EBay Guiding essay.doc

Adopt some insurance policy as per the product cost

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adopt some insurance policy as per the product cost according to the company turnover. Members who engaged in trading offenses or site misuse should be banned future trading on eBay. It is better to establish a convenient online escrow system to protect buyers and sellers from fraud dealings. Escrow holds a buyer's payment and sends it to the seller only after the buyer has inspected the product and gives approval. Simultaneously, sellers have the same opportunity to inspect and approve a returned item before the buyer gets a refund. Basic contracting fee structure depends on whether user selling the product using an auction-style listing or selling the item at a fixed price. To list an item on eBay, the user will be charged an Insertion Fee. If the item sells, the user should charge a Final Value Fee. The total cost of selling an item is the Insertion Fee plus the Final Value Fee. To illustrate this, eBay charges an insertion fee of £0.10 plus £0.35 for optional features, then 8.75% of the final sale price. If the payment is taken via PayPal, then a further charge of 3.4% plus £0.20 is charged. With a product sale of £50*, the cost for selling via eBay/PayPal would be £6.57 per product (approximately 13% of the
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