Quote:
Originally Posted by Peter_Spaeth
They have to earn a fee. It's the same difference if they take it off the hammer price and call it a seller's fee, or add it to the hammer price and call it a buyer's premium, because any rational buyer will bid factoring in the premium and will end up paying the same either way.
Simply stated, rather than bidding 120 for an item on ebay, you would bid 100 knowing 20 is going to be added.
Why buyer's premiums remain an issue for people really is beyond me. They're an issue for consignors to be sure, because they affect their take by depressing hammer price, not for buyers.
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It does make a difference Peter. For those on a relative card budget, 20% could mean paying significantly more for a card. You gave an example of winning a card for $100 but now having to pay $120 with BP. What if you win a card for $400, now it becomes a $480 card, etc. That will limit the smaller collector who may want to bid on multiple cards. I for one, don't like forking over an extra 20%.
Maybe this keeps PWCC in business. They are certainly scrambling around lately, quite clumsily. They had a brief niche, like Ebay. Now they are like all the other auction houses & crappy servicen thrown in too.