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03|17|2009 11:12 am EDT

Bido.com Introduces Reserve Auctions

by Frank Michlick in Categories: Up to the Minute

According to a newsletter sent to its members today, Bido has started accepting auction submissions with a reserve. The person listing the domains for sale pays a fee of 3% of the reserve price, in order to continue to encourage low reserves. If the domain name does sell, the 3% fee is credited towards the 8% comission on the sale.

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