I don't have a PHD in Rocket Science....Can someone explain the seller fees on MYSLABS ??
Mickey71
Posts: 4,252 ✭✭✭✭
I've heard tons of people try to explain the whole thing and I get more confused all of the time. I would be selling cards of $100+ value. Thanks in advance.
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Total fees are 1% of selling price, Paypal percentage of around 3.3% and shipping cost. So based on $100 card, it would be around $4.30 plus $4.00 or so to ship netting $91.70.
eBay Store
Greg Maddux #1 Master SetGreg Maddux #2 Basic Set
ebay fees are more like 15% so $100 sale on ebay will cost u $15 and shipping costs on top, maddux is on point
This was my best attempt to figure it out from another thread:
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As far as I can tell, the PayPal fee is 3.49% plus a fixed charge of 49 cents.
The partner fee (which is charged by myslabs) is described on their site as follows:
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7) Fees for sellers - MySlabs Fees for sellers are based on one's usage of the site therefore a 1% seller/usage fee (calculated as a percentage of the transaction amount with a minimum of $1 per transaction) is billed along with successful sales.
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It seems many were confused on prior posts about this topic. The info in this thread seems very easy to understand. Thanks for the info.
So Paypal G&S transaction is the automatic payment method?
Yep. I sold a pretty good on there. I have only a couple of cards listed there now.
Is paypal mandatory on myslabs to sell? and their fee the seller pays?
Yes, you can only pay with paypal.