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About fees related to paypal?
Upvote this question 1 Downvote this question

Hi, I am new here.
I would like to know if Paypal incur fees like in ebay?
Bonanza fee is 3.50% right? and all payments go through paypal so I suspect that there is a fee for transaction? is this true? and how much?

Thanks!

asked about 8 years ago

mastereymard
Reputation: 15
See mastereymard's booth

3 Comments

loves_birds says: April 03, 2017

Yes, there is a few from Paypal. It, like Bonanza’s fee, is determined by the amount of the sale.

MomentsInThyme says: April 03, 2017

Last but not least lol. No membership is required. I have had a free booth since 2012. If you get up and running with sales going to the moon that’s your choice, but not needed. A lot of us have free booths. Enjoy!

spelunker64738 says: July 06, 2021

good question. Bonanza claims their base commission is 3.5%, and does not mention any PayPal fee. Therefore, either the PayPal fee is part of that 3.5%, or the PayPal fee is added separately. Too bad the Bonanza site does not explain this whatsoever.

2 Answers
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Accept hover

mastereymard,
Sign in each day and collect your tokens which will help pay your fees here at Bonanza. eBay doesn’t offer this wonderful incentive. When your billing cycles to you for your fees on your sold items, pay your bill with the tokens which are available. If you have not saved up enough then you can pay with PayPal.
You set your advertising at whichever percent you choose. The higher the advertising, the more likely your listings will be seen. I set mine at 9% but it’s all up to you. You have yours set for Organic traffic. One thing new sellers are NOT aware of is that you need to promote your items via online sites such as Pinterest, Facebook etc. There are sellers here who will offer to promote your items for you for a small fee. This is much different then eBay. You bring traffic to your booth by promoting.
Yes there is a fee from PayPal when you sell an item. Handle your shipping through PayPal as we do not pay a final value fee on shipping. eBay charges a final value fee. So there is a savings there.
Hope this information is helpful.

eBay is fee happy and Bonanza is reward happy. Have a great day!

Rita
MomentsInThyme

answered about 8 years ago

MomentsInThyme
Reputation: 734
See MomentsInThyme's booth

4 Comments

mastereymard says: April 03, 2017

Wow! Thank a lot! :)

mastereymard says: April 03, 2017

I am reading about the advertising thing before actually posting some products. I read that most of you guys set yours to 9% so I believe it must be the lucky number. Thanks again! :)

MomentsInThyme says: April 03, 2017

Your absolutely welcome! Set at 9%. Please check with InspiredCreations she offers a booth panel to start advertising as well as ask if she is promoting for a fee. She’s top of the line, expert in driving traffic to your site here. Happy I could help you. Best of luck! Rita

downrightspecialkids says: April 05, 2017

You can collect 10 tokens a day and it takes 500 tokens to save 1.00 on your bill, so about every 50 days you can earn 1.00 credit-woohoo!

Upvote this answer 1 Downvote this answer

Since advertising was brought up, a good way to advertise is to set up a Facebook page for your booth. That is free, and you can put in the URL of your booth and show off your products.

answered about 8 years ago

Ms_Prissys_Patterns
Reputation: 366
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