In this blog we’re going to discuss on how to reduce your ebay sellers account fees
eBay is the second most important online marketplace in the US which remains a popular online auction site for billions of users around the world.
eBay remains as one of the top most accessible ecommerce platforms to start selling from home accessories to office accessories.
Opening your ebay store and doing sales on it, you no need to worry on the rates to pay, you don’t need the staff to employ and dont need to pay on the utility bills and eBay charges fees only for the advertisement of your products on its venue.
In this blog we are going to discuss how to reduce your eBay seller fees and enjoy the profitability.
Ebay charges your products based on the price, category that you choose to sell in, your listing format and any listing upgrades you decide to add. Here you have to taken care on the seller performance too
What are the fees that you are likely to be charged while selling on eBay?
Monthly account fee (eBay stores only)
Types of eBay Selling Fees
Insertion fee
Listing upgrade fee
Final value fee
PayPal fee
If you have plans to sell multiple types of products and want to access all the products in one place, then you can open an eBay store.
To open the store ebay offers its sellers the six different eBay store subscription options, and each option here comes with different seller benefits.
The packages are:
Starter $7.95 per month or $4.95 per month paid annually
Basic $27.95 per month or $21.95 per month paid annually
Premium $74.95 per month or $59.95 per month paid annually
Anchor $349.95 per month or $299.95 per month paid annually
Enterprise $2999.95 per month paid annually only
Depending on the volume and price of your selling products, you can choose up on your subscriptions.
Insertion Fee
The insertion fee, or listing fee is the general fee that you’re going to pay at every time, while you list a product on eBay and is due whether you sell your product or not.
It is calculated on the basis of your product listing category and also it vary although the current standard insertion fee is $0.35 per listing.
This fee varies in some categories so you should always check before listing.
If you own an eBay store, depending on your store type, you will have a pre-allocated amount of zero insertion fee listings per month.
These range from 250 free fixed-price listings with a starter package to 100,000 with an Enterprise store.
Listing Upgrade Fee
Listing upgrade fees are all optional.
These fees are charged to you when you choose to add additional features to enhance your listing.
The additional features include a bold title, additional gallery images, a subtitle, international site visibility, or you choose to use the listing designer.
Fees range from $0.10 to $6.00 depending on the upgrade you choose.
Final Value Fee
At all the times you make a sale on eBay, you will be charged a final value fee.
Final value fees calculated as a percentage of the total sale price.It includes your shipping fee and excludes your sales tax.
Final value fees do vary; however, the standard fee is 10% up to a maximum fee of $750.
In some categories, fees range between 2% and 12%.
PayPal Fee
If you use PayPal for your eBay transactions then PayPal fee is inserted to you.
If you have a PayPal Merchant account, you’ll be charged a fixed fee of 2.9% plus $0.30 for every transaction, so it’s essential to include this in your calculations.
eBay Selling Costs examples:
If you put all of these costs together, a simplified example of your eBay selling costs would be as follows:
Selling price: $20.00 + $5.00 shipping cost
Insertion fee: £0.35
Listing upgrade fee: $1.00 for using a subtitle
Final value fee: 10% of $25.00 = $2.50
PayPal fee: 2.9% = $0.30 = £1.03
Total Fees: £4.88
You must also take into account your monthly account fee if you have an eBay store and of course the wholesale cost of your product and your shipping costs.
If you misused your eBay fees, you will be left with your profit.
As you can see, your fees and other costs can soon add up, so you must understand and implement ways to reduce your seller fees so that you can ensure your eBay business is as profitable as can be.
Tips to Reduce Your eBay Seller Fees
Open Your eBay Store For Annual Subscriptions
Start Your eBay Store and Pay For an Annual Subscription of $59.40
If you already have an eBay store , then you will be charged with the minimum monthly fee and you might pay for $7.95 per month as the starter option.
However, if you instead pay the subscription fee as an annual amount, you’ll save overall. In accurate terms if you pay for monthly there you will charge $7.95 the annual charge for this is $95.40 and if you pay the whole fees for annually there you going to pay only $59.40 and here you can left with the profit of $95.40-59.40= $36.00
This value added benefit motivates your sale in the eBay business.
Make USe Of The Zero Insertion Fees
You have six options to choose your eBay store and subscription costs, here you are allowed to choose on the subscription, which suits your eBay business.
Each subscription comes with a different amount of zero insertion fee listings and if you want to make an informed decision on it then have a look at your sales volume..
If you have a plan to list 350 items then choose on the starter or basic package and if you have a plan to list more than 1000 items, it is best to go for the premium package.
Zero insertion fees will cost you more per month, if you want to save your money and do more free listings then choose for the store subscriptions this would reduce your added listing fees. .
This being the best way to do so is the best correlation with the number of listings you’ll be adding each month.
Try To Be A Top-Rated Seller (TRS)
Top rated sellers can get to enjoy some benefits of big rewards, which includes discounts on your final value fees.
If you want to become a top rated seller then try to fill on the following criteria:
Maintain your eBay account active for at least 90 days
Try to maintain at least 100 transactions and $1,000 in U.S. sales record in between 6 months – 1 years
Comply with eBay’s terms and conditions under the selling policies,
Try to fulfil the customer requirements on the transaction defect rate, cases closed without seller resolution and late shipment rate.
If you did so you can easily achieve the top rated ebay seller account and can enjoy the 10% discount on your final value fees.
For example if your average final value fee is $500 every month, then you’ll save $50 per month – that’s the total cost of $600 annually!
Request Credits Due for Final Value Fees
Whenever you sell a product on eBay, you will be charged a final value fee. The final value fee is collected only when the sales are completed.
And it is necessary to pay your final value fees after your sales are done over.
Also you are eligible to get on the refund. The refundable cases are
- If you and your buyer agree to cancel the transaction
- If you provide a refund for a missing or returned item
- If you offer on a voluntary refund due to a dispute over payment
- If you are a non paying buyer
If You want to apply for the final value fee credit then do it earlier because you have only a limited amount of time to apply for the final value fee credit.
Claim For Non-Paying Bidder Insertion Credits
In a similar vein, if you list your products as auction-style listings and your highest bidder doesn’t pay for their item, you will still be charged the insertion fee.
You can avoid paying a second insertion fee to relist the item as long as you relist it within 90 days of the original listing ending.
It’s essential you don’t change any details and keep the starting price the same or lower than your original listing to qualify.
Be Sure On Having A PayPal Merchant Account
PayPal is likely to be your payment method of choice when you sell on eBay.
Instead of having a personal account with PayPal, you can switch to a premier or business account. To get your business account there you need to do is register your business with PayPal.
PayPal Business account helps to minimize your fees , in the case if you’re selling more than $3000 worth of products per month.
You’ll be then able to accept payments for the low fee of 2.9% plus $0.30 whilst operating under your business name, generate reports and even accept payments from customers who don’t have PayPal accounts.
Minimise your activities on upgrades
In general every top rated ebay seller’s account would like to add on the optional upgrades in there but you have to think here is its additional cost.
For example if you want to upgrade your listing font to be bold there you have to spend $6 making sure to purchase on this- you have to monitor its success and calculate your return on investment.
There’s no use for upgrading that doesn’t increase your sales revenue.
Hope you enjoy and now we start to have a small intro about us
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