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  Browse Help uBid Info |
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Are There Fees?
Registering, browsing and buying on the Consumer Exchange are free! However,
if you are a seller, a Success Fee is charged on all auctions closing with winner(s),
and effective July 18th, 2002, a non-refundable listing fee will be charged on all
auctions posted live on the site.
If you are a seller and elect to utilize the Reserve Price feature,
you will be charged a non-refundable Reserve Price fee.
- Success Fee. This
fee is charged only if your auction closes with winning bid(s), and is
determined on your auction's final value:
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Closing Price
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Success Fee
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$0 - $25
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5% of the closing price
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$25 - $1,000
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5% of the first $25 ($1.25)
plus 2.5% of the remaining closing price
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$1,000 and up
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5% of the first $25 ($1.25)
plus 2.5% of the first $25-$1,000 ($24.38)
plus 1.25% of the remaining closing price
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Success fees may be refundable, dependant on individual
circumstances. Please see How do I request
a credit for my success fees.
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Reserve Price Fee.
This flat fee of $.50 will be charged on each auction you enter a
reserve price, regardless of whether the auction closes with or
without winners. This fee is non-refundable, and will be billed
to your account immediately following the opening of the auction.
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Listing Fee.
The Listing Fee is a non-refundable fee based on the starting price of your
item, or the reserve price if you elected to use this functionality.
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Starting Price or Reserve Price
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Listing Fee
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$0.01 - $9.99
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$0.05
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$10.00 - $24.99
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$0.15
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$25 - $49.99
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$0.35
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$50.00 and up
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$0.75
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For Example:
If you list an item at a starting price of $10.00, your listing fee will be $0.15. If the closing
price of your item is $20.00, the Success Fee will be $1.00. Your total charge would then be $0.15 +
$1.00 = $1.15.
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Multi-Quantity or "Dutch Auction" Listings.
The Listing Fee is based on the starting price of your item or the reserve price if
you choose to utilize this feature. Refer to the chart above to determine the listing
fee, then multiply the listing fee by the quantity of items for sale. The maximum listing fee
for a multi-quantity auction is $1.50. The Success Fee is calculated individually for
each item that closes successfully.
For example: If you post an auction selling 10 items
with a starting price of $1.00 and a reserve price of $30.00, you would be charged
a listing fee of $0.35 x 10 items = $3.50. Since the maximum is $1.50, your total
listing fee is $1.50 Your reserve price fee is $0.50.
Let's say five items have a closing price of $30.00, and five items have a closing
price of $40.00. The final value fee for the $30 items are ($25 x 5%) + ($5 x 2.5%) = $1.38 each, or
$1.38 x 5 = $6.90 for these five items.
The final value fee for the $40 items are ($25 x 5%) + ($15 x 2.5%) = $1.63 each,
or $1.63 x 5 = $8.15 for all five.
The total final value fees are $6.90 + $8.15 = $15.05
Your total selling fees charge is:
$ 1.50 Listing fee
$ 0.50 Reserve Price Fee
+ $15.05 Final Value Fees
$17.05
You may view current and previous fees charged to your credit card on your My Fees page, accessible from your My Page.
You may view current and previous fees charged to your credit card on
your My Fees page, accessible from your My
Page.
- How Will I be Charged?
- What Credit Card Will Be Charged?
When you register with uBid as a Consumer Exchange Buyer, Seller,
or both, and you plan on listing items for sale, we request a valid
credit card to enable you to begin selling. The credit card that
you entered at registration will be automatically billed every month
for any charges that are incurred within the billing period. If
you would like to register a new card, simply enter the new card
information in the My Account section of your My
Page.
- When Will I be Billed?
Your billing date will be determined by your
registration date. If you register on the first of the month, your billing
date will then be the first of every month. Any seller who registers between
the 28th -31st day of the month will be assessed a billing date of the first
of the month.
- How Will I Know My Credit Card Has Been Charged for Consumer
Exchange Selling Fees?
You can view the Consumer Exchange selling fees charged to your
account on your My Fees page, accessible from your My
Page. Your credit card invoice will reflect one cumulative transaction
for the month, and it will be billed based on your registration date.
- What if My Credit Card is Declined?
If an order cannot be authorized, we will hold the order for 48
hours, retry the card, and then cancel if it cannot be approved.
If we are unable to receive an authorization for your seller's fees,
you may be subject to a cancellation fee of $25 if a valid credit
card authorization cannot be obtained within 24 hours. Furthermore,
your access to My Auctions may be restricted.
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