EBay is hungry for more listings and is being challenged by other e-commerce sites, so in response has announced that listing fees will be dropping by as much as 50% on February 20th in the US. To counter this and offset the lost revenues, sellers will be paying higher commissions on items that are sold. The biggest change is for items selling for less than $25, the commission on these items will be raised to 8.75%. Numbers released by EBay last week indicate that fourth quarter listings rose by 4 percent and the number of people actively using the site rose just 2 percent from a year ago. Perhaps the economy has something to do with that, but then again you might expect that listings would be raising during hard economic times...
EBay press release.
EBay press release.
