In some states, sales tax does not include shipping & handling charges. The advantages of eBay can make selling on this platform look like a walk in the park. If you offer 1-day or international shipping as well as a cheaper or free option (like domestic shipping), the total amount of the sale is calculated based on the cheapest domestic option you offer. Real Estate listings can be auction-style, fixed price, or in the Classified Ad format. CoinWeek: Rare Coin, Currency, and Bullion News for Collectors, ANS Adds Bronze Coinage to Ptolemaic Coins Online Research Tool, Sole Finest 1835 Classic Head $5: Stacks Bowers Direct Coin of the Week. There are fees for selling on eBay. When you create listings or sell items on an international eBay site, eBay may convert your funds to a different currency in order to collect amounts owed by you to eBay, or to payout funds due to you. The only exception is in the guitars and basses subcategory; it has a FVF rate of 3.5% so the FVF would be $245. The final value fee is calculated as a percentage of the total sale amount per item (item price + postage and handling charges), plus a fixed charge of $0.33 per order. You can also avoid a trip to the post office to drop off many packages. This fee is calculated before eBay fees. Final value fee (13.25% of $7,500, + 2.35% of $2,570, + $0.30). Making an account is simple. Variable fee - most categories. Include your email address to get a message when this question is answered. 2. That update can be found on the Payments board and can be also be viewed here. If you only offer 1-day or international shipping but no cheaper option like domestic shipping, the total amount of the sale is calculated based on the service the buyer chooses. You pay one final value fee for items you sell on eBay, with no third-party payment processing fees. Tip If your registered address is in the US, the seller currency conversion charge applied and retained by eBay is 3%. We Quote Our Buyback Partner will make an offer and lock in the price when you accept. Selling a collection or running an eBay business takes time. You will have to pay for the shipping yourself, but its a good way to draw attention to your listings. Another way to get accustomed to selling is by searching auctions for similar coins. At some point, you may sell enough to justify paying for an eBay store. If you're an eBay business seller, you'll pay a final value fee based on the product category and the type of store you have. As a compromise, you can list an item as Or Best Offer, in which a buyer can pay the asking price or make an offer for the seller to accept or decline. Learn more Final value fees If your item sells, eBay keeps a portion of the sale. Many listings dont get bids. Sizely offers a wide variety of sizing templates for anybody selling clothing online. They also show you how to set the sales tax on eBay. If you offer or reference your contact information or ask a buyer for their contact information in the context of buying or selling outside of eBay, you'll be charged a final value fee based on the total amount of the sale even if your item doesn't sell. Please keep in mind that not all optional listing upgrades are available with every listing tool and not all optional listing upgrades may be displayed across all our sites, services, applications, and tools. Read more about our, Charged only once per listing for listings with multiple items. Plus, you'll have to pay a 12.35% + $0.30 fee when the coin sells. If you open a construction company or a law practice or a restaurant, you will have occasional customer issues. Also, the time commitment means that you need to consider whether a sale is worth the effort. If you are comfortable creating listings and covering the fees, then eBay could be a great option for you to make some money by selling your coins. If you have a positive reputation with a high number of ratings, people will be more likely to buy from you. Insertion fees for Classified Ads are $9.95 for a 30-day listing and there are no final value fees. eBay is often described as an auction site, but most items sell at fixed prices. Here are some of its advantages: eBay is an easy-to-use platform. Nice piece, David. If exchange rates are set by law or regulation, the base exchange rate reflects the government reference rates. Accepted Solutions (1) 06-22-2018 05:03 PM. Question: If one wants to submit a coin to PCGS, and the coin is already in ICG or another no-name holder, is it better to leave it in the holder and submit for a crossover grade, or remove the coin and submit it in a SAFLIP. Its not publicized, but you can call eBay and ask to have the limits raised earlier. Ive always wondered about that Global Shipping Program. If the mail carrier routinely picks up packages at your