Makolaa is committed to providing a transparent and fair pricing model that allows sellers to maximize their profits while benefiting from a thriving marketplace dedicated to Black-owned businesses. This guide explains how our commission structure works and what you can expect when selling on Makolaa.
1. Makolaa’s Flat Commission Rate
- Makolaa charges a flat 7% commission on each transaction.
- This commission is deducted from the total order amount (excluding taxes and shipping fees).
- There are no additional fees for creating a store or listing products on the platform.
- You keep 93% of every sale, ensuring more profit stays with you!
2. How the Commission is Applied
When a customer makes a purchase, Makolaa automatically deducts the 7% commission before transferring the remaining balance to your account. Here’s how it works:
Example Calculation:
- Product Price: $100
- Shipping Fee (if applicable): $10
- Total Order Value: $110
- Makolaa’s Commission (7% of $100): $7
- Amount You Receive: $103 ($100 – $7 commission + $10 shipping)
3. Payment Processing & Payouts
- Payments are processed through Stripe, Makolaa’s secure payment partner.
- Your earnings (after commission deductions) are deposited directly into your Stripe-connected account.
- Payouts are typically available within 5 business days, depending on Stripe’s processing timeline.
4. Why a Flat Commission Model?
Our 7% flat commission ensures:
- Predictability: No hidden fees, making it easier to price products.
- Affordability: Lower commission rates than many other marketplaces.
- Simplicity: A straightforward fee structure without complicated tiers or subscriptions.
5. Maximizing Your Earnings on Makolaa
- Set Competitive Prices: Factor the 7% commission into your pricing strategy while staying competitive.
- Offer Bundles & Upsells: Increase your average order value to maximize revenue per sale.
- Leverage Free Listings: Since there’s no listing fee, you can showcase as many products as you like.
- Promote Your Store: Drive traffic through social media and marketing to increase sales volume.
6. Frequently Asked Questions (FAQs)
Q: Do I have to pay to list products?
A: No, Makolaa does not charge a listing fee. You can add unlimited products at no cost.
Q: Are there additional payment processing fees?
A: Stripe may charge standard processing fees, but Makolaa itself only deducts a 7% commission per transaction.
Q: How often will I receive payouts?
A: Payouts are processed within 5 business days after a completed transaction.
Q: Does Makolaa take a commission on shipping fees?
A: No, the 7% commission is only applied to the product price, not shipping or taxes.
Q: Can I change my pricing to account for the commission?
A: Yes! Many sellers slightly adjust their prices to factor in the 7% commission while remaining competitive.
