In Search Of Powersports Parts uses Stripe for all payments between buyers and sellers. Stripe provides encryption, fraud prevention, ID verification, and secure transactions. A Stripe account is required to buy, sell, and receive payouts.
Sale to Payout Process
The buyer selects a part and completes checkout using Stripe. Stripe holds funds securely in escrow.
The seller must ship the item within 3 business days and upload tracking.
The buyer confirms delivery, or the system auto-confirms 48 hours after delivery. Funds are then released to the seller’s Stripe account.
Deductions from Sale
A 10 percent seller fee is applied for Basic and Premium members, and 8 percent for Power Sellers.
A 3 percent Stripe payment processing fee also applies.
Any applicable Featured Listing fees will be deducted as well.
Payout Timing
Funds are released immediately after the buyer confirms delivery.
If the buyer takes no action, auto-release occurs 48 hours after delivery.
Once released, funds are available in your Stripe account.
Payout Options
Scheduled payouts can be set to daily, weekly, or monthly. Manual withdrawals can be initiated anytime. Instant payouts can be transferred to a linked debit card within 30 minutes for a 2 percent fee per transaction.
Example Payout –
100 dollar item plus 20 dollar shipping, Basic Membership
Total charged to buyer is 120 dollars.
The 10 percent seller fee on 120 dollars is 12 dollars.
The 3 percent Stripe fee on 120 dollars is 3.60 dollars.
