MyQM Mall Seller Transaction Fees
MyQM Mall Transaction Fee rate effective 1st March 2024
Transaction Fees are charged to cover the payment gateway fees that apply to all online transactions by the payment gateway upon any and all successful orders by Buyers.
How is Transaction Fee calculated?
Transaction Fee is calculated at 2.16% (inclusive of tax) of the final amount paid by Buyer before any MyQM Mall platfrom discounts, rounded up to 2 decimal points.
Transaction Fee
= (Item price (before any MyQM Mall platform discounts) – Seller Discounts – Seller Vouchers + Shipping Fees paid by Buyer including SST) * 2.16%
The transaction fee charged will be deducted directly from the sellers’ payout when the order is completed.
