eBay has announced that they will be increasing the final value fee structure for a select number of products under the watch category. The good news is that actual watches are not affected and they make up more than 90% of sales in the category.
Check Out These Resources
- Do you need a business bank account for your online business? Take a look at our review of the five best bank accounts for sellers, some of which are free with no minimum balance or deposits. [sponsored]
- Boost your social media engagement with Publer. Learn how you can save time writing engaging content faster with AI. [sponsored]
- Could your online business use capital for growth? Here is a primer on revenue-based loans, and how they work.
Instead, the three main sub-categories affected are – Watch Accessories (260328), Parts, Tools & Guides (173696), and Watches Mixed Lots (51020).
The new store fees will be coming into effect from the 12th of September 2022.
You can see the full announcement including percentage changes below:
eBay Watch Category Final Value Fee Update
“We’re revising final value fees in the Watches, Parts & Accessories category. Watches (260325) final value fees, which represent 90% of the sales in the category, are not changing.
Following the final value fee change, all categories within Watches, Parts & Accessories will share a common fee structure.
Effective September 12, 2022, final value fees will increase in the following categories:
Final value fees for non-Store and Starter Store sellers effective Sept. 12, 2022, in Watch Accessories (260328), Parts, Tools & Guides (173696), and Watches Mixed Lots (51020) categories.
Final value fees for Basic, Premium, Anchor, and Enterprise Store sellers effective Sept. 12, 2022, in Watch Accessories (260328), Parts, Tools & Guides (173696), and Watches Mixed Lots (51020) categories.
We continue to see that our investments in the Watches category, such as eBay Authenticity Guarantee, are winning the trust of our buyers and sellers.
As always, thank you for selling on eBay.
The eBay Team”
Subscribe to Our Newsletter
We do not sell your information.
You can unsubscribe at any time.
Head over to our Facebook Group for Small Business Marketplace Sellers and interact with us and other small business owners. Follow us on Facebook, Twitter, or LinkedIn to stay up to date with relevant news and business insights for your online business.