@@Chicago48have you gone to the USPS website and read about the 10 year plan. I felt the same way until I understood a little better what was going on. Prices should go back down once they are out of the hole they are in.
Given that eBay knows exactly how much we paid to a shipping service, why does eBay charge us a fee on that amount alone? Because they can. If big-tech companies could put everyone in chains and suck their blood out, they would.
i just had a return were they did not reimburse my fees, they seem to have made new policy that its ok for them to rob me more, i don't sell much anymore,i had so many returns ,its like ebay is applying pressure to end my store ,i am objectively being robbed by paying fees on sales tax,shipping cost and now they have made it ok to rob me my fees it seems, of cause i called costumer service and voiced my grievance but i probably spoke to a wall,,yeah she will submit a request to reimburse me my fee on that return and they probably won't
Thank you for the information. I appreciate it sir. Im a new seller trying to figure out why out of $360 my payout is $250. I knew the answer already, just wanted to see the technical reasons. We all know the policy is steal from the poor and give to the rich. We still have to eat it regardless if we want to sell on their platform, but we can discuss it all the same. Better than pretending its all for our benefit.
I live in the UK and I'm not a seller as a business, I hadn't even used Ebay in years, I was selling a saxophone and they charged me over £30 that I did not expect, needless to say I will never use Ebay again. Edit: the item was private property and tax was already paid on it when I purchased it, crazy to think I'm taxed again to sell it on.
I appreciate your explaining why eBay began charging fees on shipping, but when you do shipping thru the eBay platform and they know exactly what you’re paying for it, why do they still charge fees on postage costs? Because they’re greedy is the only answer I can come up with. And it’s not like they haven’t done a LOT of stuff over the years, particularly since 2008, out of sheer greed.
@@russjordan243 it’s very easy. $1+$99 shipping. Period. Everyone would do it. Or they would mark items at 1000lbs. And charge $1 + $500 shipping. To many ways to scam
eBay fees should be price sensitive, 7% on under $5 items like it used to be in the beginning. Also sensitive to the proportion of shipping cost paid to buy eBay labels vs the item price. Supporting small business is all upside.
And that is great. But you are not the one that keeps the overloads checked, and keeps your nice life. It is those who question and persecute that do that for you.
I hate that they do the shipping tax when shipping is already so high & that's why we add it... Those days are long gone where people over charge for shipping, especially with this shipping calculator, just seems scummy af.
@@RockstarFlipper Or they can do like Mercari and not allow you to put in your own price for shipping and actually use what you get for shipping to go towards the label. 🤷🏿♂️
Ebay is ONE business. They only have to set up quarterly sales tax one time, in 50 states and other applicable places. A computer does the rest from there. One of their accountants pays the fees on 50+ states and territories quarterly. EASY MONEY. What do you have to say to that?
Im certain it's MUCH MORE COMPLICATED THAN that for a multi billion dollar company. They have millions of sellers with millions of accounts in 50 states, they have to pay quarterly, they have to, renew quarterly, they have to do accounting on the numbers to get it right, with each state having there own laws. its more complicated than your comment but I get it. EITHER WAY, they do the work, we don't
Poshmark was great to get my feet wet, cuz it says right out, "Sell for $25 & receive $20" But Ebay, it's an unknown equation, I haven't the foggiest idea what it will be. It reminds me of going to Canada & paying with American money and just hoping they gave me the right amount back in Canadian. I just make sure that everything is weighed so that I don't short myself on shipping like I used to. I don't miss those days ! And buy so low that I can loose.
@@RockstarFlipper Ok, but the sales tax, that number isn't known until after they purchase. And it will be different every time. I'm not complaining, but it would be nice to see the fee total while I'm waiting for the buyer to pay. No one could ever know all that tax info! For example some shoes in Massachusetts are taxable & some are not! Go figure! - Nope! I don't want to. But if Ebay could just make the buyer pay after I've accepted their offer, that would be great! ;)
@@shanabarrett5310 $6 label 13.5%. $.81 You are getting like a $3/$4 discount from retail Also if they don’t do it every single item will be $.99 and $50 shipping. 🤷♂️
Fee's on taxes kill me. I've been selling on Ebay for over 20 years and I don't mind most of the fees. The article I just read said Ebay does about 2 billion transactions a day. If each of those transactions was a 1 dollar that would be 2 billion in sales. Now lets say only half pay tax so 1 billion and the tax rate was est. 8% that $80, 000,000. Now lets say Ebay's fee is 13% that's $10, 400, 000 in fees on taxes. Let's Ebay only actually collects 10% of that 13% as an example. Then they would be making a daily profit of $1,400,000. I'm not sure of the cost to process taxes for all the sellers on Ebay but I'm betting it's not $1,400,000 x 365 = $379,600,000. To me profiting off of taxes is pretty low. All that said I'm stilling selling on the platform and Ebay knows they're currently the best way to go so we all stay.
