TM FEE INCREASES

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Re: TM FEE INCREASES

Post by NZ Websites » Sat Jan 29, 2011 7:02 pm

http://www.nzherald.co.nz/nz/news/artic ... d=10703026" onclick="window.open(this.href);return false;
Items in the $200-$1500 range will be charged an additional $4.65, a raised flat fee of $15 plus 4.5 per cent.

This means a $200 sale will attract $24 in fees rather than $19.35.

An auction that sells for more than $1500 will be charged a slightly higher $73.50 flat fee plus 1.9 per cent - $2.40 more than before
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Re: TM FEE INCREASES

Post by dobby » Sun Jan 30, 2011 5:13 am

TM have commented on the news article:
The Herald on Sunday today published an inaccurate article about our upcoming success fee changes.

We want to reassure members that the Herald have many of their numbers wrong today – for example, the commission on a $1000 sale will go from $48.60 to $51.00, not to $118.50 as claimed in the article. Likewise, the claims about fees for items between $200 to $1500 are all inflated and inaccurate. It also casts some doubt on the accuracy of the poll they are running alongside the story online.

We’re pretty surprised by this article. The Herald is known for its standards, but this was shoddy reporting – the numbers were wrong and they didn't check them with us first. It was also disappointing that the article pushed a competing site without disclosing that the Herald’s parent company owns half of it.

It is Auckland’s regional holiday tomorrow, so perhaps they just got stuck into the bubbles a bit early!
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Re: TM FEE INCREASES

Post by angry » Sun Jan 30, 2011 9:39 am

if tm wasnt so obscenly expensive [-X they would not have the looming market share retention issues that they do. :grin:

Its WHEN tm cease to be dominant, not if.

in less than 9 months on sella i have sold several thousand dollars worth of goods, several times the value that i have on tm in several years. :smt041

sella is more efficient than t and e where i used to advertise and sell all my over $100 items.

t and e was better before it went completly electronic.

the day tm is knocked from its dominant market position will be a good day for the local consumer. \:D/

:smt065

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Re: TM FEE INCREASES

Post by ionet » Tue Mar 20, 2012 6:54 am

_

Hullo hullo hullo - the worms are biting in Motors again:

Trade Me Motors fee changes on the way



Written by Sharon and Dazzz in Motors at 1:59 pm, Wed 14 Mar


We wanted to give you a heads up that from 22 March we are making some changes to listing and success fees for selling vehicles on Trade Me. This includes cars, motorbikes, trucks, forklifts & pallet movers, go-karts, trailers and wrecked cars.

If you are selling a vehicle via a classified, the listing fee will change from the current fee of $29 or $39, to a new listing fee of between $39 and $59. The new listing fee will depend on the asking price as set out below:

- $39 for an asking price under $1,000
- $49 for an asking price between $1,000-$10,000
- $59 for an asking price above $10,000

Please note that if the asking price is increased, this may increase your listing fee. There is no success fee for classified listings.

If you are selling a vehicle via auction, the listing fee will change from the current fee of $29 or $39, to a flat fee of $39. A new success fee will be charged based on 1.95% of the sale price (with a maximum fee of $39). This will replace the current success fee of $15 for sales up to $1,000 and $39 for sales over $1,000.

Fees for promoting vehicles listings remain unchanged.


The 'Change' looks like it instead means in most cases an increase of $10+ in the fixed fee portion of things ;-)



M
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Re: TM FEE INCREASES

Post by Googlybear » Thu Apr 26, 2012 4:25 am

We're getting in touch to give you a heads up about an upcoming increase to the Pay Now fees paid by Top Sellers.

When we launched the Top Seller programme in September 2008, we decided to subsidise the 'merchant fee' charged by the banks, to make it easier for Top Sellers to experience the convenience of immediate integrated payments. This subsidy meant Trade Me incurred a loss, but successfully encouraged Top Sellers to offer a broader set of payment options.

We have recently reviewed the Pay Now service and decided we cannot continue to subsidise the merchant fees for Top Sellers. As a result, we will be aligning the Pay Now fee discount with the other discounts that apply to the Top Seller programme. We appreciate this isn't good news if you use Pay Now, but we believe this is a fair outcome.

At the moment, the fee paid by Top Sellers on Pay Now payments is discounted from 1.95% to 0.95% of the total purchase price - a discount of around 50%. From 7 May, the new fee paid by Top Sellers on Pay Now payments will be 1.65% - a discount of 15% on the standard fee. Normal sellers will continue to pay 1.95%.

Over coming months, we will also be developing and enhancing Pay Now. We expect this to include streamlining the payment transaction process, and moving Pay Now onto our mobile platforms so members can use it when buying goods from you on mobile phones and tablets.

If you have any queries, please contact the Top Seller team.


From the Top Seller team
How much longer before we end up paying the full Fee?

