I noticed that with some of my stuff there is still the old price, other stuff has significantly dropped, I think they are working their way through, I would wait a bit longer, because the updates seem to take time, I imagine they are going by time they were listed? So newer items will be later?
I think they have some real problems with the software ATM
I’m noticing that my higher value items have been quite drastically reduced, but so far my low value items, anything under about £80, I think have stayed the same, but the earnings on them have actually improved. I suspect and hope that this will continue, because those lower value things were hardly worth the trouble of selling with the high commission. But they are things which are worth buying, even if they’re not the high end stuff.
My higher value listings have come down a lot, and looking at the new graduated authentication fees, even with slightly higher shipping fees (if that happens, I thought they were reducing some of those too), I think it actually gives buyers a much better deal on balance, and doesn’t extract quite such a crazy level of commission from sellers. That was my biggest gripe. I’ve got to say though that I think a lot of my items look quite underpriced for what they are now, though! I’m hoping we can settle at a happy medium when making new listings. On the other hand if sales are quicker, that’s not to be sniffed at.
I am hoping that their authentication process will get tighter. As long as they do that, and people start to trust them more, I think this is looking good. Time will tell. My experience has actually always been that it’s ok, over a whole lot of transactions. If they can build trust, maybe more people will think the same.
They do seem to be aiming to tighten up on a lot of fronts. I think I read that there’s a new CEO. Seems like he’s come in with guns blazing.
By the way, yes I’ve noticed that yesterday it looked as though earnings had gone down with the prices, but today the calculator seems to be gradually coming into line, and there are no losses to the seller. They always seem to have significant glitches when they introduce new software. It looks like it’s getting sorted out step by step.
ETA I don’t think they’re revising items by time. I think it’s either by value or by brand or something. My newest items have been lowered and so have some older ones but as I said, none of the low cost stuff. I don’t think it’ll be clear for a day or two yet though.
And ETA again ... Ok so now my lower value items have been reduced too. Bargain for somebody! Way below their value, but I’d already resigned myself to the earnings on those items and the earnings haven’t dropped. Seems to me they started with the higher value things and worked their way down.