E-baY strikes again with a fee raise

[faster100]

i just got this e-mail this morning, like they don't make enough money from sellers,
when i copy and pasted it its all jumbled up, but you get the point



We are writing to let you know that effective midnight PST, February 18, 2005 eBay.com and eBay Motors will be making changes to the fee structure.

The fee changes are as follows:

Gallery
Gallery fees will be raised from $0.25 to $0.35 per listing. We will also be increasing the size of the Gallery image on search and listings pages by 56%. This will make it easier for buyers to see details of the item before clicking into the listing.

Buy It Now
Buy It Now fees will no longer be charged at a flat rate, and will instead be determined based on the Buy It Now price. Fees will be charged as follows:

Buy It Now Price Fee
$0.01 - 9.99 $0.05
$10 - 24.99 $0.10
$25 - 49.99 $0.20
$50+ $0.25


10-Day Duration
The fee for 10-day duration listings will be raised from $0.20 to $0.40 per listing.

eBay Stores
The fee for the Basic eBay Store subscription will be raised from $9.95 to $15.95 per month. The subscription fee for Featured and Anchor Stores will be unchanged.

eBay Store Inventory format listing insertion fees will remain unchanged. The Final Value Fee for Store Inventory items will change as follows:

Closing Price Old Price New Price
$0.01 - $25 5.25% of the closing value 8% of the closing price
$25.01 - $1,000 5.25% of the initial $25, plus 2.75% of the remaining closing value balance. 8% of the initial $25, plus 5% of the remaining closing value balance ($25.01 - $1000)
Over $1,000 5.25% of the initial $25, plus 2.75% of the next $25.01-$1000, plus 1.50% of the remaining closing value balance ($1,000.01 - closing value). 8% of the initial $25, plus 5% of the next $25.01 - $1000, plus 3% of the remaining closing value balance ($1,000.01 - closing value).

Store sellers will continue to be eligible to receive 50% off of the Store Inventory listing final value fees for Store Referral credit. Please click here for details.

Insertion and Final Value Fees
The insertion and Final Value Fees will be changing for items listed in certain Business & Industrial categories. More details about the changes for these categories are provided below. The insertion and Final Value Fees in other categories will not be changing.

Business & Industrial Listings in Certain Categories
The Reserve, insertion and Final Value Fees will be changing for select high item price capital equipment categories in Business & Industrial. Please click here to view the capital equipment categories affected by the pricing change.

The fee changes for these capital equipment categories are as follows:

Reserve fee: Lowered to $5, refundable if the item sells
Insertion fee: Raised to $20, regardless of starting price
Final Value Fee: Lowered to a 1% flat fee, with a $250 maximum charge

Additional listing upgrade fees will remain the same as for eBay.com. Pricing for all other Business & Industrial listings outside the specified capital equipment categories will remain the same as for eBay.com.

eBay will also introduce Buyer Protection covering up to $20,000 per item in these capital equipment categories this spring. eBay will offer this Buyer Protection at no cost to the buyer or seller.

The following fee changes will apply to vehicle listings on eBay Motors.

Fee Changes for eBay Motors Vehicles Listings

Reserve
Reserve will be charged a $5 flat fee for all eBay Motors vehicles categories except Pocket Bikes. This fee will still be refundable if your item sells.

10-Day Listings
The fee for 10-day listings will be changed to $8 for all eBay Motors vehicles categories except Pocket Bikes.

Pocket Bikes Category
The insertion fee and Transaction Services Fee will be lowered from $30 to $3 each.
The following fees will remain the same: Reserve ($2 flat fee, refundable if item sells), Gallery (free), Listing Designer ($5) and Highlight ($5). Motors HomePage Featured fee will be lowered to $24.95 and Vehicle Picture Pack fee will be lowered to $1.50. All other fees will be lowered to become the same as those for eBay Motors Parts & Accessories categories.

For more information about these fee changes, please see our Frequently Asked Questions.

Some international eBay sites have also changed their fee structures. To learn more, please check Announcements for the eBay site of interest.

