All vendors on Ogbone are required to note that the platform deducts an 8% payment processing fee from each online transaction. This fee is automatically applied to cover secure payment handling and platform operations.To ensure your profitability and avoid revenue shortfalls, we strongly recommend incorporating this 8% fee into your pricing strategy when listing items. For example:If your desired net revenue per item is ₦10,000, price it at approximately ₦10,800 (₦10,000 ÷ 800) to fully offset the fee. Failure to account for this fee may result in reduced earnings. For questions on pricing calculations or fee breakdowns, contact support@ogbone.i.ng
2.1 Vendor Eligibility Vendors must provide valid identification and business details Must comply with Nigerian laws and regulations 2.2 Vendor Responsibilities
Vendors agree to:
List accurate product descriptions and pricing Deliver products as promised before revenue withdrawal Provide quality customer service Handle returns/refunds professionally 2.3 Prohibited Products
Vendors MUST NOT list:
Illegal goods Counterfeit products Harmful or restricted items 2.4 Commission & Fees Ogbonge charges a commission on each sale Fees will be clearly communicated on vendor dashboard 2.5 Payments Vendors will receive payouts after successful order completion Payment cycles may vary (e.g., weekly/bi-weekly) 2.6 Disputes Vendors must cooperate in resolving disputes Ogbonge reserves the right to mediate and make final decisions 2.7 Account Suspension
Vendor accounts may be suspended for:
Fraudulent activity Poor customer experience Violation of policies