Before you register as a Member, let us explain what makes Count-Down different from other eCommerce platforms?
All active Members, whether Buyers or Sellers, have had their credentials reviewed by Count-Down to try to ensure that everyone is trustworthy. As an example, there should be no risk for local pickup, as CDM has the credentials of the buyer and correct behavior in the transfer of the items sold should be expected, as no CDM trader can hide their identity.
All CDM transactions are managed through the Count-Down $ecure-$ale trust system. The Buyer’s funds are held by CDM until the goods have been delivered. Only when goods are accepted as being ‘as described’ are the funds released to the Seller. This way, both the Buyer and the Seller are protected; the Buyer knows that the chance of being cheated is eliminated and the Seller knows that they have to be scrupulously accurate in describing the sale item and also that the funds have been properly secured and will be credited to their account in the fastest and most economical way, thereby securing a Good Deal For All.
The innovative way the Count-Down $ clock sets the final selling price makes CDM unique in the eCommerce world. After the item has been on display in the SHOWCASE for the number of days the Seller specified in the listing and the item Did Not Sell at the Listed (Dream) Price, then the item’s CDM $ Clock starts ticking down small amounts, say $1 every 2 seconds, until a Buyer hits the MAKE IT MINE button, (the actual amount that the clock ticks down every 2 seconds is calculated by the system, based upon the listed price, the reserve price and the length of clock running time selected by the Seller). If no one buys the item, the clock will stop at the Reserve Price and stay at that price until Midnight and if not sold by that time, the item will disappear or be re-listed if the Seller had checked the AUTO-RELIST box in the listing. If the item has no Reserve Price, the clock will continue to tick down to $2, where it will stay until Midnight and if not sold for $2 by that time, the item will disappear or be re-listed if the Seller had checked the AUTO-RELIST box in the listing.
Our Fees are very low:
There is a payment processing fee charged to the Seller of 3.5% for all sales on credit cards.
CDM commission fees to the Seller are 3% of the selling price, the Buyer's Fee is 2% of the selling price and the Reserve Not Sold Fee is 0.5%. The details of the commission rules are as follows:
When an item sells, CDM withdraws money from the Buyers account amounting to 102% of the sale price, that being the actual amount of the sale plus the 2% CDM Buyer’s commission, see below for notes on Maximum Fees. These funds are held by the CDM $ecure-$ale system until delivery and condition are acknowledged as good. After the Buyer confirms delivery and condition, CDM credits the Seller’s CDM internal account with 97% of the sale price, that being the actual amount of the sale minus the 3% CDM Seller’s commission, unless there was a Reserve price set, then the credit is 97% plus the amount already deducted for the Reserve, as CDM has already charged 0.5% at the time of listing and if an item sells, CDM does not charge the Reserve Fee (unlike most other eCommerce companies).
Please note that there are limits to the fees charged of a maximum $250 in all 3 normal cases (Selling, Buying and Reserve).
When an item is listed with a reserve price, the Seller is charged 0.5% of the reserve price (to a maximum of $250) at the time when the listing is set.
If the item sells, CDM credits the 0.5% reserve fee back to the Seller, as the reserve fee is only charged if the item does not sell.
If the item does not sell, the reserve fee is charged again when re-listed.
Examples of the reserve price fee are as follows:
If the reserve price was set at $60, then the reserve fee is 30 cents.
If the reserve price was set at $750, then the reserve fee is $3.75 and,
If the reserve price had been set at $50,000 or above, then the reserve fee is $250 maximum.
The Seller is given 60 minutes from the time of making a listing to cancel it without penalty. After 60 minutes, if the listing is deleted, a cancellation fee of 5% of the listed (dream) price (to a maximum of $500) is charged.
Examples of the cancellation fee are as follows:
If the listed (dream) price was set at $60, then the cancellation fee is $3.
If the listed (dream) price was set at $750, then the cancellation fee is $37.50 and,
If the listed (dream) price had been set at $10,000 or above, then the cancellation fee is $500, maximum.
If funds for this fee are not available in the Seller’s CDM account or available from the Seller’s sources of funding, then the Seller’s membership is suspended until the fee is paid.
For all items sold, the Seller is charged a CDM commission fee of 3%.
Examples of the Seller’s Fees are as follows:
If the final selling price was $60, then the selling fee is $1.80
If the final selling price was $750, then the selling fee is $22.50 and,
If the final selling price was $8,333 or above, then the selling fee is $250, maximum.
For all items sold, the Buyer is charged a CDM commission fee of 2%.
Examples of the Buyer’s Fees are as follows:
If the final selling price was $60, then the selling fee is $1.20
If the final selling price was $750, then the selling fee is $15.00 and,
If the final selling price was $12,500 or above, then the selling fee is $250, maximum.
When an item sells, buyers will send funds to CDM $ecure-$ale ESCROW (effectively the CDM bank account) until delivery and condition are acknowledged as good. After the Buyer confirms delivery and condition, CDM credits the Seller’s CDM internal account.
For all items sold, the Seller is charged a CDM commission fee of 3%
If the final selling price was $750, then the selling fee is $22.50 and, the final selling price was $8,333 or above, then the selling fee is $250, maximum.
For all items sold, the Buyer is charged a CDM commission fee of 2%.
the final selling price was $12,500 or above, then the selling fee is $250, maximum.
Let us explain our membership system.
Becoming a basic Member is free, however, there are several grades of membership:Bronze membership, (free) no Buy or Sell privileges
By simply confirming your email address you will be able to browse the site as a Bronze non-active member & sign up for our newsletter.
If you want to become a Silver Count-Down active member, for both selling and buying, Count-Down will verify your identity and establish at least 2 forms of sending and receiving money.
For Gold membership, in addition to the foregoing, additional identity details and a credit report is required which is funded by the applicant ($10.00).
The Business membership application process is similar to the above for all grades.
To get started, follow these steps:
You should see a confirmation email from administrator@Count-Down-Marketplace.com within a short while of applying.
Click the button inside the email to confirm your account.If you don’t see the confirmation email:
Check to make sure that it hasn’t gone to your spam or junk mail folder.Gmail users:
Check your promos and social tabs.
Add administrator@Count-Down-Marketplace.com to your email contacts and resend.
Sign in to CDM as follows: Go to www.Count-DownMarketplace.com and click SIGN IN at the top of the page. Once signed in, click "My Account" to access your profile, then upload your information.
One feature that is different from other eCommerce sites is that on CDM, we use a second password for verifying Buy or Sell trades, this is called the Trading Password. Please keep it extra secure and make it different from all your other passwords.
If you experience any problems, please let us know and we’ll help.