🔁 Step-by-Step Overview:
1. Customer Places an Order
- The customer selects items and proceeds to checkout.
- They choose a payment method (credit/debit card, Buy Now Pay Later (BNPL), etc.).
2. Payment Gateway Processes the Payment
- The transaction is sent through a payment gateway (e.g., Stripe).
- The gateway checks the validity of the payment method.
- If approved, the money is authorized (held, but not yet deposited).
3. Payment Is Captured
- The funds are captured after order confirmation or shipment.
4. Seller Is Notified
- You receive an order notification.
- The order will typically appear as “Paid” or “Processing” in your dashboard.
5. Funds Are Transferred to Seller
- Funds are transferred to your merchant account or bank after the platform’s holding period.
Commission Rates:
Last Updated: 06/01/2025
Miinoor will charge sellers the following fees:
💵 Commission Rates
- 8% sale price of general items
- 4% sale price of Coins & Money
- 5% sale price of Electronics
Standard Practices
💵 Payment Fees
Miinoor will charge a payment processing fee of 2.9% + $0.30 per transaction, in addition to commission rates.
Standard Practices
📎 Tax Review
There are certain States, within the U.S., that Miinoor will collect sales tax on standard payment and commissions fees. WV, NM, HI.