Rob: What's up, guys? Today, we are talking about eBay fees. Melissa: It's not super exciting to talk about fees, but we are going to dive into is it worth it to sell on eBay with the fees that they have? Rob: That's right, nobody likes fees. Nobody likes to have to pay extra on top of a sale when you're reselling stuff, but we're going to give you three reasons why these, eBay fees actually, work in our business and why we choose to [00:01:00] pay eBay fees. Melissa: And if they would work in your business as well.So before we dive into those reasons, let's dive into what the fees actually are and how to compare them to other platforms too. So there are several other reselling platforms. We don't sell on them all at all, but we do cross posts on a couple. But the biggest ones, so, OfferUp fees are 12.9%, so a flat rate of 12.9%. Mercari fees are 10% flat and then 2.9% processing fee, which is 12.9%. So they try to tell you that it's 10%. Rob: And we'll even set back these fees for OfferUp you only have to pay fees for shipping items. So if you sell an item locally on OfferUp, you do not have to pay fees.I mean you are listing an item, somebody is coming in and paying you cash for it. But where there is a transaction that goes through online, whether it's a processing fee through OfferUp, that's where they will charge you the fees on top of it, Poshmark is more of an online platform. So I think everything that you sell in Poshmark will get fees, or sorry, Mercari will, will be fees that you will have to pay.Melissa: [00:02:00] Yeah, and then OfferUp and Facebook you can have a local option. So the Poshmark fees are $2.95 for, for anything under $15 and then a flat 20% anything over $15. And then Facebook fees are, this is again, not local, this is shipping is 5%. So they are actually the lowest of all of them. Rob: They're trying to suck us in and get us to sell on their platform.Melissa: Yeah. And we'll talk about that in just a minute, but why we don't ship through them right now? Rob: Yeah, so one of the biggest things is traffic. Now, when I was younger... Melissa: I didn't talk about eBay fees yet. Rob: Oh, jump in. Let's hear it. Melissa: eBay fees vary depending on the category that you're in. So there's going to be many different categories, and if you have a store, but we haven't paid more than 11.7% since managed payments took over. So it used to be eBay plus PayPal was around 12% to 13%, depending on if you had a store. So now 11.7% is the highest we've paid. We have paid as low as 8%, on some categories. Rob: Industrial stuff, larger items. Yes. Melissa: Yeah, because they have a different category, so a [00:03:00] different percentage. So right now, 11.7% is lower than 12.9% and 20%, so it's lower than all of them except for Facebook right now. So it does make sense for us in that respect. And then we'll get into the first reason. Rob: And it is traffic. When I was younger, my parents would go to yard sales. They would buy stuff. I love yard sales. At 11 you're going to garage sales, flea markets, thrift store, stuff like that. But when I was younger, I specifically remember this and this is before eBay, my parents would go to yard sales, they would buy cool stuff, usually commercial items. I, I specifically remember an orange juicer, a commercial orange juicer.This sucker was big. It was like six foot tall, three or four foot wide. It was a big stainless steel juicer. I still remember them buying that at a yard sale, bringing it home, cleaning it up. We had an orange tree in the front yard, so my parents threw oranges in and we got to use it, make sure it was working right.And then they sold it in the classified section. Now the whole thing with traffic is at a yard sale. You're only going to be able to see, probably depends on your area, but on average, maybe 100, 200, 300 people come to a yard [00:04:00] sale on a given Saturday or Sunday. And my parents there, what they did was buy stuff from the yard sales, a