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Author Topic: Coingig raising fees to 5%?  (Read 325 times)
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December 03, 2013, 06:04:09 PM
 #1

this is a little insane...
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December 03, 2013, 06:48:36 PM
 #2

For reference purposes:

We will be increasing our Seller Fee from 2.5% to 5% on December 15, 2013
 

After many months deciding on this increase we believe that it is one that we need to be able to provide the best infrastructure and support for our users. The fee might be a little higher than our original 2.5% but this extra will allow us to expand incredibly by being able to hire more programmers, more customer support reps, expand to bigger servers, and increase our marketing budget to help reach a bigger audience so the products in our inventory can sell faster and bring in more bitcoins in our sellers’ wallets.

As some of you have seen, we have already started to implement many features that were requested.

-We now use the Coinbase API to collect payments when buyers purchase products that provides a faster and safer process.

-Sellers will soon be able to get paid faster upon buyer confirmation.

-Products will now become more socially compatible with major networks to help reach more customers.

-We will provide a better and more advanced messaging system.

-Product Batch Upload will soon be complete so hundreds of products can be uploaded into our inventory instantly.

-Our servers are now 10 times faster than before to provide the best up-time.

And we are now working even harder to fix all the bugs and issues that are reported to us.

We truly believe this will be a step in the right direction that will help us expand Coingig and have it become the real leader as the Global Marketplace.

The fee will become active on December 15, 2013 and we will guarantee to exceed everyone’s expectations.

Thank you all and happy shopping!

Source:http://blog.coingig.com/we-will-be-increasing-our-seller-fee-from-2-5-to-5/

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December 03, 2013, 06:50:22 PM
 #3

2.5% to 5% is quite a jump. BUT if its as good as they say its going to be, it will really drive alot of buyers and seller hence making that 5% worth it. Only time will tell. What i am curious about and nothing was mentioned in the blog article is: How long will they be implementing this 5% fee. Is this projected to be permanent or what?

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