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FAQ > Transactions, Fees, Balance & Pay-outs
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- Wigix's transaction fees are tiered.
- For items that cost under $25 (does not include tax and shipping), we charge nothing.
- For those from $25.01 to $100 (excluding tax and shipping), we charge $1.50 from the buyer, and $1.50 from the seller.
- For those from $100.01 to $1000 (excluding tax and shipping), we ask for an additional 2% of the portion above $100.
- For those above $1000 (excluding tax and shipping), we ask for an additional 1% of the portion above $1000.
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| Final Price | Of $25 Base | Of $100 Base | Of $100.01 - $1000 Portion | Of $1000+ Portion |
| < $25 | $0 | | | |
| $25.01 - $99.99 | $0 | +$1.50(buyer) +$1.50(seller) | | |
| $100 - $1000 | $0 | +$1.50(buyer) +$1.50(seller) | +2%(seller) | |
| $1000+ | $0 | +$1.50(buyer) +$19.50(seller) | +1%(seller) |
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Example:
Transaction # 1
Seller's Fee:
Final selling price: $140
Transaction price = $1.50 + ($140 - $99.99 base) * 2%
= $1.50 + $40.01 * 2%
= $1.50 + $0.8002
= $2.30 from the seller
Buyer's Fee: $1.50 from the buyer
Transaction # 2
Seller's Fee:
Final selling price: $1140
Transaction price = $19.50 + ($1140 - $1000 base) * 2%
= $19.50 + $140 * 1%
= $19.50 + $1.40
= $20.90 from the seller
Buyer's Fee: $1.50 from the buyer
- Feel free to use our Transaction Fee calculator on our About Us page.
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- No!Wigix.com has no listing fees; only transaction fees.
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- Please see our page on how to buy and sell items on Wigix.com.
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- Please see our page on how to buy and sell items on Wigix.com.
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- Buy and sell orders can be listed until a certain date, or until you cancel it. You are prompted to set this attribute when you create the order.
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- Currently, all purchases are completed through Paypal.
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- All your transactions are listed in the "Orders" list in your MyWigix profile. These include all buy and sell orders.
- This history will remain here for your reference.
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- Yes! Any open order can be edited. Visit your listing of "Orders" in your MyWigix profile. Find the order you wish to edit. Select the "View this Order" option from the drop-down menu on the right hand-side
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- Any open buy or sell order can always be cancelled before payment. However, once a sale has been paid, you cannot back out.
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- Your Balance list is available through your MyWigix profile and it lists all the transaction fees that have been accrued. Wigix will send you a complimentary e-mail also listing these transaction fees. A process is in development on how to pay through this section.
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- Wigix wants to build a community and believes in sharing the fruits of such labor. Our goal is to develop a marketplace where contribution is rewarded.
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- The amount that you earn from Wigix is always available through the "My Contributions" (left-hand side) link in your MyWigix profile. Once you've accumulated at least $25.00, you have the option of keeping the money in your Wigix account or be sent to you. A mechanism will be in place soon for you to inform us on how you want to receive your funds.