Domain and web site aftermarket, Flippa.com has announced a change in the manner of charging the fees for domain auctions.
In particular, the option to have the buyer pay for a portion of the fees is now removed and as such all buyers will only pay the full amount of an auction, not a penny more.
This might be received as mixed news by active sellers who might be used to offset part of the 5% fees by charging the buyer, something that e.g. Escrow.com offers as an option to private transactions.
- Website buyers engage more with auctions that don’t require a buyer success fee:
- 8% more views
- 15% more watches
- 18% more bids
- Auctions without a buyer success fee have a better chance of selling and tend to sell for 45% more than auctions requiring the buyer to pay the fee
- Auctions without a buyer success fee are almost 15% less likely to be disputed
In related news, a few more stolen domains ended up recently at Flippa; their new owner is being harassed by what seems to be the legitimate owners of the stolen domains.
