![]() ![]() What Percentage Fee Do Online Auctions Take? Additionally, review the website's return policy before completing a purchase. To help ensure you're getting what you bid on (and your money's worth), read seller reviews thoroughly and only purchase from top-rated sellers. The best online auctions allow users to compare prices on similar items, buy from a trusted seller, and return their items for a refund if the quality is not acceptable.īidding on items in an online auction is generally considered safe, but scams and poor-quality items still exist. Online auction websites are a great way to purchase desirable items at a low cost. ![]() When bidding on items, always ensure you're up-to-date on the website's return policy, shipping and handling fees, and other hidden costs that may be included. Not all sellers in online auctions are trustworthy, and some auction sites include non-refundable fees. IRS Treasury Auctions Best for Big-Ticket Itemsįrequently Asked Questions What Are the Disadvantages of Online Auctions? ![]() Varied percentage of the winning bid amountįlat rate, calculated at checkout, or local pickupįree, flat rate, or calculated at checkoutġ2.5 percent fee for sellers, 9 percent fee for buyers Multiple options for free or reduced selling feesįree, calculated at checkout, or local pickupĠ to 7.5 percent seller's fee, 5 to 12.5 percent buyer's fee Varied percentage of the winning bid amount plus $0.30 per order selling fee ![]()
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