How eBay Did What Amazon Couldn't - Nearly Bankrupt To $40B

[@facetiouslyinsolent8313]

I was an eBay power seller in the early 2,000s. After being screwed over by Paypal 8 times in six months I left. As soon as I found out Paypal was gone I came back. it's a completely different experience for me now.

[@therealjaystone2344]

And they accept gift card as payments now without PayPal. A huge difference.

[@SenorSiesta]

Short answer: they raised sellers fees unreasonably high.

[@pauls5745]

Yeah, when shipping and fees went up, there was no money to be made; China took over so many categories because they can ship so cheaply and are protected from bad product reviews.

[@Toby1952]

I've been on Ebay since 1999. I buy mostly computer parts and stuff, mostly used parts. However, in the last 5 years my use of Ebay has really tapered off due to a lot of their policy changes. I also used to occasionally sell used items on Ebay, but not anymore. The costs charged to the sellers have really gone up in the last few years, so much so that it just isn't worth the effort anymore. In addition, as a seller you are wide open to the scammers who buy something from you and then claim it wasn't as described or some other issue and Ebay always sides with the buyer and gives them a refund no matter if the reason is true or not. I really feel for the sellers who are trying to make a go of it on the platform, especially those that have been around a while. I know a lot of them have left the platform, although it doesn't seem to have hurt Ebay's bottom line.

[@doujinflip]

eBay was my ecommerce lifeline (along with Walmart, Newegg, etc) after Amazon blocked me for reverse charging on a scam purchase that Amazon wouldn't investigate. They lost all the revenues from my purchases with eBay as I boycotted Amazon over the next two years, which they seemed to get the point because Amazon promptly reenabled my account when I finally came back and asked.

[@zacharyhenderson2902]

eBay doesn't always "Side with the buyer"

[@bodyarmour7820]

Unfortunately, this video is wrong on so many levels. The fees on ebay have gone off the chats, and now they force feed 75% of sales through advertising collecting more fees from sellers. Wenig destroyed eBay's identity and all the c-suite moved since him have been to extract as much money from sellers as possible, which ofcourse increases sale price Revenue and GMV for eBay. The devil is in the details, eBay has been losing active users at a high rate and sales volume is also down substantially. EBay is rotten to the core, and it's going to be along time before it's restored to even half of its former glory.

[@jrstf]

Whatever Ebay does, Amazon does worse. However, I do feel bad for scamming an Ebay seller. After my product sat in NYC for a few weeks, I reported it undelivered and got a refund. A while latter, it continued on and I received it. Unfortunately, once the issue is resolved, Ebay allows no further communication between buyer and seller so there was no way I could pay. I felt pressured to report it because the "last day to return" date was approaching. Now I know better, USPS can hold packages up a very long time.

[@IanHobday]

@@zacharyhenderson2902 For "item not received" they'll usually side with the seller if delivery can be proven. For "item not as described" they'll side with the buyer 99% of the time. If the buyer returns a box of rocks instead of the item, it's almost impossible to get eBay to listen and cover the loss. They care about buyers a LOT more than sellers because it's much easier to find people who want to make money (new sellers) than it is to find people with money to spend (new buyers). eBay has also learned that sellers will take more abuse than buyers, as long as the abuse isn't too severe.

[@andrewweltlich9065]

Why did ebay ever think it was a good idea to compete with Amazon? That's just a terrible idea. Finding their own niche makes so much more sense.

[@calculuscondensed812]

The Amazon of 20 years ago was not the giant it is today.

[@codures]

Mate, if I want to buy something for my soul, I buy it on eBay, Amazon is for chinesium...

[@therealjaystone2344]

Amazon is full of cheap goods and less confident on reviews

[@skelious]

As always well done ty for the great content.

[@LilW1nky]

The increasing eBay seller fees are infuriating. If you don’t pay to promote your listings, you get buried. It was so easy for me sell for good prices in 2018-2021, now my similarly attractive listings take months to sell.

[@therealjaystone2344]

Mercari is now worse

[@AndrewNi-c4c]

the whole "structure data" is a nightmare for sellers. I've sold a few yrs on eBay on their old interface many yrs ago....while it takes time, I find it nowhere near as obnoxious as the new interface. Lots of ppl are there to sell a simple item or two, they're not there to be a power seller. Yet, for the new interface you need to fill out like a million things before you can create a listing!

