Shill Bidding

Posts
633
Likes
414
Data centers are never bought and paid for. Equipment constantly has to be refreshed (and believe me, a TB of high end storage is extremely expensive), cybersecurity costs are huge, cooling is expensive, redundant fiber lines, etc. I'm sure they could charge less and still be profitable, but just like anything else, they're the 800 pound gorilla in the room and therefore get to dictate the rules. I'm not defending them by any stretch though. For what they charge, they should be doing more to weed out the scam artists.
The buildings and land are bought and paid for. Servers should be good for 10 years. No comment on storage costs, but I wouldn't be shocked to find out that the cost is expensive and never-ending. Fiber lines should be a one-time cost--even phone companies generally never do maintenance on their fiber. Certainly paying a good deal for electricity to power equipment and cool server rooms. I'm sure there are plenty of costs I'm not considering.

I'm still of the opinion that they're charging sellers way too much for facilitating a sale, considering that it's really paypal that does the heavy-lifting when individuals need protection--and they only take a 3% cut.
 
Posts
5,420
Likes
9,274
I'm guessing they have some employees to pay, too.
 
Posts
568
Likes
1,260
The buildings and land are bought and paid for. Servers should be good for 10 years. No comment on storage costs, but I wouldn't be shocked to find out that the cost is expensive and never-ending. Fiber lines should be a one-time cost--even phone companies generally never do maintenance on their fiber. Certainly paying a good deal for electricity to power equipment and cool server rooms. I'm sure there are plenty of costs I'm not considering.

I'm still of the opinion that they're charging sellers way too much for facilitating a sale, considering that it's really paypal that does the heavy-lifting when individuals need protection--and they only take a 3% cut.
I won't continue to debate you, but I will say your assumptions are incorrect. Let's get back to the original point of the OP.
 
Posts
16,753
Likes
47,407
@mokofoko you have not touched on the thousands of sellers that get worldwide exposure that any B&M store could not fathom to do even with the best marketing companies. Volume is king in any sales platform. Try starting a home buisness and pay for marketing, website etc
The amount for every Omega watch that goes to marketing and advertising would shock all of us.
 
Posts
391
Likes
942
As always price is a function of demand and supply. eBay charges what it does because, by being the first to a new market and technology about 20 years ago now (!), it cornered the supply side of the market, leaving it in a position that is very close to that of a monopolist or duopolist, who is/are able to charge high prices for lack of any fear of real competing suppliers.

However, fear not, ye fee paying watch trading people of the internet fora, for a "fintech" revolution is upon us, which by the creation of cross-border electronic currencies and settlement functions should within the next decade, absent any major intervention such as by governments and financial regulators, allow for new competitors of the likes of eBay to spring up with minimal sunk costs thereby driving down prices or fees associated with online trading.

That's what I reckon anyway.
 
Posts
441
Likes
537
In the collectibles world generally, many well-established dealers with their own web sites and even their own well-appointed and well-stocked brick and mortar stores, put items up for sale on ebay that could easily be bought from them directly. I think they do this as a form of advertising because some customers, especially first-time buyers who are not experienced collectors, don't know about these dealers or realize that they might be better off going to them directly rather than to random unknown sellers on ebay.
Buy it Now non-auctions they are there because the traffic is on ebay. True auctions or auctions with a buy it now are often just trying to move inventory. I have a friend who has a flea market space and when something hasn't moved within 90 days to 120 dumps it on ebay to get something else in the space that might move.
 
Posts
126
Likes
47
Buy it Now non-auctions they are there because the traffic is on ebay. True auctions or auctions with a buy it now are often just trying to move inventory. I have a friend who has a flea market space and when something hasn't moved within 90 days to 120 dumps it on ebay to get something else in the space that might move.

I know someone that does the exact same thing. I don't know how long he keeps it in the building before listing it but it's pretty quick because he needs space for all the crap in the storage lockers he buys lol. Not a bad way to go IMO. He just needs it gone by time lists it so doesn't really matter what it brings I wouldn't guess.
 
Posts
987
Likes
794
I just looked it up on the Australian eBay site in their Sellers centre. Final fee's for Auction and Fixed price listings is capped at AU $250.00 per item. This is for basic listings as well as all store packages. So your final fees for a $7500.00 item are $250.00. Hope this helps.
Regards.