âIf you decide to do the BIN thing, think long and hard on the price you are asking," wrote the author of âBuy It Now Versus Straight Auction When Listing.â âDo your research by looking to see what other buyers have gotten for their similar item or item. An eBay feature that enables you to add a Buy It Now option to an online auction or fixed-price listing. I don't want this, how do I edit the listing to remove the option? If a shipping address is in one of the marketplace responsibility states within the U.S., the applicable tax will be collected by eBay and included in the order total at checkout. As a result, we were both happy with our transaction. I also derive immense vicarious pleasure from the purchases of my tightly knit fraternity of buddies who, like me, collect vintage baseball gloves. Given that there are 164 million active users on eBay, the online advice for sellers is shockingly thin. The problem is that really rare and valuable items seldom show up on eBay. Be aware that [another] seller who gets the very top price for a similar item could very well have one in perfect condition or just a little rarer so you have to take these things in account.â. ⦠You select a starting price of $199, with a Buy It Now price of $400, and you offer free shipping. We recommend that you learn about eBay's selling policies before you list an item. The advantage of a Buy It Now is that the item can sell more quickly - the 5,7, or 10-day duration does not need to pass for the listing to end. My business was selling other peoples items and then taking a commission. If my seller had gone on Fees are set to change and sellers will no longer have to use PayPal but this means it will take longer to get paid. here comes the questions: Don't forget the seller has to make some money out of the deal, so be realistic with the offers you bid, if all you are going to do is make low offers and not leave the seller with a decent margin then it wont be worth their effort to list anything anymore. © 2021 Forbes Media LLC. account fast enough. Shop with Afterpay on eligible items. Front-load your titles with relevant keywords and organize them in a readable, logical order. Something went wrong. âBuy It Now Versus Straight Auction When Listing.â. All Rights Reserved, This is a BETA experience. I spend about a half-hour each day on it, hunting for vintage baseball memorabilia. Ebay rules for sellers? Not to mention all the counterfeit garbage being sold on eBay which I have told them about numerous times, which they ignore. Three days later, my pancake-flat prize arrived in a cardboard Priority Mail envelope like clockwork and I left the seller glowing feedback. When someone bids, the Buy It Now option usually disappears; however, in the case of reserve price listings, the Buy It Now option remains until the reserve price is met. I know what he later sold it for, $1200, because I was the buyer. Iâm not here to to make the case for using your precious discretionary hours searching for buried treasure on eBay to earn extra income. Iâve written on the sports collectibles industry for 30 years for such publications as Time and Sports Illustrated and have been quoted as an authority everywhere from ABC News.com to The New York Times. eBay and Amazon updated UK sellers on the new agreement between Great Britain and EU. Completely unnecessary! Google Opinions expressed by Forbes Contributors are their own. âCanât someone get a lucky buy it now?â(sic). is my biggest guilty pleasure. Ebay now forces sellers to pay for promotion ads if you want to be seen. Knowing the rules and policies on eBay can help you become a more successful seller. But, there's a catch with Buy It Now. You've already used your allocation of zero insertion fee listings this month, and you are meeting our performance expectations. Second I did nothing deceitful like conning the seller into ending the auction early, a ploy that sellers seldom fall for anymore. eBay is required to charge internet sales tax on purchases in 34 states. Before you kill me for taking advantage of a retiree on a fixed income, let me explain. Tax reports are available on Seller Hub. Handmade in the 1940s by Ripon Knitting Works in Wisconsin, the glove is worth from $500 to $1000. On some listings you can also make an offer of the price youâd like to pay. âI guess now we can see peoples nice comments along with the ones from members who thought I should feel guilty for getting such a good deal that it really is a good pick up,â wrote Josh with a trace of sarcasm on the vintage baseball glove forum. Jersey Australian Kangaroos AFL & Australian Rules Football Memorabilia, Slide {current_page} of {total_pages} - You may also like. Individual states can now require sellers to collect sales tax based on the number and value of sales to the state, called economic nexus, not just physical presence. Auctions with a Buy It Now . Jul 24, 2018 #1. pauls70z Veteran Member Lifetime Gold Member. Another way states have now exercised their new right is by requiring the big marketplaces like Amazon, eBay, Walmart and Etsy, to collect sales tax from buyers on behalf of third-party sellers. I loved eBay then. Despite the common misbelief that eBay is a rules-free âwild, wild westâ kind of trading environment, it is in fact governed by dozens upon dozens of well-enforced rules and policies. Though I buy only a handful of pieces a year, I find the worldâs electronic flea market a wonderful escape from everyday stress like noodling my next post. I finally found an expert. Know the value of your item. If youâre selling a vehicle, you can add a reserve price to make sure you get the price you want for your item. Write clear descriptions. To support this commitment, we've put in place rules and policies that govern our expectations of buyers and sellers, the actions we'll take to keep you safe, and how we'll protect you if something goes wrong. Rather, if youâre a seller, never, ever post an item through Buy It Now without doing due diligence first. As a seller, you're responsible for regularly reviewing and complying with eBay's selling policies, and for meeting your obligations as set out in our User Agreement. Yes, I started my entrepreneurship career on eBay. Iâve written on the sports collectibles industry for 30 years for such publications as Time and Sports Illustrated and have been quoted as an authority everywhere from. There are two ways to buy on eBay. Shop today! Joined: Nov 10, 2005 Location: Naples,FL. PayPal's cut is 2.9% of the final amount, ⦠Recently I happened to be online when a super rare and highly coveted 1940s ambidextrous baseball glove popped up for $20 through Buy It Now (BIN). Donât use acronyms, like NIB, that buyers may not know or understand. While serving as the editor-in-chief of Audubon for 13 years, I was a five-time National Magazine Award finalist, including three nominations for general excellence, the equivalent of an Oscar for Best Picture.
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