Quote:
Originally Posted by Aquarian Sports Cards
to all of those who are saying Ebay will miss PWCC's money:
PWCC did around 200 million in sales on Ebay last year. The rumor is they pay somewhere between 1 and 3% to Ebay. That's $2 - $6 Million for the year. In 2020 Ebay did over 10 BILLION in revenue.
For those of you saying Ebay doesn't want the competition from PWCC:
Unless PWCC is opening a site where users can sell their own items, it's not competition, it's just another auction company.
Big players in the hobby are fly specks in the world of fortune 500 companies. Does that mean Ebay didn't do this out of spite? Hell no. It could be very similar to an old tenet of racketeering. You make an example of one guy so the next guy doesn't get any bright ideas.
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It's true that PWCC's money is not very much relative to eBay as a whole. But if the FBI announced that it was pressing charges or investigating eBay for colluding with PWCC on defrauding bidders, that would result in huge and very unwelcome negative publicity that would have a big effect on all of eBay. They certainly want to avoid that, so my guess is that the FBI showed eBay the evidence they have on PWCC, and eBay is scrambling to distance themselves from PWCC and show the Feds that they are not going to tolerate that behavior any more.