Printful POD charges...

[webtrekker]

I can't seem to find a straight answer to this on the net.

The way I understand Printful charges is this:

1. Printful charge a basic price for the product.

2. This price does NOT include shipping costS.

3. This price does NOT include VAT if shipped from/to anywhere in the EU.

So, the way I reckon it is that I would need to charge on my site:

(Printful item cost + Printful shipping cost + my profit) x the VAT rate

Is this right? This certainly bumps my retail prices up. I'm now toying with the idea of selling outside of the EU only.

[webtrekker]

On second thought, .............

I'm thinking that now the VAT is added by Printful to their total cost, so the formula would be:

(Printful item cost + Printful shipping cost) x the VAT rate

My retail price on my site would be: the answer to the above calculation + any expected profit.

As an example, I believe it would work like this for an 18" cushion priced at $17 and fulfilled from their European fulfillment centre based in Latvia:

Printful product price = $17
Printful Flat-rate shipping = $6.75
Subtotal = $23.75
VAT @ 21% Latvia rate = $4.99
Total = $28.74 = £22.17

Now, if I want, say, £5 approx profit from the sale of a cushion, then I'd have to charge £27.17 (£22.17 + £5) on my site. I could do this by advertising at £27.17 with FREE shipping or, say, £22.18 plus £4.99 shipping. Same difference, just different psychology!

Am I on the right track here? Does anyone use Printful or similar dropshipping POD fulfillment centres? I guess my best bet would be to set up my checkout, order a cushion for myself, and see what the costs and delivery times are.

[JMugs]

"Am I on the right track here? Does anyone use Printful or similar dropshipping POD fulfillment centres? I guess my best bet would be to set up my checkout, order a cushion for myself, and see what the costs and delivery times are."

That would appear to be the way forward.

Janners

[Customprintwales]

Printful charges are WITHOUT VAT so if you are not VAT registered then the price on Printful web site needs to have VAT added on for your own pricing.

If you are VAT registered then you can send them your VAT details and they will not charge you VAT because you are paying VAT yourself. Without a VAT number Printful will charge VAT.

It can work out a little expensive but I sell tees and mugs at the moment from Printful and I just use the 80% markup on Printful prices which gives me a reasonable net profit to pay etsy commissions and just about manage Amazon commission with a reasonable net profit.

The thing I've noticed though is my US sales have started. I've never done sales to the US before but I'm getting sales from Etsy so I'm happy. It's just an additional part of what I offer. I've also had some sales off the website to the US and Canada as well because Printful integrates really well and sorts out all the postage automatically.

I'm happy as it's bringing in some useful money for doing literally nothing once the items are uploaded.

[Customprintwales]

Actually I might be wrong. They will still charge VAT but if you are registered then you just claim it back as per norm.

This is the way Printful shows it

https://www.printful.com/faq/taxes-and- ... om-europe-

We calculate VAT with the following formula: (Printful product price - discounts + shipping price)*VAT rate %

If the item is being shipped to the UK then the VAT is 20%

If the item is being shipped anywhere else in the EU then the VAT rate is 21% which is Latvia's where Printful EU is based.

BUT

If you are VAT registered and send them your details they will only charge VAT at 20% in the UK and Vat at 21% in Latvia. Anywhere else in the EU the VAT rate charged will be 0%

If you submit a valid VAT ID to Printful, we'll charge 0% VAT. Except for orders going to countries where Printful is a registered VAT payer – those count as domestic sales and will have added VAT charges. We're also always obligated to charge VAT to customers registered in the same countries we are.


This is why I've always avoided international sales until now. It's just too complicated

[Earl Smith]

Not too sure how this will affect you. I have a friend in Holland who buys english products in the UK and imports them into Holland to sell in his shop. He has just messaged me with some scary information on price rises. The pound is very jumpy at the moment https://www.bbc.com/news/business-45113862 and my friends transport cost for a pallet of goods has gone up from 88pounds to 133pounds. That is not a small increase.
So, be aware, exchange rates , and costs across the borders are going up.

[StellaD]

I think your friend may be a bit confused about exchange rates and the BBC will do anything to attack "Brexit".

The Euro/£ exchange rate yesterday was 1.12 euros= £1 and that is only 1 Cent different from a month ago. Add to this that a weak Pound means it is cheaper for other countries to buy our goods -your friend has to find slightly less Euros to buy British currency, so any increase in his import costs has little or nothing to do with the exchange rate.

[Customprintwales]

There's been a small change in pricing overnight because of the drop in value but not much.

Tees I imported last night into Etsy from Printful at 80% markup gave a price of £18.50 and tonight I've just done it and the price is £19.00 for exactly the same item. Printful does round up so that probably explains the nice 50p increase. It's about 3% or 4% rise from exchange rates movements.

Certainly not as large as your friends transport costs.

[Earl Smith]

I think your friend may be a bit confused about exchange rates and the BBC will do anything to attack "Brexit".

The Euro/£ exchange rate yesterday was 1.12 euros= £1 and that is only 1 Cent different from a month ago. Add to this that a weak Pound means it is cheaper for other countries to buy our goods -your friend has to find slightly less Euros to buy British currency, so any increase in his import costs has little or nothing to do with the exchange rate.

I must agree I thought it was strange as he should have gotten more bang for his Euros, which indeed he did. But it was the transport costs that have risen and not the cost of buying.

Its strange how you see the BBC as against Brexit. They appear to be very pro Brexit from what I see. ( the same as you via satellite). Odd how both camps see things differently.

[webtrekker]

Well, I've got my own website set up now with an embedded Ecwid store for selling mainly Printful POD products. I'm planning on selling only in Europe for starters and have my shopping cart set up to account for the VAT added by Printful to their product prices, and also the Printful flat rate shipping charges.

I had to add an SSL certificate to my own site but I'll soon be good to go once I've added all the Printful designs to the store. Heavily involved with producing my own designs and mockup graphics at the moment.