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Getting Paid

Getting Paid – How It Works

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.
  • The net payout to the seller is 104.40 dollars.