Sellerboard For Shopify - Payment Fees Tutorial - Organize Payment Fees From Payment Providers

When you’re running a Shopify store, customers have multiple ways to pay; credit cards, PayPal, Amazon Pay, Afterpay, and more.

Each method comes with its own processing fee, and if you’re not tracking these properly, your profit calculations will be off.

In this guide, we’ll go over how to manage payment fees in Sellerboard for Shopify so your financial tracking reflects reality. 

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Why Payment Fees Need Tracking

Every time a customer completes a purchase, the payment processor charges a fee.

On Shopify, these fees can come from:

1. Shopify Payments (with different rates for automatic vs. manual capture).

2. Third-party providers like PayPal, Afterpay, Stripe, or Amazon Pay.

3. Marketplace integrations like eBay, Etsy, Walmart, or Instagram Shop.

While Shopify has its own set of predefined fees, Sellerboard lets you fine-tune these numbers.

This way, they match exactly what your agreements specify with each provider.

Some sellers also use a couple of supporting tools to streamline this part of their workflow.

Learn more here: Top 2 Best Tools & Software Apps For Shopify Sellers

How the Payment Fees Dashboard Works

Inside Sellerboard for Shopify, go to Payment fees in the left-hand menu.

Here, you’ll see a table with:

1. Gateway name – The payment provider or method (e.g., PayPal, Amazon orders, Stripe).

2. Shopify fee – The percentage Shopify takes for using that gateway.

3. Gateway fee – The percentage charged by the payment processor itself.

4. Gateway fixed fee – Any fixed per-transaction charge (e.g., $0.30 per PayPal payment).

Sellerboard preloads these with standard rates, but you can click and edit each value to match your actual fees.

This is especially important if you’ve negotiated special rates with a provider or if rates have changed.

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Why This Matters for Profitability

If you leave payment fees at default settings; or worse, don’t track them at all; your Sellerboard reports will show inflated profits.

Even small differences matter:

1. A 1% fee difference on $50,000 in monthly sales is $500 in missing expenses.

2. If you process many small transactions, fixed fees (like $0.30 each) can add up quickly.

Accurate payment fee tracking ensures you:

1. See true net margins.

2. Compare provider costs to decide which payment methods to promote.

3. Spot overcharges from payment processors.

You might also find it helpful to review how shipping costs fit into the same overall cost structure: Setting Up And Managing Shipping Costs In Sellerboard For Shopify - Tutorial

Final Thoughts

Payment fees are an unavoidable part of selling online, but they don’t have to be a hidden cost.

By setting them up correctly in Sellerboard for Shopify, you’ll know exactly how much each sale costs you in processing, and make better decisions for your store.

-: Learn How To Use Sellerboard For Shopify :-

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