There is exactly one charge on slotsbid. It is a percentage of a sale that already happened, and it is deducted at settlement rather than invoiced.
The whole price list
| When | What slotsbid charges |
|---|---|
| Creating an account | $0 |
| Listing a slot | $0 |
| A slot that does not sell | $0 |
| A slot that sells | 10% of the winning bid |
| Monthly / subscription | $0 |
A worked example
Winning bid $640 slotsbid fee (10%) −$64 --------------------------------- Paid to the creator $576
The creator keeps 90%. The fee is rounded down to the whole dollar, always in the creator's favour, and the two halves always re-add to the gross.
What the 10% covers
- Card processing on the sponsor's payment.
- Merchant-of-record checkout, so the sale is on slotsbid's paperwork, not the creator's.
- Sales-tax and VAT collection and remittance.
- Deposit handling and refunds for every losing bidder.
What a sponsor pays
Sponsors pay their bid, and nothing on top of it. The 10% comes out of the creator's side. Before bidding, each sponsor puts a refundable $25 deposit on file for that auction:
- Lose the auction — the deposit is refunded in full.
- Win the auction — the deposit is credited against the winning bid.
- The slot goes unsold — every deposit is refunded and the slot can be relisted.
Payouts
The creator's 90% is paid out after the slot runs. The fee rate is frozen onto the payout record at the moment it is written, so a later platform-wide rate change never retroactively alters a settled deal.