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Rich Franco

1 Month Ago

Hey Ebayers!!! What's New On Ebay?

Hello to All!

I'm getting ready to post some tidbits on eBay, which I haven't been on for 10 years or more! Sold a TON of camera gear for a friend, over 6 figures back then! Now, some of my "leftovers", darkroom lenses, loupes, Cokin filters, maybe some small studio stuff. Just listed my first item, El Nikkor 135 darkroom lens, which is scheduled in an hour or so. My "handle" is notmerlot.

Anything I SHOULD NOT DO these days? How about pricing, or WHO can bid on stuff. I seem to remember that I could limit offers just to the USA. Looking to do the 7-day listing and wonder what is the best time to "END" the sale? Sunday? Saturday?

Anything would be helpful, thanks...

Rich

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Sv Bell

1 Month Ago

Ebay has changed a lot since...

The main change being its billing system. Now everything has to go thru Ebay, no more support for Paypal, check or wire transfer. So you need to connect your bank account with Ebay to get paid, it can take several days / weeks before setup is complete. Customers can no longer use Paypal or anything else either, they also need to have their bank account connected. Ebay lost millions of customers when they forced that transition last year.

Ebay fees are now 25%, and if your item does not sell the first time it will be relisted automatically up to 8 times. I suggest you chose the fixed price 'Good 'til Cancelled' option, which is a 30 days auction, and it gets relisted over and over until it sells. Or you end the auction.

The shipping calculation engine is pretty awkward too and not very friendly when you try to make it work for any territory. I guess it's a bit easier when you sell only within your country.

I'll take a look at your photo gear!

 

Sv Bell

1 Month Ago

If you have a Paterson developing tank, with two reels for medium format film, I would be interested!

 

Abbie Shores

1 Month Ago

I use PayPal to pay for everything in eBay. Could that be a USA eBay only change you're talking about?

 

Donna Mibus

1 Month Ago

Sv… where are you getting your information? I’ve seen you share erroneous information before. Please post links of where you are coming up with your info, so people can verify.

That is not the correct selling fee info.

https://www.ebay.com/sellercenter/selling/seller-fees

And customers can pay with PayPal.

https://www.ebay.com/help/buying/paying-items/paying-items?id=4009

 

Rich Franco

1 Month Ago

Boy oh Boy!

Just started posting some stuff and really different from years go. DID have to connect my bank account, over Paypal, didn't see an option here, maybe somebody can direct me to it?

Not sure what the "fee" is, not posted when filling out the new items???

Picked 7 days and will see what happens.

Rich

 

Rich Franco

1 Month Ago

Donna,

Looks like YOU CAN BUY STUFF with Paypal, but doesn't mention getting PAID by Paypal....???

Rich

SV, sorry all my old darkroom went years ago, from 4x5 enlargers to film stuff....old kits for processing 4x5 sheets of film even....

 

Susan Maxwell Schmidt

1 Month Ago

I was going to say that surely I must have paid for something on eBay using PayPal within the last year, I don't remember there being any problems doing that. Otherwise I would not shop on eBay ever, not that I do very often.

Is that 25% right? Because holy moly!

 

Rudy Umans

1 Month Ago

Susan. The 25% is incorrect, at least in the U.S..

the percentage depends on the type of goods and the sales amount. The highest commission percentage is 12 9% plus a few pennies per listing.

12.9 % is still a crime though imo and bad news for hoarders

 

Rich Franco

1 Month Ago

Susan,

I think the point is that buyers can purchase using their Paypal accounts, but sellers.....ME....can't receive payments!

Rudy,

Yeah, 25% does SEEM a bit high.....LOL! Years ago, I think it was running 8-9% if I remember correctly....

Rich

 

Bradford Martin

1 Month Ago

I got heavy into selling on Ebay recently. It was a rough start figuring out what to do and not to do. When you are new you can't sell internationally. But after a couple of sales you can. You have the option to ship through eBay. By all means do that for international sales. I had a sale from Canada. eBay had me ship to Miami and they took it from there. They handle customs. They make international easy. It does take a while because of customs holds. You cannot ship cameras to China! You may get some high offers on them but do not do it, because it is not legal to ship cameras there. I don't know why.

I do not accept offers. What happens is if you accept an offer, the sale is marked as sold. But they may not have paid. So you are stuck and it gets complicated to relist. Also if you run an auction, you have to wait for the high bidder to pay. Again the sale is shut down and the buyer can disappear.

