I understand for Paypal, it's 2.9% plus $0.30 USD of the amount you receive.
eBay is up to 8% (minus 20% for Top Rated Sellers) of final value plus maybe $.20 listing fee if that applies and an average of $.22 an item sold for the monthly store fee.So eBay/Payal fees are in reality closer to 11% of the profit we make. In my defense, I came up with that number is our early selling days as a quick way to estimate our expenses. I was probably including all our costs such as taxes, storage, etc. But it's good to be clear on the numbers. Thanks to everyone who pointed out my error.
This is an open thread. A perfect place to sort out your own errors...so have at it. We hope you guys are having a good week.
Some simple rules-
- We do allow anonymous commenters, but we encourage you to use your ID so people can get to know you. Plus you won't have to re-enter the code for each comment.
- Be civil. People have different ways of doing the same thing. If we disagree, no big deal.
- We are solution oriented. If you want to simply hate on eBay, go to the dark depths of the eBay forums where your hate can be polished like a precious jewel.
- Please back up any issues with facts and specific links. We don't deal in rumors.
- Comments are threaded (what?). So you can either reply to a specific comment or start an overall new topic.