Sellers: There are two types of fees for selling at GunAuction.com - a Final Value Fee, and any fees associated with Special Services. The Final Value Fee is a percentage of the highest bid on a sold item, and Special Services Fee are for things like listing enhancements, or services allowing you to track how many people have viewed your auction. Unlike eBay, we don't charge sellers an 'insertion' fee for a Basic auction. Also, Sellers can upload multiple pictures and include HTML in their auction to give it more 'eye-popping' character, again - free of charge.
Buying or Bidding: There are no fees associated with Buying or Bidding at GunAuction.com. As a new user, you can bid on up to 10 concurrent auctions PLUS the number of Positive feedback you've received. We limit the number of auctions new users can bid on until we're sure they understand how our auctions work. So if you've got two Positive feedbacks, you can bid in up to twelve (12) concurrently running auctions. If you'd like to bid on more concurrently running auctions than your feedback allows, you can pay a small fee to become an Unlimited Bidder.
Final Value Fee: The Final Value Fee is only charged to the seller if the item sells, and is 5% of the first $25, 2.5% of the next $975, and 1.25% thereafter. So if an item sells for less than a $25, the Final Value Fee would be 5% of the final sale price. If an item sell for $650, the Final Value Fee is 5% of the first $25 - which is $1.25 - plus 2.5% of $625 which is $15.63 - for a grand total of $16.88. If the item were to sell for $1500, that's $1.25 plus $24.38 plus $6.25 - that's $500 times 1.25% - for a grand total of $31.88.The item is considered sold if the reserve is met in a Reserve auction, or if the auction has just one bid in a Basic auction. If the auction has no bids in a Basic auction, or if the Reserve hasn't been met in a Reserve auction, then the item isn't considered sold and the seller isn't charged a Final Value Fee.
Reserve Auctions: Unlike Basic auctions which don't have any fees if the item doesn't sell, there is a No-Sale Reserve Fee of $.99 if a Reserve auction closes without selling. The fee is charged at the close of the auction, and is non-refundable. We charge this fee in order to encourage sellers to set realistic reserve prices for their items. If the item does sell, then the fee is not charged, but a Final Value Fee is charged based on the final high bid.
Special Services: Special Services are enhancements that can be made to an auction during it's creation that improves it's visibility in the listings and will give it a better chance of selling, or provide the seller with more information on it's progress. For example: we have Featured Auctions which are auctions that are listed first in all listings and Search Results to give the auction higher visibility. The seller pays a fee to have their auctions appear in the Featured listings.
The seller can also include a counter that increments every time someone looks at that item. The counter also appears in 'Manage My Auctions' so that the seller can get a summary of how his auctions are doing in one glance.
AutoExtension is a service provided to sellers free of charge! If an auction doesn't have any bids at it's close, and the seller chooses to autoextend the auction, the auction will not close and the auction will continually be extended for it's original duration until someone bids on it, or the seller removes the autoextension. The seller can only choose to autoextend an auction at the creation of that auction - not during the auction itself. If the seller selects any other Special Services, the seller will also be charged half-price for those Special Services during an autoextension. Example: A Highlighted Auction is normally $.99 - during an autoextension the seller will be charged $0.50. The seller is charged half-price for those Special Services every time the auction is extended.
This provides the seller with an idea of how effective his style of auction is. To increase the visibility of the seller's listing, we also have BoldFace type, Highlighted Listings, and a variety of colored text the seller can choose from.
All these services are provided for a small fee, and anyone that wishes to use Special Services must list a credit card with us.
Relist Credits: A Relist Credit is a credit issued to your account at GunAuction.com where the high bidder did not complete the auction. Relist Credits are for use with future sales at GunAuction.com and Relist Credits ARE NOT credited back to your credit card under any circumstances.
While Relist Credits are issued for Final Value Fees, Relist Credits are not issued for any Special Services used.
As a Seller, you'll occasionally run into the situation where a bidder turns out to be a Deadbeat, or the bidder returns a firearm for a refund. If the bidder is a Deadbeat, GunAuction.com will happily issue a Relist Credit for any Final Value Fees charged for that auction, providing that the seller leaves Negative feedback on the bidder. (Negative Feedback for deadbeats is the only mechanism we have for getting rid of deadbeat bidders at GunAuction.com - so we require that you leave feedback before we issue a Relist Credit for your fees.)
If a seller accepts a return, GunAuction.com will happily issue a Relist Credit for any Final Value Fees charged in the auction. You most post Neutral feedback on the buyer stating that the item was returned for a full refund.
If you wish to have a Relist Credit issued, log in to Billing and click on the 'Request Relist Credit' link next to the auction fee in question. An email will be automatically generated and sent to us requesting a Relist Credit for the auction in question. Again, please make sure you've already left appropriate feedback if you want the Relist Credit.
Because you are responsible for any fees incurred while using GunAuction.com, we only issue Relist Credits for auctions where feedback is left. If a buyer backs out of an auction where you feel you're at fault or an item is misrepresented, you're still responsible for the fees incurred. Because of Relist Credits and other credits that are sometimes issued, you might build up a negative balance at GunAuction.com. Sorry, but under no circumstances are credits at GunAuction.com issued back to your credit card - they are to be used for future auction sales at GunAuction.com.
Payment/Billing: In order to create auctions, Seller's must first Sign-Up and list a credit card with us using our Secure Server. As soon as your card is approved a $1 fee that we charge to verify the card is refunded to your GunAuction.com account. After a credit card has been placed on file, the card will be billed on the 1st and 16th of the month for charges accumulated on the prior 1st through the 15th, and the prior 16th through the end of the month respectively. So if you're auction ends in a sale on the 3rd, you'll be charged on the 16th for that auction. If you utilize Special Services, even though the auction may not have ended by one of our billing dates, you'll be billed for any Special Services used on the very next billing date.
Paying By Check: You can now prepay your account by check. Use our Invoice Request Form to have an invoice emailed to you.