eBay UK to launch “Pay As You Grow” scheme
eBay UK is launching a new scheme aimed at UK start-ups which removes all fees for first time sellers for their first 100 sales each month.
Called “Pay As You Grow”, the scheme will start on 9 October and run until the end of the year.
In a statement, eBay said the inspiration behind the offer was the new UK Government policy of “Pay As You Grow” loan repayments for small businesses.
Under the eBay scheme, no listing fees or final value fees will be charged for any first-time seller on the site for their first 100 sales each month. Fees will then be reduced by 50% for the next 100 sales and by 25% for subsequent 100 each month.
Murray Lambell, UK general manager of eBay said: “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, chief executive of the British Independent Retailers Association, said: “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.”
