What does FedBid charge Sellers to use FedBid?
The FedBid value-added service is based on an Application Service Provider (ASP) model, in which Buyers and Sellers need only Internet access and a browser to participate. FedBid charges no subscription fees. Interested Sellers simply register, login and submit Bids for Buys that correspond with their offerings. The system adds an equal percentage transaction fee to all Seller Bids prior to submission to the Buyer. When the Buyer makes an award to the Selected Seller, FedBid will collect the included fee from that Seller. FedBid’s model eliminates out-of-pocket fees for all Sellers.
