SPONSORED BY:

ONLINE: TRADING PRICES

 

Email To A Friend

Please fill in the following information and we'll email this link.

Separate multiple addresses with commas

SPONSORED BY
 

EBay depends on the art of the exchange. So when the company told its members it would raise some fees, they started to trade new items--angry message-board posts and an online petition more than 20,000 signatures strong. Starting Feb. 18, eBay's $9.95 monthly subscription fee for "Basic eBay stores" will jump to $15.95. Its 10-day listing fee will go from 20 cents to 40 cents per listing. (Other high-price-item fees in some business and industrial categories will drop.) "That morning I opened that e-mail, I said, 'I woke up in hell!' " recalls Elaine Ma, 19, a University of Toronto student, turned petition drafter, who sells handmade items on eBay to pay her tuition. The San Jose, Calif.-based company stands by its decision. "When we make these changes, we're making them because we feel they're the right thing to do to ensure the vibrancy of the marketplace," says eBay spokesman Hani Durzy. Already some users are jumping ship for sites like overstock.com, where auction-site listings rose 50 percent in the days since eBay's announcement. Says overstock.com CEO Patrick Byrne, "As soon as we read about [it], we canceled vacations and made sure our computers were running smoothly."

© 2005

Label

Newsweek Top Stories
Visions of a Decade
Visions of a Decade

From 2000-2009, one photo per month.

The Failure of Copenhagen
The Failure of Copenhagen

Why there could be a silver lining in a failed climate treaty.

Sex Scandals of the 2000s
Sex Scandals of the 2000s

From John Edwards to Mark Sanford, the decade's memorable affairs.

118 Days in Hell
118 Days in Hell

A NEWSWEEK journalist recounts his captivity in Iran.

Discuss

Sponsored by

My Take

Customize the NEWSWEEK homepage
to feature your favorite columnists.

Customize Now