Since eBay charges us fees on the sales tax the customer pays, How can I find out what my profit will be prior to listing the item? Different cities have different sale tax.
For a while my city had the highest sales tax in the US at 10.25% I sure miss the loophole days of buying items and not paying sales tax! Supreme court messed that one up.
I've only ever sold a product on ebay once and it cost me about $4 shipping and this was 2-3 months ago. Now as of recently I'm randomly being charged $4.27 out of the blue and little to know explanation is being given to me. I just know that my bank is calling it a "Preauthorized debit" or something with a random users name. I can't even go back and look at my sales history because it's deleted for some reason?
@@royazoulay5557 we the SELLERS ALWAYS buy the label. The buyer does not If a buyer pays you $30 +$9 shipping. YOU get paid $39. Then you buy the label for $9 and attach it after printing
I wasn’t happy because I didn’t know and just sold one item for 220.00 eBay charged buyer 247.00, I ended up with 191.00 had to pay shipping then ended up with around 186.00 that to me is way too much. Luckily I was in the item at a good price and it’s okay but what if I accepted 220 because I had 200 in it? Crazy
Ebay could do an opt in for people who want to be only charged the fees on the sale price(how many people actually read the fine print on opt in/out). Conditions would be they would be responsible for the sale tax reporting to every state(Ebay would still inform IRS of the amount that should be paid by seller), they would be required to input accurate box dimension and weights for items and HAVE to use calculated shipping with no flat shipping fees and required to purchase shipping labels through Ebay. I think it would be hilarious how many dishonest sellers would mess this up. And actually if they really tried Ebay could make it pretty much foolproof but why would they take away a revenue stream?
State laws require eBay to collect the tax, eBay cannot opt out of doing it for anyone. (You can argue those laws are not legal because the Wayfair decision by the Supreme Court was illegitimate, and it absolutely WAS illegitimate, but eBay can't do anything about it.)
I completely agree. I'd figured this out on my own with regard to fees on sales tax. I'd much rather pay eBay FVF on the tax and let them do the paperwork and remittance of sales tax to all the states my items ship to. Since promoting listings is an option, I don't really have an issue with them charging FVF on that, either, if it brings more sales. jmho
Pretty simple cap the damn shipping fees per category and drop commision on shipping. Doesnt matter anyway as ebay is going towards no selling fees and buyer fees which will kill sales
@@liverust5 never happen. Theres a reason Amazon owns. They take care of buyers. Mercari and posh with buyers fees are dumb asses. eBay won’t ever do it.
@ well if the government are taxing you on top outside of ebay how much of a percentage are you really profiting? How much markup percentage on your items is needed? I’m asking because I’m seriously considering doing this full time?
Hi I just need quick advice, my account was banned for literally no reason as this was only for selling so after a year my daughter made eBay account and after another year I’ve started listing items, is this possible I add my bank account for payout? Would eBay find out ?
I just started selling on ebay last month, you mean next year I do not have to do tax with my country here in europe? because ebay is already taking from me the sales taxes?
@@RockstarFlipper lol I know, other "tech" companies do the same thing. the problem I have is that if you get the money you are able to invest it but it is money you never see, they get to invest it. I also understand your point as well. I will bet that Ebay has a huge lawyer bill/legal department
Well you must have been watching the Facebook group that Facebook group I was talking in today about this very subject. You are being so apologetic for eBay. The problem we have is eBay making a profit off of the sales tax. So let's start with your standard fee of 13% and you promote at 8% eBay is going to take 21% on top of the sales tax money that you never even see. What eBay needs to do is not profit off it and charge a flat standard fee like the credit cards would for processing of 2% it is absolutely ridiculous if you agree with eBay taking 20% profit. I am someone who makes six figures so $100,000 dollars someone would pay $1,400 in sales tax. eBay would turn around and take an additional 1400 away from the seller.
