1. Introduction

Fanmeka’s mission is to unite sports collectors around the world!

One of the most important aspects of serving our community of sports collectors, is to ensure absolute transparency with respect to costs and charges. Buyers have a right to understand the full detail of what they are being charged. Equally, sellers need to understand exactly what the net proceeds of a sale they are receiving.

The purpose of this Costs & Charges Schedule is to promote absolute clarity for all Fanmeka users.

If you have any question or concerns with respect to costs and charges applied by Fanmeka, please feel free to reach out to us at usersupport@fanmeka.com and we will be happy to help!
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2. Charge Types (Buyers)

There are three types of charges levied by Fanmeka on buyers, the Purchase Price, Shipping and a Processing Fee. The table below explains each of these charges in detail.
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3. Charge Types (Sellers)

There are just one types of charge levied by Fanmeka on sellers, Commission. The table below explains this charge in detail.

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4. Sample Transactions

4.1 UK Seller | UK Buyer | UK VAT Rate = 20%

Note: All calculations are subject to rounding to the nearest cent / penny.

1. The ‘Purchase Price’ is inclusive of VAT, which is charged at the rate applicable in the jurisdiction in which the buyer resides. In this case, VAT of £16.67 is included in the gross ‘Purchase Price’ of £100.00 and VAT of £1.67 is included in the gross ‘Shipping’ of £10.00.
2. Fanmeka’s ‘Processing Fee’ of 3% is charged to the buyer and covers costs associated with payment processing, taxation and administrative processes. In this case, the ‘Processing Fee’ is calculated as £3.30, being 3% of the gross ‘Purchase Price’ plus gross ‘Shipping’.
3. Fanmeka commission is charged to the seller at 7% on the net ‘Purchase Price’, i.e. the ‘Purchase Price’ minus VAT.  In this case, this is 7% of £83.33, which is £5.83.
4. Where the seller is a sole trader, Fanmeka collects the applicable VAT charge(s), and pays these to the tax authorities in the jurisdiction in which the buyer resides. In this case, VAT of £18.34 is collected by Fanmeka and paid by Fanmeka to the UK tax authority, HM Revenue & Customs.
5. Where the seller is a company, and therefore VAT registered, Fanmeka collects the applicable VAT charge(s), and pays these to the seller for onward transmission to the tax authorities in the jurisdiction in which the buyer resides. In this case, VAT of £18.34 is collected by Fanmeka and paid by Fanmeka to the seller for onward transmission to the UK tax authority, HM Revenue & Customs.

4.2 UK Seller | German Buyer | German VAT Rate = 19%

Charge TypeGross (£)VAT (£)Net (£)Footnote(s)Purchase Price100.0015.9784.031Shipping10.001.608.401Processing Fee (3%)3.303.302Total Buyer Charge113.3017.5795.73DeductionsFanmeka Commission-5.883Seller ProceedsSeller (Sole Trader / Individual)86.554Seller (Company / Corporate)104.125

Note: All calculations are subject to rounding to the nearest cent / penny.

1. The ‘Purchase Price’ is inclusive of VAT, which is charged at the rate applicable in the jurisdiction in which the buyer resides. In this case, VAT of £15.97 is included in the gross ‘Purchase Price’ of £100.00 and VAT of £1.60 is included in the gross ‘Shipping’ of £10.00.
2. Fanmeka’s ‘Processing Fee’ of 3% is charged to the buyer and covers costs associated with payment processing, taxation and administrative processes. In this case, the ‘Processing Fee’ is calculated as £3.30, being 3% of the gross ‘Purchase Price’ plus ‘Shipping’.
3. Fanmeka commission is charged to the seller at 7% on the net ‘Purchase Price’, i.e. the ‘Purchase Price’ minus VAT.  In this case, this is 7% of £84.03, which is £5.88.
4. Where the seller is a sole trader, Fanmeka collects the applicable VAT charge(s), and pays these to the tax authorities in the jurisdiction in which the buyer resides. In this case, the Euro equivalent of £17.57 of VAT  is collected by Fanmeka and paid by Fanmeka to the German tax authority, Bundesmiministerium Der Finanzen.
5. Where the seller is a company, and therefore VAT registered, Fanmeka collects the applicable VAT charge(s), and pays these to the seller for onward transmission to the tax authorities in the jurisdiction in which the buyer resides. In this case, VAT of £17.57 is collected by Fanmeka and paid by Fanmeka to the seller for onward transmission (Euro equivalent) to the German tax authority, Bundesmiministerium Der Finanzen.

4.3 Irish Seller | French Buyer | French VAT Rate = 20%

Note: All calculations are subject to rounding to the nearest cent / penny.

