UniSquare Fees and Fee Information (as of December 3rd, 2011)
This page explains what fees are involved with UniSquare as well as additional fees related to PayPal or Google Checkout. In addition, we provided some calculators at the bottom to calculate fees, savings and profits vs eBay with the auctions and fixed price listing formats.
UniSquare Fees
First thing to know about UniSquare is there are no listing fees! This means you can list an unlimited number of items for free, whether they are items up for auction or in a fixed price format. In addition, you can set up your own online storefront with custom categories and list unlimited items for free as well. The only fee we will ever charge is a flat 2.00% final value fee. This means we will only make money when you do. This fee also does not apply to shipping or tax expenses!. Note: This does not include 3rd party PayPal or Google Checkout fees for using these payment methods.
PayPal Fees
When you use PayPal as a payment method, they will charge a 2.90% final value fee on the grand total payment amount (including shipping and taxes). In addition, PayPal charges a fixed $0.30 on all payments by default.
Google Checkout Fees
Another payment method that UniSquare accepts is Google Checkout. They use the same fee structure as PayPal: 2.90% final value fee on the grand total payment amount plus a flat $0.30 fee on every order.
Note: For both PayPal and Google Checkout, their fees can be discounted depending on the volume of sales you perform through them. They both follow the same model:
| Online Payment Processors | ||
| Your Total Monthly Sales | PayPal Fees | Google Checkout Fees |
| $0 - $3,000 | 2.90% + $0.30 | 2.90% + $0.30 |
| $3,000 - $9,999 | 2.50% + $0.30 | 2.50% + $0.30 |
| $10,000 - $99,999 | 2.20% + $0.30 | 2.20% + $0.30 |
| $100,000+ | Call 1-888-818-3928 | 1.90% + $0.30 |
Absolute Total Fees at UniSquare
If a sale is completed using Check, Money Order or Payment on Local Pickup, then the absolute total fee for the entire sale is a 2.00% UniSquare final value fee. On the other hand, if you sold an item using PayPal or Google Checkout payment methods, you need to add the 2.00% UniSquare fee plus the PayPal or Google Checkout fee. Meaning: the absolute total fees for everything including PayPal or Google Checkout turns out being 4.900% + $0.30. So the amount of profit you make depends on your payment methods. Although, PayPal and Google Checkout can be much safer to use.
One of our goals was to limit the total amount of fees to under 5.00% because PayPal and Google Checkout is going to actually take more money in fees on each sale than UniSquare does!
Comparing eBay Fees
eBay's Auction Format Fees - As of December 3rd, 2011, eBay is running a special where there are no listing fees applies with up to 50 items in the auction format only, per month. Otherwise, their fees for auction with starting prices or reserve prices of $0.01 to $0.99 are $0.10 per listing. For any higher starting prices, they charge a fixed fee of $0.25 up to $2.00 to a maximum of a $200 starting price ($1 for $50 starting price). These fees are charged regardless of whether the product sells or not. They also include a flat 9% final value fee. In addition, the PayPal fee is also 2.90% of the final value plus $0.30 for payment. So for a $50.00 item sold at an eBay auction, the absolute total fee with PayPal factored in turns out being 11.90% of the final value fee plus $1.30 or $7.25 if the item sells. If an auction with a $50 starting price did not sell, the fee would be $1.00 total. If you factor in their free listing special, the total fee is still the same (11.90% + $1.30), but there would be no charge if item did not sell.
eBay's Fixed Listing Format Fees - All items listed over $0.99 are charged a fixed $0.50 fee regardless of whether the item sells or not. If the item did sell, there would be a 11% final value fee added for the first $50.00 on all sales. They would also charge an additional 6% on the final value between $50.01 and $1,000.00 and another 2% for the remainder of the final value above $1,000.00 sold. PayPal also charges a 2.90% of the final value plus $0.30 fee. So for a $50.00 item sold as a fixed Buy-It-Now listing at eBay, the absolute total fee with PayPal factored in would be 13.90% plus $0.80 or $7.75 if the item sold. Otherwise it would be a flat $0.50 fee if the item did not sell.
Bells and Whistle Fees and eBay - In addition, eBay charges a number of small fees for listing enhancements. Some of these include bold text, subtitles, reserve prices, extra images, buy-it-now feature on auctions, listing in 2nd category. In addition, business and industrial items, cars and vehicles, books and other specific categories have additional fees that can be as large as a flat $125 fee in addition to the normal fees. At UniSquare, ALL of these bells and whistles are free and ALL categories incur the same flat 2% final value fee!
Fees, Savings and Profits Calculator
We provided two calculators to compare our fees to eBay in auction listing format and fixed price listing formats. These will show you what kind of fees you will pay at UniSquare vs eBay with the figure on how much money you save and how much additional profits you can make. These figures will help guide you to choosing the optimal prices and what you need to price your items at to meet your profit goals. Note: These calculators do not factor in bells and whistles fees from eBay.
Savings Versus eBay For Auctions Format:
Savings Versus eBay For Fixed Listings Format (Buy It Now):
