Belt Auction

ebay live auctions question..pelase answer if u know?

there is a high priced item i want to bid on ebay, but it is in the live auction format. im new to this type of auction and i read the ebay help pages for live auctions too..but i dont totally understand. the seller said, if i win the auction i will be charged 15% premium of the final fee..thats how i understodd it anway. so in simple terms, is this extra fee the only difference between live auctions and normal auctions..from a financial point of view? im worried i might end up paying too much for not reading the terms and conditions or something like that. im nervous on bidding.

Public Comments

1. the seller said, if i win the auction i will be charged 15% premium of the final fee.. Meant : Winning bid price $10 Final fee 15% : $1.50 (seller use to offset the ebay & paypal) Total : $11.50 Postage fee : Subtotal :
2. My knowledge of ebay is that the seller pays the fees. When buying I have always paid the price it was bid up to plus the shipping cost that is usually posted. When placing a bid you can say what is your maximum bid and they will just bid you up to that point and you may get it for less and you may not. They will notify you when you are out of the bidding. If the seller is tacking on an extra 15% I don't think they can do that. I would check with ebay.
3. Personally, I don't like the live auctions on ebay. First of all they are almost always overpriced. You have to pay the bid amount, plus the premium, plus shipping and usually a handling fee as well. You also have to pre-register before you bid, which is a pain. Then you have to trust the auction house to be legit...who knows what the house bid really is? I would wait until the same item is on a regular ebay listing if it were me.