Question about dash trains sight?

Its 15% of the final selling price of the item, it does not include the shipping.

I'm no auction expert, but it seems to me that it's a way for them to double dip so to speak. They charge the seller a percentage of the selling price, and then turn around and charge the buyer a percentage as well. IMHO it's a sleazy business model, but apparently they have no shortage of buyers willing to pay it. It's as sleazy as a bank charging an account holder to interact with a human teller.

 

Tom

It is a 15% charge added to the final bid price. Outside of eBay every auction I have ever dealt with, Trains, Fine Art, Antique Firearms, etc all have a buyers premium of between 10% and 20%, method of payment, if you bid live or via the phone / web, etc., can also increase the buying premium fees.

Yes, this fee goes to the auction house as a rule, as does the selling fee. In my experience those auctions with a buyer's premium tend to have lower seller's fees or offer specialized services - printed catalog,  great sale marketing, expert appraisals, etc.

In addition to Dash having a buyer's premium so do most if not all the train specific auctions, like Stout.

Hope that helps, I have bought through Dash with good results and even with the premium fair prices in my view.

Even though they have the buyers premium their prices are usually pretty fair.  I've bought several pieces from DASH and would highly recommend the site!

 

Yes, I have too. Most of the items I purchased came from Trainz. I think their cleaning out old inventory. As a buyer you can make out well, but if you were a seller, I'm sure you'd rather the 15% was in your pocket. On a $500.00 engine, 15% is $75.00. I'm sure the same people that shop on Dash also shop on ebay. Trainz I know sells on both. It would be interesting to know where they make a better profit.

it's not sleazy at all! A 15% buyers premium is VERY common in almost all auctions. It's how the business works.

 

All that merketing to get the buyers all together is a lot of work and costs money.

Your up late Rich. Hope your doing well....... Back to the subject. What percent does ebay charge a buyer?

ebay charges the BUYER  0%

 

Doug

Ebay  nails the seller 10% of the sale then paypal gets there 3% . I wish people would understand that  the fees get expensive fast.

Dash also offers additional service beyond buying and selling, you can research items, as well as keep your collection / inventory online and have it valued based on sales at DASH. Dash had a rep at our last show and did several clinics

 

They also have a mobile app

 

Many of us do understand the fees get expensive FAST, that is why many post items here on the For Sale/Trade board, before going to other sites, if there is no interest here first.

 

Doug

be sure to read the TOS carefully before signing up for that FREE App

I use Dash, there is two options a free account and paid account. Each has a flat fee to pay after a item sells. No Listing fee. The buyers premium is paid by the buyer and kept by the seller. Look at rate plans here.

 The other nice features is they have a catalog of almost everything produced that you can use for your own purpose and the auctions. The free account also gives you a option of saving your inventory to a server. As posted above the app requires a paid account for full access.

 If I understand their FAQ on a free account you pay 7.95% on final sale price and shipping costs. So it could work out that you would have a zero out pocket expense.

Full FAQ page

Dash has free membership for some of the TCA divisions including Rocky Mountain, Metro, and Southeastern

How many buyers do not consider buyer's premiums when they are bidding at an auction?
I certainly take them into consideration, and I suspect that most people do.
Therefore, it really does not matter whether there is a buyer's or a seller's premium. Either way, the money is coming out of the seller's pocket.
Same goes for shipping.

Stealing photos, buyers premiums.  Dash=

I'll buy and sell trains without paying fees-do it myself, don't need thier help.

 

Everyone makes a big deal about DASH-you have a choice-don't use it if you don't like paying the fees.  Simple as that. 

 

Not trying to insult anyone here, but this subject has come up before and it is always the same result.

 

Other sources to buy and sell trains are available.  Unless of course you like handing people money-if that is the case, I'll take some

 

 

Thanks Toddstrick for helping to clarify these cost. I was under the impression that Dash was charging the buyer 15% for bidding on their website. It probably discourages some people from bidding. It makes me feel better knowing that the seller receives it and could use it toward his seller fees. He would still be left with 7.05% for his pocket, which can be viewed as though Dash payed YOU to list an item on their site. It would also show a lower gross sales for a hobby shop which would lower their income tax. 

You would be surprised at how many people don't understand the concept of buyer's premium, and how many people bid with NO consideration to buyer's premium.

LOL, it has to be so..........

 

This is why I read the terms and conditions, then can make the choice for myself.  Of course we all know the Dash owners run around holding guns to our heads forcing us train guys to use the site. 

quote:

You would be surprised at how many people don't understand the concept of buyer's premium, and how many people bid with NO consideration to buyer's premium.

 

If they don't understand the buyer's premium, then they are being taken advantage of. Do you think they repeat the mistake?