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1. Commissions
1.1 There are no listing fees, no commission fees and no hidden costs to sell on bibiz.
2. Settlement
2.1 Transaction fee is calculated as 3.24%(after SST) of the final order amount paid by the buyer (inclusive of shipping fee), rounded up to 2 decimal places.
2.2 Bibiz will deduct the transaction fee automatically from the sellers' payout when an order is completed.
3. Calculation of settlement amount
| Fee | Before 8% SST | After 8% SST | Applicable for |
| Credit & Debit Cards (Domestic) | 3% + RM1 | 3.24% + RM1 | All Seller |
| Credit & Debit Cards (International) | 4% + RM1 | 4.32% + RM1 | All Seller |
| Credit & Debit Cards (If Currency conversion require) | 5% + RM1 | 5.4% + RM1 | All Seller |
| Local FPX | 3% + RM1 | 3.24% + RM1 | All Seller |
4. How will be charged?
Transaction Fees Apply= 3.24% + RM1
Buyer Paid Amount = (Order Price) - (Voucher/Discount) + (Shipping Fees)
Transaction Fees Apply x Buyer Paid Amount
Example:
Total order = RM100.00
Voucher/discount = RM5.00 (if applicable)
Shipping Fees = RM10.00
--------------------------------------------------
(RM100.00) - (RM5.00) + (RM10.00) = RM105.00
Transaction fees = (3.24% X RM105.00) + RM1 = RM4.40
Order Income = RM105.00 - RM4.40 = RM100.60
PS: The Transaction fees RM1 might not direct reflec in the buyer dashboard, however, bibiz will issues and email a total charge to you.
Effective: 01 March 2024
