Encore has a 7% seller transaction fee, with no payment processing fee for sellers, meaning the total fee charged is 7% of the item's price. For example, if you sell a $100 item, you will be charged a $7.00 transaction fee. There is a Stripe payout fee of 0.25% + $0.25, so if you sell a $100 item, you will be paid $92.52.
Here's the math broken down:
- $100 item sells
- Seller fee: 7% seller fee -> $93 payout
- Stripe payout fee: ($93*0.25% + $0.25) = $0.48 -> $93-$0.48 = $92.52
- Final transfer: $92.52
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