Ah, clarity! The “code”.
Yes they (ebay) does need competition, but in the same sense I sell stuff on eBay that I would never be able to sell locally, there just isn’t a way to reach the buyers. If I did sell it locally I would have to give it away. Plus, the shipping rate is greatly discounted so some of the fee is offset.
Same with Captains Auction Warehouse. They charge the seller a %, they also charge a listing fee, then they charge the buyer a %. But where else can I sell a Pachislo machine for $250 or $300 and just walk away, no questions, no call or text from the buyer asking a question because they can’t read.
Yes, I took a sip of the Cool Aide.
Chris