Ebay will formally announced today that it will begin reducing the fees it
charges to list "fixed-price" items. The change will not take effect for sellers
until mid-September 2008.
Under the new pricing plan, sellers who offer fixed-price items in eBay's
"Buy It Now" format will pay only 35 cents to list an item for 30 days, a 70
percent reduction in upfront fees. The online auctioneer is also expected to
announce that most customers will no longer be allowed to pay by check or
cash--only a credit card or eBay's PayPal payment service will be accepted to
complete transactions.