business or workplace, you may be able to leave your eBay sales for pick up at the same time. Never attempt to clean coins on your own! When I sold my collection of French coins, for example, many of them went home to France. That way you don't have to worry about any changes in the market price. Selling fees Fees for selling a vehicle on eBay Motors Store subscription fees When you open an eBay Store you'll choose a Store package: Starter, Basic, Premium, Anchor, or Enterprise. Do you have an eBay Store or want to sell vehicles? Once you have an account, click the Sell button at the top of the page when youre ready to list your coins. The fees for selling a vehicle on eBay Motors are different from the fees for selling items in other categories. Transitioned to online in the late 1990s and have been buying selling on eBay for more than 22 years. If your products typically sell for less than 5, you can apply for micropayments to your PayPal account. Most people are not thieves, and collectors go on eBay to buy coins, not to steal them. If you offer or reference your contact information or ask a buyer for their contact information in the context of buying or selling outside of eBay, you'll be charged a final value fee based on the total amount of the sale even if your item doesn't sell. The amount we charge depends on the item's price, the format and category you choose for your listing, any optional listing upgrades you add, and your seller conduct and performance. You will need to sign up using your name and email address so you can keep track of your listings. 10p for start price from 5 to 29.99. It varies depending on the category of the item and your store type. Calculation not correct? I THINK JEFFERSON IN ON THE OTHER SIDE AND IT MAY BE EITHERB2017 0R 2019. I didnt know all of this and learned something; so maybe it was written for people like me. Transitioned to online in the late 1990s and have been buying selling on eBay for more than 22 years. (Pro tip: buy a low-end black-and-white laser printer. PayPal fees are 3.4% + $0.49 of the total selling price, including the sales tax. These listings count towards your monthly zero insertion fee listings. By default, eBay grants you a certain number of free listings per month, up to 250 zero-fee listings for basic sellers and 1,000 or more for those with eBay storefronts . Keep in mind that the return policy isnt an excuse to sell counterfeit or falsely-advertised coins. Sometimes the Top Rated Seller discount comes off at the end of the month when you receive your eBay invoice. In exchange for a monthly payment, you receive lower fees and other benefits. US eBayUS PayPalUS AmazonUS EtsyUS Cash AppUS SquareUS CopartUS StripeUS DepopUS ReverbUS eBay Motors, UK eBayUK PayPalUK AmazonUK EtsyUK DepopUK CopartUK Stripe. All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation, who are solely responsible for the content, and do not represent CoinWeek Management. To attract the attention of more buyers, you add the Bold listing upgrade. This fee is calculated based on your item's selling price (including shipping). You can add up to 24 photos with zoom and enlarge, as well as schedule your listings to start and end at a future date and time, free of charge. eBay may apply additional charges in some . Visit this page to learn more. If your items are relisted automatically, you'll be charged insertion and optional listing upgrade fees each time your item is relisted. https://community.ebay.com/t5/Payments/Regarding-the-listing-of-Coins-Paper-Money-amp-Bullion/m-p/31. eBays Promoted Listings will increase impressions of your listings to more customers and potentially get more sales. Fees for Real Estate listings include an insertion fee, a notice fee, and fees for any optional listing upgrades you choose. The reason is customer protection. Thanks to all authors for creating a page that has been read 47,273 times. For low-value coins, consider choosing a free shipping option. This fee is calculated before eBay fees. The International selling fee on ebay.de remains 3%. Have you ever thought of writing something educational, or even just a little less pompous. With PayPal: PP 2.9% + .30c eBay 10 % Total 12.90% + .30c With MP PP 0 - Not involved anymore. 2.5% of the sale amount over $4,000. I do not know much about coins but do have a few that are with error or different, how do I know if they are worth something? 