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This policy is a part of our Terms and Conditions. By becoming a merchant on Coopita, you are agreeing to this policy and our Terms and Conditions.

 

1. Types of Fees 

Merchants may be required to pay the following types of fees: 

 

Coopita's Transaction Fees 

When you make a sale through Coopita, you will be charged a transaction fee of 5% of the item price. This percentage does not apply to the shipping cost or tax. Transaction fees will appear in your Coopita Statement of Accounts, which can be viewed . The Transaction fees will be deducted from the transaction amount as the funds become available for deposit. 

 

Payment Processing Fees 

Coopita's payment service provider is Braintree, a division of PayPal. Braintree charges a payment processing fee for processing each transaction; the cost of this payment processing fee will be transferred to the merchantAs at the date this policy came into force, this fee is 4% and is assessed on the total amount of the sale, including shipping. The payment processing fee is deducted from the transaction amount as the funds become available for deposit. Payment processing fees will be reflected in your Coopita Statement of Accounts 

 

Advertising Fees 

If you purchase an ad (which we call a Promoted Listing) through Coopita, you will be charged separate advertising fees. Advertising fees vary by opportunity and will be clearly outlined before you commit to purchasing an ad. You will be able to determine a daily advertising budget, and Coopita will not charge you more than your daily budget. Please contact the Coopita Team for more information. Advertising fees will be reflected in your Coopita Statement of Accounts 

 

Shipping Fees 

Shipping fees will be decided by the merchant at the listing stage and will be paid by the buyer at the point of sales.  

 

Currency Conversion 

All fees that appear on your Coopita Statement of Accounts and/or Coopita bill are in Singapore Dollars.   

 

If you do not have a PayPal Account and your bank account is outside of Singapore, you will be charged 2.5% over the current market rate to send funds to your bank account. 

 

2. Fee Avoidance 

Any action by a merchant to avoid paying a fee is considered fee avoidance and is strictly prohibited by Coopita. This includes, for example, encouraging buyers to purchase an item in your Coopita Shop through another venue. The price stated in each listing description must be an accurate representation of the sale. Merchants may not charge excessive shipping fees. Merchants may not alter the item's price after a sale for the purpose of avoiding Coopita’s transaction fees, misrepresent the item’s location, or use another user's account without permission. 

 

3. Settling your Coopita Statement of Account 

At the end of each month, Coopita will transfer your monthly transaction amount, minus the amount due for the month's fees and charges mentioned in Paragraph 1 above.  All fees and charges can be viewed in your Coopita Statement of Account.  

 

 

4. Taxes 

You are responsible for collecting and paying any taxes associated with using and making sales through Coopita’s services.  

 

 

This policy was last updated on 5 September 2015