Whenever you sell a product in your shop, you keep the profits between what you sold it for and what the total product cost. The formula is as follows:
Your Profit = Retail Price - Product Cost (supply price + shipping fee + Wahool service fee + transaction fee).
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Retail Price - What you priced your product at
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Supply Price - The wholesale product price
- Shipping Fee - A variable price that is calculated based on the weight and quantity of items ordered according to USPS shipping rates policy.
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Wahool Commission - 8% of the supply price.
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Transaction fee -
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Stripe Fee: 2.9% + .30c charged by Stripe - a third-party payment tool.
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US Sales Tax - 5% flat tax will be collected automatically by based on the customer’s address. Stripe determines the accurate tax calculation, with rooftop level precision in over 11,000 tax jurisdictions (country, state, county, city, district).
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Tax Collection Fee - 0.5% charged by Stripe if sales tax is collected on transaction.
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Example 1 (Sales Tax Included with Shipping): You list an item for $30 and the supply price for that item is $12.50. Your customer places an order for one (1) product in your shop and their order total is $30. Here is how much you you would make from that order:
Total Order Price = $30 (1 * $30 Retail Price)
Cost of Good Sold = $20.27
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Supply Price - $12.50
- USPS Shipping Fee - $5.40
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Item Weight - 0.5lbs
- Order Quantity - 1
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Service Fee - $1 ($12.50 *.08)
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Transaction Fee - $1.37 ($30 * 1.05 *0.034 + .3)
Your Profit = $9.73
Example 2 (Sales Tax NOT Included with Shipping): You list an item for $30 and the supply price for that item is $12.50. Your customer places an order for one (1) product in your shop and their order total is $30. The customer, however, lives in a state where sales tax is exempt. Here is how much you you would make from that order:
Total Order Price = $30 (1 * $30 Retail Price)
Cost of Good Sold = $20.07
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Supply Price - $12.50
- USPS Shipping Fee - $5.40
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Item Weight - 0.5lbs
- Order Quantity - 1
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Service Fee - $1 ($12.50 *.08)
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Transaction Fee - $1.17 ($30 *.029 +$.3)
Your Profit = $9.93