Sellers will link a PayPal account to their store for order payments. Upon a customer order, PayPal will deposit the payment into the sellers account minus the Platform Fees & PayPal Transaction Fees which are specified below:
- There are no fees for listing products on Spicerack market.
- Platform Fees: 5% of sales amount including shipping fees charged to the customer.
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Transaction Fees: Transaction fees (PayPal or Stripe) are 3.49% + $.49.
Transaction fees are calculated based on the total sales amount including shipping charged to the customer. *International sellers have additional foreign conversion fees applicable. See PayPal or Stripe for exact foreign conversion fees per specific location which can vary from 2%-5% with PayPal and 0.25%-1% with Stripe.
- By choosing to connect your shop to Stripe you understand that providing customers with a payment plan will potentially offer a greater rate of conversion and you are agreeing to the higher transaction fee charged by Stripe only for orders completed by the customer using Affirm, Afterpay or Klarna which would be 6% + $.30 per transaction rather than the standard transaction fee of 3.49% + $.49.
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Countries where PayPal and Stripe Connect are not accepted e.g. Ukraine will not have the PayPal or Stripe conversion fees but will be sent payment through Payoneer and be subject to a 1% transaction fee.