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<p>[QUOTE="Valentinian, post: 3560263, member: 44316"]When the buyer pays for an auction coin, he or she pays a certain total amount (hammer price plus buyer's fee plus shipping and possibly bank or PayPal fees). The seller gets much less (hammer price minus "seller's fee"). It matters not at all what the difference between what the buyer pays and the seller gets is called. <b>The buyer is the only one paying anything</b>. The seller is getting less than than the hammer price, but he didn't "pay" the seller's fee. He never had it in the first place. In effect he sold his coins for less than the hammer price and the buyer paid more than the hammer price. The critical service the auction house provided is the difference and all of that difference was paid for by the buyer (once again, only the buyer injects money into the transaction). </p><p><br /></p><p>That's why you should not worry about what the fees are called ("buyer's" or "seller's"). If you are a buyer, you pay hammer plus some amount. You can reckon what to bid if you want the total payment to be X. (It is possible that in your first foreign auction you will miscalculate and find the bill higher than expected.) If you are a seller, you get hammer minus some amount. Simple.[/QUOTE]</p><p><br /></p>
[QUOTE="Valentinian, post: 3560263, member: 44316"]When the buyer pays for an auction coin, he or she pays a certain total amount (hammer price plus buyer's fee plus shipping and possibly bank or PayPal fees). The seller gets much less (hammer price minus "seller's fee"). It matters not at all what the difference between what the buyer pays and the seller gets is called. [B]The buyer is the only one paying anything[/B]. The seller is getting less than than the hammer price, but he didn't "pay" the seller's fee. He never had it in the first place. In effect he sold his coins for less than the hammer price and the buyer paid more than the hammer price. The critical service the auction house provided is the difference and all of that difference was paid for by the buyer (once again, only the buyer injects money into the transaction). That's why you should not worry about what the fees are called ("buyer's" or "seller's"). If you are a buyer, you pay hammer plus some amount. You can reckon what to bid if you want the total payment to be X. (It is possible that in your first foreign auction you will miscalculate and find the bill higher than expected.) If you are a seller, you get hammer minus some amount. Simple.[/QUOTE]
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