ebay Fees are now higher with new format!

[thunderbirdoz]

I've been with eBay for over 20 years, unfortunately, they've really messed up with the new format as well.

For sellers you are no longer going to get instant funds when your item sells instead you could wait up to 4 or 5 days as they will deposit directly into your bank account. They say on average that you'll end up paying lower fees as well! I just made a sale using the mandatory new format and this is the breakdown of the payment I received: 

My item sold for $11.99 + the shipping cost of $5.00 Total Sale $16.99.

The following charges applied by eBay: Final Value Fee -$2.38 International Fee -$0.20  (1.0% charged because the delivery address is in New Zealand). Per order fixed fee on final amount -$0.27. VAT was -$0.28. So Total Fees: -$3.13.

$16.99 minus $3.13 = $13.86 was deposited into my account. So the total fees on this sale are 18.42%. That is on average a 4-5% INCREASE!

[gutterpunkz05]

Managed payments works just fine.  dont know how long ago you last sold,  but there has been virtually no change to the fee structure.

Old fees     EBAY FVF  10.9%    +  PP Fee  2.5%   =   13.4%

MP                EBAY FVF   13.4%   +  30 cents

Yes as a new seller  your  funds will be on hold for  21 days ,  and yes ebay would see you as a new seller.

Bye

[jellybirddesigns]

@blacksmith - as an infrequent seller, you would be subject to the mandatory 21 day hold on payments in the same way as a new seller. This would be in the terms and conditions.

Funds can often be released by uploading a tracking number to prove shipping and delivery. This has nothing to do with greed and more to do with the prevention of fraud ie: a scammer quickly tries to sell non-existent PS5's. He won't be able to draw on the funds until the buyers confirm they have the item, which they obviously won't be able to do.

Whilst moving to Managed Payments was relatively easy for me (I'm already on that system on another site I sell through), I do agree that there have been some issues and consternation on the level of identification and banking information required. I also agree that Ebay is not the same as it once was, for various reasons. If you're just selling items from around the house, maybe Gumtree or Facebook Marketplace might be better.