Binghamton, NY (PRWEB) July 7, 2005
DealMania (http://www.dealmania.com), a fast growing online auction provider, today announced it would begin capping seller fees on a monthly basis starting in August. Fee capping is a patent-pending billing process developed by DealMania specifically for online auctions. The fee cap, currently set at $9.95 per month, is the maximum amount a seller on DealMania will be required to pay each month, regardless of how much they sell. All fees associated with selling on DealMania will be subject to the fee cap.
DealMania charges auction sellers a commission fee ranging from 1% to 3% based on the final sale price of the item being auctioned. SellersÂ fees accumulate throughout the month as they sell items. DealMania then bills sellers for the fees they accrued during the month.
With the fee cap in place, sellers will not be charged for fees they accumulate that exceed the cap amount. Once a seller reaches the fee cap during any given month, the items they sell will be not subject to fees for the remainder of that month. Sellers using the DealMania auction site could see significant savings when their fees reach the cap early in the month.
ÂAt DealMania our goal is to make selling in online auctions as cost effective as possible. By implementing a fee cap, our sellers will never pay more than the cap amount each month, regardless of how much they sellÂ stated Michael Atchie, DealMania CEO.
The DealMania fee cap scheme creates an attractive environment for auctions sellers. On most auction web sites, including category giant eBay, sellers can accumulate significant fees as they sell more and more items. Using the DealMania auction site, sellers will see those fees erased.
Unlike a subscription-billing format, where fees are due regardless of how much a service is used, DealMania sellers are not billed unless they use the web site and have successful sales. ÂWe really believe in helping sellers reduce the costs associated with selling online. With the fee cap sellers can even budget their expenses and maximize their profitsÂ stated Atchie.
DealMania has applied for a provisional patent on fee capping as an online auction billing process.
DealMania.com is an online auction destination dedicated to uniting shopping enthusiasts from all around the world to buy and sell their quality, new and pre-owned items and apparel on the web. DealMania offers the seller a high traffic site to sell their items while giving the buyer a great place to find what they need at a substantial savings. With a growing population of buyers and sellers, DealMania is quickly becoming a venue where buyers and sellers can do business in an easy and effective way.
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