New Chrono24 sales fee 5%

bgrisso

Apologies if this is already covered in another thread, but it appears this month C24 has started adding a new 5% sales fee onto US sales, to be paid by the buyer.

I've bought a few watches from them over the past few years, and was just looking at another, and was surprised to see this new fee.

Going to make it tough on sellers, I expect many buyers will want the sellers to absorb the new 5% fee on their end, unless they are getting a really good price. In my experience the margins are usually quite tight to begin with, and there is not much room for the buyer or seller to add another 5%, on top of the fact that for me in CA, I'm also looking at nearly 10% CA use tax, etc.

bgrisso

This is just for the USA market, not anyone else

Dan S

My feeling is that the nominal payer of the fee really doesn't matter in the long run, what's more important is the total amount of all fees and taxes. On eBay, sellers pay the fees, at auctions, buyers pay the fees (or mostly, at least). If seller and buyer both understand that there are fees, they will be priced into the deal one way or the other. An agreement must be reached, so neither has complete power to pass it off to the other. Ultimately, this will just make it harder to do deals on C24.

ashirani

Has anybody ever went around chrono24 and dealt with a seller through paypal?

ashirani

It seems like it would be a win win for both parties.