Total BS. These idiots with MBA's are cutting off their nose to spite their face.
I recently sold a toy truck for $7.05 dollars and was charged a Final Value Fee of $.63 cents (9%). The buyer was from Australia and postage was $17.80 dollars. Under the new rules starting April 19, I would have been charged a FVF of $2.24 for this same transaction if the FVF remains at 9%.
So, because of a rule change and an accounting trick, eBay management has their stock value increase without actually doing anything to deserve it.
Fraud still happens, shill bidding still goes on and yet these guys get a boost in their net worth. Even worse, every time the Post Office, UPS or Fed Ex raises their rates, eBay management will see an increase in fees generated from sales.
Oh yea, the cost to ship the toy truck to Australia was for First Class. If I used Priority Mail International, then shipping would have been a little over $26 dollars.
David
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