Trade Me Group shares gained 2.2 per cent to $4.14. Photo / NZME
Trade Me has announced an increase in its fee for big ticket items sold on the auction site.
A flat rate success fee of 7.9 per cent will be introduced on February 1 and a tiered pricing system for items that sell over $200 will be scrapped.
The current fee
for items from $6.40 to $200 is 7.9 per cent, but Trade Me imposes a flat fee of $15.80 plus 4.9 per cent of the price on items that sell for more than $200.
Under the new rule, all sales will come with a fee of 7.9 per cent of the sale price. The changes will mainly affect sellers of items priced over $500.
From February 1, if a user sells any items for $500, they will be stung with a $39.50 fee, compared to $30.50 under the present method. The maximum fee will be $149.
