Auction-style listings allow potential buyers to bid on your item(s), once the time limit has expired, your item(s) will be sold to the highest bidder. Auction-style listings are best when:


  • You want the marketplace to determine the value of your item because you are unsure of it’s monetary value. 
  • Your item(s) are rare, unique, collectable or in high demand. These types of items can easily start bidding wars and in turn maximize your listing’s profits. 



Setting the starting price for your auction will determine the minimum amount required to start bidding on your item. Take note that prices are in Canadian dollars.




Setting a Reserve price on your item provides you the guarantee that if your minimum price is not met during the bidding process you are under no obligation to sell your item. 





The duration of your auction can be 1, 3, 5, 7 and 10 days.





You can also make it possible for bidders to purchase your items immediately. 





In order to allow bidders to buy your item right away you will be required to enter a buy now purchase price.





Fees



  • Sold item(s) are charged a fee in the form of a percentage of total transaction amount. Visit the selling fees section for a breakdown of fees by category.  
  • Unsold items are exempt of fees unless you have opted to enhance your listing with our upgrade options.  
  • Unsold items are allowed to be relisted free of charge by creating a similar listing. 
  • Setting a reserve price will automatically incur fees. Fees are as following: 
    • If your reserve price is more than 0.01$ but less than 50.00$ you will be charged a flat fee of 1.00$ 
    • If your reserve price is more than 50.00$ your fee will be 2% of your reserve price up to a maximum of $50.  
  • Optional listing upgrades are subject to supplementary fees, visit the listing upgrades section for a breakdown of the fees.  



Invoicing


  • Invoices are sent out the 1st of each month. 
  • Payments are due in full 30 days from the date of invoice. 


Cancelation


To cancel your listing you must select the "Cancel and Archive" option by clicking the "Actions" button in your Swappy account homepage.





The grace period for cancelling your listing free of charge is set at 3hours. The 3hours is calculated from the moment you’ve submitted your listing.