on the free fees? OR maybe that's the catch for TAX to catch private sellers making over the threshold and not declaring it - cos Ebay now has to declare it
@@jackcameback anyone who does not declare it now is crazy. I’ve heard people say they are not after the small fish and initially that may be true but once they buttoned down the big no declarers it’s an easy kill to find anyone who has not declared and hit them with a relatively small fine let alone all the people who are claiming benefits and not declaring. Finding these no. Declarers will not require a rocket scientist. First pass should be ……Heres a list from eBay who on that list is not a registered sole trader, limited company or partnership bang non declarers send out the fines…. Major problem is country is bust and they need to ramp up how to find money…….
Private sellers who are literally just people selling their old possessions don't need to declare anything at all. Yes, HMRC might enquire as to why they sold thousands of pounds worth of stuff on eBay one year and the seller simply says "I sold a load of old belongings". HMRC can ask you declare it as a gesture of goodwill, but you're not legally obligated to as long as it was just personal belongings sold at a loss etc.
I'm always weary of the word "Free" especially when it comes from big business or government, so my way of thinking is....WHY, what's the catch, what's in it for THEM, you know?
Vinted has just took a lot of buyers away from ebay and way more sellers aswel, I don't even think fees are the main problem anymore it's how easy vinted is as a platform from a buying and selling perspective, especially buying like when listing clothes the item specifics id ridiculous like what is the theme 😂😂 it's a joke it needs a modern reboot
couldn't agree more! tried a few times just to sell off a few bits of clothing, shoes etc and it's horrendous! so many item specifics! just let me put the brand, size, colour, condition + photos and call it done. it's just as bad when you're trying to sell items like funko pops.. omg is it bad! half the time it doesn't suggest the right category and it's so difficult to find the right one manually
For me, Vinted is an easier operating platform but I make next to nothing on there if the listings £1 with 10 “favourites” on it for literally months, I’m more likely to sell that same item on eBay 🤷🏾♀️
There have been business sellers on both vinted and eBay since the day they launched lol. What ruined ebay is all the dropshipped stuff from China but you can just filter that out.
Could be a problem for clothing seller's business accounts coz if you've got 1 business seller selling a certain type of clothing and you've got 5 private seller's jumped on the wagon and selling the exact same clothing but at like 50% or even less of the business seller's price. Surely this would undercut prices drastically?
@@brandonblanks9461 I agree I think it might bring the price down, most private sellers are not savvy enough to do a price check. On Vinted you see a lot of people sellings things for £2-3 that are going for £20+ because they are just pricing them to get rid of them.
If sold at a loss, yes. I'd imagine there is some weird legal claus that deems "worn once" as not a suitable excuse if the item is then sold for a profit.
The problem is that ebay has 3 types of businesses. Private sellers, small business sellers (bootsale sellers) and high street sellers (Argos etc) Ebay has to balance the books. By giving free fees to all business sellers meaning the high street shops will also be free as well. and that will be a big lost in fees. but then if eBay follow Vinted route by asking buyer pay a protection fee on all products. if a person want to buy an item from a high store on ebay then that item will more than there own website and people will complain. I know a lot of small business are not happy about free fees, but private sellers had been having 70-80% off to £1 final fees for 10 yrs now
That's business though. The private seller status is there for people who want to sell their old belongings. Yes, there are people on the platform who abuse it, but they're now being cracked down on a lot harder.
the ebay fee's were far too high so I'm glad they've gotten rid, we'll see if it lasts though - who knows if they'll change it up again in a few years, as an example I sold a relatively cheapo figuring for £6.99 - free post, they took £3 in fees! it wasn't promoted, just regular.. by the time I posted it I'm lucky if I even got £1 for it!
I can see a lot of sellers reporting "private" businesses, to reduce direct competitors. I wouldn't myself, you don't know other peoples circumstances , but will happen a lot now.😕
They might be going to let private sellers like me sell for free, but it won't help sell items as eBay UK is dead. As a private seller, I have sold 12 low-priced items since January 2024, having a store will be of no use for most small sellers, and neither will selling for free on eBay for private sellers. eBay is no longer a great selling platform for small sellers anymore.
@@Mangekyo__ Yeh, Get rid of managed payments & allow PayPal back, many sellers and buyers left and have not come back. Also, get rid of Item Specifics as well, since managed payment & Item Specifics were brought in sales are abysmal for most sellers. They would be the first changes for me to do. Updates to the Manage Active Listings page are causing many issues with missing implements. No time clock on finishing Auctions, and can't put Auction listings in the order they are finishing, you have to click on each listing to see when they are finishing. Just a few to start with.
did anyone why they do this? because UK goes out of EU also in EU is new law from 1.1.2024 with only 2000euro trash hold and in UK is like 1000GBP i think , it means countrys will push as more on tax and that way ebay say: " you will not have fees but you will pay more tax to your countrys"
@@Jugoplastika I got this email from ebay a few days ago. €2000 or 30 items and I must inform Irish revenue. €2000 over 12 months is only pocket money. It was the final straw for selling on ebay I pulled my few listed items.
no, they will hold all funds made by private sellers and release quartley or if requested by a seller, Like vinted does, they will earn monies on all the interest from holding that money for a few days or longer
QUOTE 'Hundreds of thousands of them started buying' LMFAO ...... This programme encouraged HUNDRED OF THOUSANDS of new Germans customers to open ebay accounts to sell the contents of their lofts?????????? Wow, the Germans really liked this idea did'nt they?
@@yusufdemirerKnowledge is power, he is fully correct in what he says, although in todays world it’s a hard fight to go ahead and do. I know many people from TPUC’s group and others that don’t pay their tax, mortgage, council tax so on so forth… the system is built to make our life’s a struggle and a misery.. Fiat currency alongside the Cestui Que vie has been high on the list when it comes to fraud against the people. It goes so deep it often baffles me how we have let this happen, or our ancestors for that matter. We are so unwise it’s wild.
