Seller Statements

Seller statements provide a summary of a seller’s activity on Whatnot.  These statements detail income, fees, costs, and payouts in the period to help with financial reporting needs, including calculating taxes.

Seller statements are accessed under Statements in the the Financials section of the Seller Hub.

What statements are available?

A 2024 annual statement, and supporting data, will be available to all sellers who had activity in 2024.

From January 2025 onwards, all sellers with activity in a calendar month will receive monthly seller statements.

UK sellers will also receive a statement aligning to the UK tax year.

What is included in each line item?

• Opening balance: unpaid out balance at the start of the period

Earnings

• Gross sales: income from sales (net of coupons)
• Tips: income from tips
• Affiliate rewards: income from the Whatnot affiliate rewards program
• Seller referral bonus: income from the Whatnot seller referral program
• Giveaway refund credit: credit issued for unreceived giveaways
• New seller cash match: income from new seller bonus cash match promotion 
• Other adjustments: Any other income, credits, and reimbursements

Fees & costs

• Platform commissions: expense of platform commissions charged on sales
• Payment processing fees: expense of payment processing fees charged on transactions
• [U.S. only] Sales & use tax on fees and commissions: U.S. taxes charged on fees and commissions
• Show boost and promote: expense of show boost and show promotion
• Seller paid shipping costs: expense from offering reduced or free shipping, including giveaway shipping cost
• Shipping surcharges and fees: expenses from amounts charged back for shipping label adjustments and other shipping charges and fees
• Order refunds: billbacks for refunded orders
• Other fees and adjustments: Any other expenses, charges, and costs

• Payouts: payouts during the period

• Closing funds: unpaid out balance at the close of the period

Total income

• Total earnings: total cash earnings
• Credits: Whatnot credits (non-cash) spent in the period, including credits issued under the buyer referral program
• Total income: total cash and non-cash earnings in the period

Why do my statement numbers not match my Seller Analytics? 

Seller Analytics provides estimates of your earnings and fees, which may not always match the amounts in your Seller Statements, Ledger or, as applicable, Form 1099. For accurate information, including for tax and reporting purposes, always refer to your Seller Statements, Form 1099 and Ledger as the source of truth.

Note: sellers will only see lines for which they have activity in the period.  If any of the lines above do not appear on your statement it is because you did not have that kind of income or expense in the period.