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Fees and bid deposits

Listing is free at launch. The current fees and qualification requirements are shown before you publish, pay or bid.

Marketplace fees

Listing fee

No charge to create and publish an auction.

₦0

Seller success fee

Charged only after a completed sale.

5% of completed sale price

Buyer marketplace fee

This does not include the winning bid amount.

₦0 at launch

Bid deposit

It qualifies a bidder and is either returned or applied to the winning purchase.

Not a fee

Bid qualification

Why is there a bid deposit?

Every auction requires a deposit before a valid bid can be placed. The amount depends on the greater of the auction's Deposit Reference Value and the amount the bidder is attempting to bid.

  • It helps qualify bidders before their bids count.
  • Being outbid does not trigger an immediate refund; you remain qualified while the auction is active.
  • A higher attempted bid can require a top-up before that bid is accepted.
  • If you lose, the deposit is returned after the auction reaches final resolution.
  • If you win, the deposit is applied towards the purchase price.
Learn about bidding
Current bid deposit bands
Reference value or bidRequired deposit
Under ₦50K5%, minimum ₦500
₦50K - ₦250K₦5,000
₦250K - ₦1M₦25,000
₦1M - ₦5M₦50,000
₦5M+₦100,000