eBay Sneaks In Final Value Fee Increase For Jewelry Starting 9-12

Liz Morton
Liz Morton


Comments

UPDATE: eBay has posted an official announcement, along with helpful comparison charts showing the FVF increase.

Final value fee update in the Jewelry category | Seller Center
Authenticity Guarantee, our authentication service for luxury items on eBay, will soon cover high value Jewelry items in some Jewelry categories.

As we create the premier marketplace for buyers and sellers of luxury items, we’re excited to announce the extension of Authenticity Guarantee to the jewelry category. Millions of buyers already shop for jewelry on eBay and new investments in the category will deliver better experiences and improved conversion.

Starting July 20, 2022, Authenticity Guarantee, our authentication service for luxury items, will begin to cover inventory from eBay sellers who list items that sell for $500 or more in the Fine Jewelry and Engagement and Wedding Jewelry categories. We will be increasing our coverage of listings throughout the summer and fall and we’ll notify you when Authenticity Guarantee applies to your inventory.

Along with the extension of Authenticity Guarantee to jewelry, we’ll also be investing in marketing to drive traffic and new buyers, and improvements to the jewelry buying experience on our platform.

To help fulfill our commitment to the jewelry category, we will update final value fees* effective September 12, 2022.

*Final value fee changes referenced above apply to the Jewelry & Watches category, and not Watches, Parts & Accessories at this time.


eBay announced today with great fanfare that they are introducing Authenticity Guarantee for Fine Jewelry, but apparently didn't feel the need to put out an equally triumphant press release about increasing final value fees for the whole category to pay for it.

eBay Authenticity Guaranteed For Fine Jewelry
eBay launches authentication program for fine jewelry in collaboration with GIA, the Gemological Institute of America.

According to jewelry sellers in the eBay community, eBay has sent out an email stating final value fees will increase for most sellers in the category, effective September 12, 2022.

We are raising our final value fees to bring you a service that is free.
Whoever wrote this should run for office...

Whoever wrote this should run for office...

fvf

The increase is reportedly going from 11.7% to 13% for sellers with basic store and above subscriptions and from 12.55% to 15% for non-store and starter store sellers.

Importantly this fee increase is for the entire jewelry category, not just fine jewelry that qualifies for the authentication program.

That means smaller sellers or those who seller cheaper costume jewelry will be effectively subsidizing an authentication program that they will not see any direct benefit from - just like when eBay increased final value fees on all watches to cover escrow or when they increase fees for all handbags to fund authentication for luxury handbags only from certain brands and over $500.

eBay Luxury Watch Escrow & Final Value Fee Increases
eBay partners with Escrow.com for for luxury watches & announces Final Value Fee increase
eBay Final Value Fee Increase For Luxury Handbags Sept 30
eBay announces Final value fee increase in the Women’s Bags & Handbags category effective September 30, 2021

eBay's justification is that these programs bring more buyers to platform overall who shop across categories and across price points, so even if what you sell doesn't directly benefit, the whole category will supposedly see a rise in sales as a result of the increased traffic and trust built by the authentication program - sellers in other focus verticals and beyond have so far not been convinced that strategy is working.

Sellers Grow Weary of eBay’s Vertical Strategy Focus
Sellers are losing patience with vertical focus, calling it exclusionary. Is CEO Jamie Iannone paying attention?

I'll update as more information becomes available - in the meantime, let us know in the comments below how rising fees will impact jewelry selling on eBay!

eBayFees & Payments

Liz Morton Twitter Facebook
LinkedIn

Liz Morton is a 17 year ecommerce pro turned indie investigative journalist providing ad-free deep dives on eBay, Amazon, Etsy & more, championing sellers & advocating for corporate accountability.

Avatar Placeholder
mc
Note that they didn't just change the dollar amounts and FVF percentages.

Note the old fee structure was set up as:

PORTION of the total amount of sale up to "x" ---(at a certain percentage)

PORTION of the sale over "x" ----(at a lower percentage).

But that is NOT the way the new one is written. They didn't just change the dollar numbers and the percentages, they changed the wording. Now it is:

When TOTAL amount of sale up to "x"--- (at a certain percentage)

If TOTAL amount of sale is above "x"---(then at a lower percentage)

If they wanted to retain the method of calculation, they would not have changed the wording....just the numbers

Recent Comments
Avatar PlaceholderConcerned17 hours ago
It is Slowwwwwww and is more expensive to the buyer. In the past items I have ordered will sit at the hub for around 2 weeks. I avoid ebay unless I cannot get it elsewhere.
Avatar Placeholdermarks304721 hours ago
Hi, I have a friend who had an interesting experience recently that fell under this issue. They sold an item, packed and dispatched to the UK Ebay hub, this was midway through the period as the pause occurred. They then received a message from the buyer that they had checked tracking and discovered that the item had disappeared on ebay, no advice. It then turned out that the tracking had been fudged and the package was with them but not forwarded on to the USA. A few hours of to and fro to get the answer that it was due to the tariff dilemma. NO fault of the buyer(who had paid) or the seller ((who had been paid) and a strange response that the item could not be delivered. The buyer would be refunded in full, the seller would keep payment and the item would not be returned. Strange, Ebay must be hurting paying our both sides of the deal+
Avatar PlaceholdercwiYesterday
  1. Start building out the brand and promoting the heck out of Canadian sellers to our domestic market. Work with Federal/Provincial level governments in the push to build a strong presence here in Canada.

  2. Add other calculated shipping options than Canada Post UPS/FedEx for domestic shipping - partner with couriers nationwide, leverage agreements and software integrations with courier reseller platforms such as Stallion Express. Build out a crowd sourced network using national/regional retail locations as drop points for rural regions, leveraging transport networks to move packages to courier pickup points, akin to the UK courier model but adapted to the Canadian realities.

  3. Create a centralized international shipping clearing house to aide micro businesses with affordable shipping rates and customs clearance to avoid pitfalls and complexities (akin to US eIS).

  4. Bring features forward to the platform from other localizations, such as prepaid best offer acceptance, etc.