eBay announces major change that will affect every seller

eBay has announced a major change after with fees for private sellers across almost all of its categories to be scrapped.

It comes after the online store introduced free fashion selling earlier in the year and amid increasing competition from rival sites such as Depop and Vinted. It means seller will no longer have to pay final value or regulatory operating fees on items except for cars, motorcycles and other vehicles.

After waiving seller fees for fashion goods in April, eBay saw a significant increase in listings, particularly for sought-after items like jeans, shirts, and dresses.

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A survey for the site suggested an estimated 294 million unused items across the UK could generate £9 billion in resale income, with half of households (50%) valuing their unused items at between £50 and £300.

Nearly a quarter of UK households (24%) are sitting on items worth over £500, with the most commonly unused items including adult clothing (44%), DVDs and CDs (33%) and technology items (27%), the poll found.

The majority of people (56%) sell items they no longer use to make money, with almost half (47%) finding it more sustainable than throwing them away, 55% wanting to clear space in their home and 23% selling items to fund new items.

The site said the further dropping of fees was an effort to provide users with a "more streamlined and safe" platform.

eBay UK general manager Kirsty Keoghan said: "eBay is constantly improving the marketplace experience in order to deliver on what our customers want."

"Removing selling fees across categories is designed to give buyers access to greater breadth and depth of inventory, while creating a simplified and streamlined experience for sellers."