We understand that fees directly impact our members, and take care to ensure that any decisions to change fees are made only after careful consideration of this impact. These changes will help us continue to sustain and develop a thriving global marketplace, while balancing the needs of our buyers and sellers around the world.

Regards,

eBay

[danger boy]

mother suckin' EBAY! :mad: :mad: :mad: :mad: :mad: :mad:

[faster100]

i know, the little sellers like me are gonna be all but gone soon.. I mean i wont stop selling, yet... but all this stuff has to be added somewhere in the price.. buyers pay also in the long run

[bobman1235]

I'm sorry, but what the hell are you guys talking about?

First off, if you don't like it, don't use it. Go stick your stuff in a newspaper if you want to throw your money away. I think eBay's a pretty reasonably priced forum for the amount of value you get. Unlimited viewing and bandwidth for your item, easy ways of paying, protection against fraud.... and if your item doesn't sell you're paying like .30 cents to have it listed. Most newspapers couldn't give a doodle if you sell or not.

But again, if you don't like it, don't use it. There's craigslist - really small listing fee for stuff, but it's completely unprotected. I've personally gotten scammed from it, and there's nothing you can do. But if it's worth it for saving a couple bucks, all power to you.

[nadams]

Yeah, really... quit your whining about a couple cents of fees...

It's not _that_ bad.

[Demiurge]

I thought the fees were more than reasonable as well.

Huffin' Puff' over a couple bucks...:rolleyes:

[faster100]

First off, every little cent counts when you sell on a small scale.. and who asked you to determine if we should be able to complain about fee's being raised?

do you complain when your health insurance go's up? or your car insurance? or home taxes?

Do you sell on e-bay on a regular basis?

i have sold straight for 6 years, I'm a stay at home dad and take care of my daughter and use e-bay as a means for extra income along with my wife who makes a good living.. when these increases come up, it hits my profits.. i dont pad my listings with excessive shipping or handleing fee's.. high starting prices or any hidden charges.. so when fee's go up 20 or 30 cents, here and there, ended auction fee's go up, its not just .30 cents ... buy it now fee's, reserve if you use it, extra picture fee's... ended auction fee's if it sells... give me a break.. then pay-pal fee's.. someone who sells anywhere from 100.00 - 1000 a month these fee's add up! for me..

If you dont like the "e-bay" threads about fee's and such, unsubscribe... don't come in here with your "don't like it tough" attitude, it wasnt the reason for the thread...


Edit: since a few people responded since i wrote this:

No one is huffin and puffin, if you dont like the subject... don't respond.. this is coming from people obviously who dont sell much on e-bay :rolleyes:

[Early B.]

I'm with faster on this one. Those little fees quickly add up when selling on ebay. Then tack on ebay's PayPal fees, shipping costs, your personal time, etc. and soon one begins to question whether it is even worth the effort to buy or sell stuff on ebay.

ebay makes a tremendous fortune already. It's probably greed and not merely the cost of doing business that accounts for the increase in fees.

[bobman1235]

Originally posted by faster100
do you complain when your health insurance go's up? or your car insurance? or home taxes?

Do you sell on e-bay on a regular basis?

i have sold straight for 6 years, I'm a stay at home dad and take care of my daughter and use e-bay as a means for extra income along with my wife who makes a good living.. when these increases come up, it hits my profits.. i dont pad my listings with excessive shipping or handleing fee's.. high starting prices or any hidden charges.. so when fee's go up 20 or 30 cents, here and there, ended auction fee's go up, its not just .30 cents ... buy it now fee's, reserve if you use it, extra picture fee's... ended auction fee's if it sells... give me a break.. then pay-pal fee's.. someone who sells anywhere from 100.00 - 1000 a month these fee's add up! for me..

If you dont like the "e-bay" threads about fee's and such, unsubscribe... don't come in here with your "don't like it tough" attitude, it wasnt the reason for the thread...



