Why do you charge 13% buyers Premium after the auction ends? Add’s way too much to the cost of the items. Remember that before you bid

Jon R | Oct 30, 2020 | Category: Auction house

K-BID Online Auctions - All questions

Address: 5030 US-12, Maple Plain, MN 55359, USA

K-BID Online Auctions | Oct 30, 2020

Hey Jon, Thanks for the question. A Buyers Premium is common in the auction industry. It helps offset costs for website development, marketing, staff, insurance and all the other fun stuff that comes with running a business. 3% of that buyers premium goes to the affiliate to help offset their credit card charges. Like all businesses, we need to make a profit in order to stay open. Thanks again!

Tom | Oct 30, 2021

It's built into the price. Bid a little less. If someone outbids you, then it was worth more than you wanted to pay.

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