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MegaBytes

Bid or Buy Success Fees

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MegaBytes

Have the bid or buy success fees changed? According to the success fee chart, items selling between R250 - R5000, the success fee is charged at 4% of item value + R12.50, but the system is currently handling the fee as 4% of item value plus R2.50?

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retailrush

I haven't heard anything about the fees changing...

 

Remember that the 4% is only on the amount from R251.00 and up. Example if you sell something for R650.00

 

R1.00 - R250.00 @ 5% = R12.50

R251.00 - R650.00 @ 4% = R16.00

Total Success Fee = R28.50

 

I don't know if this helps - but though I would just point it out just in case you have not worked it out correctly. I know I was a bit confused about this in the beginning.

 

Regards

Wendy (retailrush)

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