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Full-feature E-commerce
Built from the ground up, ReefnBid has everything you need to start selling.
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Secure and Reliable
We use Stripe, an industry leading payment processor used by companies such as Amazon, AirBnB, and Microsoft.
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Game Changing
Features such as AutoPay, Second Chances, and Batch Create make auctions easy and enjoyable for buyers and sellers.
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Low fees
Free to list. Pay 9% when your coral sells. First month is free. Marketing is free.
Become a Seller
Selling on ReefnBid is a great way to reach thousands of hobbyists that are looking to buy your corals. Our hobby-specific auction platform brings in the laser-focus target audience you will not get on any other similar platforms. Whether you're a seasoned seller or just starting out, ReefnBid.com provides the tools and support you need to successfully sell.
We are proud to have built a full-feature e-commerce auction marketplace that includes game-changing features in the online auction space, such as AutoPay, Second Chances, and automatic add-to-cart to make it easy for customers to checkout their won items and reduce the rate of non-payment. Sellers can also save time and effort using Batch Create to list multiple items at once. In addition, we have added post-transactional support tailored for livestock shipping making it easy to manage and fulfill orders, including integration with ShipStation if you choose to use it.
Setting up your shop is easy and straightforward. Simply create an account, connect your bank account, list your products, and you're ready to start selling. We offer free listings, free marketing, and low fees — unlike other platforms!
We are committed to supporting our sellers, by offering resources and tips to help you optimize your listings, improve your photography, and market your products effectively. To make it even easier, we handle the payment processing and provide secure transactions, so you can focus on what you do best – growing corals.
Frequently asked questions
How much are the fees?
Free to list. Pay 9% when your coral sells. First month is always free.
What payment processor do you use?
We use Stripe, an industry leading payment processor used by companies such as Amazon, AirBnB, Uber, Toyota, and Microsoft. Some key benefits of Stripe include:
- Stripe is a PCI Level 1 Service Provider, the highest level of certification available in the payments industry. Stripe meets all 12 PCI DSS requirements and sub-requirements, and has been independently audited.
- Stripe has CBPR and PRP certifications, which demonstrate that its privacy practices comply with these systems.
- Stripe complies with the U.S. Data Privacy Framework, the UK Extension to the EU-U.S. DPF, and the Swiss-U.S. Data Privacy Framework.
- Know Your Customer (KYC) and Know Your Business (KYB) - Stripe requires users to provide proof of their identity and address when they sign up for an account. Stripe also monitors transaction patterns to help prevent money laundering and other fraudulent schemes.
- Stripe's Privacy Controls and Cookie Solution comply with the ePrivacy.
Who is behind ReefnBid.com?
ReefnBid.com is made by Pieces of the Ocean (POTO) entirely from scratch to solve many pain points of running online auctions over the years. We believe that by bringing reputable sellers together on the same platform, we can offer more selections to the hobbyists, entice a larger audience to participate, and this increase in exposure can greatly benefit the sellers. A rising tide lifts all boats.
Will I make money?
Simply put, sellers on ReefnBid average higher selling price per item over eBay, while facing substantially lower fees and lower rate of non-payers. In the rare occasions that your corals don't sell, they are automatically added to Second Chances where the public can purchase at the winning bid. There is also the opportunity to upsell and build future relationships with your customers.
Here are some suggestions to ensure a successful seller experience:
1. take good photos;
2. ensure photos show an accurate representation of the corals;
3. post regularly to encourage repeating customers;
4. have a variety of selections;
6. provide good customer service to your customers;
Will auction devalue my reputation?
1. ReefnBid's creator is POTO, known for their obsession with quality and dedicated customer service. If POTO felt that auction would devalue their image, they would not commit so much of their resource to building ReefnBid. A company's reputation is built on the products you offer and the way you present them to the public, and from how people have come to know you over the years. ReefnBid is simply an extension by which your products are presented to an even bigger audience.
2. The concern for undervaluing items on auction comes from the lack of an audience. By bringing sellers together, this is no longer a concern due a larger selection for the public to choose from and each seller bringing their own following.
3. Many high ticket assets and collectables in the world are sold in prestigious auction houses. The selection you offer on ReefnBid will reflect on the collection and quality you hold in your catalog, and the sale price will reflect accordingly. It is not uncommon for highly coveted items on ReefnBid to sell for more than the asking price when well presented.
4. Sellers on ReefnBid are held to a high standard of service. To maintain an image of quality so highly regarded by the creator, ReefnBid reserves the right to suspend listing from sellers that do not meet our requirements for quality and customer service.