eBay’s new “Buyer Protection” 😳

[Coinery]

Well, it’s here…eBay’s new buyers’ premium, but wrapped up as Buyer Protection, now applied to all private sales!

HOWEVER, what used to be the old 10% commission, is now 22% by my maths! Plus they keep hold of the sellers share of the pie for quite a long while, now!

 

 

 

[Sword]

How is the fee calculated?

When purchasing from UK-based private sellers, the Buyer Protection fee is calculated as:

• A flat fee of up to £0.75 per item, and
• 4% of the item price up to £300, and
• 2% of any portion of the item price from £300 to £4,000

There is a cap on the total fee amount you'll ever pay. Any portion of the item price over £4,000 will not incur any additional fee. When purchasing multiple quantities within a listing, the flat fee up to £0.75 is only charged once.

https://www.ebay.co.uk/help/buying/paying-items/buyer-protection-fee?id=5594

 

 

[jelida]

Thanks for posting this both. It was always too good to be true when the sellers fees disappeared, now the buyer takes the hit!  I suppose poor Ebay has to make its billions somehow,  after all they have to keep employing all those accountants/politicians to avoid paying tax!

Jerry

 

[Coinery]

1 hour ago, Sword said:

How is the fee calculated?

When purchasing from UK-based private sellers, the Buyer Protection fee is calculated as:

• A flat fee of up to £0.75 per item, and
• 4% of the item price up to £300, and
• 2% of any portion of the item price from £300 to £4,000

There is a cap on the total fee amount you'll ever pay. Any portion of the item price over £4,000 will not incur any additional fee. When purchasing multiple quantities within a listing, the flat fee up to £0.75 is only charged once.

https://www.ebay.co.uk/help/buying/paying-items/buyer-protection-fee?id=5594

 

 

Will put an eventual end to those selling items between £5-£10 then I guess? Thanks for highlighting  

[Paddy]

I gave up selling on Ebay 7 years ago and nothing here encourages me to return! Buying is also a rare occurrence as there is so much fraud and fakery to deal with.

[Sword]

But what do you actually get as a buyer for paying this "protection"?

What does Buyer Protection include?

With Buyer Protection, you benefit from:

• 24/7 customer service: Get support around the clock if you need help.
• Private sellers paid after delivery: When you purchase from a private seller, payment is sent after the order has been successfully delivered.
• Secure transactions: All payments are encrypted end-to-end and handled by our trusted payments partners.

😂. Secure transactions are expected as the norm. Hardly something you can ask money for this century ... I won't bother commenting on the other two "benefits".

 

[Coinery]

Yes, I believe they claimed the other two ‘benefits’ existed long before we ever had to pay for them!