They are doing the work. I'm good with it. I take an item, set an amount I want to get, and multiply that by 1.45. I then add $2 to set my listed price. I expect people to offer $2 less, so I get the price I wanted to get. That formula has been working well for me the past couple years.
You would think the geniuses at eBay would have a system that recognizes that a video game doesn't cost $80 to ship. I think they create their own problems sometimes and when they have to fix it, it rarely helps the sellers.
They had a system like that in place, very very briefly. A per-category fee free shipping cap would have been a reasonable compromise. But they had a virtual monopoly on the second hand market and could do whatever they wanted, and did.
@@johnathin0061892 Agree. The sad thing is say I wanted to "not ship to California or zone 8" because I didn't want to pay the extra fees because shipping is more and their taxes are higher. I couldn't opt out of that. I guess there's a reason they are called FEE-BAY lol
This one I never understood why people get so mad over lol. Every payment processor charged on the full amount. Your gas station gets charged a fee on the tax just like your grocery store. Like most other little things on ebay, people get so worried about things that just don’t matter and that won’t help them make more money instead of focusing on things that do such as sourcing the best possible items you can.
.35 cents per transaction? Where did you come up with that? I wish it was that low. Nope not even close. Case in point. I had a sale $5. The shipping was to california and came to $8 so now we are at 13. Ebay then charged 13% on that, plus en extra 40 cents for sales over $10 it came to $2.33 in fees, with free listing. I made a wopp9ng $2.66 on that sale. If all they charged me was 35 cents as you said in the video I would gave neen fine. But no, I'm now at 50% of any gross income. Wtf. Now, granted some of my larger sales have been only 25% but on average they are collecting at least a 1/3 of my gross income. That's killing me. I'm still learning, only been doing it for 1 months. But when I talked to them, they told me that was standard. On my latest sale, I made the mistake to sell boots. The sale was $8 but the shipping was $16 due to box size. Only 2 pounds though. So on $24 they got me for $3.50. I was left with $4.50. I may be missing something big, but ebay is turning me over and having a party.
1st, please understand i am a little soar at thd fees, not you. Just frustrated over all. 2nd you mentioned at 5:01 in the video 35 cents over thousands of transactions. It makes it sound like you mean ebays only charging 35 cents. You then go on to say they are only getting so much. But the fact is, that was on the very low end. My $5 transaction went to $13 with shipping and that ended up costing me $2.88. I hope I am doing something wrong and I need to watch more of the videos to learn more, but can at least see why I am a bit confused by such a low amount in your video?
@@RockstarFlipper Sorry, I thought I replied already, but I guess that did not go through. I do want to say that I am just frustrated with the system. Not at you. But I did want to add some context where you mentioned at 5:00 Mark you mentioned 35 Cents over thousands of transactions. That I felt greatly undermined how much they collect. Maybe I am misunderstanding, and granted I am loosing context because this was a week ago, but not once has my fees been anywhere near .35. What I am saying is that you indicated that the 35 cents they collected for registering for each state when paying the sales tax and that is why it was included in the fees. So I guess you were just focusing on the portion of the fees that included the sales tax. I think that is what I got hooked up on. I think I might have misunderstood that you were only talking about the fees they raise on the taxes, not including the fees they get you on adding shipping to the mix. In any case. in all my fees, nothing, not even my $5 items I sold have been less than $2.30 in ebay fees. My highest item I just sold or $125, $140 including shipping and taxes, resulted in $17 in fees. I am surmising here because I am busy at the moment, but they are making crazy money in fees right now. My end profit (item only cost me $5) was $90 and change. Anyways, as I said, just frustrated here, and your 35 cent comment just felt like you were minimalizing eBay's high fees a bit by only saying .35 cents over thousands of transactions. That is just so much on the low end. Thanks or listening.
very rude, why u upload video or either turn off comment section, now I bet u delete this comment too, I’m surprised that you got 137k subscribers with this attitude
You literally just commented on the video....which means comments aren't blocked and your comment isn't deleted. Tell me again what "attitude" I have? LMAO are you stupid?
