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Latest eBay Fees - some examples for CB selling

Big Kahuna

Big Kahuna

Sr. Member
Jul 31, 2008
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Been trying out the updated eBay system to sell some CB stuff and just wanted to post some examples of fees and net results.

$160.00 sale ($135.00 + $25.00 shipping) - eBay fees $21.86 = $138.14 - $14.20 actual shipping costs = $123.94 Net

$160 sale ($135.00+$25.00 shipping) - eBay fees $24.15 = $138.31 - $14.82 actual shipping costs = $123.49 Net

$165 sale ($140.00+$25.00 shipping) - eBay fees $24.15 = $140.85 - $20.86 actual shipping costs = $119.99

$165 sale ($140.00+$25.00 shipping) - eBay fees $24.15 = $140.85 - $18.76 actual shipping costs = $122.09

If I had sold locally with no fees or shipping - $550.00 ($60.49 difference)

In most cases the net cost of selling for each item on eBay is around $11-18 which isn't terrible.

I wanted to sell these items quickly so eBay was the best route this time around. I set my buy it now price low and have my shipping slightly higher as I find that gets faster sales.
 
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They "cut" out paypal. They make you use a bank account and no more paypal payments. So no additional paypal fees in these cases.
 
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Big Kahuna said:
They "cut" out paypal. They make you use a bank account and no more paypal payments. So no additional paypal fees in these cases.
Click to expand...

I've been trying to make sense of the previously mentioned changes and was looking into this on eBay and read this -

"eBay now manages payments. If eBay sends your sales proceeds directly to your bank account, and you see Available funds in your payments summary - opens in new window or tab, then your account is already activated for managed payments and the fees on this page apply to you. Any items sold once eBay starts managing your payments will be subject to these fees. Please refer to our Selling fees - opens in new window or tab article for information about the fees that apply if your account is not activated for managed payments."

I've never activated anything related to "managed payments", so I posted and sold an item, but never got a notice from them (EBAY) about this procedural change.

The process hadn't changed for me, eBay sent me a monthly invoice of what I owed 'em (their fees), PayPal took their cut (as they usually do), and the remaining $$$ from the sale was sent to my PayPal account (normal) -

This led to some more head scratching :unsure:. Were you forced by eBay to switch to a managed account? or, how did you get into it? (I'd like to know so I can avoid the same fate) Thanks in advance!
 
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Big Kahuna said:
They "cut" out paypal. They make you use a bank account and no more paypal payments. So no additional paypal fees in these cases.
Click to expand...
Actually, they have not every sale I have made in the last 2 weeks was paid through Paypal the difference is eBay now takes your Paypal payment and confiscates it so eBay gets their money immediately and you have to wait for yours for several days it massively increased eBays cash flow and makes it possible for them to completely control your business.
 
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Woody-202 said:
I've been trying to make sense of the previously mentioned changes and was looking into this on eBay and read this -

"eBay now manages payments. If eBay sends your sales proceeds directly to your bank account, and you see Available funds in your payments summary - opens in new window or tab, then your account is already activated for managed payments and the fees on this page apply to you. Any items sold once eBay starts managing your payments will be subject to these fees. Please refer to our Selling fees - opens in new window or tab article for information about the fees that apply if your account is not activated for managed payments."

I've never activated anything related to "managed payments", so I posted and sold an item, but never got a notice from them (EBAY) about this procedural change.

The process hadn't changed for me, eBay sent me a monthly invoice of what I owed 'em (their fees), PayPal took their cut (as they usually do), and the remaining $$$ from the sale was sent to my PayPal account (normal) -

This led to some more head scratching :unsure:. Were you forced by eBay to switch to a managed account? or, how did you get into it? (I'd like to know so I can avoid the same fate) Thanks in advance!
Click to expand...
You will hear from them you just got lucky so far!
 
Ebay sent out notices to sellers to set up an account with your bank or other financial institutions last year as they stated they were no longer allowing people to pay with PayPal. I kept receiving them in my email and in my Ebay messages until I finally did it. With PayPal it was an instant payment to my PayPal account when someone bought some thing but now Ebay holds the money and deposits it into my bank account after a few days. I have kept a speed sheet for almost 25 years to track all my sales on Ebay so I know exactly what I have made and paid. The average percentage of what Ebay and PayPal has charged has been 13% as of about 3 weeks ago. Ebay said in their statement about the changes that were occurring by not using PayPal that the percentage that they charge may be higher than before.
 
Just to clarify here is some additional info -

Buyers - can pay how they normally would pay, using methods previously available including Paypal.

Sellers - can no longer use Paypal to receive payments. eBay now has their own payment system that you MUST use. You have to give them your SSN and set up your bank account with them.

This change happened because of the Biden American Rescue Plan Act of 2021 - there is now a provision that anyone selling on an online platform with over $600 in sales is having that income reported to the IRS.

Under current rules, individuals who sell goods or services via platforms like Uber, Ebay, Etsy and others that use third-party transaction networks (i.e., PayPal) generally only receive a tax form if they engage in at least 200 transactions worth an aggregate $20,000 or more. That form, called a 1099-K, also goes to the IRS.

Starting next year, the federal threshold for issuing the 1099-K will drop to $600 with no minimum transaction level, due to a provision in the recently enacted American Rescue Plan Act. (Some states already have lower minimums.)

This means that in early 2023, you could receive a 1099-K for online sales you make in 2022. And this would be the case whether you’re an occasional seller or are operating as a business, as long as you sold more than $600 worth on a single platform. It doesn’t necessarily mean you’d be taxed on the money, but you would need to account for it on your tax return.

However for most of us we won't have to pay taxes on those sales as it's not "income" -

If your sales are akin to having a garage sale — i.e., you unload belongings for less than what you originally paid — there typically is no reason to report what you pulled in, said Weston at the American Institute of CPAs. Essentially, there is no “income” to report.

Of those who have sold pre-owned goods on Ebay, for instance, 85% plucked items from their house — things they already owned and no longer used, according to a recent report from Ebay.

Full article - https://www.cnbc.com/2021/03/26/its...g-the-irs-about-income-from-online-sales.html

Either way if you can make your sale locally or on the forum you're better off in the long run! This all doesn't take effect until 2022-2023 so I guess get your eBay sales in now :)
 
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tramd said:
Ebay sent out notices to sellers to set up an account with your bank or other financial institutions last year as they stated they were no longer allowing people to pay with PayPal. I kept receiving them in my email and in my Ebay messages until I finally did it. With PayPal it was an instant payment to my PayPal account when someone bought some thing but now Ebay holds the money and deposits it into my bank account after a few days. I have kept a speed sheet for almost 25 years to track all my sales on Ebay so I know exactly what I have made and paid. The average percentage of what Ebay and PayPal has charged has been 13% as of about 3 weeks ago. Ebay said in their statement about the changes that were occurring by not using PayPal that the percentage that they charge may be higher than before.
Click to expand...

It looks like the rate is around 14-15% on my sales so not a huge increase.
 
So this thread is about ebay fees, but what about paypal.

I use PayPal often and have paid members here for gear that way on several occasions. Last purchase I did here was a radio from a known forum member but he wasn't keen on PayPal. Instead I mailed a check at the same time he sent the radio and all worked out. Is there a reason some are reluctant to use PayPal?
 

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