@@seewhatubuy but manually relist and that happens once autorelist stops, surely that will count towards the 300 as well, so ok if all the items sell, you can then add another 300 - that is my reading of the documentation
I understand that fixed price, good til cancelled remain free. Auction auto relisting lasts 8 times. I'm not aware auto relist for fixed price items is disappearing.
@@dpm2help Is auction relisting 8 times ? Seems to be only three times for me but if that is the case then that will alter the equation a little. Never used the fixed price item, always just used as auctions.
Im all for progression and innovation, but this is just copying vinted tbh. Nothing new or exciting, in my opinion. If they want the private sellers back from vinted, then they need to make it easier to list for the average person who hasn't used eBay before. They need to simplify fees, there is way too many fees being added, nearly a new one every year. We need back to when it was just a listing fee and a fvf. My accountant just laughs when she gets the books at the end of the year and always asks what new way they have added to get more from you. We will wait and see, but personally, i feel eBay has lost their touch and are simply copying the competition, which never ends well.
Will definitely be opening a second private account. Maybe more, one for each niche. Worst that can happen is they prompt you to switch to a business account once your sales hit a certain level.
Sounds like a conspiracy theory to me and we know conspiracy theories generally come true these days so you are definitely onto something here. My cynical mind couldn't help thinking the exact same thing!
@@donnajones2468 Hardly a conspiracy, or even just a theory at this point. Look at the evidence. This rule-change makes no sense whatsoever, and disadvantages buisness who have to play by the rules and legislation. (Unless im missing something)
@@donnajones2468 Agreed…. Unless you take the frame of mind that it’s the deliberate destruction of the economy. That’s the only thing that makes sense to me.
No different to Resellers selling on Vinted 😂 Hopefully Ebay will start getting heavy with the *Fake* private sellers though and I still think 300 listing's are too much 100 a month is enough.
The real interesting thing is what HMRC do next year with a data on everyone. Those who are legit will have nothing to worry about, a lot of others will be in for a rude awakening.
@@kimmyjoshbeth Re 300 limit, You’d be surprised of how much you can collect over 50 years that just gets squirrelled away plus I no longer do much DIY so there’s a garage worth of tools fixtures and fittings that I will never use. I started a clear out during covid now have a room filled to the ceiling with stuff that I no longer need. Let alone if, god forbid, your parents pass and you need to clear their place.
Even 300 listing's per month for a "casual seller" is a total slap in the face to honest resellers using a business account. Who honestly has 3600 items of their own personal property (not bought for profit) that they want to sell each year?
3600 sounds a lot but I don't think it is. If you watch 'Sort your life' on BBC, people have 1000s and 1000s of items in their house and perhaps want to get rid of many of those items
If you think about it, it makes no difference to eBay. If they carried on charging fees, they lose business to Vinted. But, if they charge no fees, they make nothing anyway. So, it would have made more sense to keep the fees (or reduce them). So, I’m assuming they’re going to make money another way from private sellers 🤔
They hope to gain a tone of new buyers & sellers with this Which does make perfect sense if marketed well Most people below 30 but & sell on Vinted & not eBay If they can change that it’ll be massive
Funniest part of this vid is where you hinted at signing an NDA hahaha :-p at this stage i wouldn't mind paying the fees, not promoted of course, if they just gave me my sales back
So what's stopping you changing to a private account on ebay honestly interested to know I've allways said the same aslong as your paying your taxes and you can still accept returns on a private account like you said who cares you obviously did not have a problem selling as a buisness on a private seller platform vinted.
It'll be pretty obvious and im sure you can only have 1 ebay account per bank account so it wont be easy to trick the system into having numerous accounts. Ebay have that nifty thing which can check your bank account to confirm id so dont even chance it as they will come down hard no doubt. I'd suspect something like 30 sales a month could be the point, most likely you get a warning email that you are selling a lot. Its going to hurt some genuine private sellers if they really clamp down on it which im sure they will but they wont do nuance as they've proven over the last 25 years. It will be all blanket rules with little room for negotiation.There are private sellers on there with 10k items and even more feedback, they will surely go first but we will see.
It is no coincidence that they have changed the way private sellers get paid at the same time. My educated guess is that those who exceed a certain number in requested withdraws in any calender month will be be flagged and pushed over to a business account. I would guess that figure would be £1000 + per month but perhaps less.
@@JungleTunes94 30 sales a month for a business would surely be terrible. I have 100s of books that I am decluttering and so 30 items is very low, they are all my personal items
@@Graphicxtras1 I mean if you are a private seller this might be the point where they encourage you to upgrade. 1 sale a day average over a few months is a lot for someone selling off unwanted junk. 30 sales could be plenty, depends what you are selling but they just see 30 whether its books or gold watches. Not saying they will force you to upgrade or anything but it might be where they start sending messages. I'd strongly suggest trying to sell them at a consistent but not excessive pace rather than 500 in a month. They wont know or care where the items came from, too much work to treat everyone individually. It seems like they are going to come down harder on businesses trading as personal sellers and this will inevitably force some legit private sellers to upgrade. Maybe wait and see, there are bound to be some concrete numbers for sales qty and value before they will consider you a business. Maybe nothing will change and all these businesses will keep getting away with it but I dont think so, I think getting more private sellers onto business accounts has to be part of the strategy to compensate the loss from private sellers....
The problem i found when selling on vinted is nobody wanted to pay much for anything, i had the same items on both ebay and vinted and every single one sold on ebay, zero on vinted, now a no brainer with no fees
If you're good at reselling you'll adapt & still prosper. It's a big change for sure but won't be the end of eBay or reselling on that platform.
Times change, i understand why they've done this & I'm not happy about it but they have to keep up with the competition.