Guys and Girls don't sweat the small stuff and keep moving
I don't sweat the EB fees. I sweat the up and up increase in postage costs. The USPS must be stopped.
eBay fees by percentage are NOT small stuff… especially when you have to do promoted listings just to get seen anymore.
@@russjordan243 13-14%. Poshmark is 20%. Amazon is 18-25%.
I mean….its normal and cheaper than most. 2% promoted is 16% total. Still fine
Needs to be a competitor!
@@Chicago48have you gone to the USPS website and read about the 10 year plan. I felt the same way until
I understood a little better what was going on. Prices should go back down once they are out of the hole they are in.
Given that eBay knows exactly how much we paid to a shipping service, why does eBay charge us a fee on that amount alone? Because they can. If big-tech companies could put everyone in chains and suck their blood out, they would.
Obivously you didn't listen to any part of this video
@@RockstarFlipper I did!
i just had a return were they did not reimburse my fees, they seem to have made new policy that its ok for them to rob me more, i don't sell much anymore,i had so many returns ,its like ebay is applying pressure to end my store ,i am objectively being robbed by paying fees on sales tax,shipping cost and now they have made it ok to rob me my fees it seems, of cause i called costumer service and voiced my grievance but i probably spoke to a wall,,yeah she will submit a request to reimburse me my fee on that return and they probably won't
Thank you for the information. I appreciate it sir. Im a new seller trying to figure out why out of $360 my payout is $250. I knew the answer already, just wanted to see the technical reasons.
We all know the policy is steal from the poor and give to the rich. We still have to eat it regardless if we want to sell on their platform, but we can discuss it all the same. Better than pretending its all for our benefit.
As always, this channel keeps us informed in reselling news information. 📰 💯
No problem at all!
I live in the UK and I'm not a seller as a business, I hadn't even used Ebay in years, I was selling a saxophone and they charged me over £30 that I did not expect, needless to say I will never use Ebay again.
Edit: the item was private property and tax was already paid on it when I purchased it, crazy to think I'm taxed again to sell it on.
I appreciate your explaining why eBay began charging fees on shipping, but when you do shipping thru the eBay platform and they know exactly what you’re paying for it, why do they still charge fees on postage costs? Because they’re greedy is the only answer I can come up with. And it’s not like they haven’t done a LOT of stuff over the years, particularly since 2008, out of sheer greed.
@@russjordan243 it’s very easy. $1+$99 shipping. Period. Everyone would do it.
Or they would mark items at 1000lbs. And charge $1 + $500 shipping.
To many ways to scam
eBay fees should be price sensitive, 7% on under $5 items like it used to be in the beginning. Also sensitive to the proportion of shipping cost paid to buy eBay labels vs the item price. Supporting small business is all upside.
I'm just happy to get a sale!!!!
And that is great. But you are not the one that keeps the overloads checked, and keeps your nice life. It is those who question and persecute that do that for you.
Thank you for explaining.
Anytime!
I hate that they do the shipping tax when shipping is already so high & that's why we add it... Those days are long gone where people over charge for shipping, especially with this shipping calculator, just seems scummy af.
if they didn't people would go right back to it $1 item $99 shipping
@@RockstarFlipper Or they can do like Mercari and not allow you to put in your own price for shipping and actually use what you get for shipping to go towards the label. 🤷🏿♂️
Ebay is ONE business. They only have to set up quarterly sales tax one time, in 50 states and other applicable places. A computer does the rest from there. One of their accountants pays the fees on 50+ states and territories quarterly. EASY MONEY. What do you have to say to that?
Im certain it's MUCH MORE COMPLICATED THAN that for a multi billion dollar company. They have millions of sellers with millions of accounts in 50 states, they have to pay quarterly, they have to, renew quarterly, they have to do accounting on the numbers to get it right, with each state having there own laws. its more complicated than your comment but I get it. EITHER WAY, they do the work, we don't
@RockstarFlipper You're wrong. I researched. It is entirely automated. I've got 25 years experience selling on eBay. EASY MONEY FOR EBAY!
Poshmark was great to get my feet wet, cuz it says right out, "Sell for $25 & receive $20" But Ebay, it's an unknown equation, I haven't the foggiest idea what it will be. It reminds me of going to Canada & paying with American money and just hoping they gave me the right amount back in Canadian. I just make sure that everything is weighed so that I don't short myself on shipping like I used to. I don't miss those days ! And buy so low that I can loose.
