The biggest difference between seller-managed and MaxSold-managed is whether or not the seller is handling the cataloging and pickup process themselves. For seller managed auctions, the seller catalogs and photographs the items with our cataloging app, and hosts the final pickup with the provided winners list after the auction closes. If you would like us to handle the entire process, it is called a MaxSold managed sale. In both cases, MaxSold helps you with the hosting of the online auction, marketing, and collection of payment.
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5 comments
Please expand on the Seller Managed sale, especially the 30% & $300 Managed Fee.
1. Not quite sure what is meant by ( 30% < $300.00)
o Your commission rate is 30% of all the sold items.
o Your Management Fee ($300.00) for the Auction Site setup, advertisement etc...
2. So, are you saying if the sale of all items is (<) less than $300.00 it's 30% commission? I just don't understand what #1 above is really saying.
I found it a little confusing as well, maybe it needs to be worded, commission, 300.00 or 30% which ever is higher. and Management fees 0
What are the fees on maxsoldhandledsales
For our Seller Managed model, where the seller is responsible for the photography, cataloging, and supervising pickup (while our team is responsible for the auction hosting, online advertising, and collection of payments ) the fee is the greater of $300 or 30%. (Discounts for single high-end items are possible when included in the auction, such as a $20,000+ vehicle.) Marketing is included – there are no up-front fees. Please read more about our service here: http://maxsold.com/estatesales/
So what happens if your items only generate $300 in sales? Maxsold gets all the money? My understanding of the wording is this... $300 or 30%, whichever is more. So minimum $300?
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