Ebay lowers prices

On September 16, Ebay will cut fixed-price listing fees by 70% to lure more sellers to the site. As Ebay seems to be going into hand-to-hand combat with Amazon, this move comes as no big surprise — particularly amidst all the complaining that accompanied multiple price increases over the last few years.

With the new pricing structure sellers will be charged a flat rate of 35 cents to list an item for 30 instead of seven days. They will also be allowed to list multiple quantities of the same item for a one time listing fee of 35 cents. Listing fees in popular categories like movies, music, games and books will be lowered to 15 cents.

Prior to this, sellers paid between 35 cents and $4 to list an item for one week. The huge range is dependent on the item’s listing price. Commissions at the close of sale are also changing with most items like computers and electronics going down. However, books and DVD’s will go up.

Pricing for items sold in eBay stores (which are separate from the company’s core listings), will not be affected.

Today Ebay has over 430,000 ‘mom and pop’ stores that account for over 95% of the $60B plus transacted. Those are some big numbers to top!