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Re: TM FEE INCREASES

Post by ionet » Thu Apr 26, 2012 4:55 am

_

Didn't take long for the hungry mice to appear enmasse at TM HQ, as everyone had thought
would happen very quickly;-)

Is it dividend or Salary review time for the team very soon ? ;-)

A pity the masses havent woken up to the fact that if they did a 'Farmlands style'
auction site operation themselves then they would all own it & the fees even better
could be a fraction of those on TM

Or if they didn't like that idea, they could even decide to:



TRADE FOR FREE


ON


SELLA




http://www.sella.co.nz" onclick="window.open(this.href);return false;


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Re: TM FEE INCREASES

Post by Googlybear » Sun Sep 23, 2012 10:11 pm

Now that Sam Morgan`s Dream has gone down the drain, it seems someone else has to pay for all the international bandwidth that Nigerian scammers are using on TM

http://www.trademe.co.nz/community/anno ... e-increase" onclick="window.open(this.href);return false;
We wanted to give you a heads up that from 1 October, our success fees for general items will be increasing. The average sale price for an item on Trade Me is around $50. This change will see the success fee on an item that sells for $50 increase by 20 cents.

We believe we still provide sellers with excellent value, and over the past year the number of visits to the site has grown by 18%. We’ve also invested in ensuring a strong presence across a growing range of platforms, and we now have five mobile sites and applications for interacting with Trade Me.

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Re: TM FEE INCREASES

Post by ionet » Mon Sep 24, 2012 10:48 am

_

We wanted to give you a heads up that from 1 October, our success fees for general items will be increasing.

The average sale price for an item on Trade Me is around $50. This change will see the success fee on an item that sells for $50 increase by 20 cents.

Breaking the increase down:


FEES INCREASE FROM 7.5% to 7.9%

We believe we still provide sellers with excellent value

Sella provide even better value - they still charge Nada = Zip = Nothing to sell without addons

We’ve also invested in ensuring a strong presence across a growing range of platforms

Correction: all those who sell on TM will be 'investing' / being stung in the tail harder for years to come

over the past year the number of visits to the site has grown by 18%.

The swarms of Window Shoppers must be having to visit more often to determine the increasing fees they are saving by selling elsewhere

;-)


Haven't TM seen there is a recession or hasn't the slow down in volume of items selling come through yet ? ;-)

Watch this space for the next chapter in "How to generate more revenue growth in hardening times" with new improved means of stinging the poor punters landing onsite ;-)


M
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Re: TM FEE INCREASES

Post by Foggyone » Mon Sep 24, 2012 6:41 pm

TM is probably the only Fairfax entity making a worthwhile profit.

I guess they see milking the cash cow as necessary. But the customers will only pay so much. As long as the magic line isn't crossed then the loot will continue to roll in.

As regards Sella, they are part of a competing media empire (APN), who are also struggling with declining sales and bottom line red ink (the Herald rejig is a move to try and reverse the trend). If Sella is not contributing to the pot in a meaningful way they won't stay the ccourse. The MSM is in a mess, and it will likely get much worse.

Therefore we can expect more developments with both these major players.
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Re: TM FEE INCREASES

Post by ionet » Tue Sep 25, 2012 1:41 am

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But alot of the so-called Massive Red Ink (aka we made a Loss and mustbe seen to be very poorly) seems to be in the write down of earlier year's "Grossly Overvalued Intangibles" resultant of what some might term convenient "Creative Accounting" rather than real trading red ink ;-)

How many Billions have both Fairfax and APN Empires written down against profits in recent years ?

Many would be surprised at the hefty extent of the writedowns and equally so by the earlier inflationary exercises that created the huge Invisibles "Assets" in the first place

If the ever spiralling Newspaper Advertising costs are any indication of real costs and what some might see as resulting in rapidly inverse decline in Newspaper advertisers happy to stump up such huge advertising costs - then the industry appears to be it's own worst enemy ;-)

Check the miserable state of some of the editions being passed off as a "Newspaper"

Many are a poor shadow of what was previously published and of the Titles they swallowed up or merged with, and content is another poor representation of what once was .. ;-)

No wonder many dont bother with the print breed of many of the publications ;-)

It's time there were more locally generated, locally owned papers to work & compete towards dispatching some of the excuses we currently see towards history and improve on sadly lacking content relevance.

Similarly a well branded reasonably priced Auction site model to make TM actually compete in the marketplace & put pressure on the ever increasing Fees and excuses to try to justify increases ;-)




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Re: TM FEE INCREASES

Post by digidog » Wed Sep 26, 2012 3:43 am

The NBR is carrying a story in which TradeMe claims that they had to put their prices up by over 5% because more people are using
their mobile app. What a load of old cobblers.

http://www.nbr.co.nz/article/trade-me-c ... -ck-129507" onclick="window.open(this.href);return false;

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Re: TM FEE INCREASES

Post by Foggyone » Wed Sep 26, 2012 3:51 am

The justification is pretty weak. I can see there is some development cost in the apps, and a minor rejigging of the site to cope with mobile (most of this would be covered by css, surely). Other than that it;s the gravy train as usual.

