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eBay Scraps Transaction Fees in China
PlayCleverFully writes "The US online auction service eBay scrapped all sellers' transaction fees in China, in an effort to compete with local competitors offering free services, including Yahoo-invested Alibaba.com. The online auctioneer announced the changes on its China auction website, saying transaction fees would be waived, but small fees would continue to be charged for listing products on the site's webspace and for "feature" products. eBay's China unit, Eachnet, would also require all sellers to provide authorized online payment mechanisms to improve its credit environment, including PayPal and other escrow services, the announcement said. The move means that sellers won't get paid until the buyers receive and are satisfied with the products, it said."
it's not a %9 increase based of the auction ending price in the US, it's a %9 increase of their current percentage. %2.75 to %3 in this case. Ebay has 3 levels of pricing, %5.something percent for the first $24, %3 for the next 25-999 of value, and around %2 for anything over $1000. The people who make a living bulk importing brand new things from China and re-selling them on ebay are NOT going to be happy about this.
And you can always set your searches to be US only.
------ Work is so much easier when you don't
It's actually a quote from SNL, you straight-up clod.
First all, your data is several years old.
I would like to note that it clearly states 2004, which at maximum 2 years old (and it would have to be from the first 22 days of the year to even be that old).
Computers allow humans to make mistakes at the fastest speeds known, with the possible exception of tequila and handguns
I don't know about that, eternal (big) growth is unsustainable if the population of the country levels off or if all the 3rd world countries (cheap labor/new markets) evolve into 1st world countries over time.
I think growth is needed for a strong economy with a lot of debt (US: Government has 8 trillion dollars debt, individuals even more) and you can see this hit Japan even more, as it's population amount is leveling off (some Europeans countries also have low birth rate) and it's loaded with debt.
You are also seeing this in the housing market in the US. The prices are insane right now, and everybody who is buying is betting that growth/prices will increase even further in the near-term future, making the current prices a bit cheaper with inflation/future payoff. That's betting on future growth, but is it there?
But what about an economy with little (government) debt? Does it need much growth?