eBay to slash charges on fixed-price products

By Emma Thelwell Online autioneer eBay plans to slash its charges in a bid to lure more big ticket retailers to its site, pitting it alongside rivals such as Amazon.com. eBay said it will reduce its fees for all products listed at a fixed price - on its 'Buy it Now' marketplace - as opposed to those products put up for auction. Around 178,000 sellers list products on eBay at a fixed price, accounting for 43pc of all eBay's sales. These sellers range from primary retailers that include household names, such as Littlewoods and Orange, to individuals selling stock on eBay as a second job. From September 24, upfront listing fees will be reduced for fixed-price sellers to offer all their stock to buyers on the site, moving fees to the back end so that they pay eBay only when an item has been sold. eBay also said it will abandon... [read full story]