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Post Info TOPIC: "This company is now doomed."

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"This company is now doomed."

From Motley Fool:

(talking about ebaY)

"This company is now doomed. The success has gone to their head. I have been buyer and seller at ebay. I just cannot see where they will make money from.

Here are some of the softcomings I see:
1. For items costing less than $50, the total fees eat up 10% of sale. That is high, unless margins are quite high in the first place. I do not agree that margins are high when selling on ebay. For higher priced items still the total cost may still run upto 7-8%. Thats not easy on sellers, they are going to balk.

2. With the high fees one expects Ebay to assume some risk of sale (like guarantee the payment etc). They do not. All transaction risk is transfered to sellers.

3. New feedback/shipping charges/payment method policies make it even less desirable for sellers.

Now ebay can say they have buyers, sellers will come there. But they need both sellers and buyers to be successful. No company can be successful when it squeezes its vendors out of any profit.

I think this company is going down to zero."



BTW, ebaY shares closed at a dismal $13.71 today. Down from around the $40.00 range last year at this time.

lmao! laughing.gif



Exposing the sleazery of ebaY and PayPal



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Posts: 1

Yes, Ebay does need the buyers and sellers.  They are inclusive to each other.  I purchased just as much on Sleezebay as I sold.  But never again.  They are totally unsafe and dangerous.

The only way they can bring themselves out of this hole is to scam from the users account illegally.  I had hundreds pilfered through my Paypal account before I had to close it down to stop them from taking any more.

People need to close not only their eBay and Paypal accounts but any financial accounts that were connected.  

Thanks for the update.

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