Final value fee

[garyvanman]

Hi everyone.

I wanted to list an item for a buy it now of £15000.00

I have done a final value ebay fee and it works out around an astonishing £940.00 

Is my calculation incorrect anyone?

TIA

[kidmore_kats]

Going by your name, are you looking to sell a van ?

If so, use a classified ad, costs about twenty quid and no final value fees

[*vyolla*]

What are you selling?

Even if it's a car or van the maximum final value fee couldn't be more than £45.

[garyvanman]

Ha, no not a van.

Jewellery - a watch.

Thank you

[garyvanman]

I'm sorry my alias is misleading, its a watch  

[lucy_farmer]

If you are a private seller, there are *no* fees for the seller anymore.

The buyer pays the fees now.....

Are you really thinking of selling something for 15 grand on ebay?!

[xenavsbuffy1]

I agree with you, I mean once you sell you then have to deal with SD (or Ebays other ways) and i wouldn't trust them with a £5 item at present much less £15,000 item

[garyvanman]

Thank you.

I understand there are no listing fees but final value fee's I'm not sure.

[edwardian-dreams]

SD only applies to items up to £750

personally I’d  only sell this at an auction house or to a reputable jewellers or something like that 

to the OP

there are no fees for private sellers 

only for buyers who buy off private sellers 

Buyer Protection helps maintain a safe marketplace with risk monitoring, fraud detection, 24/7 customer support, and secure transactions for all purchases.

We’ve now reduced the fixed portion of the Buyer Protection fee from £0.75 to £0.10. Buyers still pay the fee and it’s included in the item price, so there are no surprises at checkout. Here’s how it’s calculated:

• A flat fee of £0.10 per item • 7% of the item price up to £20 • 4% of any portion of the item price from £20 to £300 • 2% of any portion of the item price from £300 to £4,000 • No fee for the portion of the item price over £4,000

When your buyer purchases multiple identical items in the same order, they only pay the flat fee once.

A live calculator is coming soon, where you’ll be able to enter a price and see the Buyer Protection fee in real-time, so you’ll know exactly what your buyers will pay. When making or reviewing offers, you’ll also see the fee split out from the total item price.

From today, you’ll be able to see the updated rates on your listings, and will notice the greatest impact on items priced £10 or less. If you have any active auctions and offers, they’ll continue to include the existing rates.

[sml192 · Accepted solution]

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@garyvanman wrote:

Thank you.

I understand there are no listing fees but final value fee's I'm not sure.

---

I really wouldn't recommend selling an item of that value on eBay but to answer your question there are no final value fees for Private Sellers.  Instead your buyer would be charged a Buyer Protection Fee which for an item of that value would be £86.70.

[moonlight-rhapsody]

Going by what sellers here have posted about the ways in which unscrupulous buyers have scammed them, I'd only list what I could afford to lose.  Most people are probably honest, but it only takes one unscrupulous person to be tempted by what you're offering and you could be £15,000 out of pocket.  Watches seem to be one of the prime targets for scammers, particularly from sellers who are relatively new to selling.

[garyvanman]

Yes, it did cross my mind.

Thank you

[xenavsbuffy1]

That's why I mentioned Ebays other ways

[kidmore_kats]

TBH I would never sell an item of that value on eBay, even with the authentication process.

Sell it through a proper auction house or one of the specialist dealers that deal with this kind of stuff 

[garyvanman]

What are ebay's other ways please? Do you mean fixed price auction?

[moonlight-rhapsody]

Whether it's Buy It Now or auction, unfortunately the risk is still the same.  Some buyers have complained to ebay that they received an empty box, so they get their money back at the seller's expense (and keep the item).  Some manufacture a reason to return it, eg Not As Described (even when it was), and then they send an empty box back, get a refund and keep the item.  Or it may be damaged when the seller gets it back.  Ebay isn't in a position to say who's telling the truth, so they nearly always side with the buyer. 

Even if you state "Collection only", there was an incident recently where the buyer collected, then later claimed a refund saying (falsely) that it was not as described, even though obviously they had inspected it on collection.  Ebay determined that the buyer should keep the item AND get a refund.  It was only after a huge amount of stress and a lot of phone calls that the seller got ebay to pay them back as well.  There's no way ebay would stand the cost of £15,000 though.

If you're an honest person yourself, it would never cross your mind that some people would pull these tricks.  You might be lucky and get an honest buyer, but can you (can anyone!) afford to risk losing 15 grand if it goes pear-shaped.

[pegr-834437]

Majority of what you wrote doesnt cover watches as at that price point they go via the authentication service, so its not the buyer who opens the parcel but an eBay employee (they've probably purchased a watch authentication service, they did for trainers), you still open yourself up to a few issues though. Biggest one is very few couriers will insure you for a watch going to an authentication centre.

Like others have said try a watch auction or if you need the money quick' then a grey market seller. Watch finder do an in person sell if one is nearby if you want it gone quick but obviously they will be offering low ball.