eBay launches Pay As You Grow scheme
eBay is to launch a new Pay As You Grow scheme, promising no fees for any first-time seller registering on eBay UK.
Starting Friday 9 October 2020, running until the end of the year, no listing fees will be applied to new sellers, as well as eBay wavering its sale percentage cut.
Pay As You Grow has been designed to support those who want to build an online enterprise by lowering the barrier to entry, enabling growth before costs are incurred.
It builds on the company's continued efforts to create new economic opportunities across the UK, following a wide range of seller support policies brought in since the start of the pandemic.
Once a seller reaches 100 sales, the fees will gradually increase. A seller will pay a 50% charge for the second 100 sales, and 75% fees for the third 100 sales.
Murray Lambell, UK General Manager, eBay, said: "Britain is teeming with would-be entrepreneurs and businesspeople. We just need to give them a helping hand and the encouragement they need to get their business up and running.
"With all the economic challenges we’re seeing across the country, getting rid of the barriers to trading online will really help. We’ve specifically designed this offer for first-time sellers and start-ups – partly to help the growing numbers of unemployed to set up their own businesses and start making money."
Andrew Goodacre, CEO, British Independent Retailers Association, added: "We welcome eBay’s efforts to help small businesses and high street retailers to expand their business online at little cost, and we hope this will go some way in sustaining independent retailers and keeping people employed as the end of furlough approaches."
