as of Jan. 1st, 2021
BUYERS PREMIUM FEES ARE ONLY CHARGED IF YOU ARE THE HIGHEST BIDDER WHEN AUCTION ENDS. There is NO Buyer Premium Fee if you use Add To Cart/Buy It Now.
Buyers Premium Fees- FnA Auctions & Marketplace Charges Buyers Premium Final Value Fees of 10% on items won up to $1,000. Any dollar amount over the $1,000 has a 5% Buyers Premium Final Value Fee. For example, an item won for $1,000, the Winning Bidder will owe a $100 to FnA Auctions in addition to the Winning Bid Amount to Seller. An item won for $2,000 has a Buyers Premium Final Value Fee of $150 Paid to FnA Auctions in addition to Winning Bid Amount paid to Seller. $5,000 would be $300. $10,000 would be $550, Etc.
There is a Buyers Premium Calculator on Bottom of Each Auction.
Sellers Listing Fees-Basic Auction and Fixed Price Listings are FREE. Auction Listings that sell to the Highest Bidder will have NO Final Value Fee for the Seller at this time. If an Invoice is received for Final Value Fee, FnA will take care of it. If Seller chooses to sell for a Fixed Price or chooses to add a Fixed Price/Buy It Now on an Auction Listing, for ending auction early for a specific Fixed Price, Then Seller pays a Final Value Fee of 10% on items sold up to $1,000. Any dollar amount over the $1,000 has a 5% Final Value Fee. For example, an item sold for $1,000, the Seller will owe a $100 to FnA Auctions. An item sold for $2,000 has a Final Value Fee of $150 Paid to FnA Auctions. $5,000 would be $300. $10,000 would be $550, Etc.
If Seller Chooses any Upgrades/Enhancements/Features for a listing, These Fees will need to be paid for at time of listing or edit for Listing to go Live.
All unpaid invoices for fees after 3 days, will result in Suspension of Buying and Selling Privileges. Suspended Account will be reinstated, Once All invoices are PAID.