Whoa whoa dude, take a pill. I wasn't saying you have no right to complain, I'm just saying in my view it's not that big a deal. Just my opinion of the rate hikes is they're not that big a deal, and if they ARE that big a deal to you, there's other options. I especiallly don't mean "if you don't like it tough", I mean if you don't like it USE SOMEONE ELSE. The best way to tell a company that you don't like their policy is to TAKE YOUR BUSINESS ELSEWHERE. Instead you're gonna get all indignant but just pay it anyways. If no one paid it and they lost business, fees would go back down, or a more reasonable competitor would take over.

I definitely never said I didn't like your thread, I was disagreeing with you. That's the point of having a thread, for regular discourse. If you want someplace where everyone agrees with everything you say go post in magical lolipop land.

[faster100]

I didn't want anyone to agree or disagree, Just stated a e-mail i recieved, nothing more

[Demiurge]

Just a thought...

Ebay is a business. They provide a valuble service. They're in business to make money. They make money off of their fees. They're not doing it to be good people.

If you don't like the fees why no start your own service or don't use it? It annoys me when people whine about businesses when they have no idea what kind of costs are involved in running one. I don't even see the legitimacy of this complaint. Ebays fees are more than reasonable.

It's also absurd that we're criticizing a business for being 'greedy'. So what if they are? Who are we to determine what fees they're allowed to set for their services? The only way we can do that is when things get unreasonable, new competition arises, and people go elsewhere....there's no reason for them to worry right now.

Guess we just disagree, but these fees are more than reasonable from my perspective....and yes I buy and sell quite a bit. I also don't think EBay is the best deal in town. I worry more about the people selling the items ripping me off than I do EBay.

[Pauly]

Hey boobyman he is ranting......Think we are allowed to do that

Geez :rolleyes:

[PolkThug]

"Pocket Bikes Category"

Are the fees the same for Pocket Rockets?

[Demiurge]

Originally posted by spasticpitbull
Hey boobyman he is ranting......Think we are allowed to do that

Geez :rolleyes:

Hey Spastic....he's disagreeing with him. Think we are allowed to do that! :rolleyes:

Why do people start threads if they don't want comments. Please tell me the point? Is this the 'I agree with every damn thing everyone says' board?

Sheesh. Not like anyone was even attacking him, but I'm sure that'll be the tact that'll be taken.

BLAH BLAH BLAH THIS PLACE SUCKS I'M LEAVING! BLAH BLAH BLAH

As the world turns...

[Pauly]

Originally posted by Demiurge
Hey Spastic....he's disagreeing with him. Think we are allowed to do that! :rolleyes:

Why do people start threads if they don't want comments. Please tell me the point? Is this the 'I agree with every damn thing everyone says' board?

Sheesh. Not like anyone was even attacking him, but I'm sure that'll be the tact that'll be taken.

BLAH BLAH BLAH THIS PLACE SUCKS I'M LEAVING! BLAH BLAH BLAH

As the world turns...
Was simply stating what was going on and how i seen it, notice i havent stated an opinion on ebay's fees. I dont see it as an attack so piss off

Paul

[faster100]

Demi you are the king of controvery, so i can see your stance..
i posted with no hopes of any response or not... either way. It wasnt up for disscusion, because that would imply we could change something with the fee's..

Public service announcment maybe for people who didnt read the e-mail sent by e-bay "if you will"

Also it wasnt someone disagreeing, He said if i dont like it dont use it!! period

I'm not in the mood for a rant piss fest!!

I wasnt even officially Bicthing about the fee's.. I said the small sellers would be all but gone with these increases.. so take it for what ya want to :rolleyes:

[danger boy]

i don't mind pay .10 more for a listing or whatever.

but when you raise the final value fee by huge percetage that's F*cked!

$0.01 - $25 5.25% of the closing value 8% of the closing price

$25.01 - $1,000 5.25% of the initial $25, plus 2.75% of the remaining closing value balance. 8% of the initial $25, plus 5% of the remaining closing value balance ($25.01 - $1000)

Over $1,000 5.25% of the initial $25, plus 2.75% of the next $25.01-$1000, plus 1.50% of the remaining closing value balance ($1,000.01 - closing value). 8% of the initial $25, plus 5% of the next $25.01 - $1000, plus 3% of the remaining closing value balance ($1,000.01 - closing value).

these are percets..they add up quickly. from 5.25% to a whopping 8% is a big fat hit in my pocketbook.

i'm just an occasional seller on Ebay.. so it won't hit me that hard either. but come on.. Ebay already owns Pay Pal which is gang buster business.

