Online marketplace Bonanza will be adding a 25¢ flat-rate transaction fee to all sales as of the end of August.
This marks the first occasion that Bonanza has added or increased fees on the platform, but unsurprisingly the marketplace are putting the adjustment down to the current economic market.
- Bonanza is adding the transactional fee to counter rising costs without raising final value fees.
- This is not a listing insertion fee. Sellers can continue to post items to Bonanza for free; the only time this fee will be assessed is after a completed sale.
- All sellers with a Bonanza membership subscription are exempt and will not be affected.
- Sellers can continue to make commission-free sales to negate the final value fee. [Note that the 25¢ fee will still apply]
- Sellers can continue to use rewards tokens toward fee payments.
Bonanza have expressed understanding over the impact this will have on small businesses, because they too are a small business. Adding the flat-rate transaction fee is there way of making it the least impactful to the selling community. Doing this still allows sellers to list items on Bonanza and external advertising platforms without any up-front costs. Bonanza are proud to be the most seller-friendly marketplace, unique in sending all listings to Google Shopping and Bing for advertising at no cost to you.
