What is the final value fee on eBay? (all you must know)
In today’s world, nothing is free, and that turns out to be true when considering online retailers like eBay. Also, on that site, many felt they were being charged for almost everything. But do you really know what they charge you?
Well, a lot of people aren’t sure what they’re going to pay. So, in this article, we’ll discuss one of the many fees eBay charges sellers – the final value fee. If you want to find out what it is, how they calculate your fee, and more, keep reading!
What is eBay’s Final Value Fee in 2022?
The final value fee is what eBay charges after you make a sale in 2022. Additionally, this fee is calculated as a percentage of total sales after all applicable fees (such as shipping and handling, etc.) have been applied. On average, this fee is about 10% of final sales.
If you want to learn more about eBay’s final value fees, how they calculate it, and more, keep reading below!
What is the final value fee?
When you use eBay, you pay a series of fees so that the company can make a profit.
Also, one of the fees is the final value fee, which occurs when a sale is made on their website.
Additionally, it is calculated as a percentage of the total sales (including shipping and handling, but excluding sales tax).
Now, usually this is about 10% up to $750, except for a few categories listed below:
- Food service (food trucks, trailers, carts, restaurants) – 2% or up to $300
- Heavy Equipment (Parts and Accessories) – 2% or up to $300 fee
- Printing (Commercial and Graphic Arts) – 2% or up to $300 fee
- Men’s and Women’s (Footwear) – 0% off $100 or more
- Musical Instruments (gears and bases) – 3.5% or up to $300 fee
- Books, Movies and Music (DVD) – 12% or up to $750
Fortunately, even if you have to pay the final value fee through eBay, you don’t need to worry about any third-party processing fees.
Plus, your fees are now all deducted after each sale, instead of sending you a monthly bill for each fee.
However, while in most cases you will not be charged the final value if you do not sell your item, this is not always the case.
Conversely, you may still be charged this fee if you provide or reference your contact information to potential buyers, or if you ask for their contact information when you buy or sell outside of eBay.
If this happens, eBay will charge you the final value fee to introduce you to the buyer and vice versa.
If this happens, the final value fee is based on the fixed price, auction start price, buy now price, reserve price, or the highest price between the buyer and the seller.
What is the ultimate value return?
Luckily, if anything happens, eBay will refund you your losses, either as buyer or seller, depending on what happened.
As a seller, if a buyer doesn’t pay for their order, you can claim an eBay final value fee credit, which you can refund to your account.
However, in order to be able to receive a credit refund, you must report the item as unpaid or cancel the sale.
Additionally, to request a refund of the final value fee you paid, please follow these steps:
- Verify your credit balance by accessing your seller account
- Check that all your personal information is updated (address, phone number, email)
- Contact eBay’s customer service portal and request a refund. These will take up to 30 days to process.
Can I reduce my eBay fees?
Finally, any seller on eBay will have to pay fees at some point, so there’s no way around them.
However, they can be lowered a bit, and that is by purchasing a store subscription.
For example, with a store subscription, your final value fee can drop from 10% to 4%, depending on the plan you have.
Here is a list of subscriptions that eBay has to offer its users:
- starter store– $4.95 (yearly) $7.95 (monthly), 250 free listings, then 25 cents per listing
- basic store– $21.95 (yearly) $27.95 (monthly), 250 free listings, 25 cents per fixed price listing thereafter
- Premium Store– $59.95 (yearly) $74.95 (monthly), 1,000 free listings, then 10 cents per fixed price listing
- Anchor shop– $299.95 (yearly) $349.95 (monthly), 10,000 free listings, 5 cents per fixed price listing thereafter
- Enterprise store– $2999.95 per year for 100,000 free listings, 5 cents per fixed price listing thereafter.
Are there any other online retailers that are cheaper than eBay?
One aspect of eBay that customers don’t particularly like is all the fees they need to pay to use the site.
Having said that, here is a list of online stores that charge no or very little in order to use their services:
After its creation in 1995, Craigslist remains one of the largest online communities for people to post classified ads, and the company doesn’t charge any fees to post them.
Bonanza is relatively new to the online store scene and has quickly gained a lot of popularity because it allows people to freely list items and only charge a fee when an item sells.
Plus, as part of its service, the company automatically advertises your listings to places like Google and Bing for free, so your items are more likely to be seen by the public.
Although there are still fees charged for selling on Etsy, they are significantly lower than eBay’s fees, and you’ll receive a fixed-price commission.
Unlike eBay, the features of eCRATER are completely free, and you can set up shop without charge.
In fact, if you bring in sales through your own marketing, you won’t even be charged.
To learn more, you can also read our posts on eBay insertion fees, what are import fees on eBay, and what are bids on eBay.
in conclusion
eBay has many positive qualities, but many say how much they charge sellers is not one of them. But, to be fair, it depends on the categories you sell and how many items you list to see how much you’ll pay.
Also, in most cases, you only need to pay eBay about 10% after the final sale amount to use their site. However, if you’re not interested in paying this and other fees, then using one of the other online stores listed above is fine.
