Selling Your Stuff Online – Overview & Fees

eBay, Meraci, Craigslist, LetGo, Facebook Marketplace & Etsy

eBay

eBay is, arguably, the most popular site for selling items online. eBay provides a platform to

selling items around the world – which can add a layer of difficulty. eBay allows sellers to post

items for sale in an auction format, buy it now at a fixed price, or in a classified style posting.

Final Value Fees – fees are determined by what you are selling on eBay. In most cases the fee is

10% of the final sale price. This is only charged to you when an item sells. The only differences

are books, DVD & movies – 12%; Heavy equipment 2%; Musical Instruments 3.5%

*Note: eBay will also increase the final value fee if you have a low rating score. Feedback is

important.

Local Classified Listings – the fee is $9.95 to sell locally with a 30 day duration. There are no

final value fees with local classified listings.

Pro tip:

1. Feedback is important. As a seller, you have the opportunity to leave feedback

pertaining to buyers. Also, you have the opportunity to view feedback to see if the

buyer has caused problematic issues with other sellers.

2. Leaving feedback for buyers helps the eBay community. eBay will encourage sellers to

leave feedback. You may also message buyer to leave positive feedback about each

transaction.

3. Shipping can be a costly endeavor as prices to ship have gone up in the past few years.

However, buyers can filter their searches in eBay to sellers that offer “free shipping.”

advertisements. Be cautious about selling on Craigslist as there is no seller protection when

using this site. Thus, buyers pick up their items locally.

Fees

Craigslist only charges fees for those submitting job postings, within the dealer categories,

some services, furniture by dealer, etc. in most cases, posting and selling on Craigslist is free.

For the Craigslist fee schedule, go to:

https://www.craigslist.org/about/help/posting_fees

2. You may find that Craigslist will ask location information, such as your address or phone

number. These are typically used only by real estate agents for viewings of homes and

rental property. You do not want to share your personal information on Craigslist. You

may put in a zip code so buyers will have a general location as to where to pick up their

purchases.

3. Communication between the buyer and seller is typically done over email to complete

the sale. When accepting payment, you may use Paypal or another online transaction

site to complete the sale. Exercise caution if accepting personal checks.

Let Go & Offer Up

Fees

Posting and selling on LetGo & Offer Up is free. You can opt-in for upgraded features, such as

increasing visibility. These fees range between $0.99 to $5.00.

For more information about Let Go:

https://we.letgo.com/terms-conditions

Pro tip:

1. Don’t give away your personal or financial information.

does come with a service fee to the seller of 12.9% of the final price. More information

can be found here: https://help.offerup.com/hc/en-us/articles/360031987832

3. Check out other users’ Let Go and Offer Up profiles, ratings and reviews to see who they

are and what others have said about them. This have be really important as some

buyers consistently put in claims about sellers – usually to get items for free.

Facebook Marketplace

Facebook Marketplace can be used both in the Facebook app or over the web. However, you

will need a Facebook account to start selling on the marketplace. If you are going to allow

shipping, you need to set up your Facebook Marketplace account to make sure you get paid for

is cover the purchase protection transactions. Local pickup is not covered by purchase

protections.

https://www.facebook.com/business/help/223030991929920?id=533228987210412

Pro tip:

1. If you use the shipping option, the buyer will be charged sales taxes depending on

where they live. So, the price of the item will be higher.

2. For local pickup – you get paid when you arrange the pick up. For shipping – you get

paid five days after the item was delivered.

Selling fees are 10% of the final sale charged to the seller. If you use the Meraci payment

feature, processing fees are 2.9% +.30 per sale.

Pro tip:

1. Meraci automatically calculate shipping for items sold that is charged to the buyer.

2. There are two methods to collect your funds: direct deposit that can take up to five days

or instant pay. Instant pay releases funds to a debit card, but at an additional $2 fee.

this. All items on Etsy must be at least 20 years old or handmade.

Etsy charges a $0.20 listing fee, and will keep the posting active for four months. If an items

sells, Etsy will charge a 5% transaction fee plus a 3% + $0.25 payment processing fee.

For a list of Etsy seller fees, go to:

https://www.etsy.com/sell

Paypal

Many people choose Paypal to send payments via the Internet. Paypal is linked with eBay to

make buying and seller quicker and easier. Just remember, Paypal will place a hold on funds

For a full Paypal fees details, go to:

https://www.paypal.com/en/webapps/mpp/paypal-fees

Pro tip:

1. Paypal is a money transfer/transaction site. The fees when selling on Paypal are charged

at checkout.

2. You can use Paypal via the app. This allows for quick transactions that are “on the fly.”

This can be very useful when selling locally for local pickup.

3. Buyers and sellers can always dispute online transactions. Paypal will help mediate the

https://squareup.com/payments/merchant-services