CasperVend 2/Fees: Difference between revisions
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==="CasperVend Free"=== | ==="CasperVend Free"=== | ||
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CasperVend Free charges 5% for all transactions | CasperVend Free charges 5% for all transactions. | ||
==="CasperVend Premium" (incl. Fat Pack)=== | ==="CasperVend Premium" (incl. Fat Pack)=== | ||
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CasperVend Premium is commission free, except in the following circumstances: | CasperVend Premium is commission free, except in the following circumstances: | ||
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===Free Items=== | ===Free Items=== | ||
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We don't levy any fee for items being sold for free. This will never change. | We don't levy any fee for items being sold for free. This will never change. | ||
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===Previous Behaviour=== | ===Previous Behaviour=== | ||
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- Free vendors charged 5%, '''rounded up to the nearest L$''' | - Free vendors charged 5%, '''rounded up to the nearest L$''' | ||
- Affiliate vendors charged 2%, also rounded up to the nearest L$, '''except''' transactions valued below L$10 which were free. | - Affiliate vendors charged 2%, also rounded up to the nearest L$, '''except''' transactions valued below L$10 which were free. | ||
===New Behaviour=== | ===New Behaviour=== | ||
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We have now implemented a system we call "fee tallying". It aims to make the system fairer for all. | We have now implemented a system we call "fee tallying". It aims to make the system fairer for all. | ||
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===I'm confused..=== | ===I'm confused..=== | ||
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Ok, so here's the new system in a nutshell. | Ok, so here's the new system in a nutshell. | ||
The result is that '''you are charged on the total sales you make''', not on each individual transaction. This means that you end up paying exactly the right amount, with no rounding up or down - we believe this is the fairest system for all. | The result is that '''you are charged on the total sales you make''', not on each individual transaction. This means that you end up paying exactly the right amount, with no rounding up or down - we believe this is the fairest system for all. | ||
Revision as of 11:46, 25 July 2014
Fees are charged on certain services. These are often referred to as "commission", because they generally represent a percentage of your sales.
Charged Fees
"CasperVend Free"
CasperVend Free charges 5% for all transactions.
"CasperVend Premium" (incl. Fat Pack)
CasperVend Premium is commission free, except in the following circumstances:
- If you give the vendor out as an affiliate vendor, 2% will be charged on each transaction. - If you sell through PrimBay you will be charged 2% (PrimBay itself charges you the 2% in this case).
Free Items
We don't levy any fee for items being sold for free. This will never change.
How fees are calculated
On the 16th of November, 2013, we changed the way that fees are calculated.
Previous Behaviour
- Free vendors charged 5%, rounded up to the nearest L$ - Affiliate vendors charged 2%, also rounded up to the nearest L$, except transactions valued below L$10 which were free.
New Behaviour
We have now implemented a system we call "fee tallying". It aims to make the system fairer for all.
Every time you make a sale, the value of that sale is added to your "tally". When taking commission, we now round down to the nearest L$. We then take the amount charged for off your tally.
This is like a running total, with commission taken when appropriate. Some examples:
Scenario: Free Vendor, 5% commission Sale: L$6. Tally: L$6, no commission taken Sale: L$6. Tally: L$12, no commission taken Sale: L$6. Tally: L$18, no commmission taken Sale: L$6. Tally