What's the deal with all the $0.01 listings on ebay?

United States
March 28, 2008 5:56pm CST
What's the deal with all the $0.01 listings on ebay? I've been seeing a lot of $0.01 listings for some decent stuff and i'm just curious if anyone knows what's going on, or if it's just a coincidence?
4 people like this
12 responses
@lilaclady (28226)
• Australia
28 Mar 08
isn't that something to do with the fees, they practuically pay nothing for listings like that, I know someone over here in Australia sells good new furniture and always starts the bidding off at .99, a friend of mine bought something from her and she told my friend she has never had a not sold and gets great prices, I think she must have people on the ready or some system to bid her up, I think there must be some very clever people out there that can work their way round the bidding system myself...
• United States
28 Mar 08
That might be it. I know some pretty active Ebay users from almost the start of Ebay & they've been telling me how much the prices went up to list stuff, among other fees are starting to come into play :o
• United States
28 Mar 08
because they know they price will get higher and higher. if it starts low it will rise very quickly.
1 person likes this
• United States
28 Mar 08
I getcha' but i've been seeing a lot more then usual lately. I don't know, maybe it's just me being weird like I usually am, =p
• United States
19 Aug 08
Its a lower starting fee, but also because it seems most buyers sort listings by lowest price first, therefore you tend to get more exposure to your items, because at least in my case, after about the 3rd or 4th page of results, i stop looking. The only prob i see with doing this is, what if you only get one bidder...you have just lost money because the fee is surely more than a penny.
1 person likes this
@Shaun72 (15965)
• Palatka, Florida
31 Mar 08
I bet the shipping and handling is high on these listings though. I have put listings myself on ebay a few times for one cent. They sell a lot faster with one cent listings. I usally sell alot of my books after I have read them. Like dean koontz and Stephen king books. They usally sell really fast.
1 person likes this
@coffeebreak (17811)
• United States
31 Mar 08
It is so the seller doesn't have a large final value fee to pay Ebay. But then check postage. postage is $19.95 and the item is a baseball card of something small and light weight. I won't buy from someone like that.
1 person likes this
• United States
29 Mar 08
ebay is doing an offer anything under 0.99 is only 1 cent to list
1 person likes this
@venshida (4837)
• United States
28 Mar 08
I have seen this several times. Sometimes the shipping is really high on the item, I could not sell that low. If the price does not increase, you end up losing money.
28 Mar 08
Iv been a seller on ebay now for the past four years, I sell picture postcards to collectors, there was a time when you could make some quite good money from this, but due to ebay's hyke in there listing fees and those of Paypal, plus the new policy's that ebay are bringing into force shortly, selling low priced items as become almost impossible to show any profit, so Im now moving al my listings, (there was over 500) to another auction site called Delcampe, which specialises in collectables, You will find lots of these £0.01 or $0.01 items are from china or are from people in other counties selling for china as agents, the postage charged on these items are very high and the sellers profit from the excess postage charged
1 person likes this
28 Mar 08
Sometimes eBay offer deals to sellers if they list their auctions at very low start prices. Here in the UK we often have 10p listing days when it will only cost a seller 10p in fees to list an auction.
• United States
28 Mar 08
Wow I never heard of that. What can you buy with 1 cent. That is pretty crazy, I do not actually shop on ebay though. So it really does not matter what the people are doing. But I wonder who started something like that. I know one thing people are some greediest people on there.
@pyewacket (44032)
• United States
28 Mar 08
A lot has to do with plain common sense...ebay charges a lot of fees for posting items for auction or sale...the lower a person opens up a bid at say $0.01 the cheaper the fee it is to post it, which is why most will post at such a low end from $0.01 to $0.99-- then of course, one has to keep one's fingers crossed that there will be a lot of bids that will raise the final bidded price--if not, wow, that person is out a lot of potential money as one also has to account for any shipping fees and the percentage that ebay grabs at the winning bid price
@lishiwei (1551)
• China
28 Mar 08
Oh,really?I also don't know it.But I think it's important and it can be true.We should believe it.