£208.68 ?

[kodiakblair]

Just curious.

 

Was killing time at used basses and a fairly large number carried BIN prices of £208.68. On a second look it appears prices ending with .68 or with an '8' in general are just as common.

 

Anyone an idea why ?

[tauzero]

It's the new "Buyer Protection Fee" ("Nice item you've got there, wouldn't want anything to happen to it would we?"). More information here.

 

 

[rwillett]

A mandatory fee set by eBay. Never underestimate the ability of these people to find new ways to extract money from you. This is why selling is free, the seller is now paying for the privilege of selling to you through eBay. 

 

[Updated as I got who pays this the wrong way round coz I'm an idiot]

 

Rob

Edited 3 hours ago by rwillett

[Woodinblack]

eBay made a big thing about making listings free, so they got rid of fees on transactions and then added a manditory buyer protection fee, that the seller pays, that was higher than the fees in the first place. Means all the prices look stupid and it is not clear that when you make an offer to someone for say £100, it comes through to the seller as 'they made an offer of £87.32'

 

[pete.young]

3 hours ago, Woodinblack said:

eBay made a big thing about making listings free, so they got rid of fees on transactions and then added a manditory buyer protection fee, that the seller pays, 

 

 I think you'll find it's paid by the buyer. 

[rwillett]

9 minutes ago, pete.young said:

 I think you'll find it's paid by the buyer. 

 

You are correct, my mistake. As I do sell on eBay, I should have realised that. 

 

Corrected

 

Rob

Edited 3 hours ago by rwillett

[kodiakblair]

Thanks for putting me in the picture folks 👍

 

 

[Woodinblack]

39 minutes ago, pete.young said:

 I think you'll find it's paid by the buyer. 

 

ok, yes, all money is paid by the buyer so I guess you can say that fee is too, but it is a price on top of the sale that the seller doesn't get and can't avoid