Fees & Payments Policy
Sellers may be charged for using some of Cura Market's services. This Fees & Payments Policy explains your fees and taxes and how to pay them.
Cura Market is having a promotion, until the end of November 2020, where there will be no listing fee's! Listing fee's will start back up on December 1, 2020.
This policy is a part of our Terms of Use. By opening an Cura Market shop, you’re agreeing to this policy and our Terms of Use.
1. Types of Fees
Sellers may be required to pay the following types of fees. Please note that all fees are listed exclusive of any value-added tax (VAT) that may apply. See the Taxes section below for further details.
Listing Fees
You will be charged a listing fee of $0.20 USD for each item that you list for sale on Gocura.co or Cura Market's mobile apps. For items already listed on your Cura Market shop. You will only be charged a listing fee for creating or renewing a listing on Cura Market; there is no fee for editing a listing. You will be charged a listing fee whether or not the listed item sells, unless you create a private listing, in which case you will only be charged the listing fee when the private listing is sold. Gocura.co listings expire after four months. If you list multiple quantities of the same item, the initial listing fee will be $0.20, and the listing will be automatically renewed at $0.20 after each of the items sells. Listing fees are reflected in your payment account and deducted at the time the listing is published or renewed. It's important to note that listing fees are non-refundable.
Auto-renew. Cura Market's automatic renewals feature will automatically renew your listings at the end of the four-month listing period, unless you choose to not use automatic renewals for a particular listing or for your shop. You will be charged the listing fee of $0.20 for each of these listings until you cancel automatic renewals. You can see automatic listing status in your Listings Manager, and may cancel automatic renewals at any time by selecting “Manual” instead of “Automatic” in the “Renewal Options” in the Listings Manager. Once you cancel, you will only be charged for the current listing period.
Transaction Fees
When you make a sale through Gocura.co, you will be charged a transaction fee of 5% of the price you display for each listing plus the amount you charge for shipping and gift wrapping. If you are an Cura Market Payments user and you list your items in a currency other than your payment account currency, see the Currency Conversion section below for more details on the transaction fee. If you sell from the US or Canada, the transaction fee will not apply to sales tax, Goods and Services Tax ("GST"), or Harmonized Sales Tax ("HST"), unless you have included those charges in your listing price. If you sell from anywhere other than the US and Canada, the transaction fee will apply to the listing price (which should include any applicable taxes), shipping price, and gift wrapping fee. If you offer optional personalization for an additional fee, the additional fee for personalization is added to the listing price you display and the total display price is subject to the same transaction fees described in this Section. See the Taxes section below for more information about whether you are required to include applicable taxes in your listing prices. Transaction fees are deducted from your current balance as each sale occurs, and are reflected in your payment account.
Payment Processing Fees
Online Sales. Eligible Cura Market shops may use Cura Market Payments to accept certain payments through Cura Market (learn more about Cura Market Payments below). Cura Market charges a payment processing fee for each transaction through Cura Market Payments. Payment processing fees vary based on the location of your bank account. In certain markets, Cura Market may also charge a fixed deposit fee for disbursing seller funds that are under certain designated thresholds. The payment processing fee is assessed on the total amount of the sale, including tax and shipping. Payment processing fees are deducted from the sale amount in your payment account. Deposit fees are deducted from your Available Funds and reflected in your payment account at the time of your scheduled deposit.
2. Fee Avoidance
Any action by a seller to avoid paying a fee is considered fee avoidance and is strictly prohibited by Cura Market. This includes, for example, encouraging buyers to purchase an item in your Cura Market shop through another venue. A transaction initiated on Cura Market may not be completed off of Cura Market. The price stated in each listing description must be an accurate representation of the sale. Sellers may not alter the item's price after a sale for the purpose of avoiding Cura Market transaction fees, misrepresent the item’s location, or use another user's account without permission.
3. Paying your Cura Market Fees
Cura Market will automatically deduct all fees owed from your payment account. Provided you have sufficient funds in your payment account no further payment action is required. If your payment account does not contain sufficient funds you are responsible for paying any fees owed in full within 15 days of the date of your monthly statement, or the account will be considered past due, and Cura Market may charge your card on file or take other actions to collect funds as laid out in the Recoupment section of Cura Market's Payments Policy. If you make a sale while you have an outstanding balance the net sale amount will be applied to your outstanding balance. You may pay your outstanding balance manually by credit card, debit card, or PayPal. US sellers may also enroll in AutoBilling, Cura Market's automatic outstanding fee payment option.
Your statement is available in your payment account at the beginning of each month, and will detail all sales and fees activity from the preceding month. You can learn more about paying your outstanding balance in this Help article.
Cura Market may suspend your selling privileges at any time pending payment of your outstanding balance.
AutoBilling (US Sellers Only)
By enrolling in Cura Market's automatic payment plan ("AutoBilling"), any outstanding fees not covered by the funds in your payment account will be charged to the credit card you have on file on the first of the month or when your current balance is greater than or equal to your fee threshold. To use the plan, you agree to the following terms.
