GunBroker Info

[TackDriver284]

I am learning on how to sell some gun stuff on GunBroker. If selling on Gunbroker, how does GunBroker collect fees from the buyer after sales? Does those sales also add more fees to the seller from PayPal and after taxes to the IRS? I would have to adjust the selling price after adding up the fees to offset it, otherwise the seller loses more out of pocket.

 

[RL338]

I’ve never sold on GB , but this how they describe their seller fees. I believe they handle the sales tax collection , I could be wrong on that. I know shortly after they had to collect sales tax , they started charging a 1% buyer fee.

 

[salmonchaser]

I haven’t sold any on gun broker but I have purchased a number of guns off gun broker. I typically use USPS money orders. I also worked with an outfit out of Wyoming, Lock Stock and Barrel, to sell my late brother in laws guns, ammo, holsters, slings and other shooting accessories. LSB sells on Gun Broker. My experience is if you list a gun at full retail price, unless it is highly collectible, you’ll be lucky to sell it. If you list it to start at .01 it probably will sell for what it is worth. In the case of my BIL estate there were well over 100 guns. I had researched every one of them and had a blue book figure in mind for all of them. I added a couple from my safe as well that needed to go. They all started at one cent, two weeks later they all sold. All except six as I recall sold for more than I had valued them. Some of the guns were very actively bid on, others were just routine type guns. If I ever decide to sell any more I’ll list them to start at one cent and be done with it in two weeks.
I would also separate the optics from the rifle, sell them separately.
I’ve been watching night force and Leupold scopes of late on Gunbroker. Surprisingly they are selling for more than I would pay with my guide discounts.

 

[TackDriver284]

Thanks guys for the write up. Good info