EBay fees are not actually 10%. The fees charged by eBay for selling an item on their platform are composed of two components: a final value fee and a fixed charge per order.
The final value fee is calculated as 12.8% of the total amount of the sale, which includes not only the price of the item but also additional costs such as postage, taxes, and any other applicable fees. This fee is a percentage of the total transaction value and is the main component of the eBay fees.
In addition to the final value fee, eBay also charges a fixed charge of 30p per order. This charge is applied to each individual transaction, regardless of the total amount of the sale. It is important to note that this fixed charge is applied on top of the final value fee.
So, to calculate the total fees you would pay for selling an item on eBay, you would need to add the final value fee and the fixed charge per order. The final value fee is 12.8% of the total transaction amount, and the fixed charge is 30p per order.
For example, let’s say you sell an item for £50, and the postage and taxes amount to an additional £5. The total transaction amount would be £55. To calculate the final value fee, you would multiply £55 by 12.8% (0.128), which equals £7.04. Then, you would add the fixed charge of 30p per order, which would be added on top of the final value fee.
In this example, the total fees you would pay for selling the item on eBay would be £7.04 (final value fee) + £0.30 (fixed charge per order) = £7.34.
It’s important to note that eBay fees may vary for certain categories or types of items. It’s always a good idea to check eBay’s fee structure or use their fee calculator to get an accurate estimate of the fees you would incur for selling a specific item.
In my personal experience, I have found eBay fees to be reasonable considering the convenience and exposure the platform provides for selling items. However, it’s important to factor in these fees when setting your selling price to ensure you cover your costs and make a profit.
While eBay fees are not 10%, they are composed of a 12.8% final value fee and a fixed charge of 30p per order. It’s essential to be aware of these fees and factor them into your selling strategy on eBay.