From ecommercebytes, the article says that bonanza is raising fees on May 1.
I haven’t sold anything on Bonanza in a year from any of my 3 booths. I’m going to close my booths on April 30.
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achobbies Reputation: 566 See achobbies' booth |
Online Marketplace Bonanza to Raise Fees on May 1st
April 11, 2025 Ina Steiner
Bonanza to Raise Fees on May 1st
Online marketplace Bonanza is raising commission fees from 3.5% to 11%, and it’s imposing new fees on larger-volume shops (called booths). Currently, Bonanza charges a 25-cent transaction fee for sellers who don’t have an active membership subscription, plus a commission fee of 3.5% on the “Final Offer Value,” or FOV.
Beginning May 1st, Bonanza will charge a 25-cent transaction fee for non-members plus a commission fee of 11% on the Final Offer Value.
Bonanza explains on its [URL removed] “FOV is the amount that the buyer paid to you for the item sold, plus any portion of the shipping fee that exceeds $10,” and it provided the following [URL removed] “If your product sold for $15 and you charged $12 for shipping, your Final Value Fee (FVF) charge would be calculated based on an FOV of $17. $15 (cost of item) + $2 (portion of shipping fee that exceeded $10) = $17 FOV.”
In its letter to sellers announcing the changes, Bonanza also explained its new listing fee for higher-volume sellers. It will charge a listing fee of 3 cents per item/month on listings, with no charge for the first 50 active listings. “The maximum you can be charged is $20/month. If you hit the $20 listing fee cap in a given month, you’ll receive a $5 Bonanza Ads credit – our way of saying thanks for keeping your booth thriving!
Bonanza recommended that as sellers near 716 listings, they should consider exploring its Gold Membership plan for $25/month, which provides perks such [URL removed] Unlimited Listings; Google Analytics; and Waived Transaction Fees.
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achobbies Reputation: 566 See achobbies' booth |
Yeah, we know there are threads already.
They are not answering.
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Thank_You_Cards Reputation: 171 See Thank_You_Cards' booth |
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