What if your internet service jumped 8% would you be concerned?

hell yeah most would be outraged.

[Demiurge]

*EDIT*

Nevermind

[faster100]

Originally posted by Demiurge
[BWell. The solutions seems simple. Don't like it, don't use it, start something different, or start your own.

I guess what is how you act like businesses don't go through the same things familys do. Health Insurance costs (which kills businesses like mine) going up. Costs of business in general.

I certainly didn't expect your reacton. I'll remember not to reply to any of your threads where a disagreement may be had.


[/B]

don't edit it demi, and don't try and play this card,"I'll remember not to reply to any of your threads where a disagreement may be had."
you started this nonsense... I just posted info and my opinion, so it seems im not the only one who agree;s except for the people who want to post just to start crap,.

It just so happens "guys" This isnt a hobby but a small source of income for us, so before you run your mouth... think

I'm done,

[Demiurge]

Actually....I'd rather not respond to you on this subject anymore. So respect my wishes and take my post down. For a person who doesn't want an argument you sure in insistant on having one. Why?

And....I'm the 5th reply to this thread the majority of which disagreed with your complaint. So don't say I started anything. You're the biggest crybaby on this board and I don't know many that would disagree

[faster100]

.

[dragon1952]

Yeah, really... quit your whining about a couple cents of fees...

I agree with faster and Early...it's like taxes. They add a few cents every so often so it doesn't seem like much at the time. Then all of a sudden you notice they're taking 30% of your income or you're paying $3 a gallon for gas. :rolleyes:

[fireshoes]

I agree that it is an awfully big increase on the final value fees. It's not like it's an inflation thing either, since it's percentage based. It's just a "we want more of your money" thing.

[AsSiMiLaTeD]

ditto what DB said...

a few extra cents on this listing fee isn't that big of a deal...but going from 5 to 8 percent on the finaly value amount really sucks...

Sure, they're a business and can obviously set the price as they see fit...

I just think that if they keep doing this crap over time, the benefit of buying on Ebay will no longer exist...

[VR3]

EBay charged me like 20 bucks to sell my RTi70...

That was insane, it was about as much as it cost to ship them...

I wont sell on ebay anymore, unless I *HAVE* to

[danger boy]

Originally posted by Vr3MxStyler2k3
EBay charged me like 20 bucks to sell my RTi70...

That was insane, it was about as much as it cost to ship them...

I wont sell on ebay anymore, unless I *HAVE* to


then if you accept Pay Pal from people.. Ebay also charges a % fee there too for the transaction. so Ebay bitch slaps you twice for one auction.

it's downright hiway robbery if you ask me.

as a buyer on ebay.. you don't have to pay ANY fees. the seller gets whacked with all their fees.

[MacLeod]

I think it comes under the "slippery slope" thing. People rag on you when you oppose a .01% increase in taxes but think about this. There was a time when there wasnt an income tax and they started one in the 40's I believe at a mere 1% and it was supposed to be temporary. By the 70's the top marginal rate was 70%! Now, even with all the tax cuts, its still 36%.

This isnt meant to start an income tax debate just as an example on incrementalism. A wise man once said,"freedom is seldom lost all at once".

Now again Im not saying Ebay is taking away our freedom, thats absurd. Im just using it as an example.

[brettw22]

Originally posted by danger boy
then if you accept Pay Pal from people.. Ebay also charges a % fee there too for the transaction. so Ebay bitch slaps you twice for one auction. I quit accepting PayPay for Ebay auctions because of this. I understand an increase in prices as a part of doing business. They've virtually doubled their fees, and that's excessive in any stretch of the imagination.

