How much does it cost to use Freezone Auctions?
Freezone Auctions charges a commission for each sale payable at the end of the bidding process by the seller. This is to defray the costs of running the auction and to support the costs of the IFA. On each auction there will be a 5 percent (5%) charge on the total winning bid of each auction that is successfully completed. With a minimum of 3 dollars. i.e. if the auction winning bid was 100 dollars then the commission paid by the seller would be 5 dollars. If the winning bid was 200 dollars then the service charge woudl be 10 dollars. If the winning bid was 20 dollars then the commission paid by the seller would be 3 dollars. An invoice is automatically sent to the seller when the bid is successful and the seller has 7 days to settle the invoice through PayPal. If there is no sale and or the seller cancels the auction for that item then a fee of 3 dollars is still payable to Freezone Auctions for the use of the system. The account address to which such commissions should be paid will b