I’m not sure what to think of it TBH, it worries me a bit that EBay will go down the pan completely, I don’t know if that’s likely but I hope not-they’ve been caught coasting and it’s costing them. What they would be better to do is make it simpler to list and get rid of most of the item specifics, improve the search function and simplify the fees.
Like it used to be
@@creightonjason exactly!
@@Lomie32 Absolutely, I reckon that's half the reason why private buyers/sellers aren't using it, especially younger users who are used to using apps with a simplified interface or older users who aren't very tech savvy.
This video had an ad for Vinted at the beginning 😅
Good Evening George,
Baring in mind the imminent move to Vinted Pro, a new updated video on the best way to cross list in 2024 would be really useful.
Thanks for your time and videos; much appreciated.
They trialled it in Germany as vinted is not available there, so not a great comparison to the UK buying and selling market. This in my eyes is a negative to all business sellers as we will be now competing with lower prices from private sellers.
I had just sold a camera for £260 and had to pay an exorbitant £40 fee! Such a ripoff! I'm sure there will some hidden stuff in there... I was wondering why they didn't promote the 80% discount on fees as they used to every other week...
If if buyer uses PayPal, that’s another lump off your money ,
@@blairoutprojectYou don't pay PayPal fees on ebay sales now, ebay don't use PayPal any more. All selling fees now are charged directly by ebay.
The thing that makes me angry with ebay is they charged you to list, they charge a commission when you sell, they charge commission on the postage costs, but not satisfied with all that they now want you to pay to advertise and even then you're having to pay the current going rate to get any visibility. In some sectors that rate is over 20%. All this at a time when the Chinese are able to sell to us for next to nothing. Ebay as a trading platform for business is dead, OK for selling your old tat but that's about all now.
A buyers fee is coming in next year on ebay according to the sky news business interview they did today
Hi, I upgraded to a basic shop a week ago on Ebay £19.99 a month & I get free fees as well, the listings have been reduced to 300 (same as resellers) + 100 extra for a shop per month (all confirmed by a phone call with them). I'm fairly happy with that but I also have a second account which I will be keeping as a reseller. Have held both accounts for years, so will see how they both do with all the changes.
I'm a private seller in the US, not sure if this is affecting one area of the globe or all of it. So, the bottom line is nothing is free. I discovered eBay is secretly increasing the listing ad rate, without disclosing. Example: Create a listing, select the 'suggested listing ad rate' and take note of it. List the item and then go back in and edit/revise the listing. Scroll down to the suggested listing ad rate and discover it was increased as much as 6%. 🙋♀Thank you for your insight, by the way.
I have extra charges even though it says is free?? I list my 1st 4 items and it showed you pay 0.00. if I wanted to add extra things Idid notice wanted to charge me , so i went back to 0.00... but a few days later I can see ebay charged me for every single item 0.35 where are those hidden charges??...
You now get 300 free listings every month opposed to the 1000 you used to get. List anything over the 300 & you'll be charged 35p per item.
As far as I'm aware, all of the other incentives (80% off final fees etc) will no longer be offered.
Business accounts won't really get anything out of the changes & ebay will be monitoring new private accounts to see if they relate in any way to existing business accounts & will stop the ones that do..
Ebay has just put the final nail in their own coffin - made it no more enticing to private sellers to sell (due to listing restrictions and hard-to-use software, compared to vinted) and created a massive problem with their main income generating small business customers! Vinted will be watching and learning once again!
I have a middle tier shop and I do get annoyed that other obvious business sellers are using private accounts. I clicked on the new link to book a one to one - it was really easy to use like booking a slot at our local tip. I have a few questions to ask about my account so will see how the chat goes. At least it is due to be someone from Ireland. & is a 45 minute session.
Wonder how many of the hints & tips to improve your account will consist of “increase ad %, pay for this promotion, purchase external ads”
It makes sense. Why would a private seller use eBay over vinted at this point.
No point selling most things as a private seller with the massive chunk of fees eBay takes
I just use vinted to sell some old clothes and its so much better. Im doing well selling my items and no fees. ebay are greedy
I will have to look at vinted, I have always used ebay though but these new changes will make me look at elsewhere
@@Fencer_Nowa It depends what you are selling. I mainly sell hobby products and collectables - eBay makes it possible to sell to international collectors and the market is well established on eBay so even with fees I get a better price. The culture on Vinted is more of a boot sale mentality so you get a lot of lowballers. However for personal items like clothing, thanks to the new algorithm it's almost impossible to sell on eBay now unless you have an account specialising in that.
Exactly the fraudulent returns part isn't giving us anything !!! they created that nightmare in the first place themselves anyway, and as for the 1:1 chat we'll see how clever they really are
The eBay share price has gone up 50% this year, it makes me feel better that I'm making extra money from their charges & fees
as a private seller i've noticed today that they've changed the amount you can list for free, however! It was 1000 a month and now it's 300 so that would be where they're going to make up the 'free' listings.
FYI, eBay have the QR postage option now too. No label. They print it at the Post Office.
to be honest i dont think its will affect business sellers so im more confused about why all these big business sellers are worried about it if anything it will benifit them
How would it benefit me selling when a private seller can undercut me on every single item because they dont have to pay fees
@@joshb6095 do you have limit on amount of items you can sell n if a private seller is deemed to be a business seller they will get restricted but benefits are obvious anyone that knows eBay system n there business n way it will pan out can clearly see that don't just jump on panic stations cos everyone else is looking outside the box UA-camrs are just doing it for content n views
@@joshb6095 pluss if your good at reselling and I'm sure you are then I'm sure that any seasoned ebayer would of survived many of eBay's changes over the years and you will survive this to I wouldn't worry
@@joshb6095 if you are a good business seller then I'm sure you are then what you worried about you survived many years of eBay's messing around and you will this time
My understanding of it is that you can only have 300 or so, as those items are manually relisted and so you can't add another 300 to them. If they are automatically relisted then that is not added to the 300 count but as soon as the auto relist stops and it is a manual relist then that will count to 300. Perhaps totally wrong, perhaps it is 300 unique item numbers per month and then you could add more. I guess will see people with 900+ listings dropping their listings to 300 or so to get around the 35p hit (though if they are selling high price items that is less of an issue) or they will just increase all their prices by 50p or so, ebay wins and also you lose no money but the customer gets hit by an increase in cost (of course, if the item stays on the system for 10 months that would be £3.50 over that time). Who knows at this stage.