I just left my car insurance company on principle alone for doing this very thing. EFF the companies that just slap large increases 'because'.

[PolkThug]

Originally posted by brettw22
I just left my car insurance company on principle alone for doing this very thing. EFF the companies that just slap large increases 'because'.

I did that also not too long ago, I warned them I was going to switch. Then after I switched, I somehow qualified for a cheaper rate.:rolleyes:

[Early B.]

Bellsouth did that to me a couple of weeks ago after I switched to another provider. Just pure greed, man.

[reeltrouble1]

I sincerly hope this will be the beginning of the end for E-bay (E-pay) as some of us like to call it.

I have always wondered why Paypal was entitled to a Percentage of a sale. Does is it cost more to make a transfer of funds or charge a credit account based upon price? I see virtually no risk that E-bay takes with their Paypal service since if they dont get their dough they apparently freeze the sellers account until they do and remember they want you to get "verified" so they can get to your bank account. At least they did on a sale to a seller I purchased from when the item did not work and I chose to get my Credit Card Company involved. I see this as different than the Creditor who issued the card who knows some folks will not pay their bill. Although I generally feel most Credit Cards are a big rip with the interest fee's.

I know some of us like Paypal and use it and dont have a problem with it, but I believe Paypal would like nothing more than to become the standard for moving funds getting a little of all of us everyday. A sort of cashless society where you "pay" a tad of a fee for everything you buy. May not happen but they sure would like for it too.

The cost to the vendor for my debit card is a flat rate. Eliminating the cost of transaction fees is big business for the money boys, I suspect the big banks will eventually get in the act, so E-bay/Paypal has to act now to build their part of the money empire. Anyway, now Ebay wants to up their charges across the board including percentages for a sale. Why? Well we know, as has been said to make money, to seperate you from a bit of your cash times millions of sales for the convenience of their selling/buying services.

I have sold lots of stuff with free or minimal cost paper ads. How about a good ole check or even a money order for payment, well some have caught on that this does work for payment (it always has) so Ebay loses the Paypal fee if you have the dough to pay for the item without a CC. I doubt this is the only reason they are raising their rates but it would not hurt my feeling if I never saw that Paypal add 3% or Paypal Preferred message ever again.

I was spending cash buying things along time before E-bay/Paypal. Just have to wait and see what competion for your's and my dollar develops.

Ok, I feel much better now. Christ I have only ever bought three things on e-bay and tried to sell something once. Guess they wont miss me.

RT1

[danger boy]

seems like some of us here aren't the only ones ticked off at Ebay. But seriously.. in the end.. it'll just may Ebay more profits and hurt sellers in the pocketbook.

SAN JOSE, Calif. (AP) - Some small business owners who reach most of their customers via eBay Inc. (EBAY) expressed anger Thursday at the online auction giant's plan to boost the monthly fee it charges sellers by 60 percent. Its shares lost nearly 4 percent.

EBay outlined the increase in a terse e-mail on Wednesday to all buyers and sellers, including small business owners who hawk clothing, electronics and other low-margin commodities.

"It seems as though the larger eBay becomes, the more greedy they become," said Lynette McDonald of Alton, Ill., who has sold Barbie and baby clothes on eBay since 2001. She says she may close her eBay store entirely because of the fee hikes or raise prices she changes buyers.

Starting Feb. 18, eBay said the monthly subscription fee for people who operate "Basic eBay Stores" will increase from $9.95 to $15.95.

The fee for a standard listing of 10 days will double, from 20 cents to 40 cents.

"This site used to be a place where one could get a good deal," McDonald said. "Now that the starting prices on goods are higher to accommodate the growing fees incurred, there are no more deals to be had."

Such reactions underscore the popularity eBay has achieved with small business owners who can't create their own Web sites or operate a traditional bricks-and-mortar establishments. Peddling vintage china, handmade sweaters, classic cars and other collectibles on eBay generates supplemental income for senior citizens, rural Americans and others who live far from commercial hubs.

