How Secure Payments implemented by Spantik
Spantik uses PayPal as secure payment platform. As a matter of security of both buyers and sellers, Spantik does not hold any credit card information into its systems. All payments processing is done on PayPal secure payments portal, and once the transaction is complete, Spantik informs both seller and buyer about transaction status to proceed with completion of order.
Item Insertion Fee
Spantik offers 100% free insertion of unlimited items for sale on Spantik Marketplace. There are no fees charged irrespective of how many items you are selling, either having a vendor store or without having a vendor store
Final Value Fee
When a product is successfully sold and payment is received from the buyer through PayPal account, PayPal commission is automatically deducted from the payment to Spantik. Spantik charge 5% commission of the sale price as Final Value fee. Vendor is paid after the item has been received by buyer. As soon Spantik get confirmation of item delivery, the vendor is paid to his nominated PayPal account.
Spantik uses PayPal as secure payment platform. Every vendor (seller) has verified PayPal account. All transaction is fully secure by PayPal.