Question: How does Trade Me make money?

Instead, casual sellers are charged 7.9% of the sale price, and in-trade sellers are charged 7.9% of the sale price and the shipping cost combined. The maximum success fee is $249, and no fees are taken for items that sell for $1 or less.

How much money does Trade Me take?

In–trade sellersSuccess fees – in–trade sellersSale price and shipping cost $1 or less$0 (no success fee)Sale price and shipping cost more than $17.9% of sale price and shipping cost (maximum success fee = $249)

Can you withdraw Trade Me auction?

You can withdraw a listing within the first hour free, all listings fees will also be refunded. If the listing has been live for over an hour, youll be charged a fee – the higher of $3, or the applicable success fee if the item were to sell.

What does $1 reserve mean on Trade Me?

The reserve price is an optional amount, which is higher or equal to the start price thats set by the seller. An item wont sell until bids have met the reserve – its the lowest price the seller is prepared to sell for. You will see a red reserve met flag when it has reached that point.

Do you have to pay to sell on Trade Me?

Fees. There are no upfront fees when listing items in marketplace categories (other than when listing animals, carbon credits, and domain names*). Instead, casual sellers are charged 7.9% of the sale price, and in-trade sellers are charged 7.9% of the sale price and the shipping cost combined.

How is success fee calculated?

The success fee is calculated against your profit costs (not against the damages). The amount of those profit costs is the amount which your client is liable to pay under the terms of the retainer, in so far as they are not unreasonable (see points made above).

What happens if the reserve price isnt met?

If the reserve price is not met, the seller is not required to sell the item, even to the highest bidder. As a result, some buyers dislike reserve prices as they encourage bidding at levels that may not win.

What can I sell on Trade Me?

Trade Me will exercise its sole discretion to determine whether or not a business for sale listing is acceptable.Carbon credits. Chainsaws. CCTV footage. Child restraints. Cigarette or nicotine replacements. Copyright and other intellectual property rights. Courier tickets. Digital currency.

How old do you have to be to sell on Trade Me?

18 years old Its free to become a Member of Trade Me, but we do have some eligibility terms. To become a Member you must: be at least 18 years old and able to enter into contracts; be a resident in New Zealand or Australia (unless we specifically agree with you otherwise); and.

Who pays success fee?

What are success fees? In most successful no win, no fee claims, claimants will pay a success fee to their solicitor. Before the Legal Aid, Sentencing and Punishment of Offenders Act 2012 (LASPO) ame into force in 2013, success fees were paid by the defendant, meaning claimants kept 100% of their compensation.

What is a reasonable success fee?

The standard rate for a success fee is 25% and while before 2013 this was covered by the defendant the regulations have changed.

How many items can I sell on trademe?

Every seller is given a listing allowance of 50 listings. You might receive a larger listing allowance based on your total sales. You can find your listing allowance on your Sales summary page in My Trade Me.

How long do I have to pay on Trade Me?

Pay for goods purchased as soon as possible, and within a week of the auction closing and receiving payment details.

Is the reserve price the same as buy it now?

Auctions can have both a Buy It Now price and a reserve price, though the reserve price and the Buy It Now price do not have to be the same. Once the reserve price is met, the Buy It Now option is removed from the listing, and the auction will continue with bidding as normal.

What happens if you are the highest bidder but the reserve isnt met?

Once the bidding has gone up to $150, the reserve not met notice will disappear. The highest bidder will win the item. If the bidding does not reach $150 (the reserve price), the item wont sell, and the seller isnt required to honor any bids below the reserve.

Can I sell to highest bidder if reserve not met?

If the reserve price is not met, the seller is not required to sell the item, even to the highest bidder. As a result, some buyers dislike reserve prices as they encourage bidding at levels that may not win.

How successful are no win no fee cases?

The typical no win no fee percentage is 25%. However, as with any legally binding documents you should always check the small print before signing, and double or triple check exactly what you may be charged.

Reach out

Find us at the office

Dayberry- Antinucci street no. 75, 92993 Belfast, United Kingdom Northern Ireland

Give us a ring

Daan Hilger
+47 129 536 826
Mon - Fri, 9:00-17:00

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