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Am i missing something here?
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Looking at the fees here. It [URL removed] You sell a $2 item. Although $2 × 3.5% = $0.07 you still owe $0.50 as that is the minimum on any item.

So, no matter what I will owe 50 cents on a 2 dollar item? What if I sell an item for a dollar (which I do on ebay sometimes), still 50 cents? Then paypal fees on top of that…

This seems higher than ebay’s fees. Am I reading this wrong or misunderstanding?

asked over 9 years ago

KetchumCards
Reputation: 10
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3 Comments

misskeech says: November 18, 2015

Also, keep up with your reward points, and you can knock off money on your fee’s![URL removed]

EmbellishMart says: November 19, 2015

Thanks for reminder, MissKeech! Was thinking that fees discount referred to subscriptions. Encouraging to know that I can use tokens for ANY fee(s).

tomwayne1 says: November 19, 2015

See my comment below.

3 Answers

This is an official Bonanza response.

Hi Ketchum_Kards,

Thanks for reaching out and so sorry for any confusion. Bonanza charges a minimum of $0.50 on every transaction. While the percentage seems steep on transactions that have a low dollar amount, our standard 3.5% fee is much lower than eBay’s. Plus, you don’t have to pay any up-front fees to list your items! You can read more about how our fees stack up against eBay’s on the following [URL removed]
[URL removed]

Hope that helps! Let us know at support if you have additional questions or need further clarification. Thanks for taking the time to contact us, and welcome to the Bonanza community!
[URL removed]

~The Bonanza Team

answered over 9 years ago

Katyoke
Reputation: 1512
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1 Comment

EmbellishMart says: November 19, 2015

Forgot about that minimum fee. Have decided to leave my lower-priced items as is. The 0.50 min is worth it to have a free booth WITH categories. Really important to me. I have a large variety of products![URL removed]

Upvote this answer 1 Downvote this answer

Don’t forget that the fees are charged on the total of the ENTIRE order. So, if you sell many small-priced items, you are not paying $0.50 per item, but the fee is based on the total sale.

For example, if you are at the 3.5% advertising rate and you sell eight $1 items, your total sale is $8. The rate of 3.5% would normally come out to be $0.28, but Bonanza charges the $0.50 minimum fee. That means that you are effectively paying 6.25% ($0.50/$8 = .0625 = 6.25%) on that $8 sale.

So, at what sales price does the lowest fee percentage kick in at? Well that sales amount happens to be $14.27. When your entire sale is at or greater than this amount, then the fees will equal 3.5% ($14.27 × 0.35 = $0.50)

answered over 9 years ago

tomwayne1
Reputation: 8637
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4 Comments

EmbellishMart says: November 20, 2015

That is true, Tomwayne1. I did figure that out. Luckily, I’m not JUST a papercrafter, but a prolific artist who can sell at many price points, $14.27 and beyond.

EmbellishMart says: November 20, 2015

What do you mean by “entire sale?” Is the fee charged per item or per combined order by one buyer from one seller? Thanks!

tomwayne1 says: November 21, 2015

Your seller fee is based on the total of all items that a particular buyer purchases from you. So, if you sell twenty $1 items to the same buyer, your fee will be 3.5% of $20, which results in a total Bonanza fee of $0.70. You will not pay $0.50 per item.

EmbellishMart says: November 21, 2015

Thanks, Tomwayne1. That’s even better!

Upvote this answer 0 Downvote this answer

Don’t use your reward tokens until you have enough in fees to take a full dollar off. In other words if you owe 75 cents in fees for one month do not use tokens as you will lose the 25 cents over. They do not give you credit back for unused amounts of the $1.00 credit.

answered over 9 years ago

sasswbe
Reputation: 321
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