Ebid Emerging As Serious Competitor To Ebay + No FEES EVER!!

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Okay hands up who has had enough of ebay monopolising the online auction market? Wow! that's quite a few hands! The truth is ebay in the last few months has really started to show it's nasty side. Most sellers now are really struggling to make a profit with their fees having recently just gone up - again. Many small business relied on ebay to sell their wares to a mass market, but now ebay & paypal have stuck the knife in & the fees are just too high to sustain a business let alone a profit! Ebid however has noted all the changes at ebay & have changed their terms accordingly. With so many sellers now leaving ebay in search of newer pastures, Ebid has seen a huge surge in new registered customers & rightly so. For starters they have zero listing fees & zero final value fees. This is where ebay has failed is customers by steadily incresing these fees over the years. Now it has got to a point where the sheer size of the combined fees of listing, final value & paypal fees overshadow any profit. Payment processors that ebid use are: Google Checkout (highly recommended) PPPay, & Paypal (let's not go there -right?!) If you want to start making a profit agian & have no fees ever - FOR LIFE! - I would ditch ebay today for good & switch to the rapidly growing fee-free world of Ebid.

I was so impressed with this auction site that I have even enrolled myself & paid for the seller+ option (lifetime membership with NO FEES EVER!) My username on Ebid is edsthreads.

Ebid News Update 2nd june 2008:

"After the announcement of Bidville closing down it's operations, Ebid is glad to offer their users a new home in our great value auction environment.

As part of our offer Bidville users can transfer their feedback AND obtain a free Seller+ lifetime membership with Ebid, saving themselves $49.99. A Seller+ membership gives you auctions with Zero Listing Fees and Zero final value fees for life. Just email to support@ebid.net your Bidville username, a screen shot of your feedback WITHIN the My Bidville area and let us know your new eBid username. Your account will be upgraded to Seller+ and your feedback added to your account.

This is a limited time offer and will not include any other current offers related to Seller+ Lifetime memberships."

Wow! things are just getting better & better at Ebid! - let's hope they can one-day challenge Ebay & stop the monoploization of the online auction indutsry & it's associated payment processor.

VelocityClicks Scam - Do Not Sign Up To This Site

Don't even waste your time with VelocityClicks. Eric Lew the serial scammer has been up to his old tricks again. Not so long ago a PTC website called icashout.net was recently exposed as a scam & Eric Lew was behind this as well. He is also known as theyoungmc@hotmail.com or theyoungmc as one of his referal names. visit:www.payperclickwebsitereview.blogspot.com for much more useful info regarding this scam. If you want to earn money from the PTC industry I seriously recommend visiting my blog mentioned above.

I Want To Make Extra Money, But Not On Ebay?

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Ebay Fee Hike Sparks Mass Exodus

Editor's note: This story was originally published Jan. 30 by CNN.Money

"If eBay's fee changes were meant to shore up market share at a time when sellers are increasingly migrating to competitors such as Amazon (AMZN, Fortune 500), initial response suggests it may do the opposite: eBay's veteran sellers are furious, with some forecasting ruin for their businesses.

"Ouch!" said Laura Ricciotti, a seller from Windsor, Ontario, about Tuesday's announcement of a new fee structure for the online auction giant.

Ricciotti said the new fees, set to go into effect Feb. 20, will pinch her already tiny margins selling children's books through her eBay (EBAY, Fortune 500) store, Read With Me Books, which began in 2000 with posts for a few auctions for baby clothes and other finds.

"Sellers need to remain competitive in their pricing to do well in eBay's global marketplace, and it will be very difficult to continue to do so and still see a profit," she said, under the new scenario."

And that was one of the gentler reactions

Paypal Upsetting It's Customers Again

This Time It's CNN.Money in USA who reported on this item: (Feb 9th 2008)

"In the uproar that erupted over the planned fee hikes and other policy changes eBay announced last week, one drew particular ire and incredulity: eBay's plan to hold payments sent through its PayPal payment service for up to 21 days in certain circumstances.

The freeze will apply to transactions eBay (EBAY, Fortune 500) considers high-risk, and is intended to protect buyers from the hazards of a bad transaction. By hanging on to funds, eBay can easily refund them if a seller doesn't ship a purchased item or sends damaged goods.

What is sparking reactions ranging from annoyance to panic among some of eBay's sellers is the company's criteria for determining what transactions fall into the "high-risk" category. Factors beyond sellers' control, including the number of "feedback" comments they have from previous buyers and how many of those comments are positive, can trigger the freeze.

"It's like a bad dream, really," said Dana White, an eBay seller who lives outside Ocean City, Md., and deals in used clothing, shoes and accessories. "I'm a small seller. All I need is two negatives in a 30-day period, and they will hold funds."

Editors Note: Yes Dana, eBay & Paypal respectively, are both living nightmares...

"Representatives from PayPal, which eBay acquired in 2002, declined to comment on how the new policy would affect individual cases, but noted that the changes are paired with increased protections for merchants who use the service.

If Paypal deems a transaction fraudulent, it currently covers merchants for up to $5,000 per year. That cap will be lifted for eBay's PowerSellers, the site's highest-volume merchants, who will now receive unlimited coverage. PayPal will also offer PowerSellers protection on items sent to any address (not just confirmed addresses, the current policy) and expand its merchant coverage for international sales.

PayPal estimates that its new hold policy will affect less than 5% of eBay transactions, and it emphasizes that only relatively untested sellers risk incurring a freeze. Merchants who have been registered with eBay for more than six months, have a feedback score of 100 or higher (meaning they've received positive comments for at least that many transactions), and have a "dissatisfied buyer" rate of less than 5% will never have their funds held.

But on a site that hosts an estimated 113 million listings worldwide at any given time, a policy affecting as many as 5% of those transactions puts millions in jeopardy. If funds are frozen after a sale, PayPal will release them after the buyer leaves positive feedback, three days after the item's confirmed delivery, or at the end of 21 days without a dispute, whichever happens first.

Paypal says the factors that will play into its formula for triggering a hold include the length of time a seller has been on eBay, the seller's feedback rating, and the final cost and shipping fees for the item.

Because PayPal has sole discretion over whether to freeze funds, sellers are upset about a perceived lack of accountability. They're also grouchy about eBay's efforts to force buyers to rely on PayPal: in some categories and for all new sellers, eBay requires vendors to offer PayPal as an option or have their own merchant credit card account. The site has blocked rival payment systems such as Google (GOOG, Fortune 500) Checkout, saying they are not yet proven safe."

Editors Note: I think Google have more experince in payment processing than Paypal, they have been paying their affiliates & publishers for years before eBay even went live!