As an ebay seller with a business account this will simply make me sell more on other platforms. The strong rumour is that Vinted Pro is coming in the next few weeks.
Don't forget Private sellers have paid retail prices for the items they are selling not boot fair /jumble sale/ yard sale prices that Business sellers pay. The other downside is that as you pay tax on profit, losing a proportion of your cost of goods (in this case fees) just opens you up to paying more tax to HMRC. So in reality as private seller you will pay minimum 20% HMRC taxes that before you would have paid ebay "only" c13%...
@@ianbullock5621 None of that is accurate. Most private sellers pick up their goods the same way business sellers do, and stay private to avoid paying tax (and now fees) completely.
@@candybracelets The tax system was out of date for e-commerce. It is now being upgraded and ammended which is why selling platforms are legally obligated to send reports to HMRC every year. That is the reason why 'private sellers' who are actually a business / self employed, are rushing to switch to a business account because they don't want a tax evasion charge.
I'm clearing out my DVDs. I have thousands. I might start listing some on eBay as Vinted can be a bit slow for sales
According to the documentation, the free listings are up to 300 listings, after that it is 35p for a listing
Vinted is only easy to use until something goes wrong. Their customer service is abysmal. I just sold a coat for £25 and the shipping label they sent me didn't work so I posted it myself. I tried to contact Vinted to explain the situation and so did the buyer but the customer service person who replied (a week later) had clearly not read my message. They cancelled the transaction and refunded the buyer. Their advice was wait until the transaction cancels and ask the buyer to purchase again (even though I had proof that I had already posted it)!
Their postage system is why I won't sell on there. It's ridiculous. I'm not going to be told what postage I'm using. I use Royal Mail Tracked 48 as it provides a higher level of security to stop the "my order didn't arrive" BS. Vinted won't let me use Tracked 48 and so they expect me to print a label and then go to the drop off point when I could have got Royal Mail to collect if I'd been able to use my normal service.
@@MrHowardMoon That's true, also the options are quite confusing (small medium and large) and if you accidentally pick the wrong option there is no option to pay to upgrade the postage (as with Whatnot). The only option is cancel and relist, get automatic negative feedback and hope that the buyer repurchases the item. In my case, the problem was that Inpost used to be reliable but my local locker is faulty and noone has been out to fix it for weeks. Sadly the coat was sold before I took that postage option off. Because of this I think in future I'll only be selling smaller and low value items on Vinted. Too much of a risk otherwise.
Surley ebay will make more effort to identify private sellers who are buying to sell.
What I think
Why ebay lost their costumers is goverment
Becouse they have to report if you sell over 30 items a year or 1000 pounds
Peoples just scared off
@@aleksandrspavlovskis2152 good point, can also see the advantages streaming selling platforms like whatnot have for private sellers. Not only as a potential platform for folks to grow a customer base on a more personal level but consumers buying second hand or handmade items can thoroughly view and discuss condition and negotiate price in real time, saves admin work, makes bundling items easier, video receipt of purchase (super important for collectible items) the list of advantages to selling on stream are huge. The main disadvantage is vetting sellers, so potentially ebay have scrapped private sellers fees as if they launch a live streaming service it could be exclusive to businrss sellers only. Would be the best of both worlds for customers and sellers, you could have verified businesses streaming only (that cant compete with bedroom warriors in whatnot because of overheads) and private sellers dont have to stream and can join the growing abyss of listings noone will ever see for what its becoming worth, nothing 🤓 the difference with streaming and the shopping channel is the live interaction, got to give credit where due, whatnot's interface is insane, worldwide real-time auctions amongst hundreds of simultaneous users is pretty mind blowing.
Private sellers must pay a 30p fee to sell via GSP now, so getting their fees back and no auto payouts. so they are hoping private sellers leave the cash with ebay and they will get the interest.
They are also hoping people spend their ebay money on ebay rather than withdraw it.
300 listings a month is ridiculous for a "private seller" if they actually wanted to clamp down on it then they would do. Clearly they don't care lol
@@Pogmothoin17 yeah holy crap, that's ten listings a day. Most full time Sellers don't average that unless they are really driven.
You say that but when you have to relist etc 300 listings doesn't go that far. Secondly to keep Ebay going you need to list all of the time. That 300 will rum out fast meaning 0.35 per item. Soon racks up
300 is nothing for a personal seller, people may have 100s and 100s of items in their house that they want to declutter - they are not buying to 'sell' or resale, they are perhaps moving home and downsizing or minimalist etc. If you watch some of the TV shows on houses, people have zillions of things piled up in their house and they want to use ebay to sell some it (otherwise take it to the charity shop)
@@Graphicxtras1 300 per month is plenty for a the average personal seller 😂 if in the rare event they’re a hoarder I’m sure they won’t go over 600 items over two months (which is a considerable amount of time spent listing, photographing and basic research of the items which most people won’t even do - except resellers)
@@Pogmothoin17 I don't even think 600 items is too high for a private seller, yes, lots of people are hoarders of stuff (there are lots of people who hoard too many things) and occasionally you get to the point where you think must get rid of all that stuff. Doesn't take too long to list items and if you list say 50 items a month then you can quickly get up to 1000+ if they don't actually sell. Books being a case in point, they are easy to buy but quite hard to actually sell as you are competing with lots of companies that can sell super cheap. The 300 listing limit before 35p kicks in will perhaps limit the items put on or just will increase the costs for the buyers as people just add a few quid to cover that extra cost.
