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“Auction Update: MissionFish, eBay, and the PMC” |
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| From: | Seth Dillingham | In Response To: | 5104 Houston, We Have a Problem (with MissionFish) |
| Date Posted: | Tuesday, September 20, 2005 12:43:04 PM | Replies: | 1 |
| Enclosures: | None. | ||
There are two problems with MissionFish. The first is that they charge the seller directly for the auction. This is not as bad as I first thought: they don't charge immediately, the seller actually has until "the second Monday after the auction closes" to pay them. If you don't pay by that time, they charge your credit card automatically.
There is (apparently) also a dispute process, for those rare cases where the buyer never pays for the item. If the item never really sold (the money didn't change hands), then clearly MissionFish shouldn't take the money from the seller. I originally thought they charged the seller's card immediately, but that's not true.
The problem is still there, but it's not as significant as I thought.
The second problem is that MissionFish takes the full amount from the seller. If I auction an item for $1,000 and donate all of it to the PMC, MissionFish gets $1,000 from me. They take $3 + 2.9%, and give the rest to the PMC. Sounds fair, right? No! If the item sells for $1,000, then I've paid eBay about $40, so I'm netting just $960 for the sale. eBay donates a small part of their $40 (just the listing and reserve fees, I think) to the PMC also, but in the end I've paid eBay $40 for the privilege of donating a $1,000 item to the PMC. In other words, the seller is out the $1,000 item plus the $40 fee.
There are alternatives:
Looks like I'm going with the last option, but it still means the items won't be available for a couple of days because of logistics with getting the items listed by someone at the PMC under their own eBay account.
I know some of you (readers) are actually planning to bid on some of this stuff when it's available. Thanks for being so patient!
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