A service fee is added to all products sold via Budi. The fee is added on top of the winning bid and therefore becomes part of the total amount you as the buyer pay.
Why is there a service fee?
The service fee covers our costs for handling, administration, and the service we provide in connection with the sale. This helps us ensure a safe and smooth buying experience.
How is the service fee calculated?
The service fee is set in relation to the market value.
At Budi, the service fee can be calculated in two different ways depending on the item: fixed or dynamic. The applicable model is stated on the item page for each specific item.
Fixed service fee: Some items have a fixed service fee that is the same regardless of the winning bid. This fixed amount is not affected by the bidding itself.
Dynamic service fee: For some items, the service fee is calculated as a percentage of the winning bid, with a minimum amount. This means that the higher the winning bid, the higher the service fee will be - but it will never be lower than the minimum amount.
The higher the value of an item, the greater both the legal and financial responsibility associated with the sale.
Within the auction and brokerage industry, it is standard practice for fees to be determined as a percentage or as a fixed amount based on the sale price or market value. Higher-valued property carries a somewhat higher fee, reflecting the increased complexity, risk, and responsibility involved in handling more valuable items.
Is VAT added to the service fee?
Yes, 25% VAT is always added to the service fee.
When and where can I see the service fee?
The service fee is displayed when you are logged in to our website. We always show the fee clearly before you place your bid - so that you know exactly what the total price will be.
Examples
Example 1
Scenario: You win an auction with a bid of 1,000 SEK
- Service fee percentage: 16%
- Minimum service fee: 195 SEK
Calculation:
- Percentage-based amount: 1,000 SEK × 16% = 160 SEK
- Minimum amount: 195 SEK
- Since 160 SEK < 195 SEK, the minimum amount applies
- Your service fee: 195 SEK
In this case, even though 16% of your bid would only be 160 SEK, you pay the minimum amount of 195 SEK.
Example 2
Scenario: You win an auction with a bid of 10,000 SEK
- Service fee percentage: 16%
- Minimum service fee: 195 SEK
Calculation:
- Percentage-based amount: 10,000 SEK × 16% = 1,600 SEK
- Minimum amount: 195 SEK
- Since 1,600 SEK > 195 SEK, the percentage-based amount applies
- Your service fee: 1,600 SEK
In this case, the percentage-based calculation results in a higher fee than the minimum amount, so you pay 1,600 SEK.