[@DemePoole]

Hyperbole 🤦

[@davidorsini]

Amazon definitely contributed to their success by treating their sellers like less than dirt

[@laughingman7882]

When eBay got started you had to pay with physical checks and cross your fingers your stuff would show up. My parents tried eBay when it was brand new and got ripped off on their very first purchase. They bought a couple North Face jackets but when they arrived it was pretty obvious someone had just sewn North Face patches on a couple super cheep puff coat jackets. They tried filling a claim but couldn't get their money back because they had received the item. Nobody in my family has used eBay since

[@therealjaystone2344]

I mean who buys clothes online?

[@balpreetsingh6834]

Great video as always

[@LogicallyAnswered]

Thank you as always Balpreet!

[@wolowayn]

The best of eBay are the secret text filters you can use within the search input. I hate it when markets show a lot of stuff I am not searching for

[@wawaldekidsfun4850]

In eBay's near-downfall and remarkable revival lies a universal truth: success comes not from imitating others, but from embracing what makes you unique. Their transformation from a struggling Amazon copycat to a thriving marketplace shows that our perceived weaknesses often hide our greatest strengths - we just need the courage to be authentically ourselves.

[@whoamitotheworld4567]

Lol founders made alot.

[@user-372-n5w]

Ebay was an Ecommerce middle man before Amazon.

[@mrazcr000]

Success comes on the backs of labor/ eBay sellers. This video is just a cuckold’s greed worship and proclamation of their inhumanity

[@Piaseczno1]

Would you mind if I copy your entry over to LinkedIn for the other chest beaters over there to admire?

[@zokislav89]

A really nice and informative video. Keep up the good work :-)

[@ronny332]

Yes, indeed, I'm seemingly one of this small group. eBay is my place to go when searching for rare products from the past, in my case often technical devices. There's nothing that can beat eBay in this area for me. And the customer support is brilliant, when I ever have an issue. Without eBay I would safe a lot of money, but this is not what I want 🙂.

[@TD0547]

There is still an issue with product search. Hard to find items most of the time. Lack of inventory/product or a lingering issue with search results? Or could it be the implementation of promoted listing at the tail end keeping eyes away from relevant product?

[@studio421]

Sadly I rarely use EBay since they started to collect taxes from the seller AND the buyer. My items are used and are marked below retail value. I already paid taxes on it when I bought it the first time. Do we collect taxes at garage sales, swap meets, facebook market place, or any other type of place like that? No we do not. We are not making a profit off the stuff, so why charge us again?

[@Justaprouddadut]

You can't thank the govt for that, not eBay. This was legislation that was passed

[@cobylax33]

FB marketplace DOES charge tax if you go through them for payment.

[@facetiouslyinsolent8313]

Facebook market place, garage sales and swap meets are not businesses. They make it convenient for you to buy and sell for little to nothing. You are comparing apples to oranges.

[@doujinflip]

You're supposed to pay sales taxes regardless of the marketplace it was transacted in. For small one-offs it's not worth finding the violators, but as you get more established and efficient at pushing products you also have less of an excuse to "forget" about filing properly.

[@Blue-Tiger-u7s]

I haven't like it either, but it was the government doing that, seeing more money they could make. Legally we are supposed to collect taxes on regular sales, I think only occasional ones like an annual garage sale being excused. A big and very public company like Ebay was a target for the -money grabbers- legislators.

[@AndrewNi-c4c]

companies like eBay who screw over buyer/sellers by making customer service impossible to reach, are always terrible. They are multi-billion company, yet they refuse to provide email support and a customer service number (even the chat service stopped). They create a maze of menus and FAQs for you to jump thru before they'd let you attempt contact with a customer service. Being a buyer, eBay tries to improve the experience and its relatively pain free if nothing goes wrong with your order. But for sellers? nope.... Yet in the end, eBay can get away with it, b/c there's more customers buying and new sellers replacing the old ones who had left.

[@Metsfan1986]

They lost 40 million users since 2018. But got their profits up with all their add on fees and features. If active users continue to go down, they would have to monetize things even more to make up for that.

[@Blue-Tiger-u7s]

All companies are like that now, wanting to automate the service.

[@JeffsWig]

You just request a call back and a customer service rep will call you within a few minutes usually 🤦‍♂️

[@therealjaystone2344]

I find out, though hard to find, I can contact the agent via phone call.

[@zacharywissinger3996]

eBay was great for unique one off items. They tried becoming more like Amazon by ranking listings based on the number of sales generated and demanding more item specifics making listing single items insufferable and giving preferences to bulk new Chinese products. The new promoted listing features sells the top spots to sellers willing to give them a bigger cut than sellers most likely to deliver a good product/experience. Now the customer service is automated and you can only speak to a person for select reasons they permit. Thankfully some of their new changes are going in the right direction, we’ll see.

