Alex L. Goldfayn of the Chicago Tribune writes this article about whaBam!, a new auction site that offers sellers some new options:
“It basically provides people with a low-cost alternative to the auction space,” Niazi said. “Most sites charge you to list an item, but we actually charge you nothing until your item sells, and then we only charge 1 percent of the sale price, which, as far as I know, is the lowest fee out there.”
While the site has only a tiny fraction of the listings of eBay (a recent search of the “books” categories revealed 10 listings on WhaBam compared with about 604,000 on eBay), Niazi said his auction site is maturing quickly.