Fees
Giwaza is supported by adding a small fee to the price of each piece sold. This fee is automatically added to the amount of money you will need to raise for your event. The fee schedule is below.
| Portion of Piece’s Price | Fee |
|---|---|
| up to $5,000 | 19% |
| up to $10,000 | 13.5% |
| up to $20,000 | 10.5% |
| up to $50,000 | 9% |
| up to $250,000 | 7.5% |
| $1,000,000 or more | 5% |
Example
If a piece is listed for $85,000, here’s how the fee is calculated:
(0.19 * (5000 - 0)) +
(0.135 * (10000 - 5000)) +
(0.105 * (20000 - 10000)) +
(0.09 * (50000 - 20000)) +
(0.075 * (85000 - 50000))
= $8000 markup