Well it looks like Vinted Pro launched in the uk this morning ! So hopefully you'll be able to get back on it George 👍
Private sellers funds are now held and you cant get draw down like you used to straight away.
All getting screwed
You can. It's paid out automatically every 3 months or you can manually withdraw your money like now
They are not. They are just not dished out automatically each week, month or whatever. You can withdraw that money anytime.
@@ramalama9650
Did you get the email?
It's worded so you're not guaranteed to get it exactly when u might want it...."payment withholds may apply"
@@JeffsWig
Not according to the email I got it was worded cleverly your not always going to get it exactly when u want it ...ie a could be a waiting period
HMRC. Are coming to all eBay sellers
The glory days are over
Nice one. Thanks for going through this. Do you have a video on how you deal with returns, Using your own address vs warehouses etc.
I read it is as Transaction fees, so the flat 30p/35p - But FVF (the %) is still active.
Getting rid of all main fees for selling on ebay would tank their stock price and business as a whole.
Vinted makes money from the buyer and their site/customer service etc is super basic (which isn't always a bad thing)
...I'd love to be wrong!
Straight from the ebay website - "It's now free for UK-based private sellers to sell on eBay (excluding motors: Cars, Motorcycles & Vehicles listings). You won't pay final value fees or regulatory operating fees when your items sell."
they will hold the monies made by private sellers, like vinted do, theyll make money from the interest, private sellers will need to request there money
Makes me think that eBay maybe struggling a bit….. and what are they going to do differently about fraudulent returns 😂 I can’t wait to see haha
Thats what I thought, I understand that in the last 5 years buyer accounts have reduced by 30%.
A lot of the private buyers will only be buying packing materials from retailers. not resellers. I think back to retailing.. moated system where a private seller won't be able to buy enough to get a good margin.
Im not gonna give the mrs all my expensive items to sell on her private account now,😉
Smart man 🤑😂
I'm very surprised you are on the basic £30 a month, I thought you would be on the £77 a month shop
It’s good news, but the problem is the tax man since your supposed to pay tax on stuff you make over 1000 as a hobby but cannot claim expenses and forced to run it like you are running a business when your not
You don't have to pay tax on personal belongings sold even if the total amounts to over £1000 though. Now that HMRC receives records every year, you may have to answer a few questions if you sell thousands of pounds worth of personal belongings one year, but you can easily clear that up.
No one does, no one cares. Touch grass mike.
@@MrHowardMoon The problem is, if you're buying items to resell them they're not classed as personal belongings.
@@gssf.gr29 That isn't "the problem" though. I never mentioned buying things to resell. If you're doing that, you're a trader and should be declaring it, according to the tax man.
@@MrHowardMoonThe comment you replied to said, "The problem is the tax man since you're supposed to pay tax on stuff you make over £1000 AS A HOBBY", that was the discussion so why respond with a comment that has nothing to do with making money as a hobby?
Didn't Martin Lewis report that private sellers were being targeted by hmrc with pitiful limits of 30 items per year and if you exceed it you're considered a trader. I think ebay are trying to overcome the reluctance to use ebay as a private seller that anyone hearing this now has. I can't believe nobody in this space seems to have heard all that or maybe it got reversed?
Nah it's still around but we highly doubt this is the reason. The rise of Vinted is 100% behind this.
30 items ... it is possible but 30 items is nothing. If you are a book collector (not seller) you may have 1000s of books, some you like to sell on and they are your own items. I sell lots of my books after reading them and 99% of them, I make a loss on them - no one would run a business or trade on that approach without going broke. You can declutter from your house and get a little back from them
No you are not considered a trader at 30 items per year. The law is that ebay must hand over data for all sellers that sell £1700+ or 30+ items in a year if HMRC requests it. They can then decide if you are trading or not. Selling 30 items does not mean that they believe you are a trader.
@@Martin-1066 Yes, that would be my interpretation and quite reasonable that they do.
@@Graphicxtras1 I agree with entirely. I'm not sure that hmrc operates on any ethical level but I also hope they won't have the time to enforce any ridiculous limits they impose or they back down from any stated position. Such rules could cause serious harm to ebay and I think ebay are taking extreme measures to ensure private individuals keep selling by removing fees.
Probably not good news for boot sales as anything of value will now go on ebay as one of the reasons people sold at boot sales and not ebay were the fees.
Boots sales will be just fine. People having a big clear out can't be bothered with the hassle of selling it all online.
I perfectly understand what you mean but look at it like this. For business sellers ebay are charging almost 20 % overall on each item, ouch indeed but if you sold through an auction house, Sotheby's for instance, they charge a minimum of 20% & some up to 25%. Not only do they charge the vendor they whack on a buyers fee of the same amount! At least ebay doesn't do that "yet" ..
I didn't realise they had dropped the free listings from 1000 to 300 though until now after watching this video, hmm... I'll have a look to see if I can find out why & what happens if you list more than that. Usually that wouldn't apply to me as I've never had 300 items listed until now....
people said that with vinted but still plenty of boot sellers
You’re so pure George! 🙌🏻
This is why so many people like you, you’re so genuine in everything you say and do 👏🏼
They're storing funds on eBay like vinted no automatic bank transfers unless you do it or spend it. HMRC will be looking for large amounts held on eBay AI bot.
The other advantages to private sellers is if the funds are available they can be used to pay for postage, supplies and purchases on eBay instead of withdrawing so if you manage to list and sell 300 items a month at say £100 per item that’s approx £36k worth of stuff you can sell and rebuy on eBay without it even entering your bank account or any acknowledgment it was yours in terms of taxes and money earned… who got the best deal?
