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global-marketplaces-banking-fees.md118 lines7.6 KB
v1GLOBAL
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| 1 | --- |
| 2 | name: global-marketplaces-banking-fees |
| 3 | description: > |
| 4 | Pattern library for online marketplaces (Etsy, eBay, Amazon Seller, AliExpress, Mercari, Depop, Vinted, Fiverr, Upwork, Toptal, Catalant, Andela, Patreon, Substack, Gumroad, Lemonsqueezy, Beehiiv, Whop) and recurring bank / payment-platform fees (wire fees, currency conversion, FX spreads, ATM fees, monthly account fees, overdraft, returned cheque). Provides bank-statement variations, classification, VAT/GST treatment, marketplace facilitator collection rules (post-Wayfair US states; EU marketplace deemed-supplier; UK platform reporting under DAC7-equivalent), and the 1099-K threshold reduction for US sellers (USD 5,000 for 2024, USD 600 for 2026 per OBBBA confirmation). Does NOT cover: cloud (see global-cloud-infrastructure), productivity SaaS (see global-productivity-tools), ad platforms (see global-ad-platforms), payment processors (see global-payment-processors). |
| 5 | version: 0.1 |
| 6 | jurisdiction: GLOBAL |
| 7 | category: pattern |
| 8 | verified_by: pending |
| 9 | --- |
| 10 | |
| 11 | # Global Marketplaces & Banking Fees Pattern v0.1 |
| 12 | |
| 13 | ## Section 1 — Marketplaces (seller-side classification) |
| 14 | |
| 15 | For a freelancer or e-commerce seller, marketplace transactions involve gross sales, fees, and platform-collected sales tax / VAT. Bank statements show only the net deposit. |
| 16 | |
| 17 | ### 1.1 Marketplace fee patterns |
| 18 | |
| 19 | | Marketplace | Bank statement variations | Fee structure | VAT/GST notes | |
| 20 | |---|---|---|---| |
| 21 | | **Etsy** | `ETSY.COM`, `ETSY*PMT`, `ETSY IRELAND` | Listing fee + 6.5% transaction + 3% + USD 0.25 payment processing | Etsy Ireland for EU; collects EU OSS VAT on B2C | |
| 22 | | **eBay** | `EBAY INC`, `EBAY COMM PMT`, `EBAY EUROPE` | 12.9% + USD 0.30 (FVF); plus optional store subscription | EU marketplace deemed-supplier rules; collects VAT on imported goods ≤ EUR 150 (IOSS) | |
| 23 | | **Amazon Seller** | `AMAZON SELLER`, `AMAZON PAYMENTS`, `AMAZON SERVICES EUROPE`, `AMAZON MKTPLACE PMTS` | Referral fee 6-45% by category; FBA fees; ad fees | Amazon collects "marketplace tax" in US states; EU/UK deemed-supplier for imports ≤ EUR/£150 | |
| 24 | | **AliExpress** | `ALIEXPRESS.COM`, `ALIBABA.COM` | n/a (buyer-side) | Buyer-side patterns mostly | |
| 25 | | **Mercari** | `MERCARI.COM` | 10% selling fee + payment processing | US / Japan operations | |
| 26 | | **Depop** | `DEPOP LTD` | 10% + payment fee | Etsy subsidiary | |
| 27 | | **Vinted** | `VINTED UAB`, `VINTED LTD` | Buyer-side fee (no seller fee); shipping fee | Lithuania HQ; EU marketplace | |
| 28 | | **Fiverr** | `FIVERR INTERNATIONAL`, `FIVERR.COM` | 20% Fiverr commission (5% of gig + 15% withhold) | Israel HQ | |
| 29 | | **Upwork** | `UPWORK INC`, `UPWORK GLOBAL` | 10% client fee + freelancer membership tiers | US HQ | |
| 30 | | **Toptal** | `TOPTAL LLC` | Variable commission | US HQ | |
| 31 | | **Catalant** | `CATALANT TECH` | Commission | US HQ | |
| 32 | | **Patreon** | `PATREON INC`, `PATREON*` | 8-12% by tier + 2.9% + USD 0.30 payment processing | US HQ | |
| 33 | | **Substack** | `SUBSTACK INC` | 10% + Stripe processing | US HQ | |
| 34 | | **Gumroad** | `GUMROAD INC` | 10% + Stripe processing | US HQ | |
| 35 | | **Lemon Squeezy** | `LEMON SQUEEZY`, `LEMONSQUEEZY` | 5% + USD 0.50 + Stripe; collects sales tax for sellers | Acquired by Stripe 2024 | |
| 36 | | **Beehiiv** | `BEEHIIV INC` | Tiered subscription + ad share | US HQ | |
| 37 | | **Whop** | `WHOP INC` | Commission on digital products | US HQ | |
| 38 | | **OnlyFans** | `OF*ONLYFANS`, `FENIX INTL LTD` | 20% platform fee | UK HQ (Fenix International) | |
| 39 | | **Twitch** | `TWITCH INTERACTIVE` | Revenue share with Amazon | Amazon subsidiary | |
| 40 | | **YouTube Creator** | `GOOGLE *YOUTUBE`, `GOOGLE PAYMENTS` | Ad share + Super Chat etc. | Google Ireland for EU | |
| 41 | |
| 42 | ### 1.2 Marketplace facilitator US sales tax |
| 43 | |
| 44 | **[T1]** Most US states (45+) require marketplaces above thresholds (typically $100k sales or 200 transactions) to collect and remit state sales tax on behalf of third-party sellers. Sellers report gross sales to marketplace but don't have independent sales tax obligation in those states for marketplace-facilitated transactions. |
| 45 | |
| 46 | ### 1.3 EU marketplace deemed-supplier |
| 47 | |
| 48 | **[T1]** From 1 July 2021, EU Marketplace Deemed Supplier rules: |
| 49 | - Distance sales of goods imported into EU ≤ EUR 150: marketplace deemed supplier (IOSS scheme) |
| 50 | - B2C goods supply from a third country by a non-EU seller via marketplace: marketplace deemed supplier |
| 51 | - Domestic B2C sales by non-EU seller via marketplace into EU consumer: marketplace deemed supplier |
| 52 | |
| 53 | ### 1.4 Form 1099-K thresholds (US) |
| 54 | |
| 55 | **[T1]** Reduced under American Rescue Plan to USD 600 from 2022; transition relief delayed: |
| 56 | - 2024: USD 5,000 threshold |
| 57 | - 2025: USD 2,500 |
| 58 | - 2026 onwards: USD 600 (confirmed by OBBBA P.L. 119-21 July 2025) |
| 59 | |
| 60 | Form 1099-K is reported by third-party settlement organisations (Stripe, PayPal, marketplaces). |
| 61 | |
| 62 | ### 1.5 EU DAC7 platform reporting |
| 63 | |
| 64 | **[T1]** Council Directive (EU) 2021/514 requires reporting platforms to provide data on sellers' transactions to tax authorities. Effective 1 January 2023 for reporting 2024. Coordinates with OECD Model Rules for Reporting by Digital Platform Operators. |
| 65 | |
| 66 | ### 1.6 UK Online Sales Tax / Platform Reporting |
| 67 | |
| 68 | **[T1]** UK has implemented OECD model rules from 1 January 2024 for platforms with sellers of goods, services, accommodation, transport. Platforms must report seller data to HMRC. |
| 69 | |
| 70 | --- |
| 71 | |
| 72 | ## Section 2 — Banking and payment fees |
| 73 | |
| 74 | ### 2.1 Recurring fee patterns |
| 75 | |
| 76 | | Pattern | Bank statement variations | Default category | |
| 77 | |---|---|---| |
| 78 | | **Wire fee** | `WIRE FEE`, `OUTGOING WIRE`, `INTERNATIONAL WIRE` | Bank charges / Other expenses | |
| 79 | | **Currency conversion fee** | `FX FEE`, `FOREIGN EXCH FEE`, `CURRENCY CONVERSION`, `0.5% INTL FEE` | Bank charges / Currency loss | |
| 80 | | **ATM fee** | `ATM FEE`, `OUT-OF-NETWORK ATM`, `INTERAC FEE` | Bank charges | |
| 81 | | **Monthly account fee** | `MONTHLY FEE`, `ACCT MAINT FEE`, `BANK ACCOUNT FEE` | Bank charges | |
| 82 | | **Overdraft fee** | `OVERDRAFT FEE`, `NSF FEE`, `INSUFFICIENT FUNDS` | Bank charges (note: deductibility may be restricted by purpose) | |
| 83 | | **Returned cheque fee** | `RETURNED CHK FEE`, `RETURNED ITEM FEE` | Bank charges | |
| 84 | | **PayPal sending fee** | `PAYPAL *FEE`, `PYPL FEE` | Bank charges / Payment processing | |
| 85 | | **Stripe transaction fee** | `STRIPE FEE`, `STRIPE *PROCESSING` | Bank charges / Payment processing | |
| 86 | | **Card swap / replacement** | `CARD REPLACEMENT`, `NEW CARD FEE` | Bank charges | |
| 87 | | **Wire receive fee** | `WIRE RECEIVED FEE`, `INTL WIRE IN FEE` | Bank charges | |
| 88 | | **Inactivity fee** | `INACTIVITY FEE`, `DORMANT ACCOUNT FEE` | Bank charges | |
| 89 | | **Foreign transaction fee (card)** | `FOREIGN TRANSACTION FEE`, `3% FX` | Bank charges / Currency loss | |
| 90 | | **SWIFT fee** | `SWIFT FEE`, `SWIFT MSG FEE` | Bank charges | |
| 91 | | **Verified by Visa** | `VBV FEE` | Bank charges | |
| 92 | |
| 93 | ### 2.2 Currency conversion accounting |
| 94 | |
| 95 | **[T1]** Multi-currency transactions create FX gain/loss: |
| 96 | - IFRS: IAS 21 — settle at spot rate at transaction; revalue monetary items at closing rate |
| 97 | - US GAAP: ASC 830 — same principle |
| 98 | |
| 99 | Bank-imposed FX spreads (e.g., 0.5% above interbank) are typically classified as bank charges, not FX loss. Strict accountants reclassify as a finance cost. |
| 100 | |
| 101 | ### 2.3 VAT on bank fees |
| 102 | |
| 103 | **[T1]** Most bank fees are exempt from VAT under "financial services" exemption (Article 135 PVD; IRC ITA s.135; etc.). Specific advisory or non-financial services from a bank may be taxable. |
| 104 | |
| 105 | --- |
| 106 | |
| 107 | ## Self-checks |
| 108 | |
| 109 | - [ ] Marketplace gross sales vs net deposit reconciled |
| 110 | - [ ] Marketplace fees recognised as expense |
| 111 | - [ ] Marketplace facilitator sales tax recognised (US states) |
| 112 | - [ ] EU OSS / IOSS / deemed-supplier treatment confirmed where applicable |
| 113 | - [ ] 1099-K reconciled to actual gross sales (US sellers) |
| 114 | - [ ] DAC7 platform data cross-referenced (EU sellers) |
| 115 | - [ ] Bank fees classified consistently |
| 116 | - [ ] FX gain/loss separated from bank fee |
| 117 | - [ ] Output flags every unusual line for reviewer |
| 118 |
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About
Pattern library for online marketplaces (Etsy, eBay, Amazon Seller, AliExpress, Mercari, Depop, Vinted, Fiverr, Upwork, Toptal, Catalant, Andela, Patreon, Substack, Gumroad, Lemonsqueezy, Beehiiv, Whop) and recurring bank / payment-platform fees (wire fees, currency conversion, FX spreads, ATM fees, monthly account fees, overdraft, returned cheque). Provides bank-statement variations, classification, VAT/GST treatment, marketplace facilitator collection rules (post-Wayfair US states; EU marketplace deemed-supplier; UK platform reporting under DAC7-equivalent), and the 1099-K threshold reduction for US sellers (USD 5,000 for 2024, USD 600 for 2026 per OBBBA confirmation). Does NOT cover: cloud (see global-cloud-infrastructure), productivity SaaS (see global-productivity-tools), ad platforms (see global-ad-platforms), payment processors (see global-payment-processors).
GLOBALty-2025
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