eBay UK to roll out 'Pay As You Grow' scheme for start-ups and small businesses

Monday 12 October 2020 13:25 CET | News

eBay UK has announced the launch of the 'Pay As You Grow' offer for UK-based start-ups, removing all fees for first time sellers for their first 100 sales each month.

According to 365 Retail, the offering comes to give an entrepreneurial helping hand to the growing segment of unemployed across the UK, by encouraging them to set up their own online businesses at little to no cost. Moreover, listing fees, or 'Insertion Fees' as they are known as on eBay, are some of the biggest fees businesses have to pay and can sometimes be a barrier to start selling online. Besides, these fees are non-refundable, even if an item doesn’t sell. eBay will also apply a 'Final Value Fee', which is a proportion of the final sale.

Consequently, thanks to eBay’s Pay As You Grow scheme, no listing fees or final value fees will be charged for any first-time seller on the site for their first 100 sales each month, followed by discounted fees thereafter. Therefore, businesses will only have to pay as their sales start to grow. Additionally, fees will be reduced by 50% for the next 100 sales for first-time sellers and reduced by 25% for the 100 sales following that each month.

Overall, the new scheme will serve as a major cash flow boost at a time when small businesses and entrepreneurs need it most, while showing eBay’s efforts to create new economic opportunities right across the UK, following a series of seller support policies brought in since the start of the pandemic, alongside its ongoing investment in eBay for Charity, 365 Retail stated.

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Keywords: eBay, UK, Pay As You Grow, listing fees, final value fees, start-ups, online selling
Categories: Payments & Commerce
Countries: United Kingdom
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Payments & Commerce

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