eBay Inc (NASDAQ:EBAY) has announced that it is going to revise its fee structure yet again. The new fee structure will be applicable from 2nd April 2015. The fee structure is for business customers and eBay Inc (NASDAQ:EBAY) says that the company’s business is growing and it is trying to provide the best services for its users around the world. This service, eBay Inc (NASDAQ:EBAY) says, comes at a cost and the company has decided to increase the fee slightly.
The new increase in fee will only be applicable if a business customer is able to make a successful sale. An article on Tame Bay said that eBay Inc (NASDAQ:EBAY)’s overall final value fee will be rounded off on the upside. So for example if the fee was 9.57%, it will now be 10%, according to the new structure.
eBay Inc (NASDAQ:EBAY) has also announced that it will be decreasing eBay Premium Service discounts from 15% to 10%. The source said that this was expected as the company’s overall sales are not affected by these discounts. If some business seller is offering a discount the company encourages it but other, things are ignored.
Another bad news: eBay Inc (NASDAQ:EBAY) will now start putting a 10p fine of the listings which are live since 18 months without a sale. The source said that it is quite easy to avoid this fine. 18 months is a long period and if someone has a listing on eBay Inc (NASDAQ:EBAY) which hasn’t made a sale since long, he can remove it and avoid fines.
Carl Icahn’s Icahn Capital Lp is the largest institutional investor in eBay Inc (NASDAQ:EBAY) with over 30.80 million shares in the company by June 30.