Fees

This is an example of how fees work in a typical Buyer/Seller transaction in the eXcesS Capacity marketplace.

In the eXcesS Capacity marketplace fees are charged to the Seller only when the Seller accepts a payment authorized by the Buyer via PayPal for an item listed by the Seller for rent or for sale in the eXcesS Capacity marketplace. The eXcesS Capacity Administration fee to the Seller is 10% of the total sale price. eXcesS Capacity Administration does not charge the Buyer any fees. In addition to the eXcesS Capacity Administration fee PayPal charges the Seller 2.9% of the total sale price amount plus a set fixed transaction fee of $0.30.

When a Seller accepts payment authorized by the Buyer via PayPal for an item listed by the Seller for rent or for sale in the eXcesS Capacity marketplace, the entire payment amount is moved from the Buyer’s account to the Seller’s PayPal account, minus PayPal’s payment processing fees. In a separate transaction the eXcesS Capacity Administration fee is automatically deducted from the Seller’s PayPal account and deposited into the eXcesS Capacity Administrator’s PayPal account.

For example, if a Seller lists an item for $100, then after the Buyer has authorized $100 in funds via a major credit card or PayPal account via the PayPal payment gateway, and the Seller accepts the offer, the following financial transactions occur.

A.1. Sale Initiated. Seller’s Revenue.

$100.00 Seller’s Listed Item Price on XSCapacity.sharetribe.com
$ 2.90 PayPal transaction fee (2.9%)
$ 0.30 PayPal per transaction fee ($0.30)
=======
$ 96.80 Transferred to Seller’s PayPal account
$ 10.00 Marketplace fee (10% of $100) transferred to Marketplace Administrator’s PayPal account
=======
$ 86.80 Seller keeps in their PayPal account

A.2. Separately. Marketplace Administration Fees.

[Note: A micropayment fee has been enabled.]

$10.00 Marketplace fee (10% of $100)
$ 0.50 PayPal’s micropayment fee (5% of $10)
$ 0.05 PayPal’s per micropayment transaction fee ($0.05 fixed fee)
======
$ 9.45 Marketplace Administrator keeps in their PayPal account

A.3. PayPal’s Fees.

$ 2.90 PayPal transaction fee (2.9%)
$ 0.30 PayPal per transaction fee ($0.30)
$ 0.50 PayPal’s micropayment fee (5% of $10)
$ 0.05 PayPal’s per micropayment transaction fee ($0.05 fixed fee)
======
$ 3.75 PayPal keeps

Version 1.03 Updated 06/22/17

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