- No upfront cost to launch
- 5% commission fee based on total auction revenue
- Upfront cost (fee based on item count)
- 3% commission fee based on total auction revenue
The credit card processor you choose (Stripe, PayPal or WePay) will determine your rate. Typically, this rate will range between 2.9 - 3.2% depending on the processor and credit card type used (Visa, Mastercard, Discover and American Express). View Payment Processor Chart Here.
On the Free Plan, if you raised $1,000, your total fees would be 5% + 2.9% (7.9% total) = $79. The credit card company will also charge $0.30 per transaction. Please note, if your guest wins more than one item, these items will be grouped on one invoice and incur one $0.30 transaction fee.
On the Pre-Paid plans, you will have the upfront cost based on the item count in your auction, and we would lower the performance fee to 3%. This 3% would be collected along with your credit card processing fees as your invoices are paid.