I setup bonanza with a max fees of 16%.
i sold an item today and was charged 50% fees of the selling price, has anyone had their fees increase?
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novamandan Reputation: 10 See novamandan's booth |
The 50% rate that you were charged is probably due to the fact that there is a minimum charge of 50 cents when selling an item. So, if you have an inexpensive item, it is quite possible that the fee can be that high. For example, selling a $1.00 item results in a 50 cents fee. That works out to be a 50% rate >> ($0.50/1.00) x 100 = 50%
Another example… sell a $3.00 item. The minimum fee of 50 cents works out to be >> ($0.50/$3.00) x 100 = 16.67%
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tomwayne1 Reputation: 8637 See tomwayne1's booth |
I believe, the MINIMUM fee charged is 50 cents. so if you sold something for lets say $1 even tho at 16% your fee would be 16 cents, you will still be charged the MINIMUM fee of 50 cents. so it would look like you were being charged 50% but you are just being charged the min. amount. See the link below and look at the example.
[URL removed]
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misskeech Reputation: 1958 See misskeech's booth |
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Asked: over 9 years ago
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