It isn't unknown... you can google their fee structure and use it
@@RockstarFlipper Ok, but the sales tax, that number isn't known until after they purchase. And it will be different every time. I'm not complaining, but it would be nice to see the fee total while I'm waiting for the buyer to pay. No one could ever know all that tax info! For example some shoes in Massachusetts are taxable & some are not! Go figure! - Nope! I don't want to. But if Ebay could just make the buyer pay after I've accepted their offer, that would be great! ;)
I have a Facebook portal 1gen somebody wants 40 bucks should I hold onto it or sell it and it’s brand new factory seal never been out the box
What do comps say?
Great explanation thanks!!
Anytime
If you think about it. You don’t really get a discount on eBay shipping labels when, in my case, 15% is taken out of the price as a fee.
@@shanabarrett5310 $6 label 13.5%. $.81
You are getting like a $3/$4 discount from retail
Also if they don’t do it every single item will be $.99 and $50 shipping. 🤷♂️
Fee's on taxes kill me. I've been selling on Ebay for over 20 years and I don't mind most of the fees. The article I just read said Ebay does about 2 billion transactions a day. If each of those transactions was a 1 dollar that would be 2 billion in sales. Now lets say only half pay tax so 1 billion and the tax rate was est. 8% that $80, 000,000. Now lets say Ebay's fee is 13% that's $10, 400, 000 in fees on taxes. Let's Ebay only actually collects 10% of that 13% as an example. Then they would be making a daily profit of $1,400,000. I'm not sure of the cost to process taxes for all the sellers on Ebay but I'm betting it's not $1,400,000 x 365 = $379,600,000. To me profiting off of taxes is pretty low. All that said I'm stilling selling on the platform and Ebay knows they're currently the best way to go so we all stay.
Since eBay charges us fees on the sales tax the customer pays, How can I find out what my profit will be prior to listing the item? Different cities have different sale tax.
For a while my city had the highest sales tax in the US at 10.25% I sure miss the loophole days of buying items and not paying sales tax! Supreme court messed that one up.
Has eBay changed the promotion fee like you were talking about?
Which promotion fee?
short answer corporate greed.
Pretty sneaky sneaky how they tax that tax - or rather, fee the sales tax and then ship it off to the state essentially.
I've only ever sold a product on ebay once and it cost me about $4 shipping and this was 2-3 months ago. Now as of recently I'm randomly being charged $4.27 out of the blue and little to know explanation is being given to me. I just know that my bank is calling it a "Preauthorized debit" or something with a random users name. I can't even go back and look at my sales history because it's deleted for some reason?
When you say “ 7:04 shipping label” does eBay charge you for the shipping itself and you only attached to the package and send it out?
@@royazoulay5557 we the SELLERS ALWAYS buy the label. The buyer does not
If a buyer pays you $30 +$9 shipping. YOU get paid $39. Then you buy the label for $9 and attach it after printing
5:10 I wonder if you might be off by 10x here :)
$0.35 x 100 = $35 not $3.50.
Cheers,
Julien
So which ever state you sell from you the seller collects the sales tax in your state and eBay collects it in all the other states, is that right?
Ebay handles ALL OF IT
Man it seems like the transaction fee has gone way up!!
Not much its still cheaper than Amazon and Poshmark
Thank you for the breakdown
Anytime!!
I wasn’t happy because I didn’t know and just sold one item for 220.00 eBay charged buyer 247.00, I ended up with 191.00 had to pay shipping then ended up with around 186.00 that to me is way too much. Luckily I was in the item at a good price and it’s okay but what if I accepted 220 because I had 200 in it? Crazy
S9old a coin for $35 and the fees were $5.04. Seriously. Almost 15%.
Gotta calculate the fee ahead of time and slap it on the target total, no surprises allowed
Ebay could do an opt in for people who want to be only charged the fees on the sale price(how many people actually read the fine print on opt in/out). Conditions would be they would be responsible for the sale tax reporting to every state(Ebay would still inform IRS of the amount that should be paid by seller), they would be required to input accurate box dimension and weights for items and HAVE to use calculated shipping with no flat shipping fees and required to purchase shipping labels through Ebay. I think it would be hilarious how many dishonest sellers would mess this up. And actually if they really tried Ebay could make it pretty much foolproof but why would they take away a revenue stream?
