How can a consigner on Ebay charge negative rates?

frankhardy

I just bought a card on Ebay from Sirius Sportscards. In the mailer they sent me a little card that advertised their consignment rates. It shows the following:

$10 or less......5%
$11 to $25.....10%
$26 to $50.....5%
$51 to $100.....3%
$100 to $2500.....0%
$2500 to $4999..... -2.5%
$5000+..... -3.5%

I do not understand the zero percent. Are they just that generous to consign an expensive card for free?

I do not understand the negative rate. So they want to pay me extra money on top of my hammer price?

I am confused.

Autos4Alex

I've been looking for a good consignment place. This could be the one!

Kyser

"A 12.5% buyers premium will be added to all winning bids"

blurryface

they are sirius.

GoDodgersFan

Thanks for posting. I need to look at this a little more especially being in the DC metro area.

professorpuck

At a negative commission, they pay you extra on top of the hammer price. That comes from the buyer's premium.

coolstanley

Sounds too good to be true.

professorpuck

It's not too good to be true. These smaller auction houses offer it to get better items. They're still making money from the sale because the BP is way bigger.

Just because there's a negative commission doesn't mean this is 'the place' to sell. You also have to ask yourself 'why do they need to do this to get inventory?'. That tells you something.

frankhardy

OK... So I checked a little further and Sirius has their own auctions on their website. I thought the consignment rates were on Ebay like PWCC. With all you guys have said it makes sense now.

jfkheat

Those consignment rates are what they charge to sell in their auctions on their website.