I sell at my price only. No offers, no auction. I like things simple. This is becoming a more common way to buy and sell on eBay.
I keep boxes and bubble pack on hand. When I want to sell I pack it up and box it but don't seal it. You will need a scale to weigh the package and then measure it. I let the buyer pay shipping. Then you are never stuck. eBay calculates the shipping. I use the eBay label which gives you a discount on the shipper of your choice. You can print the label, but I just save the qr code. The post office or shipper will scan the code and print the label right there. I prefer USPS. You can actually ship from home, but I don't.

Recently I sold a Nikon d750 (love my D780!), a broken Z50 (for parts! ) a studio mic, some tripod quick releases and 2 broken flashes. Right now I am selling an old Kenko 1.4 teleconverter for $49.00. I have an old flash from the film days that I wouldn't want to mount on my DSLR. I can get good money for it. People use them with radio triggers.
Eventually I will start selling some of the aftermarket manuals. It gets easier as you go along.

They pay out on a schedule. It goes right into your bank account. I think it is every week or so, I forget. Once the shipper marks it as delivered they cue up a payout. The payout would be for all sales, minus the fee, minus the cost of any shipping labels you use. You actually profit from the shipping, so use their labels and you get a discount on shipping.

 

Sv Bell

1 Month Ago

This is the information I got. It's from UK though:
https://www.bbc.com/news/technology-57318294

Maybe in the US Paypal is still accepted?
When I resumed selling on Ebay last year (I'm in Canada) I could not fix my account and I had to connect it to my bank to make it work.

I found on Ebay's website that the rollout of this transition will take place until 2023. Maybe new accounts are forced to use the Managed Payment, but current accounts can still use Paypal for now.

https://www.ebayinc.com/stories/news/ebay-to-intermediate-payments-on-its-marketplace-platform/

Forums are filled with people complaining about that!

 

Sv Bell

1 Month Ago

As for the 25% fees, it is a rough estimate of all the percentages paid, Ebay markup, the processing fees and so on... Ebay take about 15% (depending what categories you sell into) but there are other fees to consider. Especially when you're selling in other countries - currency exchange has hidden fees too.

Here you can have a good overview of all those fees. Article updated last January.
https://www.channelreply.com/blog/view/cost-to-sell-on-ebay

 

Susan Maxwell Schmidt

1 Month Ago

Yeah, screw that. I was a Power Seller years ago, I sold mostly art glass. Yeah, I know... I shipped expensive glass and somehow thought that was a really good idea. Anyway, I thought the fees were high then! Nuh uh, I'll stick with Etsy.

 

Roger Swezey

1 Month Ago

What's New On E-Bay

Another of my vulture sculptures has just been posted, among those already posted.

I'm thinking of buying this piece....The price is right

I'm, now, trying to remember when I sold it the first time


Edit:

I gave up competing with those that got a hold of my work at estate or sad to say, "yard" sales, and put them up for sale on E-Bay.

(By the way, I have a sneaking suspicion, that some of my really early work, showing up on E-Bay, come from those I had left on consignment at a Manhattan shop, that just disappeared, one day, never to be seen again. [until, perhaps, now] )

 

Bradford Martin

1 Month Ago

As for the fees, if selling domestically the fee I pay is 12.9% of the total sale price with shipping. But you make money on the shipping if you use their label. 25% seems a bit of a stretch, but it can get complicated if shipping international. I always use eBay's international shipping service.

https://www.ebay.com/help/selling/fees-credits-invoices/frais-pour-les-vendeurs-particuliers?id=4822

 

Sv Bell

1 Month Ago

Yes, correct, Bradford. Each sale is different, depending on the item sold, the listing times, the location of the buyer, the location of the seller...

The last sale I made, the customer paid a total of $88 for a print, and at the end of the chain I received from Ebay a deposit of $71.15 in my business bank account. About $17 in various fees on a $88 sale, that's somewhere between 20 and 25%.

 

Rich Franco

1 Month Ago

Brad,

Thanks for the extensive "report". I had forgotten about the shipping end and how best to ship stuff. Years ago, a "buyer" from overseas, did "win" the sale, but was a fake and the money never appeared! ALL the interested parties moved on and I then had to repost the SAME camera, Medium Format Seitz Roundshot, including the Hasselblad lens, "sold" for $12,000 to the fake buyer and then, when I reposted it, finally sold for only $6,000!!! My buddy had all the TOP OF LINE stuff!

