Fees are a part of every reseller’s journey. There is no way to avoid them. Just like you know the sun will come up tomorrow, you will see fees on almost every platform you choose to sell on.
Just so this blog post doesn’t become outdated in 30 days or so, I won’t spend much time on fee scales. My feeling on escalating fees is much like my heat bill. You know it will go up, you are being provided a service and you can’t live without them if you hope to remain in business.
Ebay has a monthly store fee that is dependent on the size of store. There are listing fees If you don’t have a store, but there are always offers for waived listing fees. There are also selling fees which are charged based on the type of item sold and cost. Depending on when you started Ebay, they will be due in the middle or end of the month.
Etsy has a set per-listing fee, a percentage fee when you have sold and there are no store fees. When you are printing out shipping, the fee will also be charged to your monthly invoice. You may pay your fees from your selling balance before funds are issued to your bank.
Amazon fees for selling books and CD’s are invoiced each week and subtracted from your earnings, before they issue funds to your bank.
Poshmark does not have a fee to list or have a store. When you post a listing or consider an offer, the program tells you what your income is after fees. Fees are taken out before you receive a credit in your account.
If you are selling on each of these platforms, you might spend more time figuring out how much you owe and when, than making up this week’s meal plan. You might think that you will pay them on the due date with your earnings, which is great if no one (including you) gets sick, the car doesn’t have a funny sound coming from the engine or the gas bill is due. I cannot emphasize how important it is to pay these fees because there are serious consequences such as not being able to list to losing your privilege to sell.
I read some advice on paying fees in an EBay support forum, and I thought it was a great answer to paying all these pesky fees.
Most of us sell a lot through the weekend then package and ship on Mondays. After you have done this each week, pay your fees on every platform that night. Start with a Zero Balance on Tuesday night. No more panic when the invoice comes due!
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