Make £10 per day in November. All WELCOME!

Rosie

Nicky_Noo_Na wrote: »

Well good and bad news - sold my first item EVER on ebay!! :-)
However, it only sold for 99p (starting price) and the seller has paid this plus postage (so 2.19 total) but 27p has been deducted in fees - I thought it was only 10% of the selling price so thought they would only take 10p! Can anyone help me out? Not sure I want to sell much more if they are going to take a third!

I think the 27p will have been paypal fees. Did your buyer pay you with paypal?

kingkano

Nicky_Noo_Na wrote: »

Well good and bad news - sold my first item EVER on ebay!! :-)
However, it only sold for 99p (starting price) and the seller has paid this plus postage (so 2.19 total) but 27p has been deducted in fees - I thought it was only 10% of the selling price so thought they would only take 10p! Can anyone help me out? Not sure I want to sell much more if they are going to take a third!

Good news and bad news. Thats your Paypal fees - 20p + 3.4% of whatever they pay you (so including the postage!).

Bad news is ebay will also bill you 10% of the Final Value of your item at the end of the month (another 10p).

Its one of the unfortunate sides of selling on ebay if your item ends for 99p your looking at practically nothing for your time and effort (well 60p). Although lots of sales will mean something at the end.

Nicky_Noo_Na

I think the 27p will have been paypal fees. Did your buyer pay you with paypal?

Thanks for replying

Yes they did - does that mean paypal take 27p and ebay will also take 10p?? If so, why does anyone bother with 99p start - do people really make enough money off it?

Feeling like a bit of a numpty now - I thought total fees would be 10p

Nicky_Noo_Na

Good news and bad news. Thats your Paypal fees - 20p + 3.4% of whatever they pay you (so including the postage!).

Bad news is ebay will also bill you 10% of the Final Value of your item at the end of the month (another 10p).

Its one of the unfortunate sides of selling on ebay if your item ends for 99p your looking at practically nothing for your time and effort. Although lots of sales will mean something worth having I guess!

Thanks for explaining that - I guess not so bad for stuff I've listed this weekend with a higher start price. Silly me for not checking!

kiwikaz

£ 10 profit from todays flea market. Bit disappointing but every penny counts.
Off back to Ebay any mo !

Nicky_Noo_Na

Ok well despite that disappointing paypal info I do have some good news;

bought mums xmas pressie yesterday and had £20 vouchers to put towards it so thats an extra £20 in the pot!! :j

I also got some more free xmas cards from BHS with O2 card

I'm also halfway there on maximiles and swagbucks (thanks fairy!) so hopefully will get december payouts from them.

emmalet

£18.94 from Ebay today
I will have some Paypal fees to deduct when i can be bothered to work it all out, but i have a big item selling at, so will deduct them all from that

fairyclicks

Rosie wrote: »

I think I will cash in for an amazon voucher as I have 930 bucks.:j
Does anyone know how much cash you get if you take the $5 cashout.
Rosie

As far as i remember i got £3.89 or something like that for $5 but it changes as per exchange rate. If you are going for the cash option it is better value to go for a higher amount - $25 or $50 if you can!

fairyclicks

Nicky_Noo_Na wrote: »

Well good and bad news - sold my first item EVER on ebay!! :-)
However, it only sold for 99p (starting price) and the seller has paid this plus postage (so 2.19 total) but 27p has been deducted in fees - I thought it was only 10% of the selling price so thought they would only take 10p! Can anyone help me out? Not sure I want to sell much more if they are going to take a third!

Thats not the right fee - it should only be 10p then your paypal fee as well. Its not great when items sell for 99p I usually add a little to my postage for 99p items - for example i sold something the other day for 99p, i charged £2.50 for postage the postage cost was £1.96, ebay fee was 10p, paypal fee was 32p so i ended up with £1.11 profit rather than 57p. I usually only add maybe 40 or 50p though otherwise you get negative feedback for postage costs

kingkano

fairyclicks wrote: »

Thats not the right fee - it should only be 10p then your paypal fee as well. Its not great when items sell for 99p I usually add a little to my postage for 99p items - for example i sold something the other day for 99p, i charged £2.50 for postage the postage cost was £1.96, ebay fee was 10p, paypal fee was 32p so i ended up with £1.11 profit rather than 57p. I usually only add maybe 40 or 50p though otherwise you get negative feedback for postage costs

Yes be careful, people will give you neutral feedback for even 50p overcharge! They will definitely give you less than full stars and this can be a big effect. Some buyers on there seem to think it should be the cost of the stamp only - not even allowing for packaging. Let alone the fact that you pay 3.6% to receive their postage payment as well!