So let’s say I was providing a service like (as an example) register a domain for anyone that orders the gig. I have been a buyer so far on fiverr.
I noticed the processing fee on my orders, is that Fiverr’s cut?
I see prices in Canadian Dollars but let’s use US Dollars…
Let’s say I price $5, Fiverr’s processing fee is going to be let’s say $1, so buyer will be charged $6. How much do I get? Because I am going to register the domain for the buyer. If the domain is costing $4 and Fiverr takes $2 then out of $6, I would get $4 and no profit.
I am using domain buying as an example as in my day job I do purchase domains for clients who don’t want to do it themselves.
What is the % Fiverr takes in? Is it only the processing fee? or is that for what paypal/mastercard/visa/etc…charges them then Fiverr takes something extra for their fee.
I understand Fiverr takes a fee, just like any business that wants to make money. When I purchase a t-shirt for $100 and pay with mastercard, the clothing store won’t see $100. mastercard gets let’s say $3 and the clothing store gets $97.