Today eBay's new feedback policy went into place (neutrals now count as negatives, sellers can only leave buyers positive feedbacks). 3,500 sellers and counting left for ecrater, 1,500 and counting left for onlineauction. One of the Top 5 All-Time eBay sellers completely closed down shop. The CEO that came up with the "brilliant" plan announced he's stepping down as well. This is going to be ugly...
OK, more explaining is needed...
In the "old" system, buyers and sellers could leave each other any feedback (Positive/Neutral/Negative). There was also a limp-wristed "Non-paying Bidder strike" (NPB) and a decent buyer protection policy backed up by an ironclad (and sued over) PayPal buyer protection policy (see paypalsucks for more on the PP issue, it's a completely separate deal though they are owned by eBay). Positives were worth +1, Neutrals were worth 0, and Negatives were worth -1. Feedback was kept FOREVER and the percentage rating (the 99.7% or whatever next to name) was lifetime (calculated by all positives divided by all positives and negatives combined). Repeat buyers/sellers feedback counted for the %, but not the number (the 327 next to the name/star).
The "new" system allows buyers to leave whatever feedback they want (Positive/Neutral/Negative) but sellers (ALL sellers) can only leave POSITIVE feedback. Positives are worth +1, Neutrals and Negatives are BOTH worth -1. The percentage is now calculated by positives in the last 12 months divided by all positives, negatives, and neutrals in the last 12 months. Repeat buyers/sellers now count. In addition, the NPB strike no longer has any teeth (you need 3 within a certain time period and fraudulent charge-backs or PayPal withholdings do NOT count as "non-paying"), and the "Seller Protection Policy" is only for PowerSellers, period.
This is a one-sided and idiotic system that favors large, impersonal sellers and allows buyers free reign to chargeback after they've received goods and threaten negative feedbacks with no fear of retaliation. Sellers like myself (11 years but only ~500 auctions, maybe ~200 sales?) who have a long, storied history of 100% (or very, very close to it) feedback are now at the mercy of ANY buyer (even those with 0 to 10 feedbacks) leaving a sudden negative or neutral. Large PowerSellers who sell hundreds of items per month will not only be immune to the changes (by massive quantity shoring up their %) but also are the SOLE recipients of the Seller Protection Program (to guard against threats, extortion, and fraud).
Kiss small to medium sellers goodbye. Giant overseas warehouses of knock-off goods will be the only sellers left in eBay...
Examples!!! "Feedback Left For Others", check the dates!
http://feedback.ebay.com/ws/eBayISAPI.dll?ViewFeedback2&userid=inkedbarbie&ftab=FeedbackLeftForOthers
He jumped the gun, but a negative for "messy peanuts"???
http://feedback.ebay.com/ws/eBayISAPI.dll?ViewFeedback2&userid=robjennings&ftab=FeedbackLeftForOthers
More:
http://feedback.ebay.com/ws/eBayISAPI.dll?ViewFeedback2&userid=shadowfire0101&ftab=FeedbackLeftForOthers
How about buyers being able to make their feedback private, so you can't see what they've left for others?
http://feedback.ebay.com/ws/eBayISAPI.dll?ViewFeedback2&userid=10seconds2love&ftab=AllFeedback&userblob=39DDC0B8610A70E0AB45F00E5914AA7463981378CD9C959EF10E3A5FED9405F4D351599E2817C55BA34337D6F56339FD2703D59B73E72BC3
This person openly admitted on eBay to leaving negatives today because... "I just left a negative feedback for a seller. Normally I would have let the issue slide, but with the new policies, I figured why not?"
http://forums.ebay.com/db2/thread.jspa?threadID=2000570875&tstart=0&mod=1211264636653
What about the CEO selling stock right before the changes and implosion?
http://biz.yahoo.com/ap/080519/ebay_insider_transactions.html?.v=1
http://blogs.mercurynews.com/docudrama/2008/01/25/did-whitmans-100-million-in-ebay-stock-sales-foretell-her-stepping-down/
No bad buyers, are you sure? Read about the fraud and scams!
http://forums.ebay.com/db2/thread.jspa?threadID=1000701413&tstart=0&mod=1211264115447
http://forums.ebay.com/db2/thread.jspa?threadID=1000700776&tstart=120&mod=1211255981199
http://feedback.ebay.com/ws/eBayISAPI.dll?ViewFeedback2&userid=droids2010&ftab=FeedbackLeftForOthers
"Held hostage for Positive feedback"
http://feedback.ebay.com/ws/eBayISAPI.dll?ViewFeedback2&userid=slotstuff&ftab=FeedbackLeftForOthers
"I THOUGHT I paid!!"
http://feedback.ebay.com/ws/eBayISAPI.dll?ViewFeedback2&userid=michaelrash40&ftab=FeedbackLeftForOthers
eBay is practically begging buyers to leave negatives!
http://forums.ebay.com/db2/thread.jspa?threadID=1000701512&tstart=40&mod=1211263285889
"I LEFT 27 NEGATIVES TODAY!!!!!!!"
http://forums.ebay.com/db2/thread.jspa?threadID=1000701524&tstart=0&mod=1211266686252