I don’t sell a lot of stuff on eBay, but when I do, I’m fairly ignorant when it comes to how much I pay eBay and PayPal to facilitate the transaction. Normally I sell low to medium value stuff. They take their fees out of my PayPal balance and I’ve never really paid much attention to it.
Early last month, I sold 44 comic book issues of the The Walking Dead in a single lot. The auction ended at $554.65. That was by far the the most expensive thing I’ve sold in 16 years on eBay. Yesterday I received an email from eBay informing me that my August statement was available.
I owe eBay $57.18.
Of that, $55.47 represents a Final Value Fee for the actual item. That looks like a flat ten percent, rounded up. Then there’s $1.72 added on as another Final Value Fee for the shipping of $17.18. This too looks to be ten percent, rounded up.
I don’t understand why I have to pay a fee on the shipping when I created the auction so the seller pays the actual amount of the shipping. I had already boxed the comics up and weighed the box so that I could list it with the initial auction. The weight along with my zip code, would allow anyone bidding on it to know exactly what they were paying for shipping.
At least in theory.
For some reason, when I listed the auction, I must have selected UPS instead of the regular US Postal Service. I didn’t even know that eBay offered UPS shipping. The buyer was charged $17.18 for UPS shipping, but when I went to PayPal to pay for the shipping through UPS, I was charged a total of $37.11 for shipping the package from Maryland to California. It would seem that eBay’s shipping calculator is a little off when it comes to UPS. I, not eBay had to eat the difference.
Speaking of PayPal, they charged me $16.88 on the transaction of $571.83, the action’s final winning bid and the incorrect shipping price. That worked out to be 2.95 percent. Not bad, but it’s not great, especially when you figure that eBay owns PayPal and is basically forcing you to use their payment gateway.
So what did it cost me in total to sell my 44 The Walking Dead comics to a stranger in California? Here’s a breakdown and a total:
That left me with $460.66 in profit. I see why people sell stuff on Craigslist or Facebook yard sale groups. Going that route, you have to actually meet up with the person to make the exchange. There’s a whole lot of reasons that is less than ideal.
I feel like eBay is charging too much money, mostly because they are.
I’m not really complaining. I had these comics in a box in the garage. I was never going to read them again. If I took them to the Hagerstown 2nd & Charles, some hipster covered with ironic tats and wearing a knitted beanie, would have probably only offered me $43 in store credit. Instead of dealing with that, I was able to take the money and spend it on a new iPad Air at Target. They had them on sale for $50 off shortly after the auction was complete. I already had an iPad, but it was the first generation model. I got it the first day they were available. It was slow and I couldn’t install any of the newer, current apps.
I’m glad I sold my comics, but I’ll think twice before selling something expensive again on eBay.