State laws require eBay to collect the tax, eBay cannot opt out of doing it for anyone. (You can argue those laws are not legal because the Wayfair decision by the Supreme Court was illegitimate, and it absolutely WAS illegitimate, but eBay can't do anything about it.)
If Ebay didn't collect it they are liable for it. Either way the tax man gets their money.
🤣
Used to sell thousands of 1¢ items back in the day, it was fun while it lasted.
Can't share the other tricks that currently work.
Oh i know them all, but I am NOT sharing them worldwide
Ebay takes charges fees on sales tax to sellers even if you fall under the threshold - its all illegal ultimately
It’s not worth it anymore!!
I completely agree. I'd figured this out on my own with regard to fees on sales tax. I'd much rather pay eBay FVF on the tax and let them do the paperwork and remittance of sales tax to all the states my items ship to.
Since promoting listings is an option, I don't really have an issue with them charging FVF on that, either, if it brings more sales.
jmho
Pretty simple cap the damn shipping fees per category and drop commision on shipping. Doesnt matter anyway as ebay is going towards no selling fees and buyer fees which will kill sales
@@liverust5 never happen. Theres a reason Amazon owns. They take care of buyers. Mercari and posh with buyers fees are dumb asses. eBay won’t ever do it.
I was told it was 20% sales tax deducted , so it looked like about 6% tax taken right
@@oiiReAPeRz huh? 20% sales tax deducted. What? eBay collects and pays sales tax for you. Most states are 6-9%
@@RockstarFlipperI’m in the uk do you know if it’s the same %
Anytime you have to pay tax it sucks !!! And promoted doesn't help my sales. FYI!
Promos help with saturated items
But what if your not a us resident n shipping from outside the us
Sorry i am unable to comment accuretly on out of country stuff
So if your running a business do you pay tax outside of ebay on top?
Sales tax? Yes of course
@ well if the government are taxing you on top outside of ebay how much of a percentage are you really profiting? How much markup percentage on your items is needed? I’m asking because I’m seriously considering doing this full time?
Sold an item for 42$ I ended up with 32$ wtf that’s so lame
Yeah why is it lame? 15% is $6.30 and any promoted you did or the label... you can start your own website and spend millions on marketing
Hi I just need quick advice, my account was banned for literally no reason as this was only for selling so after a year my daughter made eBay account and after another year I’ve started listing items, is this possible I add my bank account for payout? Would eBay find out ?
You commented this how many times?
To almost 10 utubers 😅
So any reply ?
@@ameenajaan1 I did reply. On another comment. And instead of blowing us up to do your job for you , with no information, do the work yourself.
I just started selling on ebay last month, you mean next year I do not have to do tax with my country here in europe? because ebay is already taking from me the sales taxes?
Sorry i don't know how europe works. In America they collect and pay SALES TAX for us.. We still have to do our federal taxes
does not seem legal, and is tax liability
@@Keyneron it’s 100% legal
@@RockstarFlipper lol I know, other "tech" companies do the same thing. the problem I have is that if you get the money you are able to invest it but it is money you never see, they get to invest it. I also understand your point as well. I will bet that Ebay has a huge lawyer bill/legal department
Give updated loopholes ! 🎉 not fair that ebay double dips onyo profits
So…..shipping fees we pay now came from early sellers. Nice.
@@shanabarrett5310 it would happen right now with current sellers. It’s absolutely how it should be done.
Be happy and pay your taxes. 0.35 times 100 is 3.50 huh?
35% of 100 is $35...
Well you must have been watching the Facebook group that Facebook group I was talking in today about this very subject. You are being so apologetic for eBay. The problem we have is eBay making a profit off of the sales tax. So let's start with your standard fee of 13% and you promote at 8% eBay is going to take 21% on top of the sales tax money that you never even see. What eBay needs to do is not profit off it and charge a flat standard fee like the credit cards would for processing of 2% it is absolutely ridiculous if you agree with eBay taking 20% profit. I am someone who makes six figures so $100,000 dollars someone would pay $1,400 in sales tax. eBay would turn around and take an additional 1400 away from the seller.
They are doing the work. I'm good with it. I take an item, set an amount I want to get, and multiply that by 1.45. I then add $2 to set my listed price. I expect people to offer $2 less, so I get the price I wanted to get. That formula has been working well for me the past couple years.
