eBay slashed the fees for fashion items in the UK

April 10, 2024 by
Frank Calviño

eBay has slashed the fees for fashion items in the UK. Specifically, the company has drastically reduced the fees that users have to pay to sell on its website, with the fashion category being the most benefited. In some cases, fashion items had been completely removed from fees, meaning that sellers won’t have to pay for selling some fashion items on the eBay UK site. 

Specifically, it has been applied to all items except sneakers, handbags, watches, and jewelry, which are still subject to fees, although "reduced".

These changes affect not only new products for sale but also those already for sale on the marketplace. As eBay explains, "now UK-based private sellers can sell clothing for free and will not pay end-value fees or regulatory operating fees when selling these items."

Thus, from now on, selling any of these items on the marketplace will incur a fee of 8% of the price of the item plus the corresponding 30 pence. On the other hand, items priced at more than 100 pounds can be sold free of charge.

eBay bet on AI tools 

eBay is also betting on generative artificial intelligence (AI). Recently, the German marketplace launched a new AI tool that allows sellers to generate product listings from images. Dubbed 'magic listing,' the tool can automatically write a title and description based on an image, as well as information including product release date, category, subcategory, list price, and shipping cost.

This tool builds on the company's efforts to implement AI into the selling process. In fact, eBay has also improved its image background removal tool, which will allow sellers to share better product images.

In Q4 2023, eBay posted results that underscore its efforts to drive organic growth and stabilize its buyer base. The company's earnings report showed a 3% increase in revenue to $2.6 billion. In parallel, eBay's advertising business also posted strong growth, with total advertising revenue for the year up 25%.

Google invests $350 million in Flipkart in a bet to control India
Google has invested nearly $350 million in Flipkart, becoming the latest big-name company to back the Walmart-owned Indian startup. Specifically, Flipkart explained in a press release that the tech company...
May 28, 2024
At least 95.8% of Europeans have shopped online during 2024 Q1
At least 95.8% of European consumers shopped online in the first quarter of this year. In the United Kingdom, that percentage was 93%. In the Netherlands, 96% of consumers shopped...
May 27, 2024
Temu's parent company, PDD Holdings, increased its profits by 245% during the 2024 Q1
Chinese group PDD Holdings, owner of e-commerce platform Temu and Pinduoduo, posted an attributable net profit of 27.997 billion yuan (3.592 billion euros) in the first quarter of 2024, an...
May 24, 2024
Top crossmenu

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.