Probstein Leaving Ebay on Oct 23, Starting Snype

JustinD · #1 09-26-2025, 07:21 PM

I�ll wait and see, but in my mind any competition for eBay is good in my book. The treatment of sellers and the fees on fees has been and continues to be ridiculous.

Lorewalker · #2 09-26-2025, 08:51 PM

Quote:

Originally Posted by JustinD

I�ll wait and see, but in my mind any competition for eBay is good in my book. The treatment of sellers and the fees on fees has been and continues to be ridiculous.

The fees are not horrible if you have a store and jump through a few hoops BUT paying the FVF on the sales tax that we do not collect, as a seller, is total BS.

And now with their slowly implementing the new policy of withholding funds until the item is delivered makes selling there less enticing.

Fred · #3 09-27-2025, 12:23 AM

Is the business model that people send him the cards and he sells/auctions everything as a one man show? The concept is interesting. It won't be like those brutal AH endings. Lots close one by one with that interesting extended bidding rule. As long as the auction lots are staggered and don't all close at the same time as AHs do, then it could work. The only thing that seems off is the income.

In sports collectibles, eBay currently charges a 13.25% seller�s fee plus an extra 2.35% for items selling for more than $7,500.

Under the current formula, a seller of a $9,000 item on eBay would make $7,433. With Probstein�s snype, that same item at the same cost would net the seller $8,730.

Something doesn't add up with those numbers. 3% net to Probstein and the rest to the seller? That must be one very efficient web presence. If the commission is around 3%, I wonder how much business that's going to drum up. I'm sure there will be other things that will increase the overall fee beyond 3%.

Crash and burn? Break even and have to increase fees to 6%? Huge success? This should be interesting to watch.
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FromVAtoLA · #4 09-27-2025, 12:56 PM

The article says Snype has 35 employees. He has $100M+/yr in Ebay sales so I suspect he has a similar number of employees helping him manage that volume and many will migrate to the new venture.

Quote:

Originally Posted by Fred

Is the business model that people send him the cards and he sells/auctions everything as a one man show?

BillyCoxDodgers3B · #5 09-27-2025, 03:35 PM

Will be curious if BIN listings will be allowed, and if raw cards and autographs without the all-powerful TPA blessing will be permitted.

Gorditadogg · #6 09-29-2025, 10:04 PM

Quote:

Originally Posted by Fred

Is the business model that people send him the cards and he sells/auctions everything as a one man show? The concept is interesting. It won't be like those brutal AH endings. Lots close one by one with that interesting extended bidding rule. As long as the auction lots are staggered and don't all close at the same time as AHs do, then it could work. The only thing that seems off is the income.

In sports collectibles, eBay currently charges a 13.25% seller�s fee plus an extra 2.35% for items selling for more than $7,500.

Under the current formula, a seller of a $9,000 item on eBay would make $7,433. With Probstein�s snype, that same item at the same cost would net the seller $8,730.

Something doesn't add up with those numbers. 3% net to Probstein and the rest to the seller? That must be one very efficient web presence. If the commission is around 3%, I wonder how much business that's going to drum up. I'm sure there will be other things that will increase the overall fee beyond 3%.

Crash and burn? Break even and have to increase fees to 6%? Huge success? This should be interesting to watch.
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Those Ebay numbers are not right. It is 13.25 percent on the first $7500 and then 2.35% on everything above that. So the total Ebay fees would be $1029.

premiercardcollectors · #7 09-29-2025, 10:06 PM

Quote:

Originally Posted by Gorditadogg

Those Ebay numbers are not right. It is 13.25 percent on the first $7500 and then 2.35% on everything above that. So the total Ebay fees would be $1029.

Unless you have an eBay store and then the 13.25% is on the first $2500.

