As the marketplace admin, you can charge a commission fee on all transactions conducted within your marketplace. You can charge a commission from providers, customers, or both. To do so, you need to type in a percentage number in the "Provider commission" and "Customer commission" fields in Console β Transactions β Commission.
If you don't want to charge commission fees from transactions, you can set either or both the provider and customer commission fields at 0%. Bear in mind that Stripe processing fees will still apply.
How does it work in practice?
As an example, imagine you set the provider commission at 10% and the customer commission also at 10%. For a listing priced at $50, the customer would be charged $55, which includes a 10% commission on the listing price. Out of this, $45 is designated for the provider's payout. Meanwhile, as the marketplace, you would collect $10 in total ($5 from the provider and $5 from the customer) before any Stripe processing fees are deducted.
Can I set different commission fees?
By default, you can only set a single percentage commission fee that applies to all providers and/ or customers. With code customization, you can set different commission fees for different users, different listing types, and so on.
Can I charge a fee for creating listings?
You can charge a listing fee each time a provider wants to publish a listing on your marketplace. Learn more in this article.
Can I set up a subscription or membership option?
You can indeed also charge your providers a subscription fee to allow them to post listings on your marketplace. Learn more in this article.