Trading Post auctions

[Garry Beattie]

At last it has finally happened in Australia.

A Huge organisation for on-line selling in Australia, the Trading Post, has
now launched their on line auctions.

They have been advertising everywhere, have the morning TV shows involved
and will do very very well I believe.

Especially since they offer free listings, payment via various payment
methods including PayPal, Paymate, bank transfer or cheque/money order.

You just pay a 2.5% final value fee when your item sells.

This may not be big news for you guys overseas, but in Australia it is huge.
I guess it would be the same as Craig's List in the USA announcing they were
introducing an auction format as well.

Just lie Trade Me in New Zealand knocked off eBay, I dare say Trading Post
will do the same in Australia.

[kitten...@yahoo.com]

Thanks for the post... Any follow-up?

eBay in the U.S. is practically a monopoly. It's really awful -- they
screw the consumer in multiple directions: Listing fee, final value
fee, and then PayPal transaction fee. By the end of it all you've lost
10% of your sale. This makes it virtually impossible to make any kind
of profit from intelligent buying and selling, because eBay is
skimming all the profit you might have made.

10% of a sale at an auction house is one thing, because the buyer pays
the extra premium and an auction house has a limited transaction
bandwidth. eBay is just exploiting their monopoly.

Bring on the competition!