Notes for Sellers

Selling on ChipSwap

SELLING FEES & PAYMENT PROCESSING

ChipSwap charges the lowest selling fees on the market. It’s completely free to list your items for sale, and you only pay the below percentages if your item sells. 

5% + Stripe Fees (2.9% + $.30)

We carefully evaluated multiple payment providers, focusing on security and ease of use. Stripe was selected as the sole payment method for buyers and sellers to ensure a safe, streamlined transactional process for both parties. When configuring your seller profile on ChipSwap, you will need to connect your standard Stripe account to ensure you get paid. Once a buyer purchases one of your parts, you will immediately receive payment via Stripe.

If you don’t have a Stripe account, you will be asked to create one. Stripe will ask to verify some personal information during the signup process to ensure every seller is legitimate. None of the data you provide to Stripe can be seen by us and is not stored on our servers. Once Stripe verifies your account, you’re ready to go! Please keep in mind that ChipSwap doesn’t store any payment or credit card info, either — all transactions are processed by Stripe. Here’s a link to Stripe’s Privacy Policy: Privacy Policy – United States | Stripe

DISPUTES

A refund functionality does exist in case disputes arise. We ask that you try your best to work out any disagreements with the buyer directly before escalating to us. If necessary, we will step in to help. A site feedback system exists to help encourage proper buying and selling practices. If a buyer or seller appears to be abusing the site or taking advantage of other ChipSwap members in any way, they may be removed from the platform, at our discretion and without warning.

SALES TAX

ChipSwap automatically calculates and charges sales tax to the buyer as a convenience to you, and all sales taxes are remitted to you as part of your payout. Therefore, it’s important to ensure you have your address up-to-date in your selling profile. As an individual seller, you are responsible for remitting any due sales taxes to the state from which you sold your product. 
 

SERVICE AREA

ChipSwap is currently limited to the United States only
, so if you aren’t located in the US, you cannot currently buy or sell on the platform. We will be expanding to other countries soon – stay tuned!