In order to further expand our Marketplace, and offer additional listing options to creatives, we are announcing several updates to our Marketplace. These changes are not live yet, but will be available in the next few days.
1. “For Sale” page for creative owned domains
You will be able to add any domains you own with a “For Sale” listing on our platform. These domains will not require any approval from Squadhelp, and you can set your own price.
If the name sells, Squadhelp will charge a standard commission at 15% of the selling price, or $300 (whichever is greater). There will not be any additional 10% withdrawal fees.
Learn more about the Basic & Premium Listings here:
You can request to upgrade your Basic listing to a Premium listing at any time. If your premium listing is approved, it will be featured in our Domain Marketplace once you approve the commission rate (there is no change in this process).
In the near future, the Basic listing will replace My Owned Domains.
2. We are eliminating 10% Withdrawal Fees for Marketplace Sales
In order to simplify our pricing and commission structure, we will no longer charge a 10% withdrawal fee on Marketplace sales. If you already have names approved in the Marketplace, your commission rates will now display the net commission rates that you receive after taking into account the 10% withdrawal fee. For example, if you have a name that is currently approved for 30% commission rate, your dashboard will now show 27% commission for that name. In other words, there is no change in the ACTUAL proceeds you will receive - we are simply showing your net commission upfront in order to make our commission structure more transparent and comparable with other marketplaces. This change applies to both Creative Owned as well as SH registered domains.
There is no change in the 10% withdrawal fees for Contest Awards. You will be able to see your account balance for contest awards as well as marketplace sales separately in your account page.
These changes are expected to be visible in your account within the next few days. We are excited about these changes because we believe these would position us to offer even more opportunities for our buyers to discover great names, and allow our creatives even a greater number of monetization options.