Sellers will be charged both a commission and a Stripe fee for each sale made on Card Boon.
The following above-mentioned fees are explained below.
All products sold on Card Boon are subject to a commission paid to Card Boon Inc. This commission will be deducted from the net proceeds at payout to the seller once the sale is marked as “complete” by the seller after the customer transaction.
All vendors will be charged the exact Stripe processing costs for their product sales. Stripe fees are 2.9% of the gross sale of that item, plus a fixed $0.30 per transaction. This Stripe fee will be deducted from the net proceeds at payout to the seller once the sale is marked as “complete” by the seller after the customer transaction.
Commission Schedule for Account Type:
Store & Small Business Seller Account commission is 5%.
Artists & Artisans Seller Account commission is 5%.
Commission + Stripe fee example:
A seller (“vendor”) on Card Boon listed a product for $10.00 and sold it to a customer for $10.00. Once the customer pays, funds are processed by Card Boon using Stripe. Card Boon will take a 5% commission ($0.50) and will also deduct Stripe fees of 2.9% and $0.30 ($0.29 + $0.30). The total commission and fees for this sale will be ($0.50 + $0.29 + $0.30) = $1.09. The net proceeds to the seller will be from this sale will be $8.91.