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Question for Teletrade Sellers

19Lyds19Lyds Posts: 26,492 ✭✭✭✭
Teletrade has a 15% buyers premium on coins won in their auctions and they have a 4 - 8% sellers premium as well.

Does this mean that Teletrade makes 19% minimum on every coin they sell ?
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



The name is LEE!

Comments

  • GRANDAMGRANDAM Posts: 8,768 ✭✭✭✭✭
    Yes, they make money both ways image

    Capitolism is wonderful ain't it image

    GrandAm image
    GrandAm :)
  • BECOKABECOKA Posts: 16,961 ✭✭✭
    Yep, I tried calling them on that and they said thier cost of operations made it so the net was still pretty small.

    Without any proof I would have to believe them but I do find it difficult to believe.
  • joebb21joebb21 Posts: 4,772 ✭✭✭✭✭
    big salaries cost a lot to pay.
    may the fonz be with you...always...
  • sinin1sinin1 Posts: 7,500
    they don't make much on the ones that don't sell

    look at closed auctions - usually 1/3 do not sell
    and relist p to 3 times - only get 5% reserve seller fee sometimes


    and they have specials/discounts bonus codes occasionally
    as well as free grading now if coin sells more tghan $250
    ....
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭


    << <i>they don't make much on the ones that don't sell >>



    Only if the seller does not place a Buy Back Bid (i.e. reserve):

    image
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • BECOKABECOKA Posts: 16,961 ✭✭✭


    << <i>

    << <i>they don't make much on the ones that don't sell >>



    Only if the seller does not place a Buy Back Bid (i.e. reserve):

    image >>



    The only problem with the free option is there is a chance someone might place that minimum $9 bid. If no one bids then its free. I am affraid that I have some stuff I tried to sell way cheap I will end up paying the 5% because I put a ridiculously low buy back bid and the stuff did not sell. I have two more chances but I was hoping to sell last Sunday when there were no sellers fees.

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