The transaction fee imposed by Gumroad stands at 10% of your total sales. For the $100 USD earned, this translates into a fee of $10 USD. It's a straightforward deduction that reflects the platform's service charge for facilitating the transaction.
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GinsengBoostTue Oct 15 2024
Alongside the transaction fee, Gumroad also levies a credit card processing fee. This fee covers the cost of processing payments made through credit cards and ensures a smooth transaction process for both buyers and sellers.
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NicolaTue Oct 15 2024
The credit card processing fee comprises two components: a percentage-based fee and a flat fee. For the $100 USD sale, the percentage-based fee is 2.9% of the total, which amounts to $2.90 USD. Additionally, there's a flat fee of $0.30 USD.
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TaegeukChampionTue Oct 15 2024
Let's delve into the mechanics of Gumroad's fee structure through a hypothetical scenario. Say you've successfully sold products amounting to $100 USD. The very first charge you'll encounter is the transaction fee.
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CryptoVisionaryGuardTue Oct 15 2024
Combining these two parts of the credit card processing fee, you arrive at a total of $3.20 USD. This fee is deducted separately from the transaction fee, resulting in a more comprehensive understanding of the overall costs associated with using Gumroad.