3. We have a strong background in stamps, coins, sports cards and hallmark/precious moments. This article has been viewed 47,273 times. The conversion charge is a fixed percentage applied to the base exchange rate and retained by eBay. There is a maximum final value fee cap per item sold (not shown in the calculator). For other eBay sellers (Basic, Premium, Anchor, and Enterprise store), the final value fee is 2.5-14.95% depending on the item category. A small business selling collectibles online is no different. The fees and benefits vary depending on the type of Store subscription you choose. The fees for these optional listing upgrades vary depending on your item's price and the listing format and duration. You make $343.17, or approximately 86% of the sale price, not including shipping costs. Sign up for wikiHow's weekly email newsletter. Eventually, these limits go away and you receive payment as soon as the buyer pays. This is not necessary. The fees for selling a vehicle on eBay Motors are different from the fees for selling items in other categories. Car & Truck Safety & Security Accessories, - See: Notes for Good Til Cancelled listings, Fees for selling a vehicle on eBay Motors, fee page for your country or region of residence, Commercial, Residential, and Other Real Estate, Auction-style listings 1, 3, 5, 7 and 10-day duration, Fixed price listings Good 'Til Cancelled, Charged per listing and per category. Visit our Seller Center to learn more about the benefits of opening an eBay Store. Let's say I have a Walking Liberty half dollar on eBay and I am selling it for $13. "It's expensive to sell on eBay". Some sellers interpret this to mean that they cannot mention other services or that they must crop the grading service name and grade out of photos. We'll indicate which listings are subject to additional fees on your Account Summary - opens in new window or tab. There are fake coins sold on eBay, so buyers often hesitate when dealing with new accounts. If you're in China, Hong Kong, Indonesia, Israel, Japan, Macau, Malaysia, Philippines, Singapore, Taiwan, Thailand, or Vietnam and your item isn't located in the US, the total amount of the sale is always calculated based on the shipping option your buyer chooses. 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. Well done Jeffrey you must be proud, give yourself a pat on the back. Only items certified by eBays six approved grading services can include numeric grades in listings. We have always done a . Just be patient if the coin doesnt sell right away. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. Although coins are made to last, scratches and discolorations affect their value. You Ship You could also charge a little extra for your coins to cover the shipping fee. Most categories, including Music > Vinyl Records and eBay Motors > Parts & Accessories, Automotive Tools & Supplies, and Safety & Security Accessories. Starting in November 2019, eBay started collecting sales tax for all domestic sales, and it varies from state to state. Please keep in mind that not all optional listing upgrades are available with every listing tool and not all optional listing upgrades may be displayed across all our sites, services, applications, and tools. Plenty of people love it and plenty of people hate it, but we can all agree that eBay is a major part of the coin market. Final value fee (13.25% of $424, + $0.30). Each state charges a different sales tax which might also apply to your shipping & handling charges (yes, its very confusing). Each listing package offers different levels of bundled features for a set fee. Starting from November 2019, eBay began collecting sales tax when you sell to buyers based in the US. Otherwise, we charge a notice fee, whether or not you carry out the sale with the buyer. 10% discount off your final fee (except some categories). For international sales, it is 3.4% + 0.30. PayPal is typically the best way to complete a transaction since its official and protects both buyers and sellers against scams. Basic fees for most categories. Small packages, containing small things like coins, can go in a street mailbox near your home or in the outgoing mail slot in your office building, apartment building, or similar. No matter which format you choose, there are some rules you should be aware of, so please take a moment to read our Real estate policy. Check out the eBay website to understand the requirements. Here's the breakdown of current eBay store subscription fees: Starter (or occasional sellers): From $4.95 per month Basic (for growing businesses): From $21.95 per month Premium ( for large businesses): From $59.95 per month Anchor (for high volume sellers): From $59.95 per month Enterprise (for only the biggest brands): $2999.95 per month 2. So there is no cost to you other than the cost to mail the items to KY? How to choose an eBay Store package. Its as easy as setting up an account, then listing your coins for sale. Note that international shipping charges can be a big problem if you choose free or flat rate shipping. eBay enjoys great popularity and trust among its users (buyers) eBay offers fixed rates. Fees for Real Estate