From 6 May, Sedo has dropped the minimum fee they charge when domain names are sold through the aftermarket platform, as well as lowering the minimum bid required to $20 from $90.
Previously there was a commission of between 10% and 20% of the sale price on each domain name sold, but there was a minimum fee of $60 charged on all sales. The sales fee is paid by the seller.
The change should encourage more people to sell domain names, particularly those that aren’t likely to attract high prices.
Sedo give 3 examples of how the changes will benefit sellers for a domain name that sells for $100.
Where a domain name has a Buy Now price and was parked at Sedo and the buyer came from the Sedo platform, the seller of a domain name that sold for $100 would previously have paid Sedo $60 commission, but now the commission on the sale would be 10% meaning the seller will gain an extra $50.
Another example given is where a domain name was bought through a negotiation or via auction on the Sedo platform: There is only 15% commission, so $15 would be payable to Sedo and the seller earns $85. With the minimum fee eliminated, the seller keeps $45 more.
The third example is where the buyer comes from a SedoMLS partner site. There is a 20% commission or $20 with the seller earning $80. With the minimum fee eliminated, the seller earns $40 more.