Another "buyer" wanted to overnight me a check, it was his son's birthday and asked if I would ship the camera that afternoon, so his "son" would have it the next day in Nigeria......BRad, take a look at my eBay stuff if you get a chance and let me know what you would change for the next stuff I post....."notmerlot"

Sv,

Yeah sometimes it's worth it sometimes not.....

Rich

 

Ralph Jones

1 Month Ago

I just started selling again after not having sold anything on Ebay for a few years.

The most annoying thing about the new policies is that they are basically treating anyone who hasn't sold recently as a potential criminal, and holding your funds until the buyers receive their items, which was never done before. I've had an account for over 20 years with 100% positive feedback, and not one negative feedback, and after not having sold for a few years, I sold some books Friday before last and they held the funds until the buyer received the items.

I called Ebay and spoke to them about this, and apparently if you use a tracking number (which you should anyway), the system flags it when the tracking number shows delivered, and if your payments are set to "daily" you should get paid the next day. But if you don't use a tracking number Ebay guesstimates how long it should take and releases the funds after a few weeks. It states in your "payments" section what the estimated release date is for each sale. I actually only had to wait about 5 or 6 days after the sale before I got paid, because the shipping didn't take that long.

Apparently Ebay is now doing this because there was so much fraud before, but I don't appreciate being treated like a potential fraudster and told Ebay this. If a person has been an Ebay member for over 20 years with no negative feedback, they shouldn't be doing this. Supposedly the "holding funds until delivered" policy will stop after I make more sales. He said around 12-15 but couldn't be exact.

You can still pay with Paypal, but as others have stated, you cannot get paid to your Paypal account as we did before. You have to give your checking account and it goes directly there.

You can set up the frequency of your payments so I'd be sure to change it to "daily" in the payments section, otherwise you can get paid "weekly" or on other timeframes.

Also, it seems Ebay is taking a page out of Amazon's unethical behavior and taking their final percentage cut out of your shipping costs too. So if you only charge customers what it will cost you to ship an item, be prepared to lose money on shipping! Thanks Ebay, really appreciate it!

 

Rich Franco

1 Month Ago

Ralph,

Thanks for this. Yes, big changes since I was active here. If I was doing this professionally, would drive me nuts! But really, just trying to sell a few items this time around and then Vaya Con Dios....

Rich

 

Mike Reid

1 Month Ago

Keep in mind that ebay will now 1099 you for any sales proceeds totaling more than $600:

"Starting on Jan 1, 2022, eBay and other marketplaces are required by the IRS to issue a Form 1099-K for all sellers who receive $600 or more in sales."

I've never been much of a seller there, mostly a buyer since 1999. Specializing in finding people who can't spell the name of the item in their hands.

 

Rich Franco

1 Month Ago

Mike,

Thanks! AND HOPE I have that "problem"! Nice stuff over at your place...

Rich

 

Elton Eveningred

1 Month Ago

I ALSO ONLY USE PAYPAL ON E-BAY...SAFE SECURE...

 

Floyd Snyder

1 Month Ago

Nothing wrong with the eBay pay system. I like it better than using PayPal.

I'm fine with 1099. I report all my eBay and FAA sales and all other sales from the internet.

Doing business on eBay is like doing business anywhere on the net. Learn the system and then work the system and never try to beat the system like so many do.

I own one of the largest eBay Facebook groups on Facebook. I get questions about bad transactions all the time. I used to try to work with these people but 99.999% of the time, their problem was they were trying to beat the system or just didn't read the rules and they screwed up. Of course, most of them, like everywhere these days, refuse to take the responsibility for their own mistake.

I just ignore their inquiries now.

 

Ralph Jones

1 Month Ago

Many people aren't fine with 1099 because they may be selling used personal items for less than they paid for them, and are not required to pay income tax on. But if they now sell more than $600 worth of used personal items on Ebay, the IRS will be notified of the amount, and may question why your reported income does not match what they are seeing on 1099s.

 

Rich Franco

1 Month Ago

Elton,

I assume you mean you use Paypal to BUY stuff, not to get paid for sales of your stuff?

Floyd,

What is your group? Should I join? One of the items that I'll be putting on eBay, is an old camera system, with a LOT of history behind it, Ikon Maximar 207/3, with the Tessar 105/F4 lens that was used by my ex-father-in-law, when he was in the Navy, before and during the War, WWII. He was a model maker and his job was to build scale models of Japanese and German warships, then photograph them, with this camera kit and then the Navy would use those images to teach the pilots which ships at sea were okay and which were enemy ships....war ships.

