eBay Inc, plans to cut the fees it charges sellers on its auction site, according to a presentation of the company’s quarterly results on Wednesday.

Responding to complaints by its key network of auction sellers, eBay will reduce the upfront fees sellers must pay to insert new listings on its auction sites along with reductions in the final transaction fees they pay on successful sales.

“We are going to make breaks from the past,” John Donahoe, the newly named chief executive to be, told investors on a conference call to discuss eBay’s 2007 year-end results.

Posted: 01|24|08 at 9:51 am. Filed under: Auction News.