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#1
06-09-2010, 06:05 PM
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I had a question or two because I was very excited when you first posted this. But then I read:
"The auction fees are as follows; $1-$100 16.75% $101-$300 15.00% $301-$1000 10.00% $1001-$10k 4.75% Free to list! Free to re list! $0.50 To highlight $0.50 To Bold $1.00 Buy it now" I was just wondering why the fees are so large? especially when frags.org, Canreef, Ect. offers a similar service with not as many features but for 100% free. I mean don't get me wrong I wanted to post some stuff on your auction site, but if you make $16.75 off my single 100$ sale, that's like making pay pal fees seem cheap. And i would rather pocket the 10$ after Pay pal and post my own auction. For me Pay pal offers excellent functionality and security for only 3-5% per transaction. Has anyone from the public used the auction service yet? The only listed vendors seem to be retailers. And I was also wondering what justifies such a high charge rate? Is it to cover the cost of the small things people might sell, like 5$ frags? Or is there more cost to hosting this service then I imagine? |
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#2
06-09-2010, 06:11 PM
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I just check out the site and this is what I found. (C/P)
Oceanic Live is a auction based buy & Sell platform designed for everybody to use. Products are limited to items used in the aquarium industry including livestock. Listing and selling items is free of charge from May 5 until June15, 2010. Once fees ar implimented they will be as follows; Listing fee $1.00 Feature your item $0.50 Bolding your item $0.50 Highlite $0.50 Selling fees are based on final selling price and are as follows; $1-$100 5% $101-$500 3.5% $501- unlimited 2.75% Payment methods include Paypal and EMT |
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#3
06-09-2010, 06:15 PM
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Quote:
The rates are examples that are not implemented at this time and we have no future plans to charge for the use of our Oceanic Live system, I forgot those rates were still on there. People have been successful in selling items on the auction, you are welcome to list all you like! Cheers! Ian O.C. |
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#4
06-09-2010, 06:39 PM
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Well I am excited again if the 16.5% fee is never going to be implemented. I hate using a service that is free to start and then they charge you after a few weeks.
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#5
06-09-2010, 06:40 PM
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We will not be charging ever for the service! Cheers! |
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#6
06-09-2010, 07:27 PM
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 ! |
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#7
06-09-2010, 07:51 PM
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It will be competition to some extent; however, we think our name speaks for itself in the industry so far. we can also promote our own products within the Action platform.... Thanks for the compliments... O.C. |
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