What's a community marketplace fee?
It's the transaction fee your marketplace charges on transactions from native listings. It's completely up to you how much you want to charge. You can even have no fees whatsoever (set the community fee to 0%) .
The fees are sent to the wallet address you specify for example, it can be the address for your community treasury or your DAO's wallet.
Steps to Setup Custom Fees on your Marketplace:
1. Go on to your dashboard.
2. Click on "General."
3. Under "Marketplace fee & owner", input the percentage (%) you'd like to receive on native listings (your marketplace fee) and the wallet address (usually your wallet address) you'd like the funds to be sent to.
4. If you'd like someone else to also receive royalties from your marketplace, input their respective wallet address/es under "Contributors."
5. Click on "Save" once you're happy with your changes.
6. Sign the approval message in your wallet to ensure the changes are saved.
7. Your marketplace fee will now be updated.
Note: If you would like an in-depth demonstration about how to change or setup your community marketplace fee, watch our Loom video: here.