1. Selling Fees
We charge a 6% selling fee for a basic membership shop on the selling price of all items (inclusive of postage).
For a premium shop membership, the selling fee is reduced to 5% on the selling price of all items (inclusive of postage).
Within our categories there is a sub category called ‘featured’. All items listed within this category are promoted within the eTackle marketplace and within its marketing platforms. Sales within this category are likely to be greater than others and as such, the commission on the selling price of all items (inclusive of postage) within this category is 8% for all shop types.
Etackle Premium Shop:
There are 2 shop types on eTackle, a Basic Shop and a Premium Shop.
The Premium Shop option option allows for a number of advanced shop management options within the sellers dashboard and also a reduced commission rate for all items sold.
You can see the various features of a Premium Shop and how to use them by viewing the Premium Shop Tutorial here.
n.b. – Your recurring payments will automatically stop when you dongrade your shop or you erase it.
2. Payment gateway fees
Etackle uses Stripe as a payment gateway with its shops. The reason eTackle uses Stripe is down to its numerous benefits; with security and its competitive gateway fee being 2 fundamental reasons as to why.
By using Stripe, it means that you instantly receive your sales revenue (minus fees) at the point the customer buys your product rather than having to wait a few days or weeks like some other marketplace platforms. You can find out more about Stripe here.
n.b – You cannot sell products on eTackle without a Stripe account.
Stripe currently charge 2.9% + 20p as a gateway fee.
You can setup your Stripe account within your sellers dashboard. More information on how to do this please see the ‘Setting up your Stripe account’ tutorial here.
How are fees billed and paid for?
As soon as a product sells, the total amount you have charged a customer, minus etackle and payment gateway fees, will appear in your Stripe account for you to view.
n.b – Depending on the newness of your account, Stripe may hold fees for a short time before you are able to withdraw to your bank account. More information on Stripes policy on payouts can be seen here.
Etackle is not currently VAT registered and as such cannot apply VAT to any goods or services and invoices will reflect this.
For further information please see the HMRC’s guide to VAT
If you would like to create a shop and become a seller please start the process with our seller registration form here.