Here’s what you need to know about getting paid:
1. Sales Fees:
- We charge a sales fee for each item sold on our platform. This fee is deducted from the total sale price of the item.
- The sales fee may vary depending on the category of the item and any special promotions or discounts.
2. Payment Processing Fees:
- Payment processing fees are incurred when transactions are processed through our payment gateway.
- These fees cover the cost of securely processing payments and may vary depending on the payment method used (e.g., credit card, PayPal).
3. Payout Schedule:
- Sellers can request payouts of their earnings at any time, subject to our payout schedule.
- Payouts are typically processed within a specified timeframe, such as weekly or monthly.
4. Payment Methods:
- We offer multiple payment methods for receiving your earnings, including bank transfers, PayPal, and other electronic payment methods.
- You can choose your preferred payment method and update your payment details in your seller account.
5. Billing Statements:
- Sellers can access detailed billing statements in their seller dashboard, which provide a breakdown of sales fees, payment processing fees, and other relevant charges.
- Billing statements are updated regularly to reflect the latest transactions and fees.
6. Disputes and Chargebacks:
- In the event of disputes or chargebacks initiated by buyers, sellers may be subject to additional fees or deductions from their earnings.
- We handle disputes and chargebacks in accordance with our policies and strive to resolve them fairly and promptly.
7. Tax Withholding:
- Depending on your jurisdiction and tax regulations, we may be required to withhold taxes from your earnings.
- We provide documentation and support to help sellers understand and comply with tax requirements.
8. Seller Section Coming Soon:
- We’re excited to announce that a dedicated seller section will be coming soon to TrendyBuy! This section will provide sellers with access to valuable resources, tools, and support to help them succeed on our platform.
At TrendyBuy, we’re committed to providing our sellers with a transparent and reliable platform for selling their products. If you have any questions or need further clarification on fees and billing, please feel free to contact our seller support team. We’re here to help you succeed!