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OLX Pay Fees: discover the fees charged to the payment account for those who sell on OLX.
OLX is considered the largest buying and selling website in Brazil. On the online platform, we can sell, buy and let go of things very easily.
It offers many advantages for those who are going to buy it, as it is possible to find great products at a more affordable price.
For those who are going to let go and sell, it is easier to find customers on the website.
Additionally, OLX has made a payment account available for those who sell on the platform.
With it, the seller can get more customers, since he can offer payment in installments to customers, however, he receives the same amount.
Read the text until the end and learn more details about this tool: how it works, fees charged, advantages and much more!
How does OLX Pay work?
OLX Pay is the online payment solution for those who sell on the website. With this tool, sellers carry out a single registration per CPF linked to the user's account on OLX.
Then, they begin to enjoy many benefits, including greater security for their financial transactions and when receiving payments.
Other than that, you can register your ad on OLX Pay, which will bring more visibility to your product and thus, have more conversion.
Customers of the payment solution also have the possibility of sending to all of Brazil via Correios, another factor that will help increase sales.
It is still possible to monitor the status of the sale through the platform and obtain support from the company if you have problems with the buyer.
However, there are some fees for the intermediation service, among other services. Find out more below!
OLX Pay Fees: Find out the main charges
There is no annual fee charged by OLX Pay, but there is a maintenance fee that costs R$$15.00, however, it is only charged when the account is not used for more than 6 months or if it runs out of balance.
With the payment wallet, you can offer the Buy with Secure Purchase service, in which the customer can choose the delivery, but with a shipping charge.
For those who sell, a fee of 10% is charged, applied to the value of the advertised product.
This fee is charged on all sales, which guarantees the seller access to the intermediation service and the payment process.
Transfers to bank accounts are free, but they must be from R$1.00.
With the OLX Pay card you can make withdrawals at Banco 24 Horas ATMs for a fee of R$5.90 per withdrawal.
This charge is made by the 24-hour ATM administrator. The fee is deducted at the time of withdrawal, therefore, in addition to the withdrawal amount, the customer must also have the fee amount available in their balance.
THE OLX Pay fees It refers to few services, certainly, we find many advantages in the online payment account.
What are the advantages of the OLX Pay online payment account?
This payment account offers many advantages to its customers. First of all, we highlight the increase in sales, which can happen for different reasons.
You will be able to offer installment payments to your customers, which will actually increase your sales.
In fact, you will receive the money from the installment bills in cash, which is a great advantage.
Another reason for the increase in sales is that it can offer shipping throughout Brazil via Correios, but shipping costs are the buyer's responsibility.
Finally, another reason why your sales increase is due to the advertising you can do with OLX Pay.
With it, your products will have a greater reach, as they will be displayed to more people. This way, you will make more sales, since more people will see your items.
Still talking about the advantages that OLX Pay offers, we cannot fail to highlight that it is free.
Although there is a maintenance fee, it is only charged for accounts with no activity.
Anyway, let's talk about OLX Pay fees, of which there are few. The main tariff is 10% on each sale.
In a low-value sale, it will be insignificant, but in a high-value sale, it could weigh a bit on your pocket.
However, you can put part of the value of this fee on the product, but always be careful not to make your product more expensive.
One of the main advantages that people find in buying from second-hand websites like this one is the low price.
Therefore, always maintain attractive prices that are fair for you and the buyer.
Is it worth applying for OLX Pay?
If you make a lot of sales on the platform and already have a structured business there, the payment account can help you and bring many benefits.
If you don't make many sales, but want to grow on OLX, OLX Pay can also help you in this regard.
Knowing the rates, fees and benefits it offers makes it easier to decide whether or not it is worth it.
Therefore, evaluate each factor and decide.
How to activate?
Do you already advertise and sell on OLX, but have not yet activated OLX Pay? Do the following:
- Access the website and click continue 4 times;
- Activate the OLX wallet;
- Fill in the fields with your CPF and 4-digit OLX password.
It is important to remember and save your password in a safe place - you will be asked for it every time you make a financial transaction.
To complete the activation of your payment account, read and accept the terms and conditions.
If you don't already advertise on this platform, access the website, create your profile and click advertise.
Currently, in Brazil alone, the platform has 50 million users: millions of people interested in selling, buying and letting go.
Do you have a product stuck at home and can't sell it at all?
How about advertising on OLX? You don't pay anything to advertise. There is a monthly limit for free ads on the site.
However, if you wish to exceed this limit, the company offers tailor-made plans.
Conclusion
Today you discovered that the OLX Pay fees It is not abusive and the payment account can bring many advantages to those who sell on the platform.
So, be sure to try this tool to enjoy the benefits and see if it’s worth it!
Read also: What to buy to resell and make a profit?
