The scheme will waive fees for start-ups and smaller businesses until they have made over 100 sales each month.
The new scheme will launch on Friday October 9 and will be in place until at least the end of the year. The ‘Pay as You Grow’ government policy is specifically designed to give smaller businesses and start-ups a boost to set up their own online businesses at little to no cost.
Listing fees for eBay are some of the biggest fees online businesses have to pay. These fees are usually non-refundable, even if an item doesn’t sell. Under this new scheme, no listing fees will be charged for first-time sellers until they make 100 sales each month, followed by discounted fees until they have made up to 300 sales each month thereafter.
“Britain is teeming with would-be entrepreneurs and businesspeople. We just need to give them a helping hand and the encouragement they need to get their business up and running. With all the economic challenges we’re seeing across the country, getting rid of the barriers to trading online will really help. We’ve specifically designed this offer for first-time sellers and start-ups – partly to help the growing numbers of unemployed to set up their own businesses and start making money,” commented Murray Lambell, UK General Manager, eBay.
