Get Paid With Ease: Understanding Payouts On Bidsheet

As a seller on Bidsheet, it's important to understand the payout process. In this video, we break down the payout section so you can get a better understanding of what to expect.

By going to the top right of your screen and clicking "Payouts". The payout section displays important information such as the date the payment was made by the buyer, the order number associated with the payment, the sales amount, and the fees that are deducted from the total amount. The "Net Amount" is what you will receive at the end of the transaction.

The status of your payout will display as "In progress" until the signed BOL is uploaded and photos of the pallet are uploaded, which will then change the status to "paid." You can also check your payout account to see what is pending payment and what has already been paid out to your account by selecting "Manage payout account".

At our platform, we have a straightforward fee structure for sellers. We do not charge any fees for listing an auction. As a seller, you can create as many auctions as you want, without incurring any fees. We only charge a fee of 9% of the final sale price if the transaction goes through and you approve the bid. This fee is only withdrawn from the payout, and it covers the cost of running the platform and providing customer support. We believe in transparent and fair pricing, and our fee structure reflects that.

We hope this information has been helpful. If you have any questions, feel free to reach out to us for additional assistance at support@bidsheet.io.