Previously, FVFs were 8.75% for the first $25, 3.5% up to $1000, and 1.5% for everything over $1000. In March, the FVF is increasing to 9% of the entire transaction.
Perhaps the most outrageous part is that yet again, ebay is presenting this as a positive change that will lower costs for sellers, and the media is hilariously buying it, running headlines of "Ebay cuts insertion fees to lowest levels ever!". In other words, you'll save a few pennies off the front end of the transaction while paying much more on the back end ($20+ extra on a $500 item).
This isn't the first time ebay has played this game, announcing that it is cutting fees while drastically raising them, but I think it may be by far the biggest FVF increase in the history of ebay.
Perhaps the most outrageous part is that yet again, ebay is presenting this as a positive change that will lower costs for sellers, and the media is hilariously buying it, running headlines of "Ebay cuts insertion fees to lowest levels ever!". In other words, you'll save a few pennies off the front end of the transaction while paying much more on the back end ($20+ extra on a $500 item).
This isn't the first time ebay has played this game, announcing that it is cutting fees while drastically raising them, but I think it may be by far the biggest FVF increase in the history of ebay.
