Is BitzofBytes Marketplace free for businesses?
BitzofBytes Marketplace is free for all businesses to use as a portal for better service to customers however listing products is free but managing products/services there is a small fee for the use of the checkout. You can literally list your products in minutes and start selling, which helps you streamline the conversion funnel and boost sales.
Communicate with buyers and sellers
BitzofBytes is a communication network, so it knows how to keep you connected. Bitz buyers and sellers can message one another via Direct Messenger. Take note, when posting items, provide a lot of detail in the ad, so you don’t waste time answering questions about the product or turning down lowball offers. Convenient communication avenues are terrific, but you don’t want avoidable queries to flood your inbox.
Messenger chats are also an excellent way for business owners to build trusted relationships with their community, make local connections, and network with business associates more privatley and without the "Big Business" marketing via user tracking etc...
Listing fees:
Unlike other commerce platforms, you can list items, offer services, or post job openings for free on Bitz Marketplace. To take advantage of any FREE listing the end user must have an account with a "wallet" balance of $5 or more as a safety feature.
Seller fees: If you sell items from a “shop” and use the marketplace checkout, Bitz charges 5% per shipment or $0.40 for items $8.00 or less.
Some fees will apply when you use Bitz Shop to sell products and let customers check out on our platform.
Selling fee
When you make a sale, we deduct a fee from your payout automatically. We call this a selling fee. The selling fee is 5% per shipment, or a flat fee of $0.40 for shipments of $8.00 or less. You keep the rest of your earnings.
Here's an example of how we apply the selling fee to your sales. Let's say that you're fulfilling an order with multiple items in 2 shipments:
If the first shipment is $10.00 USD, we'll deduct $0.50 for the selling fee.
If the second shipment is $6.00, we'll deduct $0.40 for the flat fee.
The selling fee:
Includes taxes.
Includes the cost of payment processing.
Applies to all checkout transactions for all product categories on Facebook and Instagram.
Helps fund other programs for a good buying and selling experience.
Chargeback fee
If a customer files a chargeback, we'll place a hold on the transaction amount until the chargeback is resolved. Any fees that you incur will appear in your financial reports.