talkingDigital

I am still all worked up about eBay raising its final value fees.

When I first began with eBay their philosophy was to stay out of the transaction as much as possible and allow the community to self regulate. No one really cared that eBay took a small percentage from every sale because it was less than five percent and the listing fees were cheaper than a classified ad.

Over time eBay has raised their fees again and again in order to increase profits. How can they be shocked to see profits and membership declining?

I mentioned in the article above that eBay began as an experiment in capitalism. It is fast becoming an example of how over taxing kills off a society. Rather it is proving that capitalism works by demonstrating what happens to a market when capitalism is removed.

In addition to higher final fees, eBay also announced more restrictive selling policies. The company has resorted to babysitting its users. A complete 180 degree turn from the original hands-off governing policy.

It is sad to see eBay die, but I really hope that someone else sees the open door and starts up an eBay killer. For over a decade, other companies have tried to compete with eBay, hopefully a few brave folks are still out there because this would be the perfect year for eBay to meet its match.