OfferUp Fee Formula:
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The OfferUp Fee Calculator helps sellers estimate the transaction fees charged by OfferUp when selling items through their platform. This allows sellers to price their items appropriately to account for these fees.
The calculator uses the OfferUp fee formula:
Where:
Explanation: OfferUp charges either 12.9% of the selling price or $1.99, whichever is greater. This ensures OfferUp receives at least $1.99 for each transaction.
Details: Knowing the exact fee structure is crucial for sellers to price their items competitively while ensuring they receive their desired profit margin after fees are deducted.
Tips: Enter your item's selling price in dollars. The calculator will automatically compute both the OfferUp fee and your final payout after the fee is deducted.
Q1: Are there any additional fees besides the 12.9%?
A: In most cases, the 12.9% fee (with a $1.99 minimum) is the only fee charged by OfferUp for completed sales.
Q2: When does the fee change from percentage to flat rate?
A: The fee becomes a flat $1.99 when 12.9% of your selling price would be less than $1.99, which occurs at prices below approximately $15.43.
Q3: Are shipping costs included in the fee calculation?
A: No, the fee is calculated based on your item's selling price only. Shipping costs are separate and paid by the buyer.
Q4: When will I receive my payout?
A: OfferUp typically processes payments within 2-3 business days after a successful sale and delivery confirmation.
Q5: Does OfferUp charge fees for local cash transactions?
A: No, OfferUp only charges fees for shipped items or those paid for through OfferUp's payment system. Local cash transactions typically don't incur fees.