<\/div>\n

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On Tuesday, eBay said its move, which has taken effect immediately, meant private sellers would no longer pay so-called final value fees or regulatory operating fees when they sold on the site.<\/p>\n

A survey for the website suggested that an estimated 294m unused items across the UK could generate more than \u00a39bn in resale income, with half of households (50%) valuing their unused items at between \u00a350 and \u00a3300.<\/p>\n

Nearly a quarter of households (24%) were sitting on items worth more than \u00a3500, the most common categories including adult clothing, DVDs, CDs and gadgets, the poll found.<\/p>\n

When eBay\u2019s German site dropped selling fees last year, it reportedly gave a boost to the business. The company claimed that not only did more people there start selling on the site as a result, but more than 250,000 German sellers started buying, and they ended up buying twice as much as buyers who do not sell.<\/p>\n

The consumer research, carried out in August, also found that the majority of people (56%) sold items they no longer used in order to make money, with almost half (47%) finding it more sustainable than throwing them away, 55% wanting to clear space in their home, and 23% selling things to fund new purchases.<\/p>\n

Kirsty Keoghan, the eBay UK general manager, said: \u201cRemoving selling fees across categories is designed to give buyers access to greater breadth and depth of inventory, while creating a simplified and streamlined experience for sellers.\u201d<\/p>\n<\/div>\n<\/div>\n

Source: www.theguardian.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Online retailer eBay has scrapped fees for private sellers across almost all of its categories as it attempts to keep fast-growing rivals such as Depop and Vinted at arm\u2019s length. The move means eBay\u2019s UK sellers no longer have to pay transaction fees, except for cars, motorcycles and other vehicles. In April this year, eBay…<\/p>\n","protected":false},"author":1,"featured_media":91807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-91806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\n