The camera has a LOT of history and worth much more than what other cameras are, that are on eBay, etc. I started to contact a museum, the Naval History Museum and maybe will hear from them if they are interested in buying this for their story....any other suggestions?

Ralph,

Thanks, but not an issue.....YET! LOL!


Rich

 

Floyd Snyder

1 Month Ago

"I received from Ebay a deposit of $71.15 in my business bank account. About $17 in various fees on a $88 sale"

That would be 19.14772%, according to my $2.00 calculator.

I pay $69.73 for a canvas 24 x 36 canvas. I sell it for $239.

The final Value fee is $23.90.
The PayPal or eBay fees are $7.23
Total eBay Fees $31.13 13.03%
Gross profit is $207.87 (including shipping to my buyer)
Net profit (after cost of goods) $138.14.

After all fees and expenses, I am netting 197% on my investment in the item.

I will take all of that that I can get.

 

Floyd Snyder

1 Month Ago

" But if they now sell more than $600 worth of used personal items on Ebay, the IRS will be notified of the amount and may question why your reported income does not match what they are seeing on 1099s."

Which is easily explained in the tax return.

 

Rich Franco

1 Month Ago

Floyd,

I would look forward to having that problem....a BUNCH of 1099's....

Rich

 

Ralph Jones

1 Month Ago

"That would be 19.14772%, according to my $2.00 calculator.

I pay $69.73 for a canvas 24 x 36 canvas. I sell it for $239.

The final Value fee is $23.90.
The PayPal or eBay fees are $7.23
Total eBay Fees $31.13 13.03%
Gross profit is $207.87 (including shipping to my buyer)
Net profit (after cost of goods) $138.14.

After all fees and expenses, I am netting 197% on my investment in the item.

I will take all of that that I can get."


Your numbers don't tally with the current seller fees listed on Ebay.

 

Floyd Snyder

1 Month Ago

Yes, they do. That is exactly what the figures are on one of my last transactions.

Many factors may explain the difference, including the Store Plan you are on, listing fees etc, etc





 

Ralph Jones

1 Month Ago

"Yes, they do. That is exactly what the figures are on one of my last transactions."


For a start, your final value fee of $23.90 is ten percent of your $239 sale of the canvas.

I do not see 10% listed as a final value fee in any of the final value fees listed in this guide to Ebay's fees:

https://www.ebay.com/help/selling/fees-credits-invoices/frais-pour-les-vendeurs-particuliers?id=4822

 

Sv Bell

1 Month Ago

Nope, but that's what I got.
Apparently Ebay's Managed Payment has roughly the same fees as Paypal's but I can't verify that since Paypal is no longer supported here. It was not an option when I reactivated my account, it was Managed Payment or nothing. It will eventually be deployed for everyone on Ebay.

There's some 5-10% that goes into hidden fees somewhere, maybe it"s in the currency exchange?

 

Floyd Snyder

1 Month Ago

Ralph, I am not going to argue with you. You do not have all the details of the transactions; I do.

But you can go ahead and believe whatever you want to believe.

I have been doing this since 1971 and have done over a million dollars in one of my eBay stores. The one store I have left has over $500,000 in sales.

 

Sv Bell

1 Month Ago

Aaah never mind I found where the money is going.
I checked the financial breakdown closer, I am being charged an additional 1% international fee because I sell outside the country, and two taxes (5% for Canada and 9.975% for Quebec, where I live).
So there is a 16% extra I am paying to sell on Ebay, that US sellers are not paying - at least when they sell inside the US.

Since Ebay is collecting Canadian taxes, I hope they forward that tax amount to the government. As a merchant I am forced to do it, they must do the same.

As I said a few posts above, all sales are different, and all final fees vary. For my part when I sell stuff thru Ebay, I need to take in consideration that nearly 25% of the final amount will vanish in various fees. If you only have a 12.9% fee, good for you!! I wish it'd be the same here...

 

Ralph Jones

1 Month Ago

"Ralph, I am not going to argue with you. You do not have all the details of the transactions; I do.

But you can go ahead and believe whatever you want to believe.

I have been doing this since 1971 and have done over a million dollars in one of my eBay stores. The one store I have left has over $500,000 in sales."


You've been selling on Ebay since 1971? Hmm...

Maybe it's because you pay a monthly or yearly fee for an Ebay store and your final value fee is less? The link I posted doesn't show that.

 

Floyd Snyder

1 Month Ago

As I said above..
.
"Many factors may explain the difference, including the Store Plan you are on, listing fees etc, etc".

 

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