Summary by Moomoo AI
eBay announced the removal of selling fees for consumer-to-consumer (C2C) sellers in the UK for domestic transactions across all categories except motors, effective October 1, 2024. The initiative includes enhanced features such as streamlined listing process, simplified delivery options, improved local pickup experience, and upgraded eBay Balance wallet functionality.The company's monetization strategy encompasses value-added services including first-party advertising, financial services, and new shipping solutions planned for Q4 2024. Additionally, eBay plans to implement a buyer-facing fee in the UK in early 2025, accompanied by enhanced buyer services.This strategic move follows successful implementation in Germany, where similar initiatives improved GMV trends and customer satisfaction metrics. The company aims to tap into the potential of millions of unused items in UK households, leveraging C2C selling to drive marketplace growth, noting that buyers who also sell typically purchase twice as much as non-sellers.
