Ebay cuts fee also planned in the near future for Germany and United Kingdom

2008-01-30 17:18:12 (GMT) (Caymanmama.com - Technology News)

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SAN FRANCISCO, CALIFORNIA Ebay Inc. EBay Inc. on Tuesday announced its intention to cut the fee that is charged from its sellers by about 50% so as to increase the sellers listing their goods with them online. They also expect this move to give them an edge over other growing e-commerce websites.

The fee cut in auction listing items will come into effect on February 20.

(AP) To compensate for the fee cut, an increased commission on items that has more sales has been planned as yet. The company expects that this method will be greatly appreciated by the sellers as it reduced their risk in case the items are not sold.

The greatest increase in the fee will come on items that are priced and selling for below $25. A notable increase of 67% will be seen on EBay’s fee on such transactions, which will be 8.75% of the actual sale price.

“A majority of sellers will see their fees go down. We are basing our success on their success and we want to encourage sellers to list more items with us.” said Usher Lieberman, who is the spokesperson for the company.

This newly proposed fee structure announced in Washington to an assembly of 200 best eBay sellers from North America will take effect in US from February 20. More change in prices of eBay is also being planned in the near future for Germany and United Kingdom.

Various fees charged by EBay have been an important point of botheration to its sellers from long ago and has lead other competitive e-commerce sites like Amazon.com to pose a threat to the success of the website.

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