You would think the geniuses at eBay would have a system that recognizes that a video game doesn't cost $80 to ship. I think they create their own problems sometimes and when they have to fix it, it rarely helps the sellers.
They had a system like that in place, very very briefly. A per-category fee free shipping cap would have been a reasonable compromise. But they had a virtual monopoly on the second hand market and could do whatever they wanted, and did.
@@johnathin0061892 Agree. The sad thing is say I wanted to "not ship to California or zone 8" because I didn't want to pay the extra fees because shipping is more and their taxes are higher. I couldn't opt out of that. I guess there's a reason they are called FEE-BAY lol
Because they can!
Because if they don't sellers will scheme and scam
Ye big deal about their fortune costs they made 10.1B in 2023!!!!!
The real answer is, "Because they can, and there is nothing we can do about it".
hate when im charges that tax
They have to by law... otherwise you would have to register in all 50 states and do it
This one I never understood why people get so mad over lol.
Every payment processor charged on the full amount. Your gas station gets charged a fee on the tax just like your grocery store.
Like most other little things on ebay, people get so worried about things that just don’t matter and that won’t help them make more money instead of focusing on things that do such as sourcing the best possible items you can.
YES THIS COMMENT!!
.35 cents per transaction? Where did you come up with that? I wish it was that low. Nope not even close. Case in point. I had a sale $5. The shipping was to california and came to $8 so now we are at 13. Ebay then charged 13% on that, plus en extra 40 cents for sales over $10 it came to $2.33 in fees, with free listing. I made a wopp9ng $2.66 on that sale. If all they charged me was 35 cents as you said in the video I would gave neen fine. But no, I'm now at 50% of any gross income. Wtf. Now, granted some of my larger sales have been only 25% but on average they are collecting at least a 1/3 of my gross income. That's killing me. I'm still learning, only been doing it for 1 months. But when I talked to them, they told me that was standard. On my latest sale, I made the mistake to sell boots. The sale was $8 but the shipping was $16 due to box size. Only 2 pounds though. So on $24 they got me for $3.50. I was left with $4.50. I may be missing something big, but ebay is turning me over and having a party.
When did i say ebay charges $.35.......and only $.35
1st, please understand i am a little soar at thd fees, not you. Just frustrated over all. 2nd you mentioned at 5:01 in the video 35 cents over thousands of transactions. It makes it sound like you mean ebays only charging 35 cents. You then go on to say they are only getting so much. But the fact is, that was on the very low end. My $5 transaction went to $13 with shipping and that ended up costing me $2.88. I hope I am doing something wrong and I need to watch more of the videos to learn more, but can at least see why I am a bit confused by such a low amount in your video?
@@RockstarFlipper Sorry, I thought I replied already, but I guess that did not go through. I do want to say that I am just frustrated with the system. Not at you. But I did want to add some context where you mentioned at 5:00 Mark you mentioned 35 Cents over thousands of transactions. That I felt greatly undermined how much they collect. Maybe I am misunderstanding, and granted I am loosing context because this was a week ago, but not once has my fees been anywhere near .35. What I am saying is that you indicated that the 35 cents they collected for registering for each state when paying the sales tax and that is why it was included in the fees. So I guess you were just focusing on the portion of the fees that included the sales tax. I think that is what I got hooked up on. I think I might have misunderstood that you were only talking about the fees they raise on the taxes, not including the fees they get you on adding shipping to the mix. In any case. in all my fees, nothing, not even my $5 items I sold have been less than $2.30 in ebay fees. My highest item I just sold or $125, $140 including shipping and taxes, resulted in $17 in fees. I am surmising here because I am busy at the moment, but they are making crazy money in fees right now. My end profit (item only cost me $5) was $90 and change. Anyways, as I said, just frustrated here, and your 35 cent comment just felt like you were minimalizing eBay's high fees a bit by only saying .35 cents over thousands of transactions. That is just so much on the low end. Thanks or listening.
From a business viewpoint, FVF on shipping was a GENIUS idea
So was slavery.
very rude, why u upload video or either turn off comment section, now I bet u delete this comment too, I’m surprised that you got 137k subscribers with this attitude
You literally just commented on the video....which means comments aren't blocked and your comment isn't deleted. Tell me again what "attitude" I have? LMAO are you stupid?