The End of eBay as We Know It
By swan480 on Aug 26, 2008 in Internet | comments(0)
eBay has long been seen as the ideal way to start your own business. The auction site offers a variety of different ways to earn money. Some sellers just sell part-time, while for others selling is a full-time business. And some people sell off their own stuff, while others may hunt for things to resell or even list other people’s items on commission. eBay stores may be small and run from a home office, or large enough to justify renting out retail or office space, such as with an eBay drop off store.
Now, however, it seems eBay may be on a downturn. The company has come under fire a lot lately for the changes they’ve made. Both sellers and buyers tend to feel they are not being protected very well under the eBay system. To make matters worse, eBay recently announced that they will be transitioning everyone to online-only payments — meaning buyers will no longer be allowed to send checks, and sellers will no longer be allowed to accept them.
A lot of businesses, both on and offline, have stopped accepting checks, so this might not seem so bad if it weren’t for the fact that eBay happens to own the primary (almost the only) way of paying online: PayPal. eBay has essentially made sure that they get to claim even more fees — i.e. the fees charged to sellers for receiving payments via PayPal. So now eBay gets fees when a seller lists an item, fees when they sell it, and fees when they get paid for it!
All of these fees are quickly eating into the sellers’ slim profit margins. As the article points out, eBay has ventured pretty far from what they used to be — an auction site populated by small sellers. And at the rate they’re going, pretty soon eBay will no longer offer any reasonable self-employment opportunities at all!
Technorati Tags: eBay, start your own business, eBay stores, eBay drop off store, PayPal
