eBay is an e-commerce platform. The company was founded in 1995 by Pierre Omidyar and was originally called AuctionWeb. The name was changed in 1997 to eBay. Originally, the website belonged to Omidyar’s consulting form Echo Bay Technology Group, which inspired Omidyar to shorten the name to eBay. The headquarters are located in San Jose, CA. The Chairman is Thomas J. Tierney. The Chief Executive Officer is Devin Wenig. eBay is a billion-dollar publicly-traded company. It currently has over 14,000 employees. eBay also owns PayPal, Craigslist, Skype, StubHub, and Corrigan.
eBay allows consumers and businesses to post items for sale. You can sell arts & crafts, clothing & shoes, books, electronics, toys, tickets, antiques & collections, and more. eBay has a variety of ways that they charge you to sell items. They charge an insertion fee, which is the fee for posting the item for sell on the website. The final value fee is a percentage of the sale amount, which is charged once you actually sell the item. Fees are deducted on a monthly basis. For standard categories, you will get 50 free lists per month and then be charged an insertion fee of $0.35 per listing. For select business and industrial categories, you will be charged a $20 insertion fee. Musical instruments and gear is free to insert for sale. The final value fees range from 2%-12%, with maximum fee cap-offs.
You can open an eBay store if you own a business. Stores pay monthly subscription fees. The Starter store fee is $7.95 per month. The Basic store fee is $27.95 per month. The Premium store fee is $74.95 per month. The Anchor store fee is $349.95 per month. Yearly subscriptions are available as well. Insertion fees and final value fees vary depending on the categories that you are selling in. If you would like to cancel your eBay account, you can do so by following the step-by-step instructions that are listed on this page.