1. The ‘Purchase Price’ is inclusive of VAT, which is charged at the rate applicable in the jurisdiction in which the buyer resides. In this case, VAT of €16.67 is included in the gross ‘Purchase Price’ of €100.00 and VAT of €1.67 is included in the gross ‘Shipping’ of €10.00.
2. Fanmeka’s ‘Processing Fee’ of 3% is charged to the buyer and covers costs associated with payment processing, taxation and administrative processes. In this case, the ‘Processing Fee’ is calculated as €3.30, being 3% of the gross ‘Purchase Price’ plus gross ‘Shipping’.
3. Fanmeka commission is charged to the seller at 7% on the net ‘Purchase Price’, i.e. the ‘Purchase Price’ minus VAT.  In this case, this is 7% of €83.33, which is €5.83.
4. Where the seller is a sole trader, Fanmeka collects the applicable VAT charge(s), and pays these to the tax authorities in the jurisdiction in which the buyer resides. In this case, VAT of €18.34 is collected by Fanmeka and paid by Fanmeka to the French tax authority, Ministère des Finances et des Comptes publics.
5. Where the seller is a company, and therefore VAT registered, Fanmeka collects the applicable VAT charge(s), and pays these to the seller for onward transmission to the tax authorities in the jurisdiction in which the buyer resides. In this case, VAT of £18.34 is collected by Fanmeka and paid by Fanmeka to the seller for onward transmission to the French tax authority, Ministère des Finances et des Comptes publics.

4.4 Italian Seller | Spanish Buyer | Spanish VAT Rate = 21%

Note: All calculations are subject to rounding to the nearest cent / penny.

1. The ‘Purchase Price’ is inclusive of VAT, which is charged at the rate applicable in the jurisdiction in which the buyer resides. In this case, VAT of €17.36 is included in the gross ‘Purchase Price’ of €100.00 and VAT of €1.74 is included in the gross ‘Shipping’ of €10.00.
2. Fanmeka’s ‘Processing Fee’ of 3% is charged to the buyer and covers costs associated with payment processing, taxation and administrative processes. In this case, the ‘Processing Fee’ is calculated as €3.30, being 3% of the gross ‘Purchase Price’ plus gross ‘Shipping’.
3. Fanmeka commission is charged to the seller at 7% on the net ‘Purchase Price’, i.e. the ‘Purchase Price’ minus VAT.  In this case, this is 7% of €82.64, which is €5.79.
4. Where the seller is a sole trader, Fanmeka collects the applicable VAT charge(s), and pays these to the tax authorities in the jurisdiction in which the buyer resides. In this case, VAT of €19.09 is collected by Fanmeka and paid by Fanmeka to the Spanish tax authority, Agencia Estatal de Administración Tributaria.
5. Where the seller is a company, and therefore VAT registered, Fanmeka collects the applicable VAT charge(s), and pays these to the seller for onward transmission to the tax authorities in the jurisdiction in which the buyer resides. In this case, VAT of £18.34 is collected by Fanmeka and paid by Fanmeka to the seller for onward transmission to the Spanish tax authority, Agencia Estatal de Administración Tributaria.

4.5 Dutch Seller | UK Buyer | UK VAT Rate = 20%

Note: All calculations are subject to rounding to the nearest cent / penny.

1. The ‘Purchase Price’ is inclusive of VAT, which is charged at the rate applicable in the jurisdiction in which the buyer resides. In this case, VAT of €16.67 is included in the gross ‘Purchase Price’ of €100.00 and VAT of €1.67 is included in the gross ‘Shipping’ of €10.00.
2. Fanmeka’s ‘Processing Fee’ of 3% is charged to the buyer and covers costs associated with payment processing, taxation and administrative processes. In this case, the ‘Processing Fee’ is calculated as €3.30, being 3% of the gross ‘Purchase Price’ plus gross ‘Shipping’.
3. Fanmeka commission is charged to the seller at 7% on the net ‘Purchase Price’, i.e. the ‘Purchase Price’ minus VAT.  In this case, this is 7% of €83.33, which is €5.83.
4. Where the seller is a sole trader, Fanmeka collects the applicable VAT charge(s), and pays these to the tax authorities in the jurisdiction in which the buyer resides. In this case, the GB£ equivalent of €18.34 of VAT  is collected by Fanmeka and paid by Fanmeka to the UK tax authority, HM Revenue & Customs.
5. Where the seller is a company, and therefore VAT registered, Fanmeka collects the applicable VAT charge(s), and pays these to the seller for onward transmission to the tax authorities in the jurisdiction in which the buyer resides. In this case, VAT of €18.34 is collected by Fanmeka and paid by Fanmeka to the seller for onward transmission (GB£ equivalent) to the UK tax authority, HM Revenue & Customs.