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NostoNews, September 1, 2004
by Tommy Jasmin

Why sell on Nosto?

Sellers, are you tired of high listing fees on venues like eBay?

Nostomania.com listing fee: $0.00
  • Always
  • No catch
Let's look at an example comparing fees for a fixed price item.

Suppose you decide to sell an item for $25.00. Below is a table comparing fees at the time of this article on eBay and on Nostomania.

Fees for selling a $25.00 item eBay Nostomania
Insertion fee $1.20 $0.00
Final value fee $1.31 $1.25
Buy it now fee $0.05 $0.00
Total fees $2.56 $1.25


To summarize, here are three important points for selling on Nosto:
  • The eBay fees in this example are over 10%. If the buyer pays with PayPal, the total fees to the seller close in on 14%! Nosto feels this is just too big a slice of the pie for the seller to swallow.

  • Nosto fees are capped at 5%. This is the most they can be. The more you sell, the lower the fees, dropping to as low as 1%!

  • Nosto also allows the innovative "Percent of current value" selling scheme. Example: seller lists the item at 80% of current value. If the current value is $100.00, Nosto will automatically put the item up for sale for $80.00. If the value later goes up to $200.00, Nosto will automatically adjust the selling price to $160.00 so the seller doesn't have to worry about updating sale prices! But this is a topic for another day, and another news story...
Again, thanks to all who use and support the site as we expand and improve. We greatly appreciate it!


Prizes

Don't forget, all you have to do is create a single Collection, Wantlist, or Salelist item during the appropriate month to qualify for our sweepstakes. Why not take a look and see what we're giving away (and gave away last month), free as always.

Thanks, we'll see you all next month.

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