I’ve obviously already posted about this, but I feel like ranting
Ribblr not taking out their fees in the total income makes it SO HARD for someone like me to manage their money.
Especially because I’m still struggling with stripe, it isn’t my bank account which we thought last time. Stripe hasn’t paid me in over a week. The shortest amount of time they’ve held my money is 5 days. They also are taking pretty much all the income I’ve made in fees, leaving me with a good 30 cents per pattern.
Now clearly nobody can help me, but maybe someone can relate. As im becoming quite fed up. Its so hard to grow your small business, and support it when you’re only making 30 cents.
This is again, just a rant in hopes someone can relate
stripe is 2.9% plus $.30 no matter what the total is, then ribblr takes out their $.25 min. If you want to make more than that, then you need to price your items so that you can accommodate the fees. ribblr has the lowest fees around, if you factor in that they don’t charge you a listing fee, and stripe charges a lot less that other platforms I’ve used.
You always have great feedback! But i could never justify upping my prices to something they arent worth just because stripe gets more money from my sales than i do
I plan to open a website eventually, but regardless its still hard to earn anything with stripe when they make more money off of my patterns than I do. My prices would end up too high to bother with. Since that 2.9% goes up as the price does, If i charge 3 dollars for a pattern, I’d end up with half of that
Imo that’s a lot for a small business. When the people who charge the fees get more than the small business its just not worth it after you end up paying taxes.
No, not really. If you think it out. It’s only 30 cents for the transaction then 3 cents per dollar… 3 cents is hardly more that you will make and the 30 cents never changes, so the more you charge the lower percentage goes to them. Same for ribblr. They make 4 cents per dollar unless that comes to less than 25 cents then they only charge the 25 cents. So if you increased your price to only $1.50 you would nearly triple the amount you make per pattern but the fees would only go up by abiut 2 cents
Also, in the US, you have to make more than $600 before the irs gets anything, and that is after you remove all those fees and the cost of your materials
Idk im dyscalculic a relative helped me w math
At $1.50, your stripe fees should be 30 cents plus 5 cents (if they round up) ribblr will charge you 25 cents
That’s 60 cents taken from $1.50 leaves you 90 cents before any bank fees.
I know you mentioned above you dont want to raise your fees. I do know etsy isnt any better not sure on raverly. As a designer myself consider how long it took you to get the pattern competed. Youd be surprised what people would spend.
I want to also add your designs are cute! And worth way more then your charging. Especially the bunny.
Everyone tells me this
But anytime I’ve sold something for more it’s flopped and done awful, it made more sense to me to make it cheap because it has more buyers…
But apparently not. I’ll keep note of this, it really means a lot that you think that of my work
The peep is like 13" tall, but he’s not super thick, he’s relatively flat
Your patterns are definitely worth charging for platform fees! As any product is