@plumbinggear2012 wrote:
Excellent point. We took the plunge with a website 4 years ago and it's the best business decision we ever made.
2.5% card fees? Shop around it can be substantially cheaper than that.
Even 2.5% card fees would be way preferable to eBay's 12.8%, soon to be 13.15%, fees for the transaction (not including the +30p or the promoted listing fees).
I've always said that eBay should set the fees for privates as a flat 5% to try and get more people to sell on eBay, then they wouldn't need to offer the promos every so often to selected people only (and therefore people who don't get it wouldn't feel left out). But instead, after the HMRC reporting thing to scare away a lot of privates who don't want to have to deal with self-assessment tax reports, eBay have doubled down and increased their fees further - IMO thisis not a good move and will drive users away to alternatives that charge less fees (if any) and are also fairer on sellers.
I'm going to keep going as is, only listing on 80% off (or similar promotions) when it makes sense to list something, and if I go over any limits and HMRC decide that I owe them tax, they'll contact me and I'll have to pay it. I doubt that HMRC will have enough staff or man/woman-hours to puruse everyone who goes over the £1000 selling limit, or £6000 capital gains limit, by a small insignificant amount.