[@ousous2273]

Great video 🔥

[@ioanliviu22]

eBay ruined the auctions, this was a fun way get cheap shit that someone simply didn’t want or need anymore. But fees were higher than the earnings one could make. Therefore the “used” offer plummeted. I rarely find myself using eBay anymore… only if it’s a better priced item than anywhere else.

[@Papasot]

Ebay isnt bad, i use it to mainly buy computer parts

[@LogicallyAnswered]

Makes sense. eBay is great for used parts!

[@drjekelmrhyde]

Car parts also.

[@benjamin4321]

Car parts and hobby electronics

[@IanHobday]

eBay is okay as a buyer but is absolute misery as a seller. I left in 2019 and will never go back.

[@KnightBr33d]

Its great for used computers, computer parts, car parts and comics.

[@sentienthamster]

Started with ebay in 98 and rarely use it now. Used to be when an item was listed you knew the seller had it and you would get it in a reasonable amount of time usually. Over the recent years, I can't count how many times I get "sorry the item is out of stock" after paying or I'm just unable to find anything because of the massive amount of chinese sellers and their junk. That used to be limited to Amazon, but now they are really equal to me.

[@dh510]

I think I tried to privately sell some used items on eBay back then when they were trying to build their "catalogue". It was a horrible experience, absolutely doomed to fail. Why tf would they expect me to fill out a form demanding information in like 50 categories when I try to sell a pair of jeans someone in my family bought but never wore? I'm much rather using my country's version of Craigslist to sell random stuff now, which was actually founded and for the longest time owned by eBay, funnily enough.

[@LogicallyAnswered]

I think they’ve changed a lot of that :)

[@brianmurithindiritu2608]

bring the transition of fujifilm to personal care products. Nice video.

[@ianhartley6253]

Fees for business sellers are too high. I sold a £1500 item and the free is £162 where it used to be £80. Also I now sell more on Amazon than eBay

[@neanda]

now that was a great story :))

[@miguelarkano5320]

Great video, and great inspiration for those who think that the market is already saturated, its not

[@dronestrikejr]

This is the first time i heard of SEO saving a company lol

[@rj7855]

I used to buy and sell a lot on ebay.... But i can't remember the last time i did

[@pieinsky3142]

They took away the ability to filter by location and it made it so difficult to find things within the EU. I used to use ebay all the time and it was usually the first place I would search, now it's only a last resort if I can't find something.

[@chebrubin]

Yahoo era web 1.0 tech. Halt and Catch Fire. The most critical change was getting rid of the Craigslist horder sellers from the 90s.

[@00mpa1oomp4]

your quality is getting better with every video!

[@mp1p]

In the end it was good for both of them, PayPal can now serve the open market, and eBay was forced to change, retract, expand and face reality, they were using PayPal to prop their bottom-line.

[@MarkSlaterMusic]

Phew - for a minute I thought eBay was getting a recommendation.

[@BayuAH]

About Facebook Marketplace using eBay, I am not sure if this information is related, In my country, Indonesia, social media platforms are not permitted to have in-app e-commerce. You are allowed to advertise on social media, but purchases cannot be made in-app.

[@xaxb4178]

But sellers make extra money through their shipping fees, which is not fixed for same item.

[@MaxWolf-s9y]

No

[@Fanaro]

8:55 The thing is: that's all software, why can't you have both ways and let the user choose through the settings?

[@drkmccy]

2:05 “a small amount”…. Haha you think 10-15% is a small amount? 😂 eBay is a rip off

[@TheBiochemistryTeacher]

Good video man, ive been growing my math channel slowly, but soon i'll reach the 1k mark hahahaha have a great year

[@theiofthebeholder9553]

Ebay sucks for sellers. I switched to Etsy and never looked back

[@inciMerve-s4w]

Wexxo stands out with its innovative AI integration.

[@Smartiezs]

sellers fees are so high i will never sell there ever again, most listings are now chinese

[@MegasXLR]

Just on time, uploaded 27 seconds ago XD

[@LogicallyAnswered]

Thanks for being early man!

[@mCblue79]

Ebays revenue increases are due to the exorbitant constantly rising seller fees. Take these out of the equation and how well ia ebay really doing? 🤔

[@Mrremusakajack]

Faster then the bots 🤖

[@LogicallyAnswered]

Thanks for being early man!

[@AykutVeysel]

Investing in Wexxo feels like being ahead of the curve.

[@Mr.SharkTooth-zc8rm]

Nice! 👌

[@sugarpuddin]

Ebay was originally supposed to be a place for the sale of used stuff Ebay got greedy. They wanted to become Amazon. No longer can people successfully sell used stuff. This, end of it's value. It dies

[@LogicallyAnswered]

I believe they’re actually returning to their roots!

