Removal of free 1 day listings
Today we have removed 1 day auctions from the standard listing options. Our research shows a very low sell through rate - less than 5% - for auctions listed for 1 day and some excessive use of short auctions by larger sellers.
Sellers can still schedule the end-time of their auctions for as little as 6 hours, although any scheduled listings incur a 25 cent fee.
Pricing for rental listings and withdrawn auctions
The fee for listing a rental property on Trade Me has increased from $29 to $49. You can continue to relist it as many times as you like for free. No commissions or success fees apply. The price for listing properties for sale is unchanged at $149.
We have also changed the fee for withdrawn listings from $2 to $3 for general auctions listed from today onwards.
Sell Process Fix
We have fixed a bug that mistakenly allowed Auctionitis to load 6 and 12 hour listings. If you use Auctionitis please make sure that all non-scheduled auctions are at least one day long and that your listings load correctly.
Google ads trial
We are experimenting with small text based advertisements at the bottom of our search and browse pages. We expect the trial to last for about a week.
Announcing Pay Now
This morning we've launched Pay Now - a convenient way for our busier sellers to accept online credit card payments and to provide buyers with an even better buying experience.
For buyers, it means a quick and simple way to buy - Buy Now, Pay Now and you're done - all without leaving Trade Me. No internet banking or unnecessary emailing back and forth with the seller.
For sellers, it should mean more sales, easy reconciliation of payments and happier customers. Once the buyer has paid, we send you one email containing their delivery address and confirmation of payment. You can ship right away. More...