MySlabs

[philliesfan]

I see they have seller fees of 2 or 3% plus $3.49 + .49 processing fee.

Does anyone know if the processing fee is for each sale or is it a monthly fee on your sales when they send you payment?

Thanks,
Bob

[sbfinley]

It suffers from issues most eBay competitors deal with. Sellers fear fewer eyes equals fewer dollars and they price their goods to reflect that fear. I can’t remember who, but someone here opened a eBay competitor 10-12 years ago and it was a great site, but it quickly became a BIN museum as sellers feared no reserve auctions rightly or not.

[gunboat82]

Originally Posted by sbfinley

It suffers from issues most eBay competitors deal with. Sellers fear fewer eyes equals fewer dollars and they price their goods to reflect that fear. I can’t remember who, but someone here opened a eBay competitor 10-12 years ago and it was a great site, but it quickly became a BIN museum as sellers feared no reserve auctions rightly or not.

I listed some stuff in a MySlabs auction a couple weeks back. MySlabs COO Matt Greaney said "We fully recommend reserves on key/high end items for the time being."

It's likely that the final bids were depressed by the existence of a reserve (I avoid no-reserve auctions myself), but the final bids didn't even come within shouting distance of what I eventually sold most of the items for on Facebook or eBay. I'd estimate that the closest was a Tom Brady that ended around $7500; it sold on Facebook for $10K. Most of the bids ended around 50 to 60% of the eventual sale price. I'll never know what might have happened with no reserve, but I suspect it would have been a bloodbath.

[Bigdaddy]

Originally Posted by gunboat82

....I suspect it would have been a bloodbath.

Not for the buyers.

But I do get your point.

[CardPadre]

Originally Posted by philliesfan

I see they have seller fees of 2 or 3% plus $3.49 + .49 processing fee.

Does anyone know if the processing fee is for each sale or is it a monthly fee on your sales when they send you payment?

Thanks,
Bob

They don't send you payment, you get paid from PayPal or Stripe. And you incur those transaction fees in addition to the 2 or 3% selling fees. That $3.49 that you wrote above is not a dollar amount, it's actually 3.49 percent...the PayPal/Stripe fee.

The $.49 processing fee is for each sale, I believe.

[Snowman]

Originally Posted by CardPadre

They don't send you payment, you get paid from PayPal or Stripe. And you incur those transaction fees in addition to the 2 or 3% selling fees. That $3.49 that you wrote above is not a dollar amount, it's actually 3.49 percent...the PayPal/Stripe fee.

The $.49 processing fee is for each sale, I believe.

Don't forget to include the 1% "Buyer's fee" as well. That counts despite them constantly trying to tell you not to include it when assessing their actual fee structure.