E-Bay has been one of the best and easiest portal to do business in. It has been the leader in India amongst all e-commerce portals. There has been a tremendous rise in number of sellers and buyers and also in terms of the transaction or business happening on the site.
If business or turnover of ebay was say 10 crore per day before 3 years today it will be no doubt 50 crore per day. e-Bay was having its share- 5% FVF+ 4% Paisapay fees( + listing fees + feature fees + shop fees)it was making over 9 Crore per day. And Now it is making 45 crore per day. With increase in volume , profits too have increased as eBay totally is working on % Based commission.
If technological updates have increased prices, there has also been a mammoth decrease in prices of technological products right from registering a domain name to server costs. So it is really a far fetched excuse.
Payment Gateway Charges have also fallen down considerably. Today the TDR% are as less as 1.75% as per our data and eBay with its volume of business would have no doubt negotiated a better rate.
Also a couple of other excuses like seller protection and chargeback protection are equally lame. We have received chargebacks for 3 orders in last 4 months. where is seller protection.
Sellers providing their mobile numbers on the info are a live 24 hour one man Call Centers. And eBay being such a big site and now charging over 18% in commission cant maintain a 24 hour Call center. Irony.
In apparels there are many sellers working on cataloges, with a fixed price on which they can sell. And with this increase in fees there profits will shrink to almost none.
We still want to know which of the "Key Seller" eBay took into confidence advocated this increase in fees.
Great leaders have always been those who have rectified their mistakes and a couple of times retraced their steps. We sincerely hope eBay being the giant and still the Best online platform will surely take heed to this public outcry and roll back the hike.
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