Here is a quick video presentation on the points system.
When you create a fixed price listing the site removes the relevant amount of Points from your balance. When your item sells you receive all the funds (minus any payment merchant fees) with no further costs or bills from this website.
When you create an auction, the site will take the relevant amount of Points from your balance. Should your auctioned item fail to sell; the site will return a portion of the Points spent back to your account balance, for now this is set to 50%.
You list a laptop in a 7 day auction for £375, this site will take 8 Points (0.80GBP) and if it does not sell the site will refund 4 Points (0.40GBP) which is 50% returned.
Items can be listed for as little as 1 Point (0.10GBP) to list items under a £50.00 value and has a sliding scale up to 50 Points (£5.00) meaning that you will never pay more than £5.00 to list or auction any high value item. Please see “Site Fees” for the exact pricing model.
There are two ways in which Points can be purchased. They can be bought by a one-time purchase where the Points never expire or there is an option to subscribe for a monthly fee to receive your own store URL (https://www.flogit.bid/store/USERNAME) as well as the relevant value of Points. Once subscribed to the store you will need to enable the store feature by going to My Account>Store>Store Setup.
N.B (Store Users Only)
Points can be topped up independently to subscription by means of one-time purchase, At the end of the 30 day subscription period any Points remaining will still be available and added to the next months balance.
This site does not request money monthly. If you wish to cancel your subscription, please make a cancel request via your chosen gateway/bank/building society. Cancelling your monthly payment will not stop your store feature until the billing date is reached meaning that your Store is still fully functional until this date.