Sent from my iPhone using Tapatalk

BillyCoxDodgers3B · #8 09-27-2025, 04:01 AM

Quote:

Originally Posted by Lorewalker

The fees are not horrible if you have a store and jump through a few hoops BUT paying the FVF on the sales tax that we do not collect, as a seller, is total BS.

This has long been a huge bone of contention with me. The bigger question: is this even legal? My layman's logic says no, but perhaps somebody reading with more familiarity on the laws pertaining to this might care to explain it better.

Where I live, a recurring problem has been restaurants applying sales tax to tips when the customer pays with debit or credit. That's another one.

todeen · #9 09-27-2025, 12:10 AM

Quote:

Originally Posted by JustinD

I�ll wait and see, but in my mind any competition for eBay is good in my book. The treatment of sellers and the fees on fees has been and continues to be ridiculous.

Yep!

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toledo_mudhen · #10 09-27-2025, 07:30 AM

Quote:

Originally Posted by JustinD

I�ll wait and see, but in my mind any competition for eBay is good in my book. The treatment of sellers and the fees on fees has been and continues to be ridiculous.

+!

Hopefully - This will be a wakeup call for FeePay - They been fleecing everyone for years.

CardPadre · #11 09-27-2025, 10:40 AM

Only a 3% fee for items selling for over $1000 is really interesting. How do you even process card payments for that amount and have anything left over? Can't imagine they wouldn't accept credit cards.

As for the live chat that goes along with the platform...sounds like it's geared towards a crowd different than the crowd here.

doug.goodman · #12 09-27-2025, 06:07 PM

Quote:

Originally Posted by CardPadre

As for the live chat that goes along with the platform...sounds like it's geared towards a crowd different than the crowd here.

I may join JUST to chat...

gonefishin · #13 09-28-2025, 01:39 PM

I've never purchased, consigned or had any business dealings with him. However, I wish him well and will definitely consider using them once the bugs are worked out.

However, I'm a casual seller. I have slowed down my Ebay selling to almost nothing and haven't used PSA in months due to me not agreeing with the current state of both companies. Neither could care less if they lose my business because it is small potatoes. Just like a single vote doesn't carry much weight, but when considered in the total it can make a tremendous difference.

Maybe I'll just wise up and start selling on Net54!

toledo_mudhen · #14 09-28-2025, 01:56 PM

Add 1 more potato to your group. +1

bmattioli · #15 09-28-2025, 03:58 PM

Quote:

Originally Posted by gonefishin

I've never purchased, consigned or had any business dealings with him. However, I wish him well and will definitely consider using them once the bugs are worked out.

However, I'm a casual seller. I have slowed down my Ebay selling to almost nothing and haven't used PSA in months due to me not agreeing with the current state of both companies. Neither could care less if they lose my business because it is small potatoes. Just like a single vote doesn't carry much weight, but when considered in the total it can make a tremendous difference.

Maybe I'll just wise up and start selling on Net54!

Facebook groups are another option. Many good people on them..

toledo_mudhen · #16 09-30-2025, 01:15 PM

Quote:

Originally Posted by CardPadre

Only a 3% fee for items selling for over $1000 is really interesting. How do you even process card payments for that amount and have anything left over? Can't imagine they wouldn't accept credit cards.

As for the live chat that goes along with the platform...sounds like it's geared towards a crowd different than the crowd here.

I don't think anyone can process a card for less than 3%

Everything I've ever seen (Master Card, Visa, et al) have always been in the 3%-4% range for vendors.

Can't imagine why they would say "Hey Rick - How bout we only charge you 1.5%"

raulus · #17 09-27-2025, 10:49 AM

Good luck to probstein. Obviously a few others have tried similar ventures, but later decided it just didn�t work, probably because they struggled to get the same number of eyeballs and bids. While I�m all for competition for eBay, I�m not real optimistic that this effort will end any differently than other previous attempts. But maybe it will end up being more like an auction house?

Republicaninmass · #18 09-27-2025, 12:55 PM

Better than Shyll

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