TerrecomAuctions.com Sellers Guide

Selling Items on TerrecomAuctions.com

This page outlines the process of listing items for sale, and managing your listings during and after the sale. Our site features software that has many extra features that will allow you to easily manage and promote your listings.

Listing Fees and Commissions

The following fees apply when listing and selling an item on TerrecomAuctions.com.

Listing Fees

• There is no Insertion Fee to List an Item.

Commissions

• A commission of 3% is charged on the first $500.00 of the Purchase Price,
• a commission of 2% is charged on the amount of the Purchase Price between $500.00 and $2500.00,
• and a commission of 1% is charged on the amount of the Purchase Price over $2500.00,

Enhancement Fees

• The fee to use a Reserve Bid for an auction is $1.00.
• The fee to feature the auction on the Main Page is $3.00
• The fee to feature the auction in the Lisiting Category is $1.00
• The fee to display the listing in BOLD text is $0.30
  
• The fee to display the listing with an Arrow is $0.50
  
• The fee to for a private auction is $5.00
  
• There is no fee to uploaded images for a listing

Your Account:

In your My Account screen you may view any fees that are due for your activity on the auction site. You will be invoiced monthly on or about the 1st of the month. Payment instructions will be included with your invoice. All seller fees will be invoiced on a monthly schedule.

Listing an Auction Item:

Items are listed in your members area, and may be listed in one of 2 methods. You may list items individually with the List Item link, or you may also upload multiple auctions at once in the Seller Tools section. For uploading auctions, see the separate instructions.<

Each auction item contains for following information:

Category:

Choose one category from the drop down list in the List Item form, or provide the category number in your upload file. If  you would like an additional item, you may request it from the admin.

Title:

Accurately describe your item with a title that can be up to 120 characters long. Good titles will attract attention and help to SELL your item!

Quantity:

Either 1 or more items may be sold at the same time. Multiple quantity (Dutch auctions) must be for the exact same item.

Description:

Your description is most important to describing your item and answering potential questions for the buyer. HTML is acceptable.

Images:

You may upload as many images as you need with the List Item form, or link to an image on another website by providing the complete URL to the image. When linking make sure to use a complete URL beginning with http://. If you aren't sure of your image URL, copy what you have typed into a new browser window and see if your image appears. If it doesn't, check your path and file name, as they are case sensitive in most cases.

Starting Bid:

The Starting Bid will start the bidding on an auction, and the item will be considered sold if a bid is received for this amount, and no reserve bid is set.

Reserve Bid:

This is optional and left blank for Non Reserve or Regular auctions. Bids will be accepted at the Starting Bid, but must reach the Reserve Bid to be considered sold.

Buy Price:

Not available with Dutch Auctions. This amount must be at or higher than the Starting Bid, and if a bid reaches this amount it will end the auction immediately and the item will be considered sold.

Shipping and Payment Terms:

Boxes are provided for you to enter your Shipping and Payment Terms. HTML is accepted here. You may also set defaults for this form in the Settings and Messages sections of the Seller Tools menu.

Ending Time:

You may select a day and time your auction will end from the drop down box on the List Item form.

Featuring and Extras:

You may increase the exposure of your auction item by Featuring the auction, or adding bold text for display. Additional fees will apply.<

Saving and Starting Auctions:

As soon as you complete Step 1 of the listing process, your listing can be found in the Pending area of the My Listings Menu. Pending Listings are available for 14 days.

Once you have completed the listing form you may start your listing immediately, or start the auction later from the Pending Auctions link in the My Listings Menu.

Settings and Messages:

As mentioned above you may set your default Shipping and Payment terms in the Settings and Messages section of the Seller Tools menu.

Also found in this area:

• Add your PayPal Email Address to accept PayPal payments automatically.
• Add a note to explain shipping and payment policies to be inclusded in the winning bid notice.
• Add information about what you do and who you are for inclusion on your Members Page.
• Block Members from bidding on or purchasing your items.

When Your Auction Ends:

When your auction has ended notices are sent out to winning bidders immediately. When all of your auctions have ended, or your buyer has completed their buying, you can send a combined invoice through the Checkout system. To do this, follow the link provided in the Sold Item email, or use the Sales Tracker in your members area.

Sales Tracker/Invoice Area

Any listings that are sold and not invoiced can be found in the Sales Tracker. In this area you can see which sales need to be invoiced. Once an invoice has been sent, you can access invoices for sending notices and leaving feedback in the Invoices for Sales section.

Relisting Auctions:

An auction may be relisted once it is over and notices have been sent. From the My Listings menu choose one of the Closed Auctions links. You may view your sold and unsold auctions here, and relist in groups or individually.

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