Topic: Fee Capping

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Posted at July 8, 2005, 3:27 pm:

I'm not sure if this is the appropriate thread to post news in, but we have just launched a great new concept for online auctions. The concept is Fee Capping and it's introduced by DealMania.com.

Fee Capping sets a monthly fee limit on how much we will collect from sellers, regardless of how much they sell. The cap is set at $9.95 per month. This means that if you have fees higher than $9.95 accumulated in any month, we will erase the fees above the cap.

Sellers on our site are really embracing this concept and we think it can really help sellers maximize their profits.

Fee capping is not a subscription since sellers are onlu charged fees for the sales they get, up to the cap amount.

For more details, please visit:

Our press release page

or

Our Fee Cap info page

Thanks!
Stacy
DealMania

Original of the message was taken from http://www.auctionbytes.com/forum/phpBB/

Replies:

Stacy, I appreciate the concept but I certainly hope it is never adop...

Reed, I agree.

My preference is that you just lower your fees across the board.

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