Wednesday, August 20, 2008

eBay Cuts Fixed Price Auction Fees

ebay logo

eBay announced on Wednesday that it will be lowering fees on fixed-price "Buy It Now" listings in most categories. The highlight of the new fee structure is a flat rate of $0.35 for "Buy It Now" auctions and an extension of the listings' time length from seven to 30 days. eBay has also said they will let merchants list multiple quantities of the same item for a single $0.35 fee.

The most impacted category is the one for books, music, DVDs, movies and video games, which will see an even lower flat-fee listing fee of $0.15, but higher commission charges. A full run-down of the new fee structure has been posted in this page.

The move which becomes effective September 16, is a bid to reduce the clutter of similar items on eBay -- 100 pairs of white socks will now be sold as a group, for example. The change comes just in time to boost business heading into the crucial holiday season.

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