Facebook has taken big steps to launch a Facebook shop which is a free tool aimed to help merchants create customized online storefronts for Facebook and Instagram.
On this social e-commerce Platform, sellers can list any kind of products as many as they want to sell. While Facebook providing you many options to promote your shop products on its platform for free.
Moreover, Facebook put the strong efforts to help for the economic recovery during COVID-19 and in particular, it wants to share some new product updates that have been part of its planning to help small businesses.
As we all know, the corona isn’t just a health emergency and also, it’s also the biggest economic shock that we felt in our lifetimes. People are being told to stay home as a result small businesses are having a hard time staying open and millions of people are losing their jobs.
Challenges behind new e-commerce stores are setting up ship stations, monitoring the transparent payments, and deciding the seller charges on product sales. The next thing is how to add a shop payment option to your FB page store? Therefore, Facebook finding the best solutions by partnering with giant e-commerce channels to avert the customer’s and seller’s vagueness.
For instance, first, look up at the big e-commerce stores which charging the selling fees of 5% for shipment or a flat sale fee of 0.4 %. Whereas, you can observe fees like Referral fee, starting from 2%, varies by category, and varies by product on online shops.
Similarly, Facebook includes taxes like the cost of payment processing which are actually the credit card swipes or whatever cards customers using when they buy something.
If you have nothing knowledge of Facebook shops and how they look like? see this Facebook store. You just find out how top Facebook stores selling their products on Facebook? or see the Facebook paint shops and catalogs and like How you can create and manage your products?
Of course, you can add the third-party e-commerce websites from where you can just import the products, and then you can sell those on the FB store. Facebook collaborates with its partners to help small businesses. Thus, it trying to build and grow its stores on Instagram and Facebook.
Some of them are Shopify, BigCommerce, WooCommerce, Channel Advisor and etc.
Facebook Shop Fees in Detail
More or fewer fees apply when you use Commerce Manager to sell products on Facebook or Instagram and allow customers to check on FB(Facebook) platform.
Commission for sale
If you sell something in your shop, Facebook automatically deducts the commission from your payment. FB calls it sales commissions.
5% sales commission for shipping or a flat fee of $0.40 for shipments of $8.00 or less. Keep the rest of your earnings.
Look at an example of how Facebook can apply sales commissions to your sales.
Let it say you are placing an order with multiple items in 2 products:
If the first shipment is $ 10.00 USD, FB subtracts 50 0.50 for the sales commission.
If the second shipment is $ 6.00, FB subtracts $0.40 for the flat rate.
Sales commission:
- There will be taxes.
- Includes payment processing costs.
- It applies to all payment transactions for all product categories on Facebook and Instagram.
- It helps finance other programs for a better buying and selling experience.
- Debit commission.
When a customer submits a charge back, Facebook hold back the transaction amount until the charge back is resolved.
The commissions you receive will appear in your balance sheet.
Conclusion
If you know more about Facebook shop fee, comment below otherwise share this to helpful others.
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