LabX - Policies

LabX Fee Schedule
   

Document Name: LabX Fee Schedule
Document Date: October 31, 2001
Revision Date: November 10, 2006

LabX Fee Schedule

1.  LabX Credits
At LabX, you must first purchase LabX Credits to deposit into your LabX account before you may run any classified ads. After you have made the purchase of LabX credits, we deduct the appropriate amount of credit from your account when you submit your advertisement. We use this LabX Credit system for several reasons:

  • It allows you to pre-purchase your LabX ads "in bulk" and receive "bulk pricing" discounts
  • It reduces the amount of invoices we must send to you for payment
  • It streamlines the ad entry process
  • It keeps you from having to re-enter your credit card information for every ad you run
LabX credits are sold in the following "Bundle" packages. All prices on LabX are in US Dollars. Credits must be pre-paid by credit card before use:

CreditsAmountSavings from ListPrice per Credit
0.3$10-$10.00
1$30-$30.00
5$140$10$28.00
10$270$30$27.00
25$625$125$25.20
50$1088$412$21.00
100$1875$1125$18.00


2.  LabX Ad Fees
At LabX, there is an initial "Credit" fee associated with each ad type. In order to run an ad, you must have enough "Credits" in your account to cover the charge. The fees are outlined below:

Ad TypeCredit FeeDuration
LabDrawer Ad0.1Close on Wednesdays or Saturdays
Under $300 Auction0.2up to 14 days
$300-$700 Auction0.6up to 14 days
Featured Auction

1.0up to 21 days
Single Item For Sale1.0up to 100 days
Various Items For Sale

3.0up to 100 days
Announcement Ad5.0up to 100 days
New Product IntroductionsCallup to 1 year


3.  "Auction Stop" Fee
The "Auction Stop" option is available to sellers when they choose to list their LabAuction ad. This price is one at which the seller is willing to end the auction early and sell to the person who submitted the "Auction Stop" bid. The "Auction Stop" auction must be chosen when the ad is submitted to LabX and remains as an option for buyers up to 24 hours prior to the scheduled close of the auction. LabX has removed all fees for using the LabX Auction Stop feature. It is a free service for advertisers at this time.


4.  Refunds

    4.1 Refunds due to Ad Cancellation. LabX will issue refunds for ads only on the following schedule. Cancellation requests which do not fit the critera set forth below, will be honored, but refunds will not be issued.

      4.1.1 LabAuctions. LabX will issue a refund to your account if we receive your request to cancel an auction within 24 hours of posting the item on the website OR before the first bid is submitted, whichever event comes first. Requests must be sent to help@labx.com and we will consider the request received at the time it enters our inbox. Please see the full detail of our refund statement in our User Agreement, Section 5.5.1.

      4.1.2 All Other Classified Ads. LabX will issue a refund to your account if we receive your request to cancel an auction within 24 hours of posting the item on the website OR before the first inquiry is submitted, whichever event comes first. Requests must be sent to help@labx.com and we will consider the request received at the time it enters our inbox. Please see the full detail of our refund statement in our User Agreement, Section 5.5.2.

      4.2 Refunds due to Bidder Non-Compliance. LabX will commence an investigation at the seller's request if the seller indicates that a bidder has not followed through on his responsibility to purchase equipment won in the LabX LabAuction forum. If LabX determines that the buyer has not remitted payment, LabX will refund credit and the auction stop fee (if applicable) back to the seller.


5.  LabX Banner Advertisements
LabX Banner Advertisements prices are available upon consultation with our sales representative. For more information, please send an e-mail message to help@labx.com.


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