Enter your sale price, shipping cost, and payment method into the calculator to determine your total fees on Grailed.
Grailed Fees Calculation Formula
The following formula is used to calculate the total fees from your sale on Grailed.
Total Fees = (Sale Price + Shipping Cost) * Payment Fee Rate + Fixed Fee + Sale Price * Grailed Fee Rate
Variables:
- Total Fees is the total amount of fees deducted ($)
- Sale Price is the price of the item sold ($)
- Shipping Cost is the cost of shipping the item ($)
- Payment Fee Rate is the percentage of payment processing fee (%)
- Fixed Fee is the fixed fee charged by the payment processor ($)
- Grailed Fee Rate is the percentage of Grailed’s fee (%)
To calculate the total fees, multiply the sale price and shipping cost by the payment fee rate, add the fixed fee, then add the product of the sale price and Grailed fee rate.
What is Grailed Fees Calculation?
Grailed fees calculation refers to the process of determining the total amount of fees deducted from your sale on Grailed. This involves understanding your sale price, shipping cost, payment method, and the applicable fee rates. Proper fees calculation ensures accurate budgeting and pricing of your items.
How to Calculate Grailed Fees?
The following steps outline how to calculate the total fees using the given formula.
- First, determine your sale price and shipping cost.
- Next, determine the applicable payment fee rate and fixed fee based on your payment method.
- Use the formula from above: Total Fees = (Sale Price + Shipping Cost) * Payment Fee Rate + Fixed Fee + Sale Price * Grailed Fee Rate.
- Finally, calculate the total fees by plugging in the values.
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem:
Use the following variables as an example problem to test your knowledge.
Sale Price = $100
Shipping Cost = $10
Payment Method = PayPal
Payment Fee Rate = 2.9%
Fixed Fee = $0.30
Grailed Fee Rate = 6%
FAQ
1. What are Grailed fees?
Grailed fees are the charges deducted from your sale on Grailed, including payment processing fees and Grailed’s own fees.
2. How are Grailed fees calculated?
Grailed fees are calculated based on the sale price, shipping cost, payment fee rate, fixed fee, and Grailed fee rate.
3. How often should I use the Grailed fees calculator?
It’s helpful to use the Grailed fees calculator whenever there’s a change in your pricing, shipping cost, or payment method, or if you want to budget your finances more accurately.
4. Can this calculator be used for different payment methods?
Yes, you can adjust the payment method field to match your payment method to calculate the total fees accordingly.
5. Is the calculator accurate?
The calculator provides an estimate of your total fees based on the inputs provided. For exact figures, it’s best to consult your Grailed account or payment processor.