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Epik Marketplace Commissions / Fees Knowledge Thread
I wanted to make a thread for Epik's Marketplace as I believe more and more of us will be using it for sales and listings.
In this thread I want to have the most up to date info about commissions and fees as they may change from time to time.
My experience so far was great with Epik MP. I had an inquiry from Afternic about 8 or 9 months ago and priced the domain accordingly. Not knowing much else I waited and around 2 weeks later I believe it was I received an email from Epik saying that my domain had sold and I was paid the full amount (no fees so far.) I can only assume the inquiry came thru Epik and since the domain was listed with Afternic it was priced there then sold at Epik thru a partnership and Epik might have added a fee on top to get their cut and possibly Afternic got one too (anyone feel free to correct me if I'm mistaken here with this scenario.)
This was my first sale with an Epik related MP purchase and I decided to request a check to be mailed because of PayPal payout limitations for my account. I believe it was minus 5% commission for cashout which is fairly low and fair overall.
Recently I sold a domain from auction here and used Epik's MP to finish the deal. I setup a private link so that it could not be purchased by someone else before the buyer got a chance. I was charged a 9% fee for that sale. I am not sure if that's a new fee or normal fee. I was slightly confused and asked another member about their experience via message.
So what I have figured out so far is this:
Sell via Private Link = Escrow @ 9% commission fee (but 0% cashout fee)
Sell via Marketplace = No Fees? Or only a cashout fee?
Selling via Afternic = No Fee initially but 5% cashout fee (my experience)
I'll tag @Epik.com @Rob Monster @Sarah@Epik for clarification / corrections as I'm sure some are not right or have changed.
By the way, these 2 transactions so far were pretty much the most hassle-free I've had anywhere. The money was instantly in my account, fastest of any place I've used.
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