Before getting started selling online it maybe a good idea to know what selling fees are involved. You may be selling online as a way to get rid of items you have lying around the house, or you may sell as a side business or second income. Whatever the reason you choose to sell. This guide will break down what it costs to sell on 9 online market places and how much payment processors take from your profits.
Choose The Selling Platform You Want To Learn About
Amazon Selling Fees
Before you start selling on Amazon, you need to know generally how many items you plan to sell per month. Are you going to be selling one or two items per month? Or are you going to be selling multiple items per day? The reason this is important is because of the way amazon charges for their selling plans.
Amazon offers two selling plans: A Professional Plan and an Individual Plan.
$39.99 Monthly Fee
+Referral fees and variable closing fees.
No Monthly Fee
$0.99 per item + referral fees and variable closing fees
Per Item Fee
The per-item fee only applies to sellers on the individual plan. You pay a $0.99 fee for each item you sell while on this plan. For this reason, it makes sense to upgrade to the Professional plan for $39.99 a month if you plan to sell more than 40 items a month.
All sellers pay a referral fee, no matter which plan they are on.
Referral fees vary by category, and some categories have a per-item minimum referral fee.
Sellers pay the greater of the referral fee or the per-item minimum referral fee.
Click Here to see the referral fees per category.
Another fee in addition to the referral and minimum referral fee you should be aware of is the Closing Fee.
This fee applies when you sell any media items. The fee is a flat $1.80 per media item sold.
It applies to both the professional and individual plan. The categories the fee applies to are: Videos, Music, Books, DVDs, Software/Video Games, and Consoles.
Amazon Fee Examples
Bonanza Selling Fees
Bonanza Membership Levels
While it is not necessary to sign up for a membership, and you can still sell on Bonanza without one. There are benefits to having a membership. Just keep in mind if you add one this will add an extra fee. Click Here to read Bonanza's article about their different membership levels and the benefits they offer. It will ultimately be up to you to decide if the additional fee is worth the benefits you gain.
Final Offer Value (FOV) Fees
Bonanza fees are based on the Final Offer Value or FOV. The FOV is the amount a buyer pays you plus any shipping amount over $10. There is no fee charged on shipping under $10.
FOV Under $500
3.5% of FOV for standard booths
Minimum Fee $0.50
FOV Over $500
3.5% of FOV for standard booths + a flat 1.5% of the amount over $500.
Minimum Fee $0.50
As a seller on Bonanza, you can use Bonanza Advertising to drive more traffic to your items. There are four advertising levels, each level gives you additional benefits, but at a cost. Some of the benefits are having your listing show up on Google Shopping, the ability to use Bing Ads or have your listings published to eBay. The max fee each level will charge is listed below.
9% Max Fee
13% Max Fee
19% Max Fee
30% Max Fee
Bonanza Fee Examples
Depop Selling Fees
After selling an item on Depop you will be charged a 10% fee on the total transaction. (Item price plus shipping costs). This charge will be taken from the payment method you have on file (Paypal or Card) before any money is paid to you.
Depop Fee Breakdown
Paypal Transaction Fee of 2.9% +$0.30
Depop Fee Example
eBay Selling Fees
Ebay is one of the most well-known selling platforms online. They have three basic fees you will need to pay if you plan to sell on their platform. 1. Insertion Fee, 2. Final Value Fee,& 3. Listing Upgrade Fee. We will break down what each of these fees is and what they mean to you.
Generally, you are charged $0.35 per listing after you use all of your free monthly insertions. There are a few exceptions, but most categories fall under the $0.35 per listing rule. If you have an eBay store subscription, you will have more free listings to use per month. Click Here to learn more about eBay store benefits and their fees.
Final Value Fee
For general categories you would pay 10% of the final value plus any shipping you charged the buyer. So, for example if you sell an item for $10 and charge $5 for shipping, you would be charged 10% on $15 or $1.50. There are a few exceptions to the 10% rule. You can learn more about Final Value Fees on eBay's Website.
Listing Upgrade Fees
You have the option to add features to your listings, such as making the listing Bold or adding a subtitle or setting a reserve on your auctions. Below are a few of the available upgrades, check eBay's Site for the rest of the upgrades and there cost.
|Optional listing upgrade||Item starting price up to $150||Item starting price of more than $150|
|1 or 3-day duration||$1.00||$1.00|
Free for listings in the Collectibles, Art, Pottery & Glass, and Antique categories
eBay Store Fees
While it is not necessary to have an eBay store, there are benefits to having one. Some of the benefits are more free listing per month, discounts on insertion fees, and fixed priced listings. Click Here to see all the benefits an eBay store offers.
Ebay Fee Example
Etsy Selling Fees
When it comes to Etsy, there aren't many fees you have to worry about. In fact, for a basic seller, there are only two. A listing fee and a final value fee. Each one is broken down below.
Etsy has a listing fee of $0.20 for every item you list on its platform. A listing is good for four months or until the item sells. After your item sells, if you have the automatic renewal turned on, it will renew at $0.20 again until all of your items have been sold or you deactivate the listing.
Final Value Fee
Etsy charges a final value fee after your item sells. The fee is currently 5% of the sold price plus any shipping and gift wrapping costs you charge your customers.
Etsy Plus Subscription *Optional
Etsy Plus is a monthly subscription Etsy offers to sellers in good standing. It costs $10 a month. The benefits of Etsy Plus are you get 15 listing credits, $5 USD in advertising credits and more. To see the full list of benefits Click Here to be taken to Etsy's article about Etsy Plus.
Etsy Fee Examples
Fiverr Selling Fees
Fiverr has one of the more straightforward selling fee. Note I said selling Fee, as in only one fee... Fiverr charges $1 for every $5 you earn or 20% of your sale, you keep 80%.
Fiverr Fee Examples
Mercari Selling Fees
Poshmark Selling Fees
Poshmark doesn't charge for listing an item. After you sell an item they charge a fee depending on the amount you sell your item for. For an item that sells for under $ 15 they charge a flat fee of $2.95 for sales over $15 they charge a fee of 20% on the total sale.
Poshmark Fee Examples
Tradesy Selling Fees
Tradesy does not charge to list an item. They charge a fee when you sell an item, depending on the price the item sells for determines the fee. If your item sells for less than $50, the fee is a flat $7.50, if it's over $50, the fee is 19.8%.
Tradesy Fee Examples
PayPal Processing Fees
When using Paypal they charge a 2.9% +$0.30 per transaction.
Stripe Processing Fees
Stripe charges a fee of 2.9% +$0.30 per transaction. Similar to Paypal.
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