All About Bonanza's New Transaction Fee

As sellers are well aware, marketplaces have continually raised their fees over the years. Bonanza has not made any changes to our fee structure since 2016, despite increasing inflation. As we evaluate the changes to the current economic market, we realize we need to make an adjustment to our pricing policy in order to counter the rise in operational costs. To minimize the impact on our selling community, Bonanza has made the decision to add a flat-rate transaction fee of 25¢ on all completed sales as of the end of August 2022.

• Bonanza is adding the transactional fee to counter rising costs without raising final value fees.
• This is not a listing insertion fee. Sellers can continue to post items to Bonanza for free; the only time this fee will be assessed is after a completed sale.
• All sellers with a Bonanza membership subscription are exempt and will not be affected.
• Sellers can continue to make commission-free sales to negate the final value fee. [Note that the 25¢ fee will still apply]
• Sellers can continue to use rewards tokens toward fee payments.

We recognize that this impacts you as a small business because we are a small business. We are mindful in making a change that is least impactful to our selling community (that is, by adding a small, flat-rate fee of 25¢ rather than implementing a percentage increase). Doing so still allows sellers to list items on Bonanza and external advertising platforms without any up-front costs. We are proud to be the most seller-friendly marketplace, unique in sending all listings to Google Shopping and Bing for advertising at no cost to you. We only charge an (adjustable) final value fee - and now a small transaction fee for non-members - after an item is sold.

If you are also selling on other platforms, you will likely have already addressed the price increases to minimize the impact on your costs. You can update your prices on Bonanza to match those on eBay by using the option "Import new and revised items". If you only sell on Bonanza and need to make any price adjustments to your listings, you can do so in bulk with our Batch Edit Items tool. Contact our support team for step-by-step instructions at [email protected].

We continue to offer you methods to avoid paying final value fees altogether by using your account tools for generating commission-free sales. Whether the buyer arrived from your booth referral link, Customer Marketing Campaigns, or elsewhere on the web, you'll pay no final value fee when you drive customers to your booth.

A popular way to cover the cost of final value fees is to collect and redeem Bonanza Rewards tokens. One of the many prizes you can choose from is a credit to pay final value fees. There are multiple ways to earn tokens. You'll receive 10 each day if you sign in and claim them. Refer a seller to Bonanza to earn 5,000 tokens, or create really terrific hand-picked lists for 50 tokens. Leave a product review after completing your purchase: collect tokens. Earn a badge: collect tokens.

Thanks to our entire Bonanza community for your support and for just being awesome. It's our focus to continue listening to our sellers, so we encourage you to share your feedback with our team at [email protected].