Quote:
Originally Posted by RichardSimon
Ebay knows they have the market cornered. They can just keep squeezing.
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Do they though? With PayPal being a separate entity, but still offering purchase protection when Goods & Services is chosen, I don't know if eBay will ever have the market cornered.
I don't have any social media accounts anymore, but when I did I was using Twitter, Facebook pages, etc., to sell cards and other crap. The outreach of those social media platforms is massive, and PayPal only charges the 2.9% + $.3 fee, which is significantly lower than eBay. Facebook, as much as I hate them and Zuckerberg, has created a pretty solid marketplace interface that is user-friendly and simple.
If you look at the growth of eBay's stock, or lack thereof, it shows that they have yet to corner the market. Amazon has cornered their market more than eBay has cornered their's, which is evident by Amazon's stock.
I actually think these fees are eBay grasping for straws that lead to more profit for them. I think eBay is ultimately struggling, hence the extensive reaching into seller's pockets.