Rate Hike Causes Sellers To Drop eBay

Frustrated customers often threaten that they'll never shop at a store again. Now, a number of online retailers have become angry at eBay, and many of them claim they'll never again sell on the site. This is due to a recently implemented rate hike, which resulted in a number of protests and boycotts, as well.

MarketWatch, the impact is already being felt. "A number of former eBay merchandisers say they're shifting their listings to Amazon.com Inc., Google Inc. and its Google Base free classifieds listings, plus a host of other eBay competitors," writer Ben Charny stated. At least one notable outsider thought the rate hike was a bad idea. The same article included a "notably dour prediction about the effort" from Piper Jaffray & Co analyst Safa Rashtchy: "eBay is plagued by other problems that a fee increase won't cure." The fee increase is arguably creating (or at least exacerbating) some problems. One group has grown so frustrated with eBay that it named itself " Del.icio.us | Digg | Yahoo! My Web | Furl Bookmark Murdok: Doug is a staff writer for Murdok for the latest eBusiness news.