Ebay Reduces Seller Fees
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.