I want to share something and have a questions, i am a pure gift card seller (steam gift card)
I sold almost $8000 worth of steam gift card let’s say $100x80 or $50x160
Then once sales completed, let’s involve the fee’s, commission fee’s and digital fee’s
(let’s set aside the subscription plans first)
Commission fee’s 8%
Digital fee’s 2%
A total of 10% fee’s everything you make completed sales
I always make 15% off regardless of denomination about listings
So in $100 steam gift card, it will create a listing of $85 worth
Or in $50 steam gift card, it will create a listing of $42.5 worth
So once $100 steam gift card each sold that worth $85, i’ll be getting $76.5 (included commission and digital fee’s)
While in $50 steam gift card each sold that worth $42.5 worth, i’ll be getting $38.25 (included commission and digital fee’s)
A total of $8000 will turn into $6800 (my 15% off)
Then $6800 will be getting worth $6120 (completed sales) already include commission & digital fee’s
Now on $6120 money in your wallet, let’s do cash out via PAYONEER ($1+1%)
$6120 x 0.01 = (61.2 + $1) a total of $62.2
$6120 - $62.2 = $6057.8
$6057.8 this will be cash out available going to your payoneer
Now in payoneer, every load or every money came there, there’s a $3 deduction of their fee’s
So in $6057.8 - $3 = $6054.8
$6054.8 will be total reflected to your payoneer account balance
Let’s withdraw it on your local bank, which stated in payoneer that there will be 2% fee’s every withdrawal.
So in $6054.8 x 0.02 = $121.096
$6054.8 - $121.096 = $5933.704
So i make $5933.704 overall after sold the $8000 worth steam gift card.
First, i thought once i make listings with 15% off, my $8000 worth steam gc will probably get atleast $6800
I choose 15% because i am a new seller, i am selling below market price, ofcourse i have some other competitor seller, for me able to get some buyer i make 15% off
I am literally burned on those fee’s, i do understand they need to collect fee’s from us for gameflip and payoneer fee’s to continue their company running.
$500-$800 burned/lost because of fee’s
I activated all those subscription plan and already used (used sales cap) gamer, pro club, ultra club
Now i stopped because i don’t want to get ripped by the fee’s so i am waiting for the next billing cycle to start again
So my question is, it is really necessary to deduct a fee after completed sales? then also deduct a fee when you make withdrawal request?
Just sharing, please respect thankyou