eBay December Drops

EBay is making sneaker trading on its site much simpler by eliminating selling fees in North America on sneakers sold at $100 or more, beginning today.

In order to qualify for the waived fee, the user must list the item for sale for $100 under the ‘Athletic Shoes’ category. If an item is listed under $100 and sells for over $100 after taxes and additional charges, the 0 percent final value fee will not apply. Also, items that are listed under ‘Athletic Shoes’ that don’t fit the criteria will be changed under eBay’s discretion.

“For our community of diehard sneakerheads, eliminating selling fees allows them to turn their kicks into more cash to fund future purchases, and results in a more robust sneaker inventory for shoppers everywhere,” said Jeff Chan, head of men’s footwear and apparel at eBay.

The waived fees make eBay more competitive with marketplace sites such as StockX and Goat that have selling and transaction fees depending on how long a seller has been transacting on the platforms.

In addition, eBay is kicking off its December Drops series, in partnership with Stadium Goods. The company is selling Yeezy Boost sneakers every day this week under retail, beginning today with the Yeezy Boost 700 ‘Analog’ colorway.

Also, on Dec. 19 at 8 p.m. PT/11 p.m. ET, eBay is launching a seven-day auction event where shoppers can bid on this year’s most hyped drops. Sneakers up for auction include the Air Jordan 1 x Off-White NRG in the “Off-White UNC” colorway, or North Carolina Blue; Air Force 1 MCA; Yeezy 700 Magnet and Nike x Sacai LD Waffle collection.

According to eBay, 6 million sneakers have sold year-to-date in 2019 on the site in North America, and there are almost 1.5 million average daily live listings for sneakers.

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