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eBay, in a bid to attract more users, cut the fees on Tuesday it charges for listing on the online auction site and did away with upfront payments for occasional sellers.
The San Jose, California-based eBay said that beginning on March 30, items with a starting price of 99 cents or less will be listed for free with eBay taking nine percent of the final sale price but never more than $50.
Sellers will be allowed 100 free listings per month, eBay said.
eBay said that for sellers who list often, it was now offering fees of as low as three cents per listing for 30 days. It said that was a 90 percent reduction from its current rates.
eBay said this could save high-volume sellers -- those with 250 listings per month -- up to nearly $1,000 a year in fees.
eBay said the new "success-based pricing" had already been put in place in Europe and had driven strong growth in Britain and Germany.
eBay shares were trading 1.98 percent higher on Wall Street at 1830 GMT at $24.16