@@russarah6573 No way you'll get away with it. Ebay had to log into my bank to confirm my id just because I hadn't sold for a couple of years. As soon as you hit the threshold ebay will be sending your name, address and sales numbers to hmrc. Even if you were a genuine private seller nobody is going to believe those numbers especially the taxman. Ebay are notoriously strict for lifetime banning for far less and business sellers will im sure be reporting fake private accounts like crazy.
@@russarah6573 I don't think I would want to keep 36K of payments on ebay, this new change to the withdrawal is a minor inconvenience
@@russarah6573 If you are selling £360,000 per year then it is over the £1700 HMRC threshold. If you are selling 3600 items a year, it is over the 30 item threshold. That data will be reported to HMRC. Good luck claiming that you are no a trader when you are shipping out over 10 items every day.
iv been selling designer clothes on ebay for 10 years it was a great business now its absolutely fucked. vinted gave it a massive knock because its cheaper. but ebay has just killed it off completely. a hugo boss top i sell for 30 quid some private seller is just gonna sell it for a tenner now. to sell clothing you have to promote at about 20 percent you get nothing now
promote at about 20 percent you get nothing now - I sell watercolours, like you promote or you dont get any sales. It was getting to the point that Id pay around 30% to ebay with sales, to expensive, looking for a share a shop again
I wonder why they done it in Germany, maybe because most of the world have turned their GSP of to Germany so they needed this boost of organic private sellers
@@finchy4021 to lock in the market before competitors roll out pan Europe
Great video, can I please know what relisting app you use. Thanks
But surely, because any seller on Ebay, business or otherwise has to declare or will be declared to the TAX, anything over £1000 per year, surely that will deter private sellers from going nuts on the free fees? OR maybe that's the catch for TAX to catch private sellers making over the threshold and not declaring it - cos Ebay now has to declare it
@@jackcameback anyone who does not declare it now is crazy. I’ve heard people say they are not after the small fish and initially that may be true but once they buttoned down the big no declarers it’s an easy kill to find anyone who has not declared and hit them with a relatively small fine let alone all the people who are claiming benefits and not declaring. Finding these no. Declarers will not require a rocket scientist. First pass should be ……Heres a list from eBay who on that list is not a registered sole trader, limited company or partnership bang non declarers send out the fines…. Major problem is country is bust and they need to ramp up how to find money…….
Private sellers who are literally just people selling their old possessions don't need to declare anything at all. Yes, HMRC might enquire as to why they sold thousands of pounds worth of stuff on eBay one year and the seller simply says "I sold a load of old belongings". HMRC can ask you declare it as a gesture of goodwill, but you're not legally obligated to as long as it was just personal belongings sold at a loss etc.
Interesting video. I have never sold on there, but I buy a fair bit of stuff on eBay.I enjoy watching videos by you eBay sellers
So only for the UK and not the United States??
that is what i was going to ask
I'm always weary of the word "Free" especially when it comes from big business or government, so my way of thinking is....WHY, what's the catch, what's in it for THEM, you know?
Vinted has just took a lot of buyers away from ebay and way more sellers aswel, I don't even think fees are the main problem anymore it's how easy vinted is as a platform from a buying and selling perspective, especially buying like when listing clothes the item specifics id ridiculous like what is the theme 😂😂 it's a joke it needs a modern reboot
couldn't agree more! tried a few times just to sell off a few bits of clothing, shoes etc and it's horrendous! so many item specifics! just let me put the brand, size, colour, condition + photos and call it done.
it's just as bad when you're trying to sell items like funko pops.. omg is it bad! half the time it doesn't suggest the right category and it's so difficult to find the right one manually
vinted is so much easier to use. ebay is just a mess
For me, Vinted is an easier operating platform but I make next to nothing on there if the listings £1 with 10 “favourites” on it for literally months, I’m more likely to sell that same item on eBay 🤷🏾♀️
@@JackyHapy have noticed the same, it's so annoying for that though you can often get the same thing happening with ebay watchers.
It's good for buyers and private sellers. Business sellers ruined ebay and are now ruining vinted.
But business sellers pay the majority of E-Bay's profits, which enable low costs for private sellers, surely ?
There have been business sellers on both vinted and eBay since the day they launched lol. What ruined ebay is all the dropshipped stuff from China but you can just filter that out.
Could be a problem for clothing seller's business accounts coz if you've got 1 business seller selling a certain type of clothing and you've got 5 private seller's jumped on the wagon and selling the exact same clothing but at like 50% or even less of the business seller's price. Surely this would undercut prices drastically?
why would private sellers sell at 50% discount> they will sell a little bit less than business like they do now.
@@brandonblanks9461 I agree I think it might bring the price down, most private sellers are not savvy enough to do a price check. On Vinted you see a lot of people sellings things for £2-3 that are going for £20+ because they are just pricing them to get rid of them.
If you wear the top once couldn’t you then sell it as a private seller? If it’s been your own possession? Set up another account.
If sold at a loss, yes. I'd imagine there is some weird legal claus that deems "worn once" as not a suitable excuse if the item is then sold for a profit.
@@MrHowardMoon Who’s to know if you bought it for cash at a boot sale. Just a thought obviously I pay all fees and tax 😂
I believe Vinted pro launched today
The problem is that ebay has 3 types of businesses. Private sellers, small business sellers (bootsale sellers) and high street sellers (Argos etc) Ebay has to balance the books. By giving free fees to all business sellers meaning the high street shops will also be free as well. and that will be a big lost in fees. but then if eBay follow Vinted route by asking buyer pay a protection fee on all products. if a person want to buy an item from a high store on ebay then that item will more than there own website and people will complain. I know a lot of small business are not happy about free fees, but private sellers had been having 70-80% off to £1 final fees for 10 yrs now
That's business though. The private seller status is there for people who want to sell their old belongings. Yes, there are people on the platform who abuse it, but they're now being cracked down on a lot harder.
the ebay fee's were far too high so I'm glad they've gotten rid, we'll see if it lasts though - who knows if they'll change it up again in a few years, as an example I sold a relatively cheapo figuring for £6.99 - free post, they took £3 in fees! it wasn't promoted, just regular.. by the time I posted it I'm lucky if I even got £1 for it!
