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Selling on PeerMetals is straightforward, with sellers only paying a platform fee and payout fees. Below is a detailed breakdown of the associated fees to help sellers plan effectively.
The platform fee is variable, ranging from 2.75% to 2.00%, depending on the number of Metal Points the seller has accumulated. The platform fee is how PeerMetals make money. This allows us to continue to stay in business, and expand our operations to provide a better service to sellers and buyers. Platform fees are automatically taken out your final withdrawal balance displayed on the Seller Hub. Metal Points determine the seller’s reputation level and corresponding commission rates:
Level 5 (5000 Metal Points):
Commission Fee: 2.50%
Level 15 (15000 Metal Points):
Commission Fee: 2.25%
Level 50 (50000 Metal Points):
Commission Fee: 2.00%
Payout fees are collected to cover the costs of processing your payments through Stripe. PeerMetals does not make any money off of payout fees. Sellers can choose between standard or instant payout options:
Standard Payout (1-3 Days):
Fee: 0.25% + .25 cents of the total payout amount
Ideal for sellers who don’t need immediate access to funds.
Instant Payout (Within Minutes):
Fee: 1.00% of the total payout amount
Provides rapid access to funds.
PeerMetals does not charge any hidden fees; sellers only pay for the platform fee and payout fees based on their chosen method.
By understanding these fees, sellers can make informed decisions and maximize their earnings on PeerMetals. If you have any questions, feel free to reach out to contact our support team for assistance.
