As a seller on Mech Keybs, it’s important to understand our fee structure and payment process. This knowledge will help you price your products effectively and manage your finances. Here’s a breakdown of the fees you can expect as a regular vendor on our platform:

Fee Structure for Regular Vendors

1. Commission Fee • 7.9% of the total sale price • Applied to each successful sale • Helps cover platform maintenance and marketing efforts
2. Transaction Fee • 3% + $0.30 per transaction • Covers payment processing costs • Applied to the total transaction amount (including shipping)
3. Featured Listing Fee • $5 for each featured listing • Optional fee for increased visibility • Featured listings appear in prominent areas of the site

How Fees Are Calculated

Here’s an example to help you understand how these fees work together:

• You sell a keyboard for $100 with $10 shipping
• Total transaction amount: $110

Fee breakdown:

• Commission: $7.90 (7.9% of $100)
• Transaction fee: $3.30 (3% of $100 + $0.30)

Total fees: $11.20

Your payout would be $110 – $11.20= $98.80

Payment Schedule

• Payments are typically processed every 14 days
• There’s a minimum payout threshold of $50
• Funds are transferred to your designated payment method (e.g., bank account, PayPal)

Setting Up Your Payment Information

1. Navigate to your Seller Dashboard
2. Go to the “Payment Settings” section
3. Add your preferred payment method (bank account or PayPal)
4. Verify your payment information as prompted

Viewing Your Earnings and Fees

• Access your Seller Dashboard
• Go to the “Financials” or “Earnings” section
• View detailed reports of your sales, fees, and payouts

Tips for Managing Fees

• Factor fees into your pricing strategy
• Use featured listings strategically for high-value items
• Optimize your listings to increase sales and offset fixed costs

Tax Considerations

• Keep accurate records of your sales and fees
• Be aware of your tax obligations as an online seller
• Consider consulting with a tax professional for advice specific to your situation
• Check your Seller Dashboard for any available sales reports that might assist with your record-keeping