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They're increasing the listing fees across the board.
In particular, they're discouraging small auctions by increasing the opening
bids on lots starting under $10 by 20%, whereas other opening bid listings are
only increasing 10%.
Here's the message:
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"Today, we are announcing two changes to the current eBay price structure.
Effective Wednesday, January 31, 2001, we are increasing insertion fees and
adding a charge to the 10-day listing option. Final value fees, other feature
fees and insertion fees for vehicles, eBay Premier and Real Estate remain
unchanged.
Insertion Fees
Here are the old and new price schedules for insertion fees:
Opening Value Current Insertion Fee New Insertion Fee
or Reserve Price
$0.01 - $9.99 $0.25 $0.30
$10.00 - $24.99 $0.50 $0.55
$25.00 - $49.99 $1.00 $1.10
$50.00 -$199.99 $2.00 $2.20
$200 and up $2.00 $3.30
10-Day Listing Option
A new ten-cent ($0.10) fee will be implemented for the 10-day listing option.
The three-day, five-day and seven-day auctions will not have an additional fee.
We recognize that price increases directly impact our sellers. The last time
insertion fees or final value fees were increased was December 1996. We will
continue to build a vibrant marketplace by investing heavily in technology,
marketing and customer support to make it possible for millions of people to
discover and use eBay."
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