When it comes to selling/reselling online, many people have a love/hate relationship with eBay. When we first transitioned from part-time selling to full-time we doubled our sales in the very first month. We worked long hours and put everything that we could back into the business to purchase more inventory, keeping out only enough for rent. At the end of the month, we were hit with a $600 invoice from eBay...crap. We hadn't kept out the money to pay our fees! While eBay didn't leave us with any money for rent, they did leave us with lots of questions. We thought we had a pretty thorough understanding of what we were paying eBay...but how much does eBay REALLY take?
Now that we've been around for longer, we understand that our situation was not unique. Many first time sellers (or experienced sellers trying to expand their operations) are shocked by the amount that eBay charges for selling on their platform. In order to fully understand eBay fees (and avoid suspensions, bans, etc.) we'll need to pick through the nitty-gritty that isn't on eBay's front page.
Monthly Store Stats:
So how much are eBay Fees?
The things that make up your eBay fees:
- Store Subscription
- Final Value Fees
- Listing Fees
- Promoted Listings
How do I pay my eBay Fees? (And what happens if I don't...)
If you do not pay your invoiced fees, eBay will try to take them out automatically from the payment method you have on file. This typically happens for us on the 16th of the month, but this seems to vary from seller to seller. If the payment is not successful, you will lose the ability to list new items or revise your current items. You can still sell, ship, and perform other "administrative tasks" such as responding to emails. If you add an automatic payment method, you can get back to listing items even if your fees aren't yet paid. If your fees aren't paid by the next time you are invoiced, then the invoices are combined and you lose the ability to list anything until the entire invoice is 100% paid. At this point, you are risking having your listings removed and your account suspended. Although it may seem otherwise when you have a huge fee bill, eBay has no desire to ban you. They simply want you to pay what you owe and continue selling on eBay (in other words, continue making them money).
5 Ways to Stay on Top Of Your eBay Fees
- Sell Items Locally: Selling locally can be a bit of a bummer if you're addicted to increasing your 60 Day Total on eBay, but it pays off well in the long run. Even if you have to take a bit less for it, selling an item locally means you don't have to take as many pictures, pay a final value fee, pay for shipping material, spend the time shipping it, or worry about returns. This is especially true for large or high-value items which may be damaged in transit or that rack up large final value fees.
- Pay Fees Regularly: Our fees don't really get overwhelming unless we neglect them throughout the month. It is part of our routine to simply pay our eBay fees daily after we're done with shipping. Other sellers pay their fees on a weekly basis. The important thing is finding a schedule that works best for you to keep from getting overwhelmed!