Quote:
Originally Posted by frankbmd
Buyer's Premiums are all different from 5-21% in my recent experience and memory. I'm pretty good with numbers, but sometimes when bidding I have to think twice or look up the buyer's premium for the specific auction I'm bidding on.
Bidding increments with the Buyer's Premium included would get confusing, but could not the "My Account" page for that auction, or even better the bid confirmation page, incorporate the Buyer's Premium with the bid to reflect the actual cost incurred from placing a bid. It seems that the software is able to quickly add the "juice" once the auction is closed, so why not include it while the auction is in progress.
I'm not an IT guy, but it seems like this would be doable and would be well received by the bidders. I expect an IT opinion about this, but would be interested to know how all you customers feel as well, particularly those who experience surprise and dismay when they see their invoice.  |
From an IT point of view it would be a breeze. However, then people would see the actual amount potentially out of pocket. How often, in the heat of an auction, do you suppose a bid is made without considering the juice? I wager it happens enough to be to the AH's benefit to NOT include it in an on-going auction. It is a business after all.