EBay spokesman Hani Durzy declined to discuss how the price hikes would affect revenue at the San Jose, Calif.-based company, which reported sales of $805.88 million in the first three quarters of 2004. The company will report fourth-quarter earnings on Wednesday.

"We believe the price changes are the right thing to do to ensure the continued success of the marketplace," Durzy said. "Ultimately that's good for the entire community of buyers and sellers."

The changes, combined with eBay's dominance in the auction and online payment sectors, prompted some members to ask whether the government or a fair-business consortium should regulate fee structures so small-scale entrepreneurs don't get gouged.

"Yes, it is a free market and sellers can take their business elsewhere, but there is very little competition for this style format," said Artie Klawans, an art dealer in Ft. Lauderdale, Fla.

EBay shares fell $4.12 to close at $103.13 on the Nasdaq Stock Market. Its shares were at a 52-week high of $118.42 in December.

[faster100]

Great article danger boy,

Guess i wasnt alone in my thoughts on the new price increase, Ah well gotta check my auctions... :D

[Demiurge]

Originally posted by faster100
Great article danger boy,

Guess i wasnt alone in my thoughts on the new price increase, Ah well gotta check my auctions... :D

Reasonable people will disagree with Ebay's antics. A lot of people have a legitimate gripe. I think the fact that you get all bent out of shape when people don't agree with you to the tee is what irks the hell out of me. Initial responses were a mere differing opinion on Ebays fee increase.

Everything that doesn't completey correlate with what you say is some giant attack. You may damn well be a great guy, but your EBay and Flea Market antics aren't new to us all. I just appreciate if you don't try to personally smear those who have a differing opinion. We all do it, but this is consistent for you. I really have no argument with anyone else here because they're all making valid points without the personal callousness. You leave one no choice but to respond in kind. Maybe dial it back a bit and not take everything so personally.

And if you didn't think my suspicions are justified here's just one small case in point (http://clubpolk.polkaudio.com/forum/showthread.php?s=&threadid=16555&highlight=Faster100+Ebay) and another (http://clubpolk.polkaudio.com/forum/showthread.php?s=&threadid=18647&highlight=Faster100+Ebay).

[faster100]

Demi,

NEXT!!!


jackass . :D

[brettw22]

I hate edited posts where people delete all their stuff.......so weak.

Life Lesson: Many people don't have the capacity to change.

[dragon1952]

The bottom line is that the Ebay/PayPal conglomerate is making huge, obscene profits. Notice the spokesman won't address that. You know they can't blame it on increasing overhead. They certainly would have mentioned that if it were somehow true. The only reason is pure greed...because they can, and virtually no competition. They're no better than the gasoline and energy companies who gouge their customers every chance they get for no apparent reason other than pure greed.

[bobman1235]

Originally posted by dragon1952
The bottom line is that the Ebay/PayPal conglomerate is making huge, obscene profits. Notice the spokesman won't address that. You know they can't blame it on increasing overhead. They certainly would have mentioned that if it were somehow true. The only reason is pure greed...because they can, and virtually no competition. They're no better than the gasoline and energy companies who gouge their customers every chance they get for no apparent reason other than pure greed.

Very true, but this is capitalism. I mean, some guy thought up eBay, built it from the GROUND UP. It's not like some huge company started it and through unlimited resources made it a monopoly. They had a good product at a reasonable cost, people bought in, and they grew. It seems now that they've outgrown their britches, so to speak, and teh common man (you folks) don't wanna pay the fees anymore.

Look at what's going on on this very forum with Monster Cable. I'd say as far as market share goes, they're almost as high percentage-wise in their market as ebay is in teh auction market. But we're boycotting them. So boycott ebay. Provide or point out alternatives. Make the system work for you. Otherwise everyone here will continue to use eBay despite not agreeing with their business practices, and they'll just get worse, and it'll be even harder to provide an alternative. And then what, you're gonna ask the government to step in, and not allow ebay to charge so much?

