What are royalties and service fees on Rarible?

  • Updated

Royalty Fees

Royalty fees are a commission that is earned by the original NFT creator for all secondary sales of their work.

By adding a royalty percentage to an NFT or NFT collection, creators participate in the future success of their creations. Every time one of their NFTs is sold on the secondary marketplace, the creator receives their chosen cut of the sales price.

 

Service Fees

Service fees are fees charged on transactions by a marketplace for their services.

Rarible has a regressive fees structure. This means that the transaction fees increase the lower your income (price) is set at.

Our fee structure is as follows:

  • $4,000+: 0.5% per each side (the buyer and the seller)
  • $2,000 - $4,000: 1% per each side
  • $400 - $2,000: 2.5% per each side
  • $100 - $400: 5% per each side
  • $0 - $100: 7.5% per each side

For example, if you purchase an NFT from a collection with a floor price of 0.779 ETH ($1,218) and you purchase the NFT at that price, you'd pay a service fee of 2.5% of that price (~0.019 ETH, or $29).

To eliminate these fees and pay 0% transaction fees on Rarible.com, you can lock your $RARI on the foundation. The only fees that you'll then be obligated to pay for is your blockchain's gas fees and royalties (if the creator has set any). To lock your $RARI go to: https://rari.foundation/lock.

The Rarible-powered Community Marketplaces remain at 0% and the fees for the custom marketplaces created for our partners remain the same as they were agreed upon prior to our updated fees structure.

 

Note: you can also look at these articles to find out more about royalties and fees: How much does it cost to create an NFT?, Transaction fees on RARI Chain, How do I change or setup my community marketplace fee?, What are the fees and/or royalties for aggregated listings? and, What are the fees and/or royalties for items listed on community marketplaces?

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