Creating an Auction
      Back to home
      1. Help Center
      2. Seller Resources
      3. Creating an Auction

      What is the buyers premium?

      Learn who receives the buyers premium, and how to utilize this % to maintain profitability and maximize customer satisfaction.

      Buyer's Premium: 

      The buyer's premium is a % of the auction hammer price that compensates the seller for their time. This amount is added to the successful bidder's invoice total. 

      Here are some tips on the Buyers Premium: 

      • Bidders can see this percentage before they bid. 
      • 18% is the site average and the most commonly charged rate. 
      • This rate is adjustable per auction. 
        • Most sellers stay between 10%-20%. Anything above 20% could detract bidders. 
        • AuctionNinja does NOT take a commission from the buyer's premium. 

         

        Next Step

        Go Back