VENDOR PLANS

PLEASE NOTE: The appropriate currency will reflect according to your Store location.

At GotAegyo, we create transparent pricing plans (no hidden fees) and flexibility to set the expectations of our Sellers.

But first let us also be transparent what types of fees are charged to us by the Payment Gateways such as Stripe and PayPal which include the card rails (MasterCard, Visa, American Express).

·       Transaction fees

·       Payment Processing

·       Interchange or Conversion Fees

·       + fixed fees (normally shown as added £ or $ or according to your currency)

·       Monthly fees (for payout)

By the time we pay all fees, there’s very minimal left, and yet, it is still subject to operational costs. This means, we are going to depend on the volume of the transactions to stay afloat.

Every year, we face price rise and we will try our hardest to keep them at bay so as not to affect your vendor plans.

TO AVOID OTHER FEES: Please ensure that you describe your products with care and avoid disputes as Chargeback fees from any payment gateway can cost you between £20 to £100.

TYPES OF VENDOR PLANS TO CHOOSE FROM:

·       AUTO PAY PLAN (MUST HAVE PayPal and STRIPE accounts) – This plan is for Sellers who prefers to receive payment automatically. PayPal or Stripe* pays your account automatically every week on Fridays for all the sale you’ve made that week. There will be no manual reconciliation for both GotAegyo and the Seller and you can track all of it in your Paypal or Stripe’s respective accounts.  The breakdown of fees are as follows:

Monthly fee of £2.50

Transaction** fee of 10.5% +fixed fees from payment gateway £0.20

·       STANDARD PLAN – This plan is for Sellers who chooses to be paid manually using the account of choice (like Wise, bank to bank etc) monthly and outside of the auto-pay capabilities. The sales made will be stored in Accounting section and you can request the withdrawal of your balance.

Transaction fee of 10.5% +fixed fees from payment gateway £0.20

Fee charged by the chosen platforms (if applicable)

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Stripe* is a global payment gateway that enables the card rails (debit or credit cards) for payment.

0.50% discount has been applied to Transaction** for all merchants joining us in 2024 as part of launch plans.