Flippa is a well-known online marketplace that connects buyers and sellers of websites, domains, and apps. It has become a popular platform for entrepreneurs and website owners looking to buy or sell digital assets. If you’re considering selling a website or domain on Flippa, one of the critical factors to understand is the fees involved. In this article, we’ll explore how much Flippa charges sellers and break down the different fees you can expect when using the platform.
1. Listing Fees
When you list your website or domain for sale on Flippa, you’ll encounter a listing fee. The listing fee varies depending on the type of asset you’re selling and the listing type you choose. Flippa offers three listing types: Starter, Growth, and Established.
- Starter Listing: This is the most basic listing option, suitable for smaller websites and domains. The Starter listing fee starts at around $15 and includes a 30-day auction duration.
- Growth Listing: The Growth listing option is designed for mid-sized websites and domains with more potential buyers. The Growth listing fee starts at around $49 and includes a 30-day auction duration.
- Established Listing: The Established listing is for larger and more valuable websites and domains. The Established listing fee starts at around $95 and includes a 30-day auction duration.
In addition to the listing fees, Flippa also offers optional add-ons, such as highlighting your listing or featuring it on the homepage, for an additional cost. These add-ons can help increase the visibility of your listing and attract more potential buyers.
2. Success Fees
The success fee, also known as the final value fee, is a percentage-based fee that Flippa charges when your website or domain is successfully sold. The success fee varies depending on the final selling price of your asset. For example, if your website sells for $1,000, the success fee maybe 10%, resulting in a fee of $100.
The success fee structure on Flippa is as follows:
- 10% success fee on the first $50,000 of the final selling price.
- 7.5% success fee on the portion of the final selling price between $50,000.01 and $100,000.
- 5% success fee on the portion of the final selling price exceeding $100,000.
It’s essential to factor in the success fee when setting your reserve price and determining the minimum price you are willing to accept for your asset.
3. Buy It Now (BIN) Fee
Flippa allows sellers to set a Buy It Now (BIN) price for their listings. The BIN price is the price at which a buyer can purchase the asset immediately without waiting for the auction to end. If a buyer chooses to purchase your asset using the BIN option, you will be charged a BIN fee.
The BIN fee is an additional fee on top of the listing fee and success fee. The BIN fee varies based on the BIN price set by the seller. The higher the BIN price, the higher the BIN fee.
4. Optional Escrow Service Fees
Flippa offers an optional escrow service for added security and peace of mind during the transaction process. If both the buyer and seller agree to use the escrow service, there will be additional fees associated with it.
The escrow fee is typically a percentage of the final selling price and is shared between the buyer and seller. The exact percentage may vary depending on the escrow service provider you choose.
Selling your website or domain on Flippa can be a rewarding experience, but it’s essential to be aware of the fees involved. Flippa charges sellers a listing fee based on the type of listing chosen, a success fee based on the final selling price, and an additional BIN fee if a Buy It Now option is selected. Optional add-ons and escrow services also come with additional costs.
Before listing your asset on Flippa, take the time to research and understand the fees associated with selling on the platform. Factor these fees into your pricing strategy to ensure you are setting a competitive price while still accounting for the costs involved.
