A fee that is passed on to the buyer to cover the seller's costs associated with an auction. In addition to the winning bid amount of an item, a seller may charge a fee, ranging from 1% to 10%, to the buyer (there is no charge to add a buyer's premium). The Buyer's Premium feature can be selected in the sell an asset process and will be displayed in the auction listing.
Please note: The Seller is responsible for collection of the Buyer’s Premium from the Buyer. Failure to collect the Buyer’s Premium does not offset the Seller’s responsibility to pay fees to Bid4Assets.