The Power of Ebay

[Kaz]

Ebay final vlaue fees for business sellers are 8.75%, slightly better than the 9.9/10% for private sellers, which let's face it, any of us on here are not a private seller.

Listing fees for a buy it now are 40p without a shop, per listing and 20p with a shop, and as has been said, shop fees are minimum of £14.99 per month, realistically you need to list a minimum of 75 items per month to make it worthwhile, anything less than 75 per month is not worth it.

You can list with what is called a multi variation listing, which is only available to shops, but that lets you list the same item in different sizes/colours for the one listing fee.

Paypal fees vary, you can get a micropayments account for low value sales, from memory, it is those under £10, can't remember the fees on that.

If you have a turnover of more than £1500 per month going through paypal, you can apply for merchant rates, this link provides more info on it

[url="https://www.paypal.com/uk/cgi-bin/websc ... ut-outside]https://www.paypal.com/uk/cgi-bin/websc ... ut-outside[/url]

[John G]

The final value fee % mentioned by Kaz above doesn't include tax @ 15% - when worked out it comes to more like 9.8 % of the final selling amount.

Cheers John

[Kaz]

Sorry to contradict you John, but it does

The VAT tax is added to the "net" price of the provided eBay service, that is, the basic price of the service. The total price for the services (net + VAT) is known as the "gross" price or amount

Taken from here

[url="http://pages.ebay.co.uk/help/account/vat-ov.html]http://pages.ebay.co.uk/help/account/vat-ov.html[/url]

[John G]

Hi Kaz, I have an ebay shop and I sell low value goods for 99p "Buy It Now" - the final value fee is 10p which is roughly 9.8%.

So it might be 8.75% of the final value but your ebay invoice/statement adds the 15% tax automatically - or am I doing something wrong.

Cheers John

[Kaz]

The 15% tax is included in the FVF price.

Are you resgistered as a business on ebay John?

The reduced rate only applies to businesses, and you get further discounts if you're a power/top rated seller.

[John G]

Hi Kaz, I'm a registered business seller with an ebay shop and also a power seller - I haven't registered my vat number with ebay so this might be why, didn't know you had too!

Will look into this tomorrow when i get back to work and register if its going to save me a bit cash - if i do this does it effect the way I input my invoices in quickbooks or is the vat just not charged anymore by ebay

[Kaz]

All invoices from ebay are inclusive of VAT, and you can claim it back if you're VAT registered.

Not sure about quickbooks as I don't use that, just getting started, so not to say I won't use it in the future

[John G]

Right, just registered my vat number with ebay and now I think that all ebay invoices for fees etc will be vat exempt. So no change on quickbooks

Thanks for pointing this out Kaz.
Cheers John