What is Pricefalls

Pricefalls was launched in 2009. Sellers adopt a fixed-price sales model and have their own stores, so buyers can see all categories of goods sold by sellers.

Origin of the name

Pricefall used to be a reverse auction model, where when all units were sold out, the price of the product would drop, hence the name Pricefall. But now Pricefall is a category-based fixed-price platform.

Overview

The best-selling products on Pricefalls include home decor and tools, consumer electronics, health and beauty, and home and living items. There are more than 37,000 products available for sale, and sellers can participate in seven promotions and can sync their products with Google and Bing for free to increase exposure.

Pricefalls’ net revenue grew 32% between Thanksgiving and Cyber ​​Monday in 2017, and the number of active users grew at a compound annual growth rate of 122%.

Settlement Fees

The first time you join Pricefall, you need to pay $499.99, and then $49.99 per month. In addition, Pricefall will charge $1 per order and 7%-12% of the sales price as commission, as shown below:

Seller reviews

"We've been pleasantly surprised by the number of orders that have come in through Pricefalls," said seller Ken McCombs III. "It's been easy to manage and has been a great new sales channel for us."

Seller Kim George said: “I am very happy with Pricefalls. The setup is very easy, the seller support team is very strong, and we have seen consistent sales growth over the years.”

Development History

Elliot Moskow and his Bates College in Lewiston classmates Peter Schaefer and Chad Casey co-founded the Pricefalls website, launching a private beta version in January 2009 and a public beta version on September 17, 2009.