this post was submitted on 01 Oct 2024
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[–] wiccan2@lemmy.world 2 points 12 hours ago (1 children)

Any info out there on how they actually plan on making money going forwards?

The article talks about other platforms charging a fee to buyers instead but mentions nothing about eBay introducing this.

Are they really making enough from ads on the site and vehicles to replace the lost revenue?

[–] swampdownloader@lemmy.dbzer0.com 8 points 11 hours ago (2 children)

Not certain but I believe listings are now free to post but when you sell something they charge a commission. It has been this way in the USA for a while, if you’re a small vendor you can list a couple hundred/thousand items for free and they charge fees when sold.

[–] MurrayL@lemmy.world 4 points 10 hours ago

Those are exactly the fees they’re removing in the uk:

On Tuesday, eBay said its move, which has taken effect immediately, meant private sellers would no longer pay so-called final value fees or regulatory operating fees when they sold on the site.

[–] GreatAlbatross@feddit.uk 4 points 8 hours ago (1 children)

They're also changing the way you get money after someone buys something.

eBay balance, apparently. So by default, when a transaction happens, the money stays in eBay, and you have to manually transfer it out, instead of scheduled timed payouts.

[–] thehatfox@lemmy.world 1 points 3 hours ago

So I’ve heard they have already switched eBay in Germany to this no-fee system. It proved more profitable for eBay because private sellers who accrue an eBay balance from sales were in turn more likely to spend it on eBay.