Wheedle couldn't have timed their startup better. Wonder if they knew something.
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Re: TM FEE INCREASES

Post by ionet » Sun Feb 10, 2013 3:42 am

_

The worms are biting again in TM Property:


Fees Changes on the Way for Trade Me Property



http://www.trademe.co.nz/community/anno ... e-property" onclick="window.open(this.href);return false;

We wanted to give you a heads up that from 18 February we are making some changes to Trade Me Property’s fees that will affect private sellers listing property for sale, rent or lease.

For sale and commercial leasing

The fees to list a residential, rural or lifestyle property for sale or a commercial property for lease will be increasing from the current flat fee of $299, and we are introducing two tiers.

Tier 1: The fee to list a residential, rural or lifestyle property for sale with a rateable value (RV) under $450,000 will be $349, until sold. This fee will also apply to all retirement village listings, regardless of RV.

Tier 2: The fee to list a residential, rural or lifestyle property for sale with an RV of $450,000+ will be $399, until sold. This fee will also apply to for sale listings without an RV and commercial property listings, until sold or leased.

Promotional fees are also increasing as follows:

- Feature - $99 (currently $69)

- Feature Combo - $129 (currently $99)

- Super Feature - $170 (currently $150)

- Super Feature Combo - $299 (currently $249)

For rent

The fees to list a rental property are also changing, and we are introducing three tiers.

Tier 1: The fee to list a rental property with an asking rent of under $400 per week will remain unchanged at $99.

Tier 2: The fee to list a rental property with an asking rent between $400 and $799 per week will increase to $129.

Tier 3: The fee to list a rental property with an asking rent of $800 or more per week will increase to $149.

Promotional fees will also increase as follows:

- Feature - $24 (currently $19)

- Feature Combo - $29 (currently $24)

- Super Feature - $70 (currently $55)

- Super Feature Combo - $99 (currently $79)

Note: No success fees apply.

Some quite hefty increased Fees wallops there for those poor targets ;-)


With an extra legion of hungry investor shareholders onboard replacing the ones who
fancied the cashflow, maybe this should have been expected ? ;-)



M


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The Other End of Fee Increases

Post by Foggyone » Tue Feb 19, 2013 10:57 pm

Trade Me profit exceeds forecast
Trade Me, the online auction site spun out of Fairfax Media in 2011, lifted first-half profit 2.7 per cent, beating the forecast in its offer document as its classified advertising rallied.

Net profit rose to $37.4 million in the six months ended December 31 from $36.4 million a year earlier, the Wellington-based company said in a statement.

That beat the revised forecast from its initial public offer of $34.8 million, and just short of Forsyth Barr analyst Rob Mercer's expected $38.1 million.

Earnings before interest, tax, depreciation, amortisation and depreciation climbed 14 per cent to $59.2 million, and revenue gained 18 per cent to $80.4 million.
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Re: TM FEE INCREASES

Post by ionet » Sat Apr 27, 2013 4:03 am

_

http://www.trademe.co.nz/community/anno ... as-changed" onclick="window.open(this.href);return false;


Trade Me Motors pricing has changed

April 9, 2013



We’ve made some changes to listing, success and promotional fees for selling vehicles on Trade Me. This includes cars, motorbikes, boats and other vehicles such as aircraft, buses, caravans & motorhomes, earthmoving machinery, horse floats, specialist cars, tractors, trailers, trucks and wrecked cars.

If you are selling a vehicle via a classified, the listing fee range has increased from the current fee range of $39-$59, to $39-$69. The listing fee depends on the asking price and pricing changes are as set out below:

- $39 for an asking price under $1,500 (was $39 for under $1,000 asking price)
- $59 for an asking price between $1,500-$10,000 (was $49 for $1,000-$10,000 asking price)
- $69 for an asking price above $10,000 (was $59 for over $10,000 asking price)

Please note that if the asking price is increased, this may increase your listing fee. There is no success fee for classified listings.

If you are selling a vehicle via auction, the success fee will still be charged based on 1.95% of the sale price (the maximum success fee has increased from $39 to $49). The listing fee remains at $39.

Fees for promotions have also changed as follows:

- Bold title, was $5, now $9
- Subtitle, was $5, now $9
- Highlight, was $10, now $9
- Feature, was $24, now $34
- Feature combo, was $29, now $39
- Super Feature, was $55, now $50
- Super Feature combo, was $79, now $89.

The extra toll at the gate for many areas/features above looks like it has had $10 added :shock:


M

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