[@kibble-net]

@sugarpuddin Here is a counterpoint: I've been selling used stuff on Ebay since '99 and still doing it today. The market is still there. Especially with incoming tariffs, people are more apt to save money buying used instead of new these days. With rising inflation and corporate greed pushing the cost of living upwards, people are doing whatever they can to cut spending and buying used instead of new is a big part of that. Amazon is full of cheap imported junk and not everyone is looking for that.

[@daniserotonin]

I worked for eBay from 2020-2023, and I can kinda see how it looks like that. BUT I do think the seller programs they have still encourage and help individual sellers/small businesses to succeed (authenticity guarantee, ebay intl shipping, trading cards, etc. Like I used to tell sellers to use them as much as possible). Outside of those programs though, they tend to get fcked over cuz of buyers finding loopholes in eBay's return policies. This may be why it looks like eBay values bigger companies selling in their platform.

[@paulc6766]

Recently got rid of Amazon and Paypal but still use eBay.

[@My_Old_YT_Account]

​@@daniserotoninebay's international shipping is ass and expensive

[@hartmannsson]

Amazon's amazing search experience??😂

[@MaxWolf-s9y]

Amazon surch is the worst surch engine in the world. They made it that way to make more money . I don't buy from Amazon

[@velociraptor5962]

People are using Facebook market place now for second hand stuff rather than eBay. EBay needs to start doing some marketing.

[@MaxWolf-s9y]

It is not secure to sell on Facebook

[@williamjacobs]

Ebay is often a superior choice to Amazon. It's just nobody checks because of "convenience." The Amazon Prime fees demolishes any price advantage it has, when there even is one. Grossly underused shopping resource. Name brand tech for the same price as Amazon's ALL CAPS, nonsense brands.

[@KadirMehmet-y9i]

AI gaming is trending, and Wexxo is leading the charge.

[@Joherandez-jz4jn]

PayPal bought the browser extension "honey" that is all I need to know.

[@byazrov]

Everything I ever bought on Ebay was 100% low quality fake. So I stopped shopping there.

[@KARLMata-y4d]

Wexxo combines AI and blockchain seamlessly. A true game-changer.

[@connerwilliams668]

I never heard of eBay

[@MichaelPicard-c2o]

Don’t miss your chance to be part of Wexxo’s gaming revolution.

[@Thumper68]

eBay doing everything I was saying they should for 20 years it was pretty obvious

[@y_x2]

Exorbiting charge on every item sold!

[@yourwifewasinmedms5137]

Facebook better locally but I have never and would never buy ship-to via Facebook.

[@lubie47]

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation

[@avilatran7229]

As a beginner what do I need to do? How can I invest,on which platform? If you know any please share.

[@KriskyxBizcuit]

There might be many investments out there but if profit must be considered,which is the actual sole of investment, I will advice you to go into bitcoin trading because it has higher profit than most investment.

[@sebasaybar]

Of course it is profitable,I made good profit of $20k with the capital of $4k in my last trading I have made over $200k

[@ibraheemmunno8386]

Wow that is an awesome return on your investment, please what strategy did use And how can I start up such investment.

[@My_Old_YT_Account]

⚠️THESE ARE ALL BOTS, DO NOT CONTACT THEM⚠️

[@webmuha1]

It’s not couldn’t more wouldn’t do!

[@CemileZekeriya]

The Wexxo presale is a no-brainer.

[@jary2988]

Gang stalk?

[@petergplus6667]

Authenticate? I believe it's just an insurance and you still have to verify yourself that the object is genuine. It's like you'd believe that "refurbished" actually meant anything but a quick wipe with a damp cloth. Sometimes not even that.

[@Justaprouddadut]

Incorrect, the authentication process goes to a 3 party to be verified before shipping out to the end buyer

[@petergplus6667]

@Justaprouddadut i have seen terror watches make it through that process.

[@ArifGhostwriter]

🇬🇧 👍🏽 February 2025 Awesome essay!

[@accountingforlife2946]

i was a an seller in ebay.i had to face lot of scammer and ebay works only for buyer's side in resolution. lost my money as an seller.

[@BERNARDMartins-s8o]

The intersection of AI and gaming is unstoppable, and Wexxo is at the center of it.

[@MS-ql8ek]

Still lots of fakes

[@choqao]

hey

[@LogicallyAnswered]

Hey Choqao!

[@Strykenine]

Ditching paypal was the best choice ebay could have made. I still shop on ebay, but I stay away from paypal as much as possible. It's still a great site.

[@PhilomenaDuffy-z4v]

The Wexxo presale has been flying under the radar. Not for long!

