eBay Faces Possible Class Action From Sellers

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August 28, 2006 by Ty Tribble | 0 Comments

EBAY faces a possible class action from disgruntled Australian sellers pushed out of business after the online auctioneer jacked up its merchant and other fees by as much as 500 per cent.An online forum lists at least 250 Australian-based internet stores that have closed since the US internet auction giant hiked its fees last Monday.The loss-making eBay traders could sue for unconscionable conduct under the Trade Practices Act, said trade practices barrister Neville Rochow.”People have invested a great deal of trust in eBay and its cost structure and may have been induced into using the site on that basis,” he said.The new eBay charges imposed on its estimated 500,000 global online store owners do not affect traditional auction listings, which have been in decline.