I can see a lot of sellers reporting "private" businesses, to reduce direct competitors. I wouldn't myself, you don't know other peoples circumstances , but will happen a lot now.😕
EBay’s a greedy bastard.a rival like Vinted has put its dominance of the second hand market in jeopardy and is being RIPPED FROM THEIR GREEDY GRASP
100% true, Ebay got greedy and is now paying the price - Latest increase 1.6% on foreign sales !
They don’t need 80% off Final value fees it’s not 100% off final value fees permanently ha
They need to remain competitive with the other platforms.
Listening to you on radio 4 ;)
Beware the taxman is watching ebay
@@codyjarrett9685 exactly. And hardly anyone will keep accurate records.
13:13 Now my takeaway message is there are people out there that will buy an old pack of baubles for twenty quid.
I want to clear my house out of stuff
Vinted or eBay
Facebook marketplace.
@@Cave_Monster That is a possible as well. I will look at that to declutter
Could be worse George. You could be diving in mucky bins for shite to sell like some other resellers.
They might be going to let private sellers like me sell for free, but it won't help sell items as eBay UK is dead. As a private seller, I have sold 12 low-priced items since January 2024, having a store will be of no use for most small sellers, and neither will selling for free on eBay for private sellers. eBay is no longer a great selling platform for small sellers anymore.
Do you have any other alternative 🤔
@@Mangekyo__ Yeh, Get rid of managed payments & allow PayPal back, many sellers and buyers left and have not come back. Also, get rid of Item Specifics as well, since managed payment & Item Specifics were brought in sales are abysmal for most sellers. They would be the first changes for me to do. Updates to the Manage Active Listings page are causing many issues with missing implements. No time clock on finishing Auctions, and can't put Auction listings in the order they are finishing, you have to click on each listing to see when they are finishing. Just a few to start with.
did anyone why they do this? because UK goes out of EU also in EU is new law from 1.1.2024 with only 2000euro trash hold and in UK is like 1000GBP i think , it means countrys will push as more on tax and that way ebay say: " you will not have fees but you will pay more tax to your countrys"
@@Jugoplastika I got this email from ebay a few days ago. €2000 or 30 items and I must inform Irish revenue. €2000 over 12 months is only pocket money. It was the final straw for selling on ebay I pulled my few listed items.
@@pault4955 I got same message but I will not inform anyone I don't care I'm collector I spent more then I earn
eBay will still have to recoup this money from somewhere, so I would think all business seller’s fees will go up next January or April to offset this
no, they will hold all funds made by private sellers and release quartley or if requested by a seller, Like vinted does, they will earn monies on all the interest from holding that money for a few days or longer
@@klalz03 most people will withdraw funds so they can’t guarantee money to make interest off, so yes fees will increase
Zipsale is a life changer I love it
thanks mate
Glad it's happened, ebay seller fees when you sold a item was horrendously high, my mate sold a item for £360 last week and had to pay £51 in fees!
That's the price you pay for a massive audience of potential buyers.
@@greeny1080 disgraceful hey
@@greeny1080 No
QUOTE 'Hundreds of thousands of them started buying'
LMFAO ...... This programme encouraged HUNDRED OF THOUSANDS of new Germans customers to open ebay accounts to sell the contents of their lofts??????????
Wow, the Germans really liked this idea did'nt they?
isnt transaction fees not the same as final value fee?
all taxes are voluntary
?
Not in Uk 😂
@@yusufdemirer the whole world
@@professionalgambler74 really ? So try to don’t pay tax here and let me know
@@yusufdemirerKnowledge is power, he is fully correct in what he says, although in todays world it’s a hard fight to go ahead and do. I know many people from TPUC’s group and others that don’t pay their tax, mortgage, council tax so on so forth… the system is built to make our life’s a struggle and a misery.. Fiat currency alongside the Cestui Que vie has been high on the list when it comes to fraud against the people. It goes so deep it often baffles me how we have let this happen, or our ancestors for that matter. We are so unwise it’s wild.
Why did you sign a NDA?
Does anyone know if Private accounts are down to 300 total listings, or 300 each month?
300 new listings each month. Existing listing remain in place.
@@seewhatubuy but manually relist and that happens once autorelist stops, surely that will count towards the 300 as well, so ok if all the items sell, you can then add another 300 - that is my reading of the documentation
I understand that fixed price, good til cancelled remain free. Auction auto relisting lasts 8 times. I'm not aware auto relist for fixed price items is disappearing.
@@dpm2help Is auction relisting 8 times ? Seems to be only three times for me but if that is the case then that will alter the equation a little. Never used the fixed price item, always just used as auctions.
Business fees will go up to pay for it soon.
Im all for progression and innovation, but this is just copying vinted tbh. Nothing new or exciting, in my opinion.
If they want the private sellers back from vinted, then they need to make it easier to list for the average person who hasn't used eBay before.
They need to simplify fees, there is way too many fees being added, nearly a new one every year. We need back to when it was just a listing fee and a fvf. My accountant just laughs when she gets the books at the end of the year and always asks what new way they have added to get more from you.
We will wait and see, but personally, i feel eBay has lost their touch and are simply copying the competition, which never ends well.
Next year they are planning a buyers fee, to replace the sellers fee.Buyers are saying no.
this is how vinted works
Source?
