There once was a time when you could take your unwanted clutter or nicknacks that you had been holding onto for years. Slap a low price on them and toss them up on eBaying. Letting someone else find your treasure and enjoying it for years to come.
About the best thing that happened is when PayPal came along which aloud anybody to except credit card payments and made the cash transaction much faster then waiting for a check to arrive in the mail.
That was years ago and now eBay bought out PayPal after it's own bidPay system failed. However the current fees are insane. I just sold a figure on eBay and they took 15 cents when I started the auction. They take a percent of the closing cost which was about 8-9% of the final sale price. The buyer then used PayPal to pay for the auction. They took another 9% but this was of the entire cash transaction meaning 9% of the final sale fee & 9% of the shipping costs. In the end this low price auction made less than my original asking price. So not only did I not make anything on the auction I actually ended up paying more.
Here's the math. Opening bid was $0.99. $1.75 final sale price + $4.00 s/h. I got a payment for $5.75. eBay take $0.15 to list it and $0.15 as final sale fee. PayPal takes $0.47 as a transfer fee. So now I have paid 77 cents in fees. The $1.75 final price - $0.77 fees = leaves me with $.097 Wow 2 cents less than the minimum I wanted.
What a frigging rip off. Especially since eBay & PayPal really do very little. The seller does all the work.
It can still be a good place to buy stuff cheap but selling there sucks. Which also generates the second problem. I recently won an auction that I'm sure sold for a lot less then the guy was hopeing. I've paid and now he's been hit with all the fees. So far he hasn't responded to either of 2 emails I've sent asking when the item will ship. There is a very good chance he's thinking "I'm taking a loss on this transaction so why bother going through with it." Sure his eBay rep takes a hit, but at least he won't loss money on the deal. Meanwhile me as the buyer have the frustration of sending emails (to get no reply), then contacting eBay to start a dispute, letting the time pass for the dispute, and finally if the item doesn't ship then PayPal will refund the money. It becomes a big hassle on part and while I get my money back I don't get the item I wanted. That's the part that pisses me off. I wanted the item. I won the item. There have since been other items that I didn't bid on thinking I was getting this one. Now I might not get this one and it's too late to get the others that have closed.
Anybody know a good programmer? I think we need to start our own auction site named "eBaySucks". Charge an insertion fee and that's it. Then make a "PayPalSucks" site and and charge a simple 2% fee on transactions like credit card compaines do.