eBay Sitewide Sales Who Is Footing The Bill?

justwii on 24/06/2017 - 21:26

Different than those selected stores 20% off, which I believe there is an agreement between ebay and the stores who split the bill together. Now say there is this sitewide 15% off sales. An ordinary seller can post an item selling for $2000. With 15% off, the buying price is just $1700. At the end of sale, seller pays at most 9.9% of the final value, which is $198 (listing fee is almost always $0 nowadays).

I guess you can see the picture now. $2000 income - $198 final value fee = $1802. $1802 - $1700 buying price = $102.

So in each $2000 sale, someone is paying $102 to the seller. Think about this:

  • anyone just simply post an item for sale
  • buys the same item with another ebay account (or just ask a friend to buy it then pays the friend back)
  • easy $102 profit
  • repeats

Something is not right?

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Comments

  • indium on 24/06/2017 - 21:49
    +1

    Paypal fee is about another 3% as the codes only work when paypal is used as payment method.

  • xyzed on 24/06/2017 - 22:34

    remove the post and start selling on eBay ;)

    I see the logic.

    I list ‘AIR’ $2000. I buy it with another dummy account for $1700 (15% off)

    I pay eBay and Paypal my fees (think I had 6% eBay and 1% Paypal when I had a store) so say $140 in fees. I then really get $160 profit from selling ‘Air’ at $2K.

    Hmmmm might need a coffee to see if this would actually work.

    • whooah1979 on 25/06/2017 - 08:26
      -1

      I pay eBay and Paypal my fees (think I had 6% eBay and 1% Paypal when I had a store) so say $140 in fees. I then really get $160 profit from selling ‘Air’ at $2K.

      it sounds like a lot of work to obtain a little financial advantage by deception.

    • JIMB0 on 25/06/2017 - 08:44
      +2

      Then after selling 5 lots of AIR for $10k they report your sales to the ATO who will send you a tax bill for thousands of dollars.

  • singingwolf on 25/06/2017 - 00:27
    +2

    The most you would make is 2%. And eBay are not stupid - they will work out the scam and you'll get a lovely email from them like I once got. There are much better ways to make money out of the eBay sales.

    • ziaxk87 on 25/06/2017 - 12:24
      +1

      like??

      • singingwolf on 30/06/2017 - 21:18
        -1

        it's funny - I typed it out, then deleted it. I don't like posting things that are a bit naughty…

  • dins on 25/06/2017 - 16:50

    It's ppl who find ways of conning the system that ruins it for everyone. It's fraud plain and simple.

  • TheBilly on 25/06/2017 - 19:25

    Not worth it. They will catch you out on the first or second sale and you will not even have enough time to withdraw the money from Paypal. Thats why some legitimate stores are so concerened about feedback and product ratings, successful stores have been shut down due to just a few negative transactions, or atleast have been crippled temporarily by it.

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