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E-Folder - 14 Ways To Reduce Your Ebay & Paypal Fees
One of the top complaints against eBay is the level of fees. It is therefore surprising that many large eBay sellers make unnecessary and easily avoidable payments to eBay. This article lists 14 easy-to-implement ways to reduce eBay fees and improve the profitability of your eBay business.
Strategies for all eBay Sellers
Th
Th
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
ese fee-saving strategies can be implemented by all eBay sellers, no matter what items they sell or their listing strategy.
1. PayPal Merchant Discount
If you are a volume seller on eBay, then you are probably eligible for a merchant discount on PayPal fees. The merchant fee structure is as follows:
UK PayPal Fees
?0.
1. PayPal Merchant Discount
If you are a volume seller on eBay, then you are probably eligible for a merchant discount on PayPal fees. The merchant fee structure is as follows:
UK PayPal Fees
?0.
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
00 to ?1,500.00 - 3.4% + ?0.20
?1,500.01 to ?6,000.00 - 2.9% + ?0.20
?6,000.01 to ?15,000.00 - 2.4% + ?0.20
?15,000.01 to ?55,000.00 - 1.9% + ?0.20
above ?55,000.00 - 1.4% + ?0.20
US PayPal fees
$0.00 to $3,000 - 2.9% + $0.30
$3,000.01 to $10,000 - 2.5% + $0.30
$10,000.01 USD-$100,000 - 2.
?1,500.01 to ?6,000.00 - 2.9% + ?0.20
?6,000.01 to ?15,000.00 - 2.4% + ?0.20
?15,000.01 to ?55,000.00 - 1.9% + ?0.20
above ?55,000.00 - 1.4% + ?0.20
US PayPal fees
$0.00 to $3,000 - 2.9% + $0.30
$3,000.01 to $10,000 - 2.5% + $0.30
$10,000.01 USD-$100,000 - 2.
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
2% + $0.30
above $100,000 - 1.9% + $0.30
To receive discounted fees you must log onto your PayPal account and apply. This can be done from PayPal’s fees page.
Potential saving - up to 2% (1% on PayPal.com) on all PayPal transactions.
2. Relisting Credits
Insertion Fees are generally non-refundable. However, eBay will
above $100,000 - 1.9% + $0.30
To receive discounted fees you must log onto your PayPal account and apply. This can be done from PayPal’s fees page.
Potential saving - up to 2% (1% on PayPal.com) on all PayPal transactions.
2. Relisting Credits
Insertion Fees are generally non-refundable. However, eBay will
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
automatically credit the Insertion Fee for an unsuccessful auction if:
You relist the item by clicking the "relist your item" button on the item page for the ended listing (or any other relist feature on the website) and the relisted item is sold the first time you relist it.
Potential saving: Up to ?2 ($4.80 on eBay.com)
You relist the item by clicking the "relist your item" button on the item page for the ended listing (or any other relist feature on the website) and the relisted item is sold the first time you relist it.
Potential saving: Up to ?2 ($4.80 on eBay.com)
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
per relisted item.
3. Reclaiming Non Paying Bidder Fees
If a buyer does not pay for their item, you can claim back the eBay fees via eBay’s unpaid item process. An unpaid item can be reported up to 45 days after an item closes.
See http://pages.ebay.com/help/tp/unpaid-item-process.html for more details.
Potential saving:
3. Reclaiming Non Paying Bidder Fees
If a buyer does not pay for their item, you can claim back the eBay fees via eBay’s unpaid item process. An unpaid item can be reported up to 45 days after an item closes.
See http://pages.ebay.com/help/tp/unpaid-item-process.html for more details.
Potential saving:
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
Listing and final value fees on unpaid items.
4. Host Your Own Photos
If you need to use more than one photo to describe your item, eBay will charge per additional picture. However, it is simple to host your own photos, and avoid this extra cost.
If you have an eBay shop, eBay provides 1MB of free picture storage. In addit
4. Host Your Own Photos
If you need to use more than one photo to describe your item, eBay will charge per additional picture. However, it is simple to host your own photos, and avoid this extra cost.
If you have an eBay shop, eBay provides 1MB of free picture storage. In addit
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
ion, there are many free photo hosting services such as http://www.theimagehosting.com or http://www.pictiger.com/
Potential saving: ?0.12 ($0.15 on eBay.com) per additional picture.
5. Tweak your Starting Prices
Be careful when you choose your starting price, as a very small difference in price can lead to a large increa
Potential saving: ?0.12 ($0.15 on eBay.com) per additional picture.
5. Tweak your Starting Prices
Be careful when you choose your starting price, as a very small difference in price can lead to a large increa
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
se in insertion fee, especially if you are selling multiple items. For example, an item with a starting price of ?29.99 incurs an insertion fee of ?0.75, whereas a starting price of ?30 would cost ?1.50.
On eBay.com a staring price of $49.99 incurs a fee of $1.20 where as a starting price of $50.00 would cost $2.40.
Potenti
On eBay.com a staring price of $49.99 incurs a fee of $1.20 where as a starting price of $50.00 would cost $2.40.
Potenti
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
al saving: Up to ?0.75 ($1.20 on eBay.com) per listing.
