We’re doing a series of blog posts comparing Applexit’s buyback service and eBay. This is one of the entries in that comparison.
Strike 3 against eBay: eBay and Paypal fees
There are costs associated with selling any item on eBay, but those fees are not always clear until after your item has sold and you’re figuring out how you’ve done.
eBay starts by giving every user some free insertion/listing fees, so you can post any item for sale without up-front cost. But you pay for that convenience in the fees that they charge at the time of the sale. For a laptop that sells in the auction format for $400 and which included a reserve at $350, there are $43.50 in fees. That’s more than 10% in fees for eBay alone. But the other hidden cost is from PayPal, the way that all sellers on eBay are required to accept payment. Paypal charges another $11.90 for this transaction, yielding a total of 13.85% of the auction amount in fees. So the $400 auction yields $344.60. And in this case, we haven’t figured shipping into the equation, which if you follow eBay’s guidance and offer free shipping, you’ll need to deduct another $25-$35 from your $344 for shipping costs, leaving you with just over $300 at the end of the day.
After you’ve gotten over the fact that you’re now down to $300 in-hand from the $400 which your auction brought in, you now have to hope that the buyer doesn’t discover something about your laptop that was not mentioned in your listing and want to return it. Because while eBay will compel you to accept their return, you’ll likely have to pay for return shipping of the laptop out of your own pocket. eBay will refund the rest of their fees, though, so while you’re out the shipping costs, you’ll at least recoup the final value fees. So if you want to sell your laptop again, you’re starting at least $50 in the hole (original and return shipping costs).
You can see how quickly what appears to be an easy way to sell your laptop (eBay) becomes a fee-ridden experience that leaves a bad taste in your mouth, and even less cash in your pocket.
Sell your Apple device to Applexit. We’ll offer you a fair price up front, we’ll cover shipping costs if you want, and you get 100% of the price we offer if you decide to sell us your laptop. Start today by getting an estimate and let us know if you have any questions about the process.