eBay have announced an increase to Jewellery Selling Fees which will see the final value fee for all items increase by 2% of the sale price and for higher end items a doubling of the cost. The change will come into effect from the 7th of March 2024.
The biggest impact will be for retailers selling mid-range priced goods (£450 – £1000) as the fee for this portion of the final value will jump from 2% to 14.9%. Higher value goods will be charged at 14.9% for the first £1000 and then 4% for the sale amount over £1000. Those selling lower value items (under £450)will see a straight 2% increase in fees.
This fee change applies to Jewellery only (Category #281). There’s no increase to the final value fees for Watches, Parts & Accessories (Subcategory #260324).
eBay Jewellery Selling Fees
Currently when selling Jewellery the fees are:
- 12.9% of the total amount of the sale up to £450 (calculated per item) and
- 2% of the total amount of the sale above £450, plus
- A fixed charge of 30p per order
The Jewellery Selling Fees from the 7th of March 2024 will be:
- 14.9% of the total amount of the sale up to £1,000 (calculated per item) and
- 4% of the total amount of the sale above £1,000, plus
- A fixed charge of 30p per order
eBay Business Update
eBay generally have a Spring Business Seller Update which they routinely publish late February or early March, and we would expect this fee change to be included. However the news is out now as eBay give 30 days notice of any fee changes. Watch out for other trading updates from eBay in about three or four weeks time.
4 Responses
At one time we sold 90% of our jewellery on ebay
Today it is about 1%
Ebay have squeezed our lemon dry
Does anyone know whether this is just ebay UK or ebay worldwide?
We completely stopped selling jewellery from early 2023, after 10 years of trading!
eBay is full of fake jewellery and low prices. We were doing more damage to our brand than generating any good revenue.
I don’t miss it.
I believe this has been brought in to keep their profits looking healthy, I have been a collector for decades, & whilst there are all too few items of interest on eBay at auction, it has to be said that eBay sales on rare vintage & top end jewelry is growing .
Only a year or so back eBay admitted that their profits were solely from promoted listings fees, yet more & more sellers are no longer using promoted Listings, for even eBay admits that promoted only works for the seller for a limited period.
It is bad enough having visibility to ones European listings reduced to around 25% or less, (as I write I have over 300 items listed, yet overseas viewers are shown only 69 of them), making our items impossible to chance upon by international buyers, only buyers who have specific requests now being sent to us, & when we do happen to sell overseas to have to pay around 20% in fees on items, for we pay seller fees on any taxes the buyer has paid, & the shipping cost, and to then pay VAT on these inflated fees, how on earth are we to manage.
Having only just got over a long illness I was looking forward to listing fabulous vintage jewelry on eBay, I have now shelved those plans, there are other sites on which to list. Will eBay’s greed never stop?