CNN reports that thousands of sellers are closing their eBay stores:
Sellers, on the other hand, are expressing more than dislike for the new policies. Thousands have decided to close their virtual doors and take their wares to other sites like Amazon.com, shopping.com and Yahoo!
"This has been a devastating blow as far as the stores go," said Janet Hills, who has been selling formal wear, dress shoes and pageant clothes on eBay since 2000.
Almost all of Hills' 1,500 listings sell for over $25, which means that under the new structure, her listing fees will increase by 500 percent.
"To backhand the sellers this way just boggles my mind," Hills said. "We're not trying to get rich, we're just trying to survive."
The problem, according to Skip McGrath, author of "Titanium eBay: A Tactical Guide to Becoming a Millionaire PowerSeller," is that a lot of large sellers were using eBay's online stores as a dumping ground for non-performing merchandise, cluttering up the space and diluting the platform's effectiveness.
"There were just so many items that users couldn't search stores effectively," McGrath said.
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