"Net"?
m4832
Posts: 94 ✭✭✭
in Q & A Forum
In the classifieds what does "net" or, "net to me" mean?
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Comments
I’m going to guess, but for a seller, it’s the amount left after selling expenses, such as fees imposed, etc.
Example - If you consign a coin to an auction, and the hammer price is $100, and the fees imposed on the seller/consignor is $15, you will net $85.
Steve
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
"Net to me" is often used when the seller accepts PayPal and if you use regular PayPal that has a fee for the recipient then they want that tacked on to the payment so their net payment received is the price they were looking for. (i.e.: You pay the PayPal fees). Maybe it works the same for other payment platforms as well.