Merger advisory, topped by Goldman, was so-so. Where can I learn more about advertising fees? Although $2 x 3.5% = $0.07 you still owe $0.50 as that is the minimum on any item. Their entrepreneurial spirit inspires us to work harder and build smarter. All sellers can use Bonanza Advertising to drive extra buyers to their items. However, you don’t pay unless your items sell—there are no listing fees or subscription costs. I've been selling on Bonanza for about four years. It is calculated by sum up all the taxes and charges that is levied on top of your brokerage. The pricing plans and Bonanza fees are quite complex for some people but it is surely much less than that of eBay and Amazon. First, Bonanza doesn’t house or ship any inventory and they are a similar platform to eBay.com but will lower selling fees. Bonanza functions similarly to many other e-commerce platforms. However, all sellers have to think about an investment they are willing to make. If you decide to work with Bonanza, you should know that there are a few requirements before you can start to enjoy your profit. *Sellers who opt into the Bonanza Promotions advertising program will always have their FVF calculated on the full base price of the offer, even if the base price is greater than $500. For example, if your product sold for $15 and you charged $12 for shipping, your Final Value Fee (FVF) charge would be calculated based on an FOV of $17 (that's $15 for the item, plus $2 for the portion of shipping fee that exceeded $10). Yes, Bonanza's tries to sell their store by saying that their selling fees are cheaper than other stores - but they really aren't. Read the Amazon Services Business Solutions Agreement for a comprehensive explanation of the costs and terms applicable to selling in Amazon stores. Or, learn how to pay your fees. Instead, sellers are charged based on what they call the Final Offer Value (FOV). Sellers have up to 180 days from the date of the transaction to request refunds on the final value fees. So your FOV is $109-$10 = $99. How much does it cost to sell on Bonanza? Your fee is then 3.5% of $99, or $3.47, You sell one item for $750 with free shipping and did not opt into advertising. The peak of multichannel e-commerce management is just a few clicks away and you don’t even need a credit card to get started! Thus, for the $30 item with $12 shipping; Bonanza’s fee will be $1.12 (i.e. First of all, you will need to buy enough products, know where to store them and think about the shipping. Since the discount provided to the buyer is calculated based on the full base price, the full base price must also be used to calculate the final value fees on Bonanza Promotions transactions. Bonanza isn’t much to look at, but I do get several thousands of $ worth of orders. Promotions. This basically is to direct more traffic to your booth depending on your membership with Bonanza. If you opt into advertising, the fees you pay will vary depending on the settings you have chosen and the source of the buyer that purchases your items. Bonanza Portfolio Equity Brokerage Charges List-2021. One thing we noticed is that returns can vary per seller with Bonanza and you can check the return policy under each seller details.. However, any non-free features that we choose to add will be purely optional; that is, you won't have to pay for them to be able to sell on Bonanza. In fact, Bonanza touts itself as being “the best ebay alternative”. Today alone I have over $1500 in sales and its only 9am. The brokerage charges for equity, commodities and currency derivative trading for Bonanza are explained as below. Included with Gold, Platinum, and Titan memberships A buyer buys three of your items for a total of $109 after shipping. You can review your billing statement at any time on your Bonanza account. Visit VintageVarietyShop's booth. How much does it cost to sell on Bonanza actually depends on the final value of your order. They collect only a small percentage of your final sale price once the product sells. How do I pay for the fees I incur? Nowadays, online business looks like a very efficient way to gain fast profit. Achieve E-Commerce Success As a Small Business Owner, Overcome Sales Obstacles – The Definitive Guide, 5 Tips For E-commerce Workflow Optimisation, How To Sell Private Label Products On Amazon. Bonanza sells a range of products similar to Amazon and eBay. Bonanza provides the feature of adding your items to Google shopping. If the FOV is over $500, the fee is 3.5% plus a flat 1.5% of the amount over $500. All prices below are based on the Final Offer Value (FOV). Advertising fees range from 9%-30% of the FOV, depending on which advertising options you choose. I have had pretty good success on Bonanza – just under 500 orders in the past year. Learn more about the YFI cryptocurrency in this beginner’s and buyer’s guide. The fee amount is directly connected to the price that your buyers pay and all the shipping expenses that exceed $10. Bonanza makes it easy for sellers to offer their products to shoppers. All in all, your Final Offer Fee (FOF) will be calculated based on this $25 Final Offer Value. Final value fee refund requests on transactions outside of 180 days will not be honored, no exceptions. If you decide to work with Bonanza, you should know that there are a few requirements before you can start to enjoy your profit. See additional examples below if you have questions. Basically, the Bonanza store is not CUSTOMER-friendly. No listing fees and low final value fees. Fees are determined based on the final offer value (FOV); the amount you received on your sold item plus any portion on shipping exceeding $10. We may choose to offer optional advanced selling features (for example, the ability to view advanced statistics on your items) at a price in the future. Low seller fees. What if I want to cancel my booth? Sellers pay fees on both the price of the goods sold and the shipping fees associated with that purchase. You owe 3.5% on the first $500 ($17.50) and 1.5% on the remaining $250 ($3.75) for a total of $21.25. Import and list your items in minutes, reach more customers, and enjoy low selling fees. You sell a $2 item. That is why we took a closer look at them and prepared an answer for you. When you sell an item directly through Bonanza, you will always pay their base 3.5% fee rate. Bonanza (Bonanza.com) is an online selling marketplace that has positioned itself as an eBay alternative. Read our beginner’s guide to selling on Bonanza, including fees, shipping, payment options, frequently asked questions and more. 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