Online auction sets new pricing regulations - 28/01/2010

Online auction site eBay is to make changes to its pricing structure that will impact upon most of its users, it has been revealed.

The website is to make a number of alterations, including an option allowing sellers to list up to 100 items for free provided bidding starts at below $1 for each piece.

Furthermore, a flat-rate fee of nine per cent is to be introduced for all successful transactions, with a ceiling of $50 placed on each item.

Joseph Cortese, founder of the Professional eBay Sellers Alliance, an industry trade group, said that the move had been widely welcomed by the public.

He said: "A lot of merchants on a lot of different levels are already calculating their savings and are liking the changes. I would say eBay struck an overall positive note."

EBay has suggested the scheme will allow its sellers to make extra money from their sales.