At BPI, we’re always looking for ways to improve our buyers’ experience. After carefully reviewing feedback from our recent buyer survey, one key area for improvement became clear: buyers wanted a simple way to calculate the total cost of their winning bid. To address this, we are excited to introduce the BPI auction fee calculator.
What is a fee calculator?
The fee calculator is a straightforward tool designed to provide buyers with complete cost transparency. By simply entering their winning bid and the buyer’s premium percentage, users can instantly see the total amount they will pay. This ensures that buyers can confidently bid, knowing exactly what their final cost will be before committing.
Why did we develop this tool?
Our buyers told us that one of the biggest challenges they faced was working out the final price of their purchases. Auctions can move quickly, and understanding the full cost, including the buyer’s premium, can sometimes be confusing. With the new fee calculator, we are eliminating uncertainty and giving buyers complete clarity at the moment they need it most.
How does it work?
Using the calculator is simple:
• Enter the amount of your winning bid.
• Input the buyer’s premium percentage.
• Instantly see the total cost, including fees.
The benefits
• Increased transparency: know exactly what you will pay before placing your bid.
• Better budgeting: plan your purchases more effectively with clear cost insights.
• Faster decision-making: quickly calculate your costs during a live auction.
• Improved buyer confidence: eliminate uncertainty and bid with complete confidence.
We are committed to making our auction the best platform for our buyers, and the fee calculator is just one of many innovations we are introducing to improve their experience.
