Auction power house Ebay.com has announced they will cut sellers fees by up to as much as 50% in an attempt to boost listings. This action seems to follow our current President’s mindset of stimulating the economy by giving their users more money to list.

However Ebay appears to be playing the old switch’er roo. While cutting the fees charged to sellers, they are also planning to increase its commission on items that do sell. This method is said to help sellers because it lowers their risk if items do not sell.

Sellers of smaller items, goods selling for less then $25, will be the people most impacted as the fee for those transactions will rise 67 percent, to 8.75 percent of the final sale price.

The new fee structure was announced to a gathering of 200 of eBay’s top North American sellers in Washington and goes into effect Feb. 20.

Along with changes to the fee structure, eBay said it will change how sellers show up on customer searches. Those with high rates of customer dissatisfaction will get lower exposure in a search, the company said.

Source: AP
Link: Ebay

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