E-Sell-It

Changes to eBay’s Pricing Plan Could Whack Shares by 20%

reetings,
While searching through eBay's announcements I came across a
workshop they were quietly trying to sneak past sellers.

workshops.ebay.com/thr...

This new policy essentially allows buyers to purchase item and
return them for a full refund (Including shipping costs.) within 45 days
from date of purchase. This all sounds like a great step for buyer
protection. eBay controls the money, and buyers will be protected from
potential fraudulent sellers on eBay.

But what eBay does not reveal is how this new policy also opens the
door to fraud from buyers. Essentially buyers are able to open an
account with no verification other then a valid email address. Which as
I am sure you know can be easily made up on any of the major email
providers such as Yahoo, Google, Hot Mail, Etc.

So lets say you want to purchase a diamond ring. You pay $15,000.00
plus $50.00 overnight shipping for this ring on eBay. The seller ships
it to you, and you receive exactly what you purchase. Well under this
new policy. Buyers can simply return a completely different ring, maybe
something from a 25 cent machine. and simply contact eBay and say the
ring was not as advertised. eBay who's only requirement for buyers is
proof of return shipping in the form of delivery confirmation. and eBay
will immediately refund the buyer his purchase price. ($15,050.00)
The seller may complain and file a dispute with eBay. But eBay's
only recourse to this situation is to flag the buyers account and
potentially suspend the buyer if they see a pattern of this type of
activity. eBay will not recollect or re obtain the monies from the
buyer. This becomes the responsibility of the seller. When eBay was
asked how. They said you can contact the local authorities in the buyers
community and they may be able to do something.

This is only one scenario in which sellers can be defrauded from
buyers. Remodeling, buy new tools on eBay and return well used within 45
days for a full refund. Want to a new computer? Get one for the cost of
return postage! Simply buy a new one on eBay, and send back your old one!

It has become clear eBay new President and CEO John Donahoe, and his
management team has never sold an item on eBay before. Their new
policies are absurd and ridiculous and only opens the door for fraud.
Sellers are leaving eBay left and right. Just look at anyones feedback
profile on eBay. Read their feedback and the members that have sold to
them.. How many read "No Longer A Registered User" These are people that
have left eBay for good!

To sum it all up.. With so many sellers leaving eBay, eBay earnings
are certain to drop dramatically this next quarter. Sellers as you may
be aware are eBay's main source of income. Simply put, with every seller
that leaves eBay, eBay stands to loose hundreds, even thousands of
dollars from each lost seller, each month! Investors should be made
aware of these actions being implements and how these many changes is
driving away sellers.