Boocoo Auctions Institutes Site Fees

New site, Boocoo was free since opening up in Beta. Things have changed and it appears that the fees they have in place are rather high for a new, unproven site.

According to the site:

Boocoo auctions charges a required final value fee of 6%. This means if you post an item for sale and find a buyer your fee is 6% of the final price, including handling. There are no required listing fees and no fees for bidders/buyers.

The 6% final value fee applies only to the first $1,000. If you sell an item for over $1,000 you pay 6% of $1,000, and everything above that is pure profit, with no fee!

Beginning November 1st boocoo will also charge for some optional listing enhancements (Bold, Highlighted, and Category Featured). We’re adding these charges based on customer feedback. It was brought to our attention that too many listings were enhanced because it’s free - in some categories it was difficult to find normal listings! Give you an example, of roughly 7,900 listings in ‘collectibles’ 7,400 were “category featured” you finally reached “all listings” on page 298. Here’s one more, on the first 3 pages of ‘Antiques’ only 3 listings were not using bold titles. It’s truly a case of free destroying the value.

Here’s how we’re going to transition: on November 1 we’ll remove the enhancements from all listings, the next time you list or relist an item you will have to add the optional enhancements if you want them, otherwise continue listing for free and pay only if you sell. This should be good for everyone; Sellers will be able to draw attention to special items and we’re still in no danger of moving up any tax brackets.

All listing enhancements are optional:

Bold - 50 cents
Highlight Listing - 75 cents
Category Featured - $2.00

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We are registered on Boocoo but have never listed anything. With these fees, it is highly unlikely that we ever will.