@@hyui5096 feel free to do your homework, I did mine 👍
Will definitely be opening a second private account. Maybe more, one for each niche. Worst that can happen is they prompt you to switch to a business account once your sales hit a certain level.
Not true, I saw some channels claiming that eBay has said they might ban you.
It’s so stupid .. if eBay got rid of promoted they would generate more revenue on fees and more would sell..
even worse the timing of it.
Sounds like a way of destroying small business, which is part of the bigger agenda.
Sounds like a conspiracy theory to me and we know conspiracy theories generally come true these days so you are definitely onto something here. My cynical mind couldn't help thinking the exact same thing!
@@donnajones2468 Hardly a conspiracy, or even just a theory at this point. Look at the evidence. This rule-change makes no sense whatsoever, and disadvantages buisness who have to play by the rules and legislation. (Unless im missing something)
@siturl5834 I don't believe you are missing a single thing. Nothing these days makes any sense
@@donnajones2468 Agreed…. Unless you take the frame of mind that it’s the deliberate destruction of the economy. That’s the only thing that makes sense to me.
"You will own nothing and be happy" - Klaus Schwab 2020
No different to Resellers selling on Vinted 😂 Hopefully Ebay will start getting heavy with the *Fake* private sellers though and I still think 300 listing's are too much 100 a month is enough.
The real interesting thing is what HMRC do next year with a data on everyone. Those who are legit will have nothing to worry about, a lot of others will be in for a rude awakening.
@@dpw81
Problem is u can still be a private seller on eBay and as long as u declare to declare anything over 1 k your covered
@@kimmyjoshbeth Re 300 limit, You’d be surprised of how much you can collect over 50 years that just gets squirrelled away plus I no longer do much DIY so there’s a garage worth of tools fixtures and fittings that I will never use. I started a clear out during covid now have a room filled to the ceiling with stuff that I no longer need. Let alone if, god forbid, your parents pass and you need to clear their place.
The Seller clinics are trash, don't waste your time
Even 300 listing's per month for a "casual seller" is a total slap in the face to honest resellers using a business account.
Who honestly has 3600 items of their own personal property (not bought for profit) that they want to sell each year?
3600 sounds a lot but I don't think it is. If you watch 'Sort your life' on BBC, people have 1000s and 1000s of items in their house and perhaps want to get rid of many of those items
Dear eBay I don’t like the new for mat can we go back to the old format.
So close and yet so far 😅
What's the EU Thing?
Well it's not here 😭
Why you all moaning zero selling fees happy days
The people who are moaning are the Business sellers. They DON'T get the free listings.
i got the email also
If you think about it, it makes no difference to eBay. If they carried on charging fees, they lose business to Vinted. But, if they charge no fees, they make nothing anyway. So, it would have made more sense to keep the fees (or reduce them). So, I’m assuming they’re going to make money another way from private sellers 🤔
They hope to gain a tone of new buyers & sellers with this
Which does make perfect sense if marketed well
Most people below 30 but & sell on Vinted & not eBay
If they can change that it’ll be massive
Funniest part of this vid is where you hinted at signing an NDA hahaha :-p at this stage i wouldn't mind paying the fees, not promoted of course, if they just gave me my sales back
So what's stopping you changing to a private account on ebay honestly interested to know I've allways said the same aslong as your paying your taxes and you can still accept returns on a private account like you said who cares you obviously did not have a problem selling as a buisness on a private seller platform vinted.
You can’t move from business to personal. You would need to start a fresh new account.
How do they tell whether you are a business seller or a private seller?
It'll be pretty obvious and im sure you can only have 1 ebay account per bank account so it wont be easy to trick the system into having numerous accounts. Ebay have that nifty thing which can check your bank account to confirm id so dont even chance it as they will come down hard no doubt. I'd suspect something like 30 sales a month could be the point, most likely you get a warning email that you are selling a lot. Its going to hurt some genuine private sellers if they really clamp down on it which im sure they will but they wont do nuance as they've proven over the last 25 years. It will be all blanket rules with little room for negotiation.There are private sellers on there with 10k items and even more feedback, they will surely go first but we will see.
It is no coincidence that they have changed the way private sellers get paid at the same time. My educated guess is that those who exceed a certain number in requested withdraws in any calender month will be be flagged and pushed over to a business account. I would guess that figure would be £1000 + per month but perhaps less.
@@JungleTunes94 30 sales a month for a business would surely be terrible. I have 100s of books that I am decluttering and so 30 items is very low, they are all my personal items
@@Graphicxtras1 I mean if you are a private seller this might be the point where they encourage you to upgrade. 1 sale a day average over a few months is a lot for someone selling off unwanted junk. 30 sales could be plenty, depends what you are selling but they just see 30 whether its books or gold watches. Not saying they will force you to upgrade or anything but it might be where they start sending messages. I'd strongly suggest trying to sell them at a consistent but not excessive pace rather than 500 in a month. They wont know or care where the items came from, too much work to treat everyone individually. It seems like they are going to come down harder on businesses trading as personal sellers and this will inevitably force some legit private sellers to upgrade. Maybe wait and see, there are bound to be some concrete numbers for sales qty and value before they will consider you a business. Maybe nothing will change and all these businesses will keep getting away with it but I dont think so, I think getting more private sellers onto business accounts has to be part of the strategy to compensate the loss from private sellers....
@@JungleTunes94if you’re a business and selling 30 items a month you’re not a business…
Another business eBay uk reseller moaning about fees. Time for change sure when you buy stuff of private sellers you don’t feel bad.
You know....the secret is cash flow, not profits. Business sellers sell to the new private sellers who are dumb and happy days.
Nobody who sells on Ebay will buy on eBay so silly rule. Wait until lots cancel their business accounts.
@@JonSheppardsells or just get a real job and problem solved