Get Out of Bonanza Fees In 3 Easy Steps
Bonanza is a popular online marketplace for people to sell goods to each other. It's a friendlier eBay and a more casual Amazon for peer-to-peer selling. However, it does take some time for sellers to get their feet under them and begin making a profit. One of the biggest trip-ups for new sellers is the Bonanza seller fees. While the baseline fees are reasonable, add-ons and extra services can add up to over 30% of every sale. How much does Bonanza charge sellers for each sale and can you get out of seller fees that don't line up with your business strategy?
Let's dive into structure and explore the types of Bonanza seller fees that DoNotPay can help you dispense with.
How Much Does Bonanza Charge per Transaction?
The table below shows the different .
|Baseline Bonanza Selling Fee
Without advertising or booth promotion, the baseline are 3.5% of your Final Offer Value or FOV. FOV is calculated by the asking price plus shipping minus $10. Or Price +(Shipping - 10) = FOV. So if you sell a $50 item with $12 shipping, your FOV is $52, and Bonanza's cut from the $62 that you receive is $1.82
For FOVs over $500, Bonanza will take their 3.5%, plus the advertising percent, plus another flat 1.5% for a total of 5% of your best sales plus advertising.
|Bonanza Advertising Fees
Of course, where Bonanza gets you is the cost to promote your booth. Your booth will not be seen by most Bonanza shoppers unless you sign up for Bonanza Advertising. This is a sliding scale of % cut you'll give Bonanza for providing new customers. The costs can inflate quickly from an additional 9% cut up to a full 30% of all your sales using the advertising feature.
|Sellers using Bonanza Promotions, which discounts items, will also wind up paying the full fee amount for the product's original value - not the percentages of the actual sale you make at the discounted price.
How to Dispute and Refund Bonanza Seller Fees on Your Own
"Sellers have up to 180 days from the date of the transaction to request refunds on the final value fees. Final value fee refund requests on transactions outside of 180 days will not be honored, no exceptions." - Bonanza Pricing
Bonanza does include a system to dispute and request refunds from your FOV fees. However, the system is not outlined or revealed other than to say that there is a 180 statute of limitations on fee disputes.
Fee disputes can happen if you are charged a fee that doesn't match your FOV, if a customer returns an item or cancels a sale before it ships, and other normal e-Commerce hiccups. however, you may also be able to dispute fees if Bonanza has incorrectly or cripplingly taxed your sale with additional fees.
To Request a Bonanza Fee Refund
- Complete any customer refunds
- Navigate to "Billing Statements"
- Select month of the transaction
- Click the 'x' next to the refunded order
- Write a detailed refund report and request
- For partial refunds, email support
Email Bonanza Support
Next Steps to Waive Bonanza Seller Fees if DIY Doesn't Work
Many Bonanza sellers become frustrated with fee management. Between the large potential for a high fee percentage and the difficulty achieving a refund when appropriate, the DIY method for fair Bonanza selling fees might not always work. Fortunately, you still have options. As an online service, DoNotPay can take your case straight to the source.
Tell us the details of your fee and situation and we'll handle communicating with the marketplace on your behalf. Get unfair and poorly handled fees dealt with swiftly.
Here's How You Can Use DoNotPay to Appeal Fees
- Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal.
- Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one.
- Submit your case! DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing.
DoNotPay Can Get Back Fees From Any Company With the Click of a Button
DoNotPay's fee-fighting service works with any company or organization with the same simple steps.
- Appeal eBay Fees
- Avoid Coinbase Fees
- Avoid Etsy Fees
- Appeal Chase Checking Account Fees
- Get Back Robinhood Fees
- Waive HOA Fees
- Appeal Paypal Seller Fees
- Get Back Spirit Airlines Baggage Fees
- Get Back American Airlines Baggage Fees
- Avoid Shopify Fees
What Else Can DoNotPay Do?
DoNotPay was designed to make life easier in a variety of ways. Here are a few more ways we can save you time and money this year.
- Get Standardized Legal Documents
- Contact Embassies and Consulates
- Create Passport Photos
- Discover and Apply for Scholarships
- Appeal a Banned Account
- Notarize Any Document
- Airline Flight Compensation
- Reducing Property Taxes
- File a Complaint
Selling on Bonanza doesn't have to be difficult or costly. Once you get the hang of pricing and shipping, DoNotPay can help you avoid unwanted or surprise Bonanza seller fees.