Sold £299 ebay item for £1.04. Shock!

Martin_Knott-Lewis

Thanks for all your replies and helpful comments. To those that doubted me, I assure you that this is genuine and I'm glad you had the pleasure of some Schadenfreude out of my posting.

As for the fees, my item has sold for £1.04 having been listed at £0.99 so the listing was free but Ebay's final value fee of 10% means I clear just £0.93. The buyer hasn't paid by Paypal so I don't face the extra 24p deduction.

As for offering delivery, well I am hoping to earn a bit on that, that's why I offered.
It is a 60-mile round trip but it happens I am travelling there anyway.

The buyer is asking how much for delivery but says he would also pick up as he is in my area. The day he wants to pick up is the day I won't be in, as I'll be in his town.

To avoid another mistake, what mileage rate should I offer?

marleyboy

Am reminded of when my Brother won a bid on a £300 amp for £1.50. I agreed to take him to Liverpool for collection, the seller did admit he was gutted and was hoping to get nearer its value as it was new and boxed.

But he honoured the sale, my Brother did sympathise with him, but a deal is a deal. I guess that is the risk you take when selling valuable items on ebay with starting prices of 99p.

Notmyrealname

Martin_Knott-Lewis wrote: »

Thanks for all your replies and helpful comments. To those that doubted me, I assure you that this is genuine and I'm glad you had the pleasure of some Schadenfreude out of my posting.

As for the fees, my item has sold for £1.04 having been listed at £0.99 so the listing was free but Ebay's final value fee of 10% means I clear just £0.93. The buyer hasn't paid by Paypal so I don't face the extra 24p deduction.

As for offering delivery, well I am hoping to earn a bit on that, that's why I offered.
It is a 60-mile round trip but it happens I am travelling there anyway.

The buyer is asking how much for delivery but says he would also pick up as he is in my area. The day he wants to pick up is the day I won't be in, as I'll be in his town.

To avoid another mistake, what mileage rate should I offer?

£25 for the job. It'll cost him 4 gallons of fuel and 3hrs out of his life. Much over £25 and he'll probably decide its worth doing it himself.

Martin_Knott-Lewis

So £25 for fuel or can I ask £30 all in? (including the item).

Crowqueen

Martin_Knott-Lewis wrote: »

So £25 for fuel or can I ask £30 all in? (including the item).

You should not ask for more for the item itself. It really is asking for trouble.

You really should have started it a bit higher if you wanted to make more on it. As it stands the buyer is perfectly within their rights to only pay £1.04 for the actual item, and if someone tried that on me I'd stand my ground.

Martin_Knott-Lewis

Fair enough.

Actually, I think I am being more than fair by going through with the sale.

Then the buyer gets it delivered to his door as well. All for less than 10 per cent of the true value!

Crowqueen

Martin_Knott-Lewis wrote: »

Fair enough.

Actually, I think I am being more than fair by going through with the sale.

Then the buyer gets it delivered to his door as well. All for less than 10 per cent of the true value!

You are doing what you are supposed to do, nothing more, nothing less.

As has been said before, the buyer may well have bid a lot more - there just wasn't the interest in it for it to reach that value.

The alternative would be a possible neg and a non-performing seller dispute, all because you didn't set the item price right (as you have full control over it), so I don't understand why you are trying to make yourself look like the buyer should be grateful to you or stump up extra cash. You might well be offered more, but don't think that that means that you can do this again and expect people to bail out your poor decisions.

whitesatin

That is what auctions are all about. No guarantees.

pendulum

It's obvious what you're trying to do - charge a substantial delivery fee to claw back some of the money you think you've lost. You should just let it go. The buyer is happy to collect, so let him, or just drop it off for a minimal fee (read: nowhere near £30) as more of a favour than an attempt at clawing money back, it's not right IMO.

bordercars

let the buyer pick it up. give him a set time and day, if he fails to agree / show then the sale ends and you will dispose of it .