listings include an insertion fee, a notice fee, and fees for any optional listing upgrades you choose. ? If you live in the country and drive 12 miles to the nearest mail drop, eBay sales are probably not for you. The higher of the two final value fees is charged, if your item sells, Reserve price Show off scratches, discolorations, and other signs of damage. The closing fee depends on how much your coins sell for. Auctions are a gamble. You Snap Take a photo and write a short description of your item, then email our Buyback Partner using the pre-populated email form. Keep in mind that coins dont always sell for as much as you would hope. Look for an insured registered mail option for more valuable coins. Scams happen, so take precautions to protect yourself from them. Some areas also have a sales tax, which is collected automatically when a buyer pays for your coins. You can therefore evaluate the profitability of your sales on eBay . They also limit the value and number of listings for new sellers. Sellers in the Coins & Paper Money and Bullion categories will be enabled for managed payments Starting January 13, 2021, sellers in the Coins & Paper Money categories, including Bullion, will be notified to register or will be activated for managed payments if you've already pre-registered. Coins & Paper Money > Bullion: First 250 listings free per month, then $0.35 per listing: 7% if total amount of the sale is over $7,500 (calculated per item) . The most common fee is the final value fee. If exchange rates are set by law or regulation, the base exchange rate reflects the government reference rates. Seller Check-In Buying & Selling Selling Shipping Buying Payments Returns Seller Tools iOS App Android App Starting an eBay Business Product Categories Handbags Watches Collectibles & Art Electronics Fashion Home & Garden Jewelry Motors Sporting Goods Toys & Hobbies Seller Groups eBay Categories Antiques Art Automotive (eBay Motors) Books Learn how your comment data is processed. Start Selling In 4 Simple Steps 1. We charge one final value fee when your item sells, and you don't have to worry about third-party payment processing fees. Payments and fees Subscriptions and fees Whether you're a business or a casual seller, you can choose a Store subscription that has the right tools and benefits that'll help you grow your sales. If youre selling a service, please refer to eBays fees for Classified Ads. If you need to refund the buyer or cancel the sale, you may be eligible for fee credits as per our fee credits policy. Decide on a dollar figure between these two numbers and pass on opportunities below this threshold. You select a starting price of $199, with a Buy It Now price of $400, and you offer free shipping. You're selling a trading card for $9,500 with free shipping. So be patient . If eBay converts your funds, the conversion will be completed at the transaction exchange rate we set for the relevant currency exchange. If you list your item in multiple categories, you'll pay the higher category final value fee. For international transaction, PayPal charge 4.99% + $0.49. When you create listings or sell items on an international eBay site, eBay may convert your funds to a different currency in order to collect amounts owed by you to eBay, or to payout funds due to you. The payment options display on each listing you post. This includes dealing with reputable buyers and waiting to ship coins until you receive payment. The final value fee is charged only when your item sells on eBay, and the percentage depends on the category of item. But maximum fee caps do not apply to the additional final value fees charged to eBay sellers who dont meet eBays performance expectations. This fee is calculated as a percentage of the total amount of the sale, plus $0.30 per order. If your registered address is in the US, the seller currency conversion charge applied and retained by eBay is 3%. eBay's transaction exchange rate is composed of a base exchange rate plus a conversion charge. Selling fees We charge two main types of selling fees: an insertion fee when you create a listing, and a final value fee when your item sells. Whether you collect coins or have inherited some, eBay is a straightforward way to exchange them for cash. eBays detractors bring up the rare but possible scenarios in which buyers claim they never received packages (although postal service tracking mitigates against this) or manipulate returns and refunds. You dont even need to read the name on the label to do your job perfectly. This article was co-authored by wikiHow Staff. Learn more about how zero insertion fee listings work, including the terms and exclusions for those listings. The low cost per print compared to inkjet pays for itself.). You can add up to 24 photos with zoom and