joined:May 19, 2014
Hello, I'm looking to sell on Amazon or Ebay, but I'm completely new to ecommerce. I'm not a business and I have no previous experience of selling. I'm only looking to sell my own personal things.
From what I've read on Amazon help pages, I have to pay VAT at 20% (in UK) on the price I'm selling it at. Also, they take, for example, 11.50% (for consumer electronics) from the same price and a small fee for listing the item.
So if I'm selling an item at £340.00, I'm left with 68.5%, which is £232.90? Is this right?
On Ebay, they charge 10% from the listing price, including postage, and 15% VAT for EU residents as well as a PayPal fee that varies? Which would leave me at £255.00 without the PayPall fee?
Can anyone please clarify this as the fees are incredibly high and I think I made a mistake somewhere.