S
SedoCoUk
Guest
Hi Everyone!
We received a lot of inquiries and concerns from bidders who said they never submitted an offer because of confusion about the price of the domain they were bidding on. In fact we received so many requests for currency conversions and the option to bid in US$ opposed to Euros or Pounds Sterling opposed to US$, etc. that we developed some new options for such bidders. We're hoping that this will increase the number of offers our sellers (you guys) see accross the board.
This new feature will be online tomorrow (Tuesday).
Bidders will be be able to see what a price translates to in the currency they're familiar with and submit new offers in the currency they prefer.
Sales prices in US$, Euros and Sterling will be transalted according to the daily rate for these bidders and they will be able to submit an offer in a different currency, if they so choose, which will automatically be translated for the seller.
For example if someone lists their domain at 9000 GB Pounds, American bidders interested in the listing will be able to see that is equal to 15,738.5 US$ and can submit an Acceptable offer in US $. Which will automatically be transalted to pounds for the seller.
All the same constraints will apply, ergo, bidders won't be able to get under a 900 Euro minimum offer by bidding 900 US$. It will be explained that they will have to meet the 1,095.96 US minimum (according to the daily rate) to submit their offer.
Hopefully this will give bidders the transparency they've been asking for and you'll see even more offers.
Brad
brad@sedo.com
We received a lot of inquiries and concerns from bidders who said they never submitted an offer because of confusion about the price of the domain they were bidding on. In fact we received so many requests for currency conversions and the option to bid in US$ opposed to Euros or Pounds Sterling opposed to US$, etc. that we developed some new options for such bidders. We're hoping that this will increase the number of offers our sellers (you guys) see accross the board.
This new feature will be online tomorrow (Tuesday).
Bidders will be be able to see what a price translates to in the currency they're familiar with and submit new offers in the currency they prefer.
Sales prices in US$, Euros and Sterling will be transalted according to the daily rate for these bidders and they will be able to submit an offer in a different currency, if they so choose, which will automatically be translated for the seller.
For example if someone lists their domain at 9000 GB Pounds, American bidders interested in the listing will be able to see that is equal to 15,738.5 US$ and can submit an Acceptable offer in US $. Which will automatically be transalted to pounds for the seller.
All the same constraints will apply, ergo, bidders won't be able to get under a 900 Euro minimum offer by bidding 900 US$. It will be explained that they will have to meet the 1,095.96 US minimum (according to the daily rate) to submit their offer.
Hopefully this will give bidders the transparency they've been asking for and you'll see even more offers.
Brad
brad@sedo.com