Articles on: Store Features

Store Fees in Primary Sales

When you launch an NFT Store, you are not just creating a typical store, where you are selling the NFTs and others are the buyers. Instead, you can make your NFT store, a fully-functioning NFT Marketplace where others can also be allowed to create, mint, and sell their own NFTs.

Therefore, when you offer a beautiful NFT platform for others to mint and sell their NFT, then why not monetize this platform. And this is where Store Fee comes into play.

You may charge any percentage as the store owner and when someone will sell their NFT for the first time in your store, you will receive the mentioned percentage of the Sale amount directly in your wallet.

For entering the percentage for primary sale, just enter the percentage number and then enter the wallet address to which you want to send this amount to. By default, the wallet address is of the store owner, you may change it if you want and then that wallet will receive the store fees.

This fee will ensure that you are receiving the commission as the store owner for facilitating a platform for others to mint and sell their NFTs.

Please note that both primary and secondary Store fee can be directed to a single wallet address only.

Updated on: 28/02/2022

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