AUCTIONING VEHICLES PAYS OFF FOR MULLICA

Article in the Press of Atlantic City somewhat better explains the auctioning off of the vehicles on www.govdeals.com.

There is still the matter of listing fees, as well as the charges Paypal charges to handle the money transaction, in which Kathy Chasey stated the township will open a Paypal account for these types of transactions. Ms. Chasey stated "We plan to set up a Paypal account so the 7 percent is paid directly by who purchases the items.". However Paypal will still charge the Township a percentage of the selling price, plus an additional flat fee for handling the money for them. Paypal has to make money too. Final value fees (what the item sold for) also goes to www.govdeals.com as their payment, as they have to make money also.

What the items sell for and what money actually comes in to the township after listing fees, final value fees and Paypal fees will be a different story. It's still a great idea, reaching out to people across the internet versus just those coming to the township for the auction. One can assume buyers from out of the area will have to pay transporting the vehicle to themselves. For more on the story, see the article in today's Press linked here.