The online auction company, ebay, has just announced that they have reduced their insertion fees. An insertion fee is the price ebay charges the seller for placing an item for sale on ebay and is the minimum price that the seller will accept for the listed item. However, to compensate for that increase, ebay has raised their final value fees. A final value fee is the fee that ebay charges the seller for items sold on ebay. The final value fee is based on the closing value of the sale (the price the buyer paid the seller for the item).
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