Just a heads up about a TradeMe update that could be potentially quite costly for some sellers.

OMINS customers that want to update their prices can either use the bulk pricing updater, or else we can run a script to quickly update your entire product catalogue.  Send an email to support to request this.

Of course, this will only affect you if you set the reserve price manually.  Products that use the advanced pricing inheritance feature for reserve prices won’t be affected.

23 June – Reserve fee to apply in general categories

A 25c reserve fee will apply to auctions where you choose a reserve price that is higher than the start price, effective from 1 July 2008.

This change is designed to offer a better buying experience by encouraging sellers to be transparent about reserve prices. As a result, buyers will know that any bid has the chance to be successful.

No fee applies when you keep the reserve price equal to the start price, or when listing a car or other vehicle.