Credit Card Transaction Rates
We use Stripe, which means as a vendor, you will also need to get a Stripe account. It’s completely free to sign up and use their service. You link it directly to your bank account and they are very reasonable in their fees. We use Stripe because they accept so many different credit cards and because of their reasonable rates. Click here to sign up for an Stripe account.
Here are Stripe’s transactions RATES:
2.9% + 30¢ per transaction
Jamo Records absorbs the costs of those transaction fees, so we pass them onto you. But since we don’t charge on a per-transaction basis, we just charge a flat percent. It’s a lot easier to figure up exactly how much your fees are too.
Here are Jamo Records transaction RATES:
3.2% per transaction
We pay you 90% of your sales for commissions. We decided to keep the minimal amount we needed just to keep the doors open. (so to speak)
We disburse your commissions automatically each week but you can request for an early withdrawal. You get 4 free withdrawal requests then it’s $1.50 per withdrawal. It’s important to note that you will not receive a commission until you reach at least $10 in your account. You can totally manage your withdrawal requests, account information, sales reports, and all kinds of good stuff in your Vendor Dashboard. There are tools in there to help you run an online business. Learn more about the Vendor Dashboard features and get a sneak peek at it by clicking here.
Waiting Period For Withdrawal
We have a maximum waiting period of 24 hours for you to be able to receive commission on your sale and withdraw your money. So you will not wait any longer than 24 hours after a sale before you money is available for withdrawal.
If you have any questions about your commission, transaction, or withdrawal rates please email us at [email protected].