eBay hike fee cap for private sellers by 333%
eBay have announced an increase to the maximum fee chargeable for private sellers. The maximum fee charged per item will rise from £75 to £250.
As a private seller without a Basic Shop, this means that if you sell an item for under £2,500 your final value fee will be 10% of the total transaction price (including postage). If your item sells for over £2,500 you will be charged a maximum final value fee of £250. Previously you’d hit the maximum fee of £75 with a sale price of £750.
As a private seller with a Basic Shop, this means if you sell an item for under £3,125 your final value fee will be 8% of that total transaction price (including postage). If your item sells for over £3125 you will be charged a maximum final value fee of £250. Previously if private sellers with a basic shop would hit the maximum fee of £75 with a sale price of £937.50.
The change obviously won’t affect eBay Motors or Property listings which have a different fee structure.
This change will only affect sellers of high value items, but for those edge cases a 333.33% price hike is significant. Our advice… if you’re thinking of listing an expensive item on your private selling account make sure the listing goes live before the 2nd of September when the new fee cap kicks in