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by neerkumar 3108 days ago
I don't get this. Eventually, it is just taking a cut from a transaction. What does even mean the seller is paying for it or the buyer?

Let's say the final price is 100$ and cut is 10%, so seller gets 90$ and buyer pays 100$. You could say the buyer is paying for it since the seller was willing to sell for 90$ and the buyer had to add 10$ to get the item. Or you could say the seller pays for it, since the buyer was willing to buy for 100$ and the seller has to give up on 10$ out of those 100$.

I really don't see the difference. It seems just marketing in terms of how you phrase it. I even saw companies saying things like: seller is paying 5% and buyer 5%, which seems just a way to make it look lower for both sides.

2 comments

The difference is when the cut increases, but the overall price does not. Buyer still pays $100, but seller only get $80
What the gp is saying is that before, the buyer would pay $100 and the seller would get $97. So in effect, the seller has borne the extra fees