Fees & Pricing

We believe in complete transparency. Here is a breakdown of every fee on LetItRip — no hidden charges.

Fee Schedule

Fee Type	Rate	Paid By	Notes
Platform Commission	5%	Seller	Charged on the item sale price
Payment Gateway Fee	2.36%	Seller	Razorpay processing fee (incl. 18% GST)
GST on Commission	18% of 5%	Seller	Goods & Services Tax on LetItRip's commission
Buyer Fee	0%	Buyer	Buyers pay no platform fee
Offer Fee	Free	Buyer	No fee charged for making or receiving offers
Shipping	Varies	Buyer	Set by seller; displayed at checkout

All percentages are calculated on the final transaction amount including any offers or auction winning bids.

Seller Payout Example

Here's how a ₹1,000 sale breaks down for the seller.

Item sold for ₹1,000

Gross sale price

₹1,000

Platform Commission (5%)

− ₹50

Payment Gateway Fee (2.36%)

− ₹23.60

GST on Commission on platform fee (18%)

− ₹9

Seller receives

= ₹917.40

Disclaimer

Fees are subject to change. Current rates will always be displayed here and at checkout before you confirm payment. LetItRip reserves the right to offer promotional fee reductions to eligible sellers at any time.