Seller's Fee

Seller's Fee

In an auction, a fee paid to the person or organization holding the auction on top of the highest bid. For example, if one bids $1,000 for an antique bed, the seller may have to pay a 10% buyer's fee (or $100) if that is the winning bid. A seller's fee is one way an auctioneer makes money from the auction.
References in periodicals archive ?
The commercial terms of the agreement are that members of the IA will be charged by cloudBuy for the provision of individual cloudBuy websites and pay a percentage of sales transactions as a marketplace seller's fee.
In many clients' minds, the seller's fee may be partially justified based on the time an accountant is dedicating to the client while in their facility.
Proceeds from the sale, minus a 15 percent seller's fee, will be used to fund football scholarships in the name of Barnett.
Wi-Fi TV will generate revenue from the auctions from one or more of the following: Seller's fee, Bidder's fee, and/or revenue from the sale of a Wi-Fi TV Auction station.
The seller's fee for running a classified ad at www.
All books sold in the Bob Bookshop are printed on demand and there are no seller's fees, storage costs or financial risks for the self-published author.
In France, for instance, you will be responsible for both the buyer's and seller's fees.
On this page there are several hot buttons you may click on for additional information, such as how to sell, seller's checklist, creating a seller's account and learning about seller's fees.