Are you looking for Gumroad pricing and want to sell on the Gumroad platform? You’ve come to the right place. In this blog post, we’ll walk you through Gumroad’s pricing structure so you can make an informed decision about using their services to sell digital downloads. Gumroad currently charges a 10% platform fee on each sale, in addition to payment processing fees charged by payment processors like PayPal. We’ll also introduce you to a more cost-effective alternative to Gumroad called CheckYa. CheckYa provides similar features and capabilities but at just half the price. By the end of this guide, you’ll have a clear understanding of Gumroad’s pricing model, as well as an alternative option to consider. Let’s get started.
Gumroad’s Pricing Structure:
Gumroad’s pricing model consists of two components – a transaction fee and a payment processing fee. The transaction fee is a percentage taken from the price of each product sold through Gumroad, while the payment processing fee covers the costs associated with online payment processors like Stripe and PayPal.
Gumroad charges a flat 10% transaction fee on the sales price of all products sold. In addition to the transaction fee, there is a payment processing fee, which is approximately 3.49% plus $ 0.49 per transaction in the U.S. It’s important to note that the payment processing fee may vary slightly depending on the specific payment processor used. To learn more about PayPal fees, you can use the calculator here.
Assuming you sell a digital product for $20, the breakdown of fees on Gumroad would be as follows:
Gumroad fee: $2 (10% of $20)
Payment processing fee: Approximately $1.18 (3.49% + $0.49)
Total fees: $3.18
After deducting the fees, you would receive around $16.82 from your $20 sale.
CheckYa: Better Alternative to Gumroad:
While Gumroad offers a user-friendly platform for creators to sell their digital and physical products, there are alternatives that offer cost-effective pricing solutions. One alternative is CheckYa, which stands out for its lower fees and competitive pricing structure. Let’s dive into the details of CheckYa’s pricing and how it can benefit creators like you.
While Gumroad charges creators a 10% transaction fee, CheckYa’s pricing is significantly lower, at only 5% of the sales price of each product sold through their platform. This means that creators using CheckYa can retain 50% more of their earnings compared to Gumroad. Over time, this reduction in fees can have a profound impact on a creator’s earnings and overall profitability.
CheckYa’s lower fees provide a win-win situation for creators. Not only do creators get to enjoy a more cost-effective platform, but they can also reinvest the additional earnings back into their business. Whether investing in marketing efforts, creating new products, or improving existing ones, having a higher percentage of their sales revenue allows creators to grow their businesses and unlock new opportunities.
Additionally, the lower fees offered by CheckYa can be particularly beneficial for creators who are just starting out or have a tighter budget. By reducing their overhead costs, creators can allocate their resources more efficiently and scale their business at a faster rate.
Beyond its cost-effective pricing, CheckYa offers a suite of features designed to empower creators like you. These features go beyond the basics, allowing you to enhance your selling experience, streamline your processes, and scale your business.
Here are some of the powerful features you can access when you choose CheckYa:
- Built-in tips and donations: Accept additional support through built-in tips and donations, giving your supporters another way to contribute to your creations.
- Built-in lead collection: Easily collect leads by offering freebies and expand your customer base directly through your CheckYa profile, simplifying the process of growing and engaging with your audience.
- Custom profile color: Personalize your CheckYa profile by adding your logo and brand colors, helping to establish your unique brand identity and creating a consistent and recognizable experience for your customers.
- Send and receive invoice payments: Easily send and receive invoice payments through CheckYa, making it easier to manage custom projects or services and ensuring you get paid promptly.
- Offer bookings and collect payments: Provide a streamlined booking experience for your services and collect payments directly through your CheckYa profile, saving you time and effort.
- Support for multiple payment methods: Cater to your customers’ preferences by accepting various payment methods, including Apple Pay, Google Pay, PayPal, ACH, and major credit and debit cards, ensuring a convenient checkout experience.
These powerful features, combined with CheckYa’s cost-effective pricing, make it an attractive platform for creators like you who want to maximize their revenue while simplifying and enhancing their selling experience.
In conclusion, CheckYa offers you a cost-effective alternative to other platforms, allowing you to retain more of your earnings and grow your business. With its lower transaction fees and a range of powerful features like built-in tips and donations, lead collection, customizable profiles, and support for various payment methods, CheckYa allows you to take control of your revenue and build a successful creator business. So, it’s high time you give CheckYa a shot.
Remember, choosing the right platform depends on your specific needs and goals as a creator. Evaluate the pricing structure, features, and overall suitability of each platform to determine which one aligns best with your business objectives.
Conclusion
As a creator, it’s important to carefully consider the pricing structure when choosing a platform to sell your digital downloads. In the case of Gumroad, the 10% transaction fee plus payment processor fees may eat into your earnings. To maximize your profits, it’s worth exploring alternatives like CheckYa that offer cost-effective pricing models. While Gumroad provides a user-friendly interface and various features, it’s important to weigh the higher transaction fees against the benefits offered. Take the time to evaluate platforms like CheckYa, which can provide a cost-effective solution to help you grow your business. By analyzing pricing models and exploring the additional features available, you can make an informed decision that maximizes your revenue and sets you up for success as a creator in the digital space.
