FAQs on Payments and Fees
What you need to know about Payments and Fees
Q1: What payment methods can I use on Vending Village?
A1: Currently all transactions are handled by Stripe using any major credit card such as Visa or Mastercard. More payment methods such as wire transfers are coming soon!
Q2: When are payments released to sellers?
A2: Payments are released to sellers after the buyer confirms receipt of the listing in the agreed condition, typically within a few days post-delivery confirmation.
Q3: How are transaction fees calculated?
A3: Transaction fees are calculated as a percentage of the sale price. We charge 5% on each side of a transaction. For example, if an item is listed for $1000, the buyer will pay $1050 ($1000 + 5%) and the seller will receive $950 ($1000 minus 5%). We cover all credit card transactions fees as part of our platform fee.
Q4: Is my financial information safe on Vending Village?
A4: Yes, we partner with Stripe to ensure that all financial transactions and personal data are kept secure using the highest possible security methods available today.