Nothing like learning a lesson - THE HARD WAY.
While talking to a fellow Ham Radio Operator today and listening to his gripe about a eBay Buyer that backed out of an eBay Auction the buyer had won, he mentioned that even if you re-list your item for sale again, eBay still collected their "Final Value fee" on the item that wasn't paid for. So, when he listed the item again not only did he have to pay the "Insertion fee", when the item sold (again), he had to pay the "Final Value fee, the "Final Value Fee on Shipping" AND had to Pay Paypal (which eBay owns) to accept the buyers money.
WOW! That made me take a look at a couple of "dead" sales I had recently (where the Buyer failed to pay after winning the item). I also took a hard look at the actual charges (eBay Fees) for many of my sales. Once I finally found my invoice, what an eye opener!
Let's breakdown a simple eBay Ham Radio related transaction. I'll use one of my previous eBay sales item to do this. The numbers below are ACTUAL amounts from my account, they are not estimates.
Item for Sale: Palstar AT-Auto High Power Automatic Antenna Tuner. Buy It Now price of $885.00 plus $44.00 for 2 Day FEDEX Delivery.
Now here's the eBay Fees:
Insertion Fee: .30
Final Value fee: $88.50
Final Value Fee on Shipping: $4.40
Paypal Fee (to accept $929.00 Total): $27.24
As you can see, it cost me (the eBay Seller) $120.44 to sell the Palstar Tuner for $885.00 - 14% of what I sold it for!
The eBay Final Value fee was 10%. Their bullshit "Final Value Fee on Shipping" was 10%. Add 3% in Paypal fee to accept his money. If that isn't a eBay ripoff, I don't know what is! Fourteen Percent?
To make matters worse, let's say the first buyer on a sale can't perform for whatever reason. Maybe he got laid off, maybe buyers remorse, whatever. As an eBay Seller, you have to jump through hoops to get the first "Final Value fee" credited back to you. Do you know how many people don't even know about this? I didn't. Or how many people don't know that when you cancel an auction (with bids), they still charge you the "Final Value fee"? You read that right. IF you(eBay Seller) cancel an Auction, you are still charged the "Final Value fee". And here's an example of this:
Item for Sale: Ameritron ATR-30 High Power (3K) Antenna Tuner. 99 Cent Start, NO Reserve!
End Auction-style listings early fee: $20.25
When I decided I wanted to keep this Estate Sale tuner after I listed it on eBay, they still charge 10% of the highest bid to cancel it days before it was supposed to end.
Like I said above, "Nothing like learning a lesson - THE HARD WAY". I sure pay attention to my well hidden eBay Invoices now!
That pretty much means if I want to clear (or net) $885 for a $885 Antenna Tuner sale on eBay, I have to charge $1,009 for it ($885 + 14%). That works both ways as a Buyer OR Seller too. I'd effectively have to pay $1,009 to buy that $885 Tuner, and the Seller has to charge $1,009 to sell it if he wants to clear $885.
No thanks! I'm thinking Craigslist.org, QTH.com and eHam.net are in my near future for Ham Radio related buys and sells, probably anything over $50 I figure. And if you've been to this website before, you'll notice I also took down their eBay Publisher Ads (the yellow ads). I'm over it. Screw eBay, buh Bye...