Today we released more new features on the VirtaPay website. This is good news for both buyers and sellers.
Below we give an explanation of what has changed and what to expect.
For Buyers…
The changes are great news for buyers. You can now buy any item that has less than 50 ratings (Starter Items only) for just 1 cent. This means that you don’t have to worry about buying a higher priced item with very little feedback which may turn out to be a bad deal.
There is a catch however. In order to buy any Starter Item for just 1 cent, you must have no unrated items in your purchase history. So, if you always rate the items you buy, you can always buy Starter Items for just 1 cent… with no real risk.
For Sellers…
New Item Limit
The item limit for sellers has been raised to 5 items.
1-Cent Starter Items
The changes to the item approval system mentioned above are bad news for sellers who list low-quality items. It will allow buyers to see and rate what you offer and what you deliver without risk… for the first 50 ratings.
However, for sellers who offer high-quality items, the new system should help your items get into the Established Items category much more quickly. Buyers will now be more likely to buy your Starter Item and then rate it highly (if it’s good), because now there’s almost no risk for the buyer.
Sure, you won’t earn much profit until your items reach 50 ratings, but, once your item has 50 or more ratings, the price will automatically change to the price you originally set for the item and will stay there.
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