LabX has reduced its "Auction Stop" fee from 5 percent to 3 percent, the company announced. The "Auction Stop" feature lets sellers sell items at the "Auction Stop" price prior to the auction closing. This feature is optional, and bidders are required to submit credit card information for validation of their identity in order to use the Auction Stop feature.
LabX is an online marketplace for scientific equipment and supplies where over $60,000,000 of equipment is traded annually. Developed in 1995, LabX connects professional buyers and sellers using fixed-price classified ads, online auctions, and free equipment wanted ads. The site charges only a listing fee and charges no commissions.
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