Onlineauction.com Review – Is Onlineauction.com a Scam
- OnlineAuction.com (OLA.com) was originally the idea of our
founder, Chris Fain, a successful real auctioneer and online auction Power Seller. To improve the online
auction experience, Mr. Fain formed a team of both professional online auction users and real Auctioneers.
This team is proficient in both real auction marketing and online auction methods.
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The Onlineauction.com review shows that there is a flat rate of $8 membership fee every month
for sellers and $4 a month for buyers. This will increase the potential profit of the seller while paying
just a small amount for their membership. Aside from low monthly fees, there is no listing or re-listing
fees. Another edge is that the website does not have sales commission. You also have the freedom to post to
your website the information for every listing.
Subscription Price: $8
Number of Listings: over 10,000,000
Types of Auctions:
Seller has the choice to list their auction with or without entering a minimum bid amount or an
equal or higher reserve price. The item is sold to the high bidder meeting or exceeding the seller's
established item sale price at end of auction duration.
Bidder will place a proxy bid. Acceptable bids meet or exceed the seller's minimum bid amount.
Winning bid meets or exceeds the seller's reserve price.
Seller lists their auction without entering a minimum bid amount or reserve price. This means
the item is absolutely going to sell to the high bidder at end of auction duration. Bidder will place a proxy
Sealed Bid Auction
Seller has the choice to list their auction with or without entering an optional reserve price.
Bidder places a sealed bid, the amount will not be displayed. The item is sold to the high bidder placing the
winning sealed bid meeting or exceeding the seller's optional reserve price. Sealed Bid auctions display the
current number of bids received. The winning sealed bid amount is displayed at end of auction
Fixed Price Auction
Excellent for instantly buying or selling single or multiple items. No need to wait for the end
of auction. Since the seller has already established the price, all you need to do is enter how many you
want. Remaining item quantity is then displayed, reducing with each bid.
Seller lists from 1 to 1,000 identical items in one auction, entering a fixed bid amount for
each. The items are sold instantly to one or more winning bidders.
Bidder is an instant auction winner by entering their desired item quantity. Fixed Price
Auctions display the Fixed Price for each item and quantity remaining. Auction ends once item quantity is
depleted, or at end of auction duration.
Seller lists two or more identical items in one auction, entering a minimum bid amount. The
items are sold to one or more successful bidders at end of auction duration.
Bidder meets or exceeds the sellers minimum bid amount, also entering their desired item
quantity. The high successful bidder is reserved their desired item quantity at end of auction duration.
Remaining item quantities are passed down in order of bid amounts. All successful bidders pay the same final
item price as determined by the low successful bidder. Bidding ties are decided by the earlier bid taking
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· Toll-Free: (800) 900-2828
· General questions about OnlineAuction.com: firstname.lastname@example.org
· Questions regarding your account, payments, or any other billing issue:
· Questions or to report suspicious behaviour/fraud: email@example.com
· Send your comments and suggestions: firstname.lastname@example.org
Bonuses: Not applicable
Free search- Freedom to post personal website information with every listing
Customer feedback from other sites:
“This site is easy to use, very easy to list. I have had some success selling on this site;
can't beat $8.00 a month and no final value fees; site could use a few improvements, such as with
invoicing, and a buyer tutorial, but otherwise it's a pretty good site for selling and buying. And it is
easy to reach a real person, by email or phone, if there is a question or problem.” Auctionbytes.com
“Looks legit to me. Check out their payment instructions and see how they handle disputes.
Make sure they have a safe way to pay without exposing your personal info.” Yahoo