Either way the buyer pays no fees. The vendor's fees are determined by a set schedule according to the price of components. It averages somewhere around 2.5 to 2.8 percent of the transaction value. Both buyers and reseller-venders have to become members of the site before they can participate in the auction. The reason for that is IT assets are very strategic and a company would not want anyone to know what they are buying.
Credit scoring is updated automatically online in realtime.
Sellers' credit is also monitored. One of the things we are offering to the buyers is that we are screening all the sellers for them and managing them. As former president of an independent reseller, I know all the players anyway. Even though membership is free, we have universal terms and conditions, so everyone understands all of the business rules of being part of this site. One of the rules is that each member must maintain the right to be a member through performance as either a buyer or vendor.