No doubt for private sale collectors and casuals selling small value items this will be a blow. But I did a bit of maths and what I conclude (If I have understood the new structure correctly) is it is the low value items where you will get charged a lot more (proportionately) of your sale price under the new fees structure.
But it sort of depends what you call "low value". On a £10 sale you will get paid out £8.85 so that's approximatley 11.5% in fees. On £50 it comes to a £47.25 payout = approx 5.5% fees. (I've put a table below with other examples based on different sale prices.)
My conclusion is that under £10 final value, these sales will be much less attractive to make, but once you hit the £10 mark its not unreasonable; Compare to traditional auction house fees which are rarely less than 15% plus VAT on the 15% and a buyers fee on the other end.
The proof of receipt/delivery provision to get payouts in less than 14 days will kill some trade off because the cost of tracked posting is disproportionate to getting the money a week or so faster for small items. Also the factor of waiting longer to get cash released will put some people off.
(PS: The email I have received says the new fee is based on the item price and not on the postage too: If anyone knows different pls let everyone know: I just adjusted my posting prices down to exclude the fees we used to get charged on postage!)
Anyhow hope these thoughts and the numbers below help people consider their options.
Please discuss if you see flaws in my workings. Let's help as many of us as we can help work through the changes.
| Sale Price | 75p+4% | %age | Net proceeds |
| £1.50 | £0.81 | 54.0% | £0.69 |
| £2.00 | £0.83 | 41.5% | £1.17 |
| £5.00 | £0.95 | 19.0% | £4.05 |
| £10.00 | £1.15 | 11.5% | £8.85 |
| £15.00 | £1.35 | 9.0% | £13.65 |
| £20.00 | £1.55 | 7.8% | £18.45 |
| £30.00 | £1.95 | 6.5% | £28.05 |
| £50.00 | £2.75 | 5.5% | £47.25 |
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