A. You authorize Cura Market to keep your payment card information on file and to charge the card on file on the first day of each calendar month for the previous month’s outstanding charges and at any time the balance of fees reaches the designated fee threshold for your account. Upon enrollment, Cura Market will charge your current balance to the card on file.
B. When your card account is debited, Cura Market will send you an email with the amount charged. You can also review this information by accessing your account on Cura Market.
C. If your card account on file with us is closed, the account number is changed, or a charge is rejected by your card issuer, you must update your card information or add a new card number in your Cura Market account. If your charge is refused by the issuer for any reason, your Cura Market account may be suspended or terminated, and you are still required to pay your outstanding balance by some other means. Your authorization applies to any successor or replacement card you or your card issuer provides.
D. You may cancel AutoBilling and change to manual payment by updating your payment settings in your Cura Market account. Cura Market requires a reasonable period of time to act after we receive your notice. This means that an additional automatic payment may be made to your card account while we are processing your request.
E. Suspended or terminated members remain obligated to pay Cura Market for all unpaid fees.
4. Cura Market Payments
Cura Market Payments enables sellers to accept various forms of payment in their local currencies while using Cura Market's services. Sellers registered for Cura Market Payments can accept payment by credit card, debit card, Cura Market Gift Card and Cura Market Credit, PayPal, some bank transfer services, Apple Pay, and Google Pay.
5. Taxes
Aside from the limited circumstances set out below, you are responsible for collecting and paying any taxes associated with using and making sales through Cura Market's services. Cura Market will issue 1099-K forms to certain sellers to comply with IRS and state requirements. You may opt in at any time to receive your 1099-K form electronically.
A. Listing your items on Cura Market
If you sell physical goods on Cura Market and reside in the US or Canada, you may utilize our sales tax tool to calculate the tax owed on each sale. US sellers can learn more about collecting sales tax in this Help article.
If you sell on Cura Market and reside outside of the US or Canada, you need to include applicable taxes in your listing prices. You can learn more about this requirement to display tax-inclusive pricing in this Help article. Please note that while some countries may refer to VAT using other terms, e.g. GST, we'll just refer to VAT, GST, and any local sales taxes collectively as "VAT" unless the context requires otherwise.
Where Cura Market is required to collect sales tax/VAT on your behalf, Cura Market will use the category you assigned to each listing to calculate, collect, and remit the applicable taxes. You are solely responsible for ensuring that all of your listings are properly categorized, and you agree to indemnify Cura Market for any losses it incurs in connection with any miscategorization of your listings by you.
Please remember that Cura Market's fees do not include any withholding taxes that might apply in your home country. You are required to pay Cura Market the full amount of our fees and may not deduct any applicable withholding taxes from that amount.
Please also note that some countries require Cura Market to apply VAT on the fees that you may be charged in accordance with this policy, and that the fees listed in this policy are exclusive of VAT. See this Help article for more information on VAT.
B. Taxes on Seller Services
VAT on Seller Fees
Depending on your business status and location, Cura Market may be required to apply VAT on seller fees charged each month and remit it to the relevant tax authority. VAT is collected on all Cura Market fees for sellers located in countries where VAT should be applied. To learn more about how VAT works on Cura Market, see this Help article.
C. Taxes We Collect and Remit from Buyers on Behalf of the Seller
United States Sales Tax
In some states, Cura Market will collect the sales tax amount from the buyer and pay this to the relevant tax authority. If the sale was made through Cura Market Payments, the sales tax amount will appear in your payment account and is deducted from your current balance.
For items shipped to certain states, including but not limited to Washington state (or, for digital items, those purchased with a Washington state billing address), Cura Market will use the category you assigned to each listing to calculate, collect, and remit the applicable sales tax. For a full list of these states, please see here. Note that in those states where Cura Market is required to collect on sales into the state made by nonresident sellers, Cura Market will also be collecting on those sales made by resident sellers. As an example, Cura Market will be collecting on all (taxable) purchases made in Minnesota, including those purchases made by Minnesota buyers from Minnesota sellers.
Digital VAT Fees
Under local laws in certain countries, Cura Market is required to collect and remit VAT to the relevant tax authorities when you sell a digital item delivered via automatic download to the buyer. See this Help article for further details. Cura Market will automatically display the increased amount charged to the buyer of the digital item to collect the correct amount of VAT, and we will remit to the tax authorities. If the sales were made through Cura Market Payments, Cura Market will collect the VAT amount from the buyer and pay the VAT to the relevant tax authority, and you will not have to take any further action. If the sale was not made through Cura Market Payments, you will receive the additional amount paid by the buyer for the VAT, and you will need to pay this amount to Cura Market. The VAT amount paid by the buyer will appear on your payment account and will be deducted from your current balance.