Sunday, August 7, 2011

Listia - Viable Ebay Alternative?

Listia is a great place to find good quality coins which are basically free. They have just celebrated their 2nd anniversary and are becoming pretty well established. It's pretty much an ebay clone minus the corporate greed. It's not quite as user friendly but once you get used to it's quirks, peculiarities and limitations it is great. I've been using it to trade coins and other collectables for a while now and I'm very favourably impressed.

First of all there are no fees to buy or sell, they make their cut by selling points. Points are what you use to bid with. Now here's the really neat part, you get a sign on bonus using the link below, of 400 points (to buy 400 points would cost you $20). Most of the coins have free shipping so you can pick up a nice piece for free. It gets better, by the time you have done the tutorial, linked to Twitter & Facebook, place a bid or two, listed your first item, you should have around 750 points. That's an awful lot of free bidding power.

http://www.listia.com/signup/678498

Coins are listed as a sub-category of "Collectables". If you intend to list a few items, then offer free shipping. That way no money changes hands and you are not going to be liable for the $30 PayPal charges you for fraudulent chargebacks. Listia is becoming more and more established (I don't think the generous sign on bonuses will be around once they get a bigger user base) and if they begin to eat into ebay's market, then the ebay management might start cutting their inflated fees, dealing with the fraudulent listings and protedting honest sellers. It's a win/win for coin collectors.

I have no idea how practical Listia may be for non-US users at the moment. Many of the coins offer free shipping to the US only but some ship internationally. As you can't use your points to pay for shipping you will either have to add this to the calculation or find sellers in your own country.

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