In exchange for using their website to host the sale of your items, you are charged a variety of different fees by eBay.There are many different types of fees you will pay as a seller on eBay.There are different strategies you can use to reduce the amount of fees you have to pay on eBay.Continue reading to find out how to reduce your eBay fees.
Step 1: You can begin your auctions at lower prices to save on fees.
You will pay insertion fees for each item you sell on eBay.When you start your auction listing price at 99 cents, you will pay the lowest insertion fee rates.When you start your auctions at higher prices, insertion fees will increase gradually.If you begin an auction for an item at 25 dollars, your fee will be 75 cents, whereas if you start with 50 dollars you will have an fee of 1 dollar.The current insertion fee rates can be found in the Sources section of the eBay website.If you create listings for fixed-price items instead of auctions, your fee will be 50 cents for items priced at 99 cents and higher.
Step 2: You should reduce the amount of features you use.
You can add additional features to your listings for a fee, such as placing a border around your listing for 3 dollars or formatting your item's title in bold text for 1 dollar.Limit your Listing Upgrades to items that you want to stand out from the rest.The practice will help reduce your eBay fees.A complete list of different types of listing upgrade features can be found on the eBay website.
Step 3: You can use a photo hosting website to get your photos uploaded to eBay.
You can post a photo of your item for free on eBay, but you will have to pay 15 cents for each additional photo you add to your listing.If you use a free photo hosting website, you won't have to pay eBay photo fees.
Step 4: You should post your reserve price in the body of your listing.
For items priced up to 199 dollars and 99 cents, reserve prices start at 2 dollars (1.46 euros), which is the lowest auction bid you are willing to accept on your listing.Potential buyers will receive an automated message from eBay if they bid on an item with a price that is lower than the reserve price.If buyers don't know what the reserve price is, they will give up on the bidding process and move on to another auction.Most sellers will start their auctions at low prices to encourage bidding, but add reserve prices for buyers to prevent them from paying too little.
Step 5: If buyers return or do not pay for the items you sold, apply for final value fee credits.
As a seller, you will pay final value fees on every item that is sold, starting at 7 percent of the final sale amount for fixed-price listings and 9 percent for auction listings.You can request final value fee credits through the Resolution Center when you log in to eBay.After your listing ends, you can request a final value fee credit for 60 days.
Step 6: When opening an eBay store, begin with the Basic store level.
You have to pay a monthly subscription to eBay stores if you want to list all your items on a page for your business.The monthly fee for the Basic store level is 15 dollars and 95 cents (11.66 euros) and is ideal for sellers who are new to eBay or have minimal inventory.When your eBay store starts to sell more items, you should upgrade to the featured or anchor store levels.The featured and anchor store levels have monthly subscription fees of 49 dollars and 95 cents each.