Fees and payments. There are fees associated with selling on eBay. The good news is that there are also incentives and some free listings available to sellers. The three types of fees our insertion fee when you first list, final value fee once you've sold an item, and listing upgrade fees. If you want bonus features for your listing, you can learn all the ins and outs if you check out this eBay page called everything you need to know about selling fees. There will be a link at the end of this lesson.

Be sure to review the page. Even though eBay fees are inevitable, like death and taxes, you can also be rewarded with monthly disk counts and promotional savings. That is money that eBay will give back to you. If you are a top rated seller, and an eBay store subscriber for example, there's an awesome tool that you can use to find out just how much your fees will be for a given item. Click on the link for fee calculator. To use the fee calculator.

First, select the category that your item belongs to. There are different fees for different categories. And to be honest, I have not ever memorized what the fees for all those categories are. I keep it simple by figuring that fees are one of the costs of doing business on the back. Next you will select if the item will be sold at auction or at fixed price. There are different costs regarding both of those.

The fee will change depending on the starting price for your item. If you have one of the three levels of an eBay store, prices for listing will also be different. The stores include basic, premium and anchor. If you are a top rated seller, more about that later, there will be discounts and price benefits for you and more visibility with your listings. You can also get a little help on eBay search by offering free shipping to your listings to let's try a basic example to see how the calculator works. Let's say you have a children's picture book you'd like to sell.

Choose book subcat gory children and young adults. The next subcategory picture books. Let's say you start the auction at $9 and 99 cents, and it sells for 999. The insertion fee will cost you nothing. But the final value fee will cost you $1 profit $8 and 99 cents less whatever the book originally cost you. Let's change it up slightly.

Our children's book is an auction item beginning at 999. And it sells for 2806. Let's calculate. So there's no listing fee, and the final value fee is $2 and 81 cents. Both those listing examples are without having an eBay store. And without being a top rated seller.

You basically have straightforward fees with no discounts and we were able to list those items for Free. Now just for confusion sake, we will begin the auction on our book at 2999. And it will sell for 2999. There will be no listing fee, but the final value fee will go up to $3. We paid a tiny bit more by starting our auction at a higher price. One way to save on fees and get more bitters is to begin our auctions at a lower starting price.

So I don't recommend starting auctions at this higher price unless you know it will sell for a lot higher in the end. Now let's take a look at some of the fees for fixed price listings. Using the same book example, we listed it at a fixed price of 2999. And it sells for that same price. There was no insertion fee, and the final value fee is still at $3 Which is exactly the same as the previous auction example. No difference in fees between auction and fixed price for that book.

Now here's where you can start to see a little savings on fees. Let's use the same book example. We listed it at fixed price of 2999. Now add our top rated seller status into the mix. We will enjoy a 30 cent discount in our final value fee seems like very little to write home about but believe me it adds up. So becoming top rated seller is a really important goal.

Another way to save on eBay fees is by having an eBay store. Any of the three levels will benefit you with fee deductions. Let's take our 2999 fixed price book sale and add an eBay store to the calculate Mix and what do you know, we just saved additional money with a lower final value fee and a discount as well. We will pay eBay just $2 and 47 cents for selling our 2999 book. best deal yet by being a top rated seller and having an eBay store. There will be a section on eBay stores in a future lecture more about them later.

Just know they can add good value to you the eBay seller. The eBay calculator is a fun and easy tool to use. It's certainly okay to check it frequently when you're first starting out. But if you end up over analyzing and spending too much time with the calculator and worrying about your fees, then it may not be helping you at all. If Time is money, then spending too much time worrying about your fees will keep you from the more important tasks like listing. Remember, if your fees are high, it's a good problem to have.

That simply means that you have been selling things and making money. The higher your monthly fees, the more you're selling. eBay offers all sellers a certain amount of free insertions or listings per month. If you don't have an eBay store, you will still get 50 free auction or fixed price listings. If you have the basic store, you will get 250 fixed and 50 auction listings in selected categories. Premium stores get 1500 auctions in selected categories.

Anchor stores get 10,000 fix, and 1000 auction listings in selected categories. All of this may be confusing, but if you list list list, then you will sell, sell sell costs are all part of the game of selling. So if you have a lot of fees, then you've been selling a lot plain and simple payments, or how do I pay those eBay fees since most people will be paying you with PayPal, then the easiest way to pay your eBay fees is with your PayPal account. If you want to get a little cash back, then use your MasterCard connected to your PayPal account and it will come right out of your PayPal balance. You can earn 1% back each month. You can find this info under the tab my account In eBay, and just scroll down to see all of your options.

Fees are taken out once a month. But you can pay them more often if you like. PayPal has some fees associated to it just like any other merchant account would have in a physical store. It's 30 cents for each transaction. And then 2.9% of the total. The fees are taken out when they pay you on paypal.

Click on each transaction to see actual fees that have been taken out. Again, this is another example of the cost of doing business. It's safe and easy and a quick way to get paid by buyers. I like to think of it this way. You have more money at the end of the day than you did to begin with. Then you are ahead of the game.

To review Yes, it's true that eBay and PayPal both Have fees associated with them, but it's part of doing business and it happens in a safe and secure way. There are protections built in for the buyer and for the seller. So what are you waiting for? Let's use some of those free listings and get selling