6. Pay for Your eBay Fees Using a Cash Back Credit Card
Several credit cards give cash back on money spent. By using an American express credit card to pay your eBay fees, you can receive a small rebate for your eBay fees. Bear in mind that this only works if you pay y
6. Pay for Your eBay Fees Using a Cash Back Credit Card
Several credit cards give cash back on money spent. By using an American express credit card to pay your eBay fees, you can receive a small rebate for your eBay fees. Bear in mind that this only works if you pay y
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ur credit card bill in full each month.
Potential saving: Up to 1.5% cash back on eBay fees.
7. Teach Yourself HTML
Many sellers use eBay’s listing designer service to improve the look of their listing. If you are listing multiple items, this cost will soon add up. By learning some simple HTML or employing a designer, you
Potential saving: Up to 1.5% cash back on eBay fees.
7. Teach Yourself HTML
Many sellers use eBay’s listing designer service to improve the look of their listing. If you are listing multiple items, this cost will soon add up. By learning some simple HTML or employing a designer, you
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
can develop your own template and save on the extra listing fee.
Potential saving: ?0.07 ($0.10 on eBay.com) per listing.
8. Open an Ecommerce Store
Potentially the best strategy of all is to expand your business beyond eBay. By setting up your own ecommerce store you can upsell to customers you have acquired through eBay
Potential saving: ?0.07 ($0.10 on eBay.com) per listing.
8. Open an Ecommerce Store
Potentially the best strategy of all is to expand your business beyond eBay. By setting up your own ecommerce store you can upsell to customers you have acquired through eBay
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
, and pay no fees at all. Channel Management software such as eSellerPro, Marketworks and ChannelAdvisor enable eBay sellers to run an ecommerce store off the same inventory as their eBay sales.
Potential saving: You pay no eBay fees on items sold off eBay! Savings Fees on Listings
The following fee-saving tactics involve
Potential saving: You pay no eBay fees on items sold off eBay! Savings Fees on Listings
The following fee-saving tactics involve
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
changes to your eBay listing strategy and should therefore be considered in the light of your business objectives. For each of these tactics, run a limited trial and compare the conversion rates (% of listings that sell), average sales price (sales total/number of items that sold), take rate (% of sales that eBay takes as fee
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
s) and margin against your current listing strategy.
9. eBay Shop Listings
Despite the recent rise in shop listing fees, eBay shop fees are still on the whole cheaper than core listings. The best use of shop listings is for upselling commodity items and for unusual items that require a longer listing period.
10. Sell More
9. eBay Shop Listings
Despite the recent rise in shop listing fees, eBay shop fees are still on the whole cheaper than core listings. The best use of shop listings is for upselling commodity items and for unusual items that require a longer listing period.
10. Sell More
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
xpensive Items
eBay has a sliding scale of fees, taking a higher percentage of the sale price (take rate) of less expensive items. By selling more expensive items you can reduce your take rate. For example, the take rate of a ?5 item is 9.25%, whilst for ?200 item it is 4.55%.
11. Reassess Your Use of Listing Upgrades
List
eBay has a sliding scale of fees, taking a higher percentage of the sale price (take rate) of less expensive items. By selling more expensive items you can reduce your take rate. For example, the take rate of a ?5 item is 9.25%, whilst for ?200 item it is 4.55%.
11. Reassess Your Use of Listing Upgrades
List
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ing upgrades are expensive, and should not be used unless they are improving sell-through rates and average selling prices. eBay research products like eSellerStreet (http://www.esellerstreet.com), Hammertap (http://www.hammertap.com ) and Terapeak (http://www.terapeak.com/ ) will allow you to investigate the effectiveness of
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
listing upgrades for products in your categories. You should also conduct your own trials.
12. Second Chance Offers
eBay’s Second Chance Offer feature allows more than one item to be sold from a single listing, saving on the listing fee for each additional sale. When using second chance offers, you should be aware that you
12. Second Chance Offers
eBay’s Second Chance Offer feature allows more than one item to be sold from a single listing, saving on the listing fee for each additional sale. When using second chance offers, you should be aware that you
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
are making a trade-off between price and sales volume, as second chance offers are inevitably lower than the item’s final price.
Potential saving: Up to ?2 ($4.80 on eBay.com) per sale.
13. Lower Your Starting Prices
eBay’s insertion fees are linked to the starting price of an auction, by lowering your starting price you
Potential saving: Up to ?2 ($4.80 on eBay.com) per sale.
13. Lower Your Starting Prices
eBay’s insertion fees are linked to the starting price of an auction, by lowering your starting price you
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
will encourage bidding and lower your listing fees.
Potential saving: up to ?1.85 ($4.60 on eBay.com) per listing.
14. Dutch Auctions
Dutch auctions, like the Second Chance Offer, allow you to sell multiple items off a single listing, saving on multiple listing fees.
Potential saving: Up to ?2 ($4.80 on eBay.com) per item
Potential saving: up to ?1.85 ($4.60 on eBay.com) per listing.
14. Dutch Auctions
Dutch auctions, like the Second Chance Offer, allow you to sell multiple items off a single listing, saving on multiple listing fees.
Potential saving: Up to ?2 ($4.80 on eBay.com) per item
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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