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.
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I don’t like the high listing fees.
and since there at down under, big time difference, I can’t get support when I am alive and active.
I could not get into my listing 2 days ago and finally got an email but still not resolved.
This is no way to do business.
What I wanted to do was cut and paste the real ownership of my domains so others know that I am the legit owner of those domains.
Thanks Lucius – think there may be a typo in your headline. Think may be supposed to read as “The seller pays the fee from now on” …
Oops, that was totally Freudian, I guess I secretly wished the buyers still paid 😀 Fixed. Thanks Andrew.
Awesome. Thanks!
Flippa fees are very high when you consider you then have to pay fees to a seperate company to handle escrow when a transaction completes.