Vendor Information Page: Vendor Fees
Welcome to TeenRiver! We are excited to have you as part of our growing marketplace. Please read the following important information regarding our vendor fees to ensure a smooth experience.
Vendor Fees
To help maintain and improve the TeenRiver marketplace, we charge a 5% commission fee on each successful sale. This fee is automatically deducted from your earnings.
In addition, the following payment gateway fees apply:
- MTN Fee: 2.5% transaction fee for using their payment gateway, applied to the total transaction amount.
- 2Checkout Basic Subscription Fee: A fee associated with processing payments through 2Checkout. Details on this fee will be provided upon setup.
- PayPal Fee: Standard PayPal transaction fees apply. These fees are calculated as per PayPal’s rate for Liberian businesses and deducted at the time of payment processing.
Example:
- Product Price: $100
- MTN Fee: $2.50 (2.5%)
- Commission Fee: $5 (5%)
- Your Earning: $92.50
Payment Schedule
Earnings are paid out after 3 days of a successful sale via your chosen payment method.
- Ensure your payment details are accurate and up-to-date to avoid delays.
Additional Notes
- There is no fee for listing products on TeenRiver.
- The 5% commission and payment gateway fees ensure platform maintenance, payment processing, support, and marketing.
For further questions or assistance, contact our Vendor Support Team at:
- Email: [email protected]
- WhatsApp: +231-887-289-378
We look forward to your success on TeenRiver!