Palmstreet Official
Dear Palmstreet Sellers! Thank you for being core members of our community, by selling on our platform and servicing our customers.
As a platform, we invest heavily into making buying & selling more fun and simple:
Palmstreet wants to continue to be the best partner for your business. We are going to introduce changes in the following areas: Selling Fees, Trust & Safety, and Auctions.
The goal is to keep the community more sustainable for everyone.
Breakdown of Fees
Trendy LIVE Deduction: If a LIVE event you host becomes Trendy, sales in that specific LIVE will have a 0.33 - 1% selling rate reduction. A Trendy LIVE is a LIVE that has 100 or more bookmarks by the scheduled time.
Referred Buyer Deductions: All sellers, current and new, who refer new buyers will pay $0 on selling fees (all selling fees waved) on products or items purchased by referred buyers for 90 days that come to Palmstreet using the specific seller referral code, seller LIVE show or Purge link, or seller profile link.
Palmstreet Foundation Program: If you sell exclusively with us as your social commerce platform (Facebook and Instagram excluded), you qualify for our Palmstreet Foundation Program! Read more here and to apply!
If the buyer does not use installment payment while making a purchase, processing fees that the seller will pay include:
$0.3+2.9% of the subtotal of the order, charged by Stripe, the payment service provider of the order.
If the buyer uses installment payment, processing fees that the seller will pay include:
$0.3+6% of the subtotal, charged by Stripe and the installment plan provider of the order.
Selling Fee: A % Palmstreet charges to cover operational costs. It applies to both the product price and the shipping cost.
Processing Fee/Stripe Payment Fee: a fee charged by Stripe, a 3rd party company that handles all customer payments. It applies to the product price, the shipping cost, and sales tax. Palmstreet does not take any part of that.
If the buyer does not use installment payment, processing fees that the seller will pay include:
If the buyer uses installment payment via Affirm and AfterPay, processing fees that the seller will pay include:
If the buyer applies the installment via Klarna, the seller will pay:
Monthly Fee: charged monthly, offers lower selling fee + more LIVEs + longer LIVEs
Seller's Starting Date: defined as the first date they list an item for sale in our Shop or the first date they actually go LIVE
