Joining, opening, and operating a shop on SAKANTO is completely free. Below you will find a clear explanation of the fees associated with selling on SAKANTO.
Listing a product on SAKANTO is completely free. You can list an unlimited number of products for free on SAKANTO and they will remain live until they sell.
Our fees can be broken down into two parts, a Transaction Fee, and a Payment Processing fee.
Transaction Fees – 5%+0.20p
When you make a sale through SAKANTO you will be charged a transaction fee of 5% of the displayed price of each listing and 0.20 cents per item sold.
The amount billed is a % of the total sale price + flat fee per order for all types of sales, national and international. Fees are billed for $0.20 USD, so if your currency used in the bank account added in the shop settings is not USD the amount may vary based on exchange rates.
Payment Processing Fees
Stripe Instant Payment system – 4%+Stripe Fees
Payments will be processed via Stripe, this allows us to make instants payments to you on the receipt of your sale. The processing fee for these transactions is 4% + Stripe payment fee. This is to ensure that we can make instant payments and that the transactions are secure. Stripe’s payment processing fees depend on your country and the country of the buyer, check Stripe’s pricing here.
The amount billed is a % of the total sale price + flat fee per order for all types of sales, national and international. Fees are billed for £0.20 USD, so if your currency used in the bank account added in the shop settings is not USD, the amount may vary based on exchange rates.
PayPal – 5.9%+PayPal Fees
You can choose to be paid via PayPal, please be aware that PayPal payments are not instant and can take between 24-48hrs to be processed. The processing fee for these transactions is 5.9% + PayPal payment fee. PayPal’s payment processing fees depend on your country and the country of the buyer, check PayPal’s pricing here.
The amount billed is a % of the total sale price + flat fee per order for all types of sales, national and international. Fees are billed for $0.20 USD, so if your currency used in the bank account added in the shop settings is not USD, the amount may vary based on exchange rates.
We know that every seller’s advertising budget is different and we don’t feel that your budget should dictate if you can or can’t promote your products. To this effect, we invite you to offer a figure you feel is suitable for us to advertise your product. Please use the Feature your Shop and Feature your Product buttons on your seller dashboard and follow the instructions on the popup to select what, where and when you want to advertise your shop or products.
After selecting your requirements you are going to make an offer on how much you want to spend for that advertising spot. Once a review process from our customer service team, and in case of acceptance, you are going to receive a proforma invoice. In case that the slot is already taken or a bigger offer has been made, our customer service team may offer you another slot.
The advertising slot needs to be confirmed and paid to our bank account 7 days prior to the start of your advertising campaign.
SAKANTO, although we have put in place all reasonable measures to ensure your advertising campaign is fulfilled, we cannot be held responsible to fulfil these duties in case of 3rd party failures, extreme weather conditions affecting services related but not limited to the site, or any other unforeseen circumstances.
Paying your SAKANTO Bill
All Stripe sales are paid instantly so you don’t have to worry about paying. Stripe automatically deducts fees from your sale and deposits the money into your Stripe account, which you can withdraw at any point. In the Stripe Dashboard, you can see the amount paid by the customer (net) and the amount to be deposited into your account.
If you are using PayPal as your preferred payment method your payments will be processed and sent automatically to your PayPal account within 24hrs of your sale.
You are responsible for collecting and paying any taxes associated with using and making sales through SAKANTO’s services. Please also be aware that when selling products outside of your country of origin, your buyers have to pay a customs fee, we recommend that you remind them of this.