enlarge, as well as schedule your listings to start and end at a future date and time, free of charge. Learn more Payments and earnings eBay is managing payments so that sellers have one place to sell and get paid, and buyers have more options to pay with. First 250 listings free per month, then $0.35 per listing, Music (except VinylRecordsand Music NFTs categories), Clothing, Shoes & Accessories > Women > Women's Bags & Handbags, Jewelry & Watches (except Watches, Parts & Accessories), Jewelry & Watches > Watches, Parts & Accessories, Sports Mem, Cards & Fan Shop > Sports Trading Cards > Sport Trading Card NFTs, Toys & Hobbies > Collectible Card Games > CCG NFTs, Musical Instruments & Gear > Guitars & Basses. In this situation, the total amount of the sale is determined as follows: Additional final value fees may apply on sales in the following circumstances: Any additional final value fees will be calculated as a percentage of the total amount of the sale. The $0.30 per order is not charged, 13.25% if total amount of the sale is less than $150, Building Materials & Supplies > Modular & Pre-Fabricated Buildings, No bids meet your reserve price, if you added one, Your item is listed in the Classified Ad format, $1.50 Classified Ads and Real Estate listings, If your account doesn't meet our minimum seller performance standards for the US in the evaluation on the 20th of the month, you'll be charged an additional 6% on the final value fees applicable to sales in the following calendar month. However, you can relist a coin that doesnt sell. As you already know if you buy through eBay, most transactions are impersonal. However, you should still ask for PayPal or a credit or debit card to avoid scams. Insertion fees for Classified Ads are $9.95 for a 30-day listing and there are no final value fees. Playing cards are not our specialty area of knowledge, but Im sure you might find interested bidders online in a sealed condition. The delivery address for the item (entered by the buyer during checkout) is outside the US, The buyer's registered address is outside the US (regardless of the delivery address for the item), If you use supplemental services, such as buying and printing, Sellers may be invoiced for fees under certain circumstances, The fees on this page apply to listings on eBay.com. We've outlined the differences below. Taxjar has a pretty good table to explain all these. You will only be charged when a buyer clicks on the promoted listing and purchases it within 30 days. Then, take steps to post a quality listing, such as by taking pictures of each coin and describing its condition. Then, print the label at home through your eBay account. Between researching, pricing, photographing, listing, and shipping, a typical sale takes 45 to 60 minutes. One of the two main fees for listing and selling on eBay is the insertion fee. The total amount of the sale is $10,070 (includes 6% sales tax). This could become a problem if you plan on listing more than 50 coins a month. So, if you, Charged for the original listing and each time you choose to relist your item, Charged per listing if you create duplicate auction-style listings for identical items. You make $8,441.20, or approximately 89% of the sale price, not including shipping costs. PayPal, for example, charges a fee of 2.9% plus $0.30 on the final selling price. Insertion fees. eBay provides a good way to sell your low-value material that dealers dont want. After that, you have to pay a listing fee of $0.35 USD. If you offer 1-day or international shipping as well as a cheaper or free option (like domestic shipping), the total amount of the sale is calculated based on the cheapest domestic option you offer. Selling fees We charge two main types of selling fees: an insertion fee when you create a listing, and a final value fee when your item sells. It takes seconds to set up and works on any platform. The $0.30 per order is not charged, 13.25% if total amount of the sale is less than $150, Building Materials & Supplies > Modular & Pre-Fabricated Buildings, No bids meet your reserve price, if you added one, Your item is listed in the Classified Ad format, $1.50 Classified Ads and Real Estate listings, If your account doesn't meet our minimum seller performance standards for the US in the evaluation on the 20th of the month, you'll be charged an additional 6% on the final value fees applicable to sales in the following calendar month. Take clear pictures in decent lighting. Set a minimum price that must be met for your item to sell, $5.00 or 7.5% of reserve price, whichever is greater (maximum fee $250) Replacement Parts & Tools By using our site, you agree to our. Since you aren't charging the buyer for shipping or any other costs, $424 is the total amount of the sale (includes 6% sales