Earn More with Custom Fees
Since the launch of Refinable Storefronts, we are constantly improving our product and upgrading features for our storefront users. With this new integration of custom fees, creators can now earn commission on successful sales and set their royalty fee structure with ease.
Currently, the maximum amount for custom fees is 10%. However, fees are only charged to buyers and not sellers. On top of that, by using Refinable Storefronts, the platform has no extra charge so you can keep what you earn! If you haven’t set any custom fees, the default percentage is set at zero.
Step 1: Access Your Storefront
The first step starts with accessing your storefront. Connect with the same wallet that you used to create your storefront. After, click the profile icon on the top-right corner to access the list of options.
Click on “Edit Store” and it will take you to the Admin Panel.
Step 2: Search For Your Admin Panel
Now that you have logged into your storefront account and clicked “edit store”, you are in the Admin Panel.
On the left-hand menu bar, you will see the option “Custom Fees”. Click on “Custom Fees” and it will take you to the dashboard for “Custom Fees”.
Step 3: Setting the Custom Fees
This is the last step! All you have to fill out are two sections: buyer fee and payout address.
The buyer fee is the fee that will be paid out by the buyer to the storefront owner. The seller is not charged any fees and Refinable does not take any fees from it as well. Please note that the maximum buyer fee is 10% and up to one decimal point (for example 2.5%).
The payout address is the wallet address that will receive the buyer fee every time there is a successful transaction in your storefront. Currently, we only support one wallet address.
Click “Save”, after you have filled in the buyer fee and payout address and it will give you a notification that your store has been updated. Congratulations! You have now completed setting up custom fees for your storefront.
Remember, you can come back at any time to change the buyer fee percentage and the payout address!
Start Earning Now!
Custom fees are available for ALL Refinable users, which means you don’t have to hold any $FINE to set your royalties! If you are interested in increasing your custom fee limit, please contact us and we can work on finding the best solution for you.
In case you forget, here’s a cheat sheet for setting up custom fees:
We appreciate your love and support through consistent engagement, and we will continue to give back to our community. Stay tuned for more exciting updates and don’t forget to tag us when showcasing your Refinable Storefronts on social media. We periodically feature cool marketplaces on our main channel!
Why Should You Create a NFT Collection
Have some NFTs that you want to categorize? Working on a new NFT project with tons of editions? Need a multi-purpose solution for organizing your NFTs? Collections are a great solution to sort your NFTs and increase marketplace exposure on Refinable Storefronts.
The NFT collections that you make on Refinable are also linked to your custom marketplace – the possibilities of showing off what you own and collect are endless!
Getting your collection up and running on your custom marketplace on Refinable takes only a few steps.
Step 1: Create Your Custom Marketplace
Head on over to: https://app.refinable.com/store/create
You’ll be taken to the following landing page. Click “Continue” to proceed.
Step 2: Describe Your Marketplace
After clicking continue, you’ll be prompted to fill in a few boxes to describe your marketplace.
Over here, you’ll be asked to fill in the following:
– Marketplace Name
– Store Description
– Logo (Recommended 500 * 500 px)
– Favicon (Recommended 16 * 16 px)
– Banner (Recommended 2545 * 345 px)
– Direct URL (ending with .refinable.store)
– Your Contact Email
And yes, it’s all mandatory! In case you’re wondering, it’ll help out with SEO and getting discovered when people are browsing through google search.
Step 3: Import Or Create A Collection
The magic of the blockchain means that if you already minted NFTs on one of our supported blockchain networks, you can import them to create a collection on Refinable Storefronts.
However, if you’re starting from scratch, select “Create new collection” from the tabs in the prompt, and fill in all the fields necessary.
Step 4: Define Your Theme
We’re at the last stretch for creating your NFT collection!
Themes on Refinable Storefronts are reliant on picking two colors: a primary color and a background color. Clicking on the tab under each heading will open up a color picker.
Once you’ve picked out your colors, go ahead and click “Create Store”!
Congratulations, you’ve just created your first collection and storefront! As collections are an integral part of the Refinable experience, collections are not only just available to view in linear web page format, but also via Refinable’s Metaverse Galleries.
The amount of collections that you can make on Refinable are unlimited – go ahead and flex your curation muscles. Don’t forget to tag us when showcasing your Refinable Storefronts on social media. We periodically feature cool marketplaces on our main channel!