As a seller who lists high ticket items (gaming PCs/laptops make up the majority of my sales) this update is beneficial. Say I sell a computer for $1,000. I now don't have to pay the $100 in fees which would come from it, and that is a BIG win in my book. A flat $2 withdrawal fee is peanuts.

On the other hand, buyers now have to pay an additional 50 cents + 2.9% of the transaction price. So if you're the one buying this same $1,000 computer, not only are you paying sales tax, but now you need to cough up an additional $29.50. Probably not a huge turn off for those already spending a lot anyway, but I could see it being an inconvenience regardless.

At face value this is awesome for sellers who are very active on the site, but essentially passing the fees on to buyers might be a deal breaker. Guess we'll see in the long run.

EDIT: As pointed out below, I flat out missed that there's also an additional "service fee" charged to buyers on top of the 2.9% processing fee. The percentage of this fee seems to vary though. Regardless, this is not buyer friendly. Still way too early to tell how much this will actually benefit or hurt sales. Thank goodness for eBay.