[@brandongovreau9218]

eBay is the Dollar general to Amazon's Walmart

[@ElviraPoindexter-y1o]

Wexxo’s presale is the perfect opportunity.

[@ps3301]

No one cares about ebay

[@Fedor12118]

sorry have to unsub billionaires and evil corporations aren't cool

[@LogicallyAnswered]

Hmm, I’d see it as eBay actually winning against the big tech company: Amazon

[@kibble-net]

@Fedor12118 This was the video that was the final straw for you? lol

[@aleksandargapkovski8055]

Bruh what are you on about 😂

[@aleksandargapkovski8055]

@@LogicallyAnsweredYes 👏

[@arizonajoe6813]

Delicious broke tears.

[@OSVALDOCamarillo-c1d]

I’ve been searching for the next big thing, and Wexxo’s AI gaming ecosystem checks every box.

[@joerieke300]

I am strictly a 10-minute or less viewer. If you can't get it in that amount of time, you're starting to waste mine. However, exceptions can be made. Good job, young brother 👏

[@LogicallyAnswered]

Thank you Joe! Typically, we do try to keep the stories shorter, but with this one, we had a lot to say!

[@nasaman23]

It's not our fault you have the attention span of a goldfish

[@joerieke300]

@@LogicallyAnswered I guess not everyone is as appreciative as you ⬆️🤣 Yet another solid vid bro 👍

[@joerieke300]

@nasaman23 Or maybe I need to digest large amounts data quickly, but whatever 🤔

[@hewhohasnoidentity4377]

I very rarely watch anything under 10 minutes. Most videos have a minimum of an intro, outro,, sponsor, topic intro, topic summary refer to other content and request for donations. A 10 minute video rarely contains even 2 sentences of information that isn't just the title being rephrased.

[@erbol0011]

Stupidity of ebay. They should have invested in normal companies not lose money on idiotic ventures. Just look what former PayPal founders got if they cooperated with some of this founders they would be giants same as Amazon or Google 😂😂😂But because ebay had bad relationship with them they lost a lot of opportunities

[@Dork-q4x]

AI voice you can tell it can't pronounce words like a human

[@dh510]

I think the guy running this channel is from India or somewhere similar exotic😂 So it might just be an accent. I could swear I've seen videos on here with him talking to the camera if Im not getting it mixed up right now. This channel also has a German offshoot with a guy on camera all the time.

[@Mr.SharkTooth-zc8rm]

Buy some Q-Tips...

[@mr.y.mysterious.video1]

It's his real voice, he used to appear onscreen but doesn't seem to do that anymore

[@Ray_of_Light62]

I follow this channel since he started, and he was very young. He isn't an AI for sure, even if he may use some new video AI tools. His name is Harry, I believe he is Indian an he is based in the US. The channel covers a wide variety of arguments, from politics, to economy and finance, while providing explanations about corporate operations. I do generally recommend this channel, even if I don't agree 100% on some explanations. Greetings, Anthony

[@ArielleSheehan-h7n]

Early entry into Wexxo feels like the perfect move for 2025.

[@ChrisParedes-f2p]

Wexxo’s use of blockchain and AI is impressive-this project has legs.

[@ROSENDOChamberlin]

Wexxo tokens could skyrocket once the project launches.

[@ChrisParedes-f2p]

Wexxo presale is almost over!

[@TommyCoates-y5m]

AI gaming by Wexxo is a next-level concept.

[@MahmutNihal]

Wexxo has the perfect mix of AI innovation and gaming potential.

[@RubyCoble]

Wexxo is the future of gaming.

[@JERMAINESousa]

Wexxo: Don’t miss the presale!

[@CavlanMurat]

Gaming + AI = Wexxo. A project to watch closely!

[@ilkerEvrim-x4y]

Investing in Wexxo is like betting on the future of gaming. Exciting times ahead!

[@HanPomeroy]

AI gaming is the next frontier, and Wexxo is leading the charge.

[@DierdreNettles]

I’m excited to see how Wexxo’s AI gaming platform evolves.

[@AykanEmine]

Wexxo could dominate the AI gaming market in 2025 and beyond.

[@MucellaSelim]

Wexxo: AI-powered gaming revolution.

[@ElifHaluk]

Wexxo tokens have serious long-term potential.

[@JoeyMuhammad-m2i]

Gaming tokens like Wexxo will dominate in the future.

[@SANDYFain]

AI gaming projects like Wexxo are the future.

[@LeciaRitter]

The AI gaming revolution starts with Wexxo!

[@HaticeCaglar-f4y]

Wexxo will change gaming forever.

[@OzlemBerfin]

Gaming innovation starts with Wexxo.