I hate to see that this thread devolved into a bunch of namecalling, because you guys KIND OF make a good point about eBay price gouging - the problem is you treat it like it's a lost cause and someone's twisting your arm to pay them. I'd love to see a NEW thread that said "boycott ebay - try these auction sites". i know yahoo has one. Get a campaign going. Be proactive. I know when I don't like a company (Best Buy, for example) I speak with my wallet.

[faster100]

I tell ya what, i didn't mean for this thread to turn for the worse.. i argued too in this thread,

Only because some things in life are held in higher regards then to other people.. if that makes sense.. Right now e-bay is my bread, not forever but for now.. and every increase is an increase. and loss all at once. and your right i'll keep selling as long as i need to, and capitalize like all the other sellers and the owners of e-bay.

Seems anything remotely controversial (sp) shouldnt be brought on the polk forum, because it turns ugly 90 out of 100 times..

lets agree, no more e-bay talk...... I can't see a boycott at this point. But any mention of fee's and pay-pal and such is a sore spot for some...

Besides!!!!!! It's Friday... eff it :D

[reeltrouble1]

Demi is cool even though he is a Cheese Head!!!!!!!!!!!!

Bobman--Friggen Boston what you win ONE world series in about a hundred years and now your all about peace.

Let em gripe, or have you forgot how many years we had to listen to Mass. about your beloved Sox.

RT1

[bobman1235]

Originally posted by faster100

Besides!!!!!! It's Friday... eff it :D

LOL, yes, let's just crack open a beer and crank up the system.

Err.. when I leave work, that is :)

[danger boy]

OK. i'm in for letting this die out. I've said my piece about Ebay. I think we all know how disgusted I am over Ebay sellers getting f*cked.

someone said it's only the cost of doing business.. i understand that. When Ebay began in the 90s.. i'm sure it cost less doing the same thing they are doing now.

Imagine if you can.. you have your mortgage rate for your lovely home at 5.25%, then your mortgage company sends you an email stating your NEW rate will change in Feb 2005 to 8.00%.

Would you be a little ticked off? Hell yeah! But your mortgage company is telling you it's just the cost of doing business.. or worse yet.. they don't give you a reason for the increase. It's a done deal.. you have no recourse.

Honestly.. does the cost of doing business raise that much? who's to say.. that they won't do another "cost of doing business" rate increase later this year or next?

anyway. i'm out. no more whining from me about it. I'll just buy and not sell anymore on the bay.

[brettw22]

I would like to see what their stock does over the next month or so to track the effect of this rate change....

[trubluluc]

Originally posted by brettw22
I would like to see what their stock does over the next month or so to track the effect of this rate change....

I see it (their stock) going in one direction....UP.
Simple reason.....NO competition.
Business life is pretty uncomplicated when you are a monopoly, ask Microsoft.
People will gripe for a while, just like when the landlord raises the rent, then they will just suck it up, because what options do they have?

I say we start our own online bid company.

let's call it.
EBID

makes more sense than ebay.

-Luc

[reeltrouble1]

EBID is cool, how about MONSTERBID!!

[bobman1235]

Got this from ebay today, related to the fee raise... just in case anyone was not aware of this :

Dear eBay Seller,

Recently, we announced fee changes taking effect on February 18th and affecting certain optional listing upgrades on eBay.com, the subscription fee for a Basic eBay Store, and Final Value Fees on Store Inventory Format listings. Based on Community input, we understand our original communication was a bit unclear.

To clarify, no changes are being made to the Final Value Fees on Auction-style, Auction with Buy It Now option, and Fixed Priced listings (with the exception of certain Business & Industrial capital equipment categories). Final Value Fee changes apply only to Store Inventory Format listings, a listing format only available to Store sellers and with durations of 30, 60, 90, and 120 days and Good 'Til Cancelled.

The Final Value Fees for Auction-style listings, Auction with Buy It Now option, and Fixed Price listings have remained unchanged since 2002.

You can view the full details of the pricing announcement here.

Regards,

eBay

[goingganzo]

the problem is there is no other on line aucton site and so ebay can charge what they want. and we have to take or not use the site.

[dlew308]

There's sites like bidville.com and yahoo's auction, even gun auction sites ;)