EBay changes parts of fee structure

SAN FRANCISCO - EBay Inc said on Tuesday it would stop charging upfront fees for some people who sell low-priced items and change other parts of its fee system in the US to spur more transactions on its site.

SAN FRANCISCO - EBay Inc said on Tuesday it would stop charging upfront fees for some people who sell low-priced items and change other parts of its fee system in the US to spur more transactions on its site.

Starting on March 30, the electronic commerce website will eliminate fees on items with an auction start price of 99cents or less, allowing sellers to list 100 items a month. EBay would take nine percent of the final price or $50 (about R379), whichever is less.

For sellers who list items often, new "eBay Stores" tiered subscription rates offer insertion fees as low as 3 cents per listing for 30 days. That amounts to a 90percent reduction over current rates, eBay said.

The company has rolled out similar changes in Europe. - Reuters

X