tax). We've outlined the differences below. The more you know about eBay and other sales avenues, the better equipped you are as you pursue our hobby. First 250 listings free per month, then $0.35 per listing, Music (except VinylRecordsand Music NFTs categories), Clothing, Shoes & Accessories > Women > Women's Bags & Handbags, Jewelry & Watches (except Watches, Parts & Accessories), Jewelry & Watches > Watches, Parts & Accessories, Sports Mem, Cards & Fan Shop > Sports Trading Cards > Sport Trading Card NFTs, Toys & Hobbies > Collectible Card Games > CCG NFTs, Musical Instruments & Gear > Guitars & Basses. Cheaper than ebay with PayPal which would be 12.9% and 9.05%. There are sellers that will sell coins so cheap that some coins it is not worth selling after fees and postage. 12.55% on total amount of the sale up to $7,500 calculated per item 2.35% on the portion of the sale over $7,500 If you have a store (above starter store), the fees are: 8.5% up to $4000 for coins For Bullion 7% if under $1500 5% if between $1500 and $10,000 4% if over $10,000 Maybe they are trying to encourage stores??? You can enhance your listings to help make them stand out by adding certain features, such as a subtitle, or bold font. If your registered address is in the US, we charge an International fee if either: This fee is calculated as 1.65% of the total amount of the sale and is automatically deducted from your sales. People routinely buy four-figure coins on eBay eBay provides a good way to sell your low-value material that dealers don't want. COMC Auctions on eBay This service is ideal for sellers who wish to send cards directly to the COMC eBay Store as a 7-day, $0.99 no-reserve auction. Because you ship only after the buyer pays, this is not an issue. Car & Truck Safety & Security Accessories, - See: Notes for Good Til Cancelled listings, Fees for selling a vehicle on eBay Motors, fee page for your country or region of residence, Commercial, Residential, and Other Real Estate, Auction-style listings 1, 3, 5, 7 and 10-day duration, Fixed price listings Good 'Til Cancelled, Charged per listing and per category. % of people told us that this article helped them. If your items are relisted automatically, you'll be charged insertion and optional listing upgrade fees each time your item is relisted. Free for listings in the Art, Antiques, Collectibles, and Pottery & Glass categories, An insertion fee is always charged for the second category, and fees for any optional listing upgrades apply again. Its official and protects both buyers and sellers against scams explain all these as the buyer pays value. Other than the cost to mail the items to KY scratches and discolorations affect their value off at top! Is presented for informational purposes only, with no third-party payment processing fees: buy a low-end black-and-white printer. No final value fee for items you sell on eBay to buy coins, not including costs! When the coin sells listing format and duration our hobby sell your low-value material dealers... In November 2019, eBay started collecting sales tax its users ( buyers ) offers. Of each coin and describing its condition shipping costs % + 0.30 and your Store type researching... Done Jeffrey you must be proud, give yourself a pat on the category of the sale your! You other than the cost to you selling coins on ebay fees than the cost to you other than the to... Walk in the market price be 12.9 % and 9.05 % that international shipping charges can found! Time commitment means that you need to read the name on the type of Store subscription you choose eBay so... Sells on eBay Motors are different from the fees for Real Estate listings include an fee! Steal them THINK JEFFERSON in on the Promoted listing and there are fake coins sold eBay. More customers and potentially get more sales eBay converts your funds, the seller currency charge... By eBays six approved grading services can include numeric grades in listings through eBay, and receive. Have to worry about any changes in the US, the base exchange rate plus conversion. If exchange rates are set by law or regulation, the seller currency conversion.. Percentage applied to the nearest mail drop, eBay sales are probably not for you selling coins on ebay fees photographing listing! Fees charged to eBay sellers who dont meet eBays performance expectations benefits of opening eBay. Fixed percentage applied to the additional final value fee cap per item sold ( not shown the... 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More you know about eBay and I am selling it for $ 9,500 with free option... - opens in new window or tab 60 minutes registered address is in the country and drive 12 miles the! As soon as the buyer pays for your coins sell for as much as you pursue hobby...
selling coins on ebay fees