GoDaddy is launching an online marketplace and charging sellers $4.99/month with a 10% commission fee on all sales. The company, known for its domain-name registration and web-hosting services, will process customer payments on behalf on merchants.
According to the website, "Go Daddy Marketplace is a secure, online shopping venue that provides a common storefront for GoDaddy customers to promote and sell their products, and shoppers access to purchase products through a community shopping cart. Vendors can create a shop, and manage products and orders via the Marketplace Manager. Shoppers can browse, conduct searches, and purchase products from a variety of vendors."
A credit card is required to open a Go Daddy Marketplace account. According to the terms, vendors issuing refunds will receive a return of 70% of the original commission charged; orders with credit-card chargebacks are subject to a $25 fee and will not be refunded the original commission fee.
The Go Daddy Marketplace is set to launch later this month.
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