Commission and Payment processing fee
Sellers are required to ship the items sold within 2 business days of the acceptance of the transaction/sale. Paypal funds are available immediately to the seller after a transaction is accepted by the seller For direct deposits funds are deposited after the buyer has received the merchandise and has marked the order Complete after giving feedback.
Direct Deposits Powered by Stripe
For Direct Deposit payments, SimpleLots charges a commission of 10%. The minimum commission per transaction is $30. Stripe's fees are included in this commission so there are no additional fees.
With Stripe payments you receive the funds after you have shipped the items and the buyer has "Confirmed" the delivery. Once they have confirmed the delivery we process the payment and typically takes one business day to reflect in your checking account. If the buyer has not confirmed within 14 days the transaction will automatically be confirmed and completed.
For PayPal payments, SimpleLots charges a commission of 10%. The minimum transaction fee per transaction is $30. PayPal's fees are not included in this commission, so in addition to SimpleLots commission, you will also pay PayPal's fees for each. PayPal's fee is 2.7% +$0.30 of the total sales price.
You can see the exact fees by logging in to your PayPal account and going here. After each purchase you will get a receipt displaying the exact fee.
For Paypal payments, sellers get paid immediately.