Fee Structure

 

Date of Last Revision: 21.Nov.2018

The Fees Structure                                                        
• Rental Items: 20% of the rental transaction value is retained by the platform. 80% is deposited in your wallet.
• Sale Items: 10% of the sale transaction value is retained by the platform. 90% is deposited in your wallet.

What is FREE!                                                              
• No Registration Fees: Joining the platform is absolutely free!
• No product-listing Fees: You can list as many products as you like, at no charge. 
• No Subscription Fees: This is not a subscription platform. Buyers only pay for what that they buy/rent.

Promotional Rates                                                         
• At times, we may run time-boxed promotions that impact specific categories, specific shops, specific products or Sellers and/or offer discounts to Buyers. 
• In all cases, the impact to the affected users will be positive since it will either increase the payout (to Sellers) or reduce the amount due (from Buyers). 
• In the event of discounts offered to Buyers, the original amount due to Sellers will remain unimpacted.

Additional Charges that may be applicable               
• Shipping Charges: Some listings may carry a shipping fee which is set by the Supplier and payable by the Buyer
• Payment Processor Fees: We use payment processors like Paypal who charge a % of the transaction amount as a fee. This is outside the purview of ethnicSense. 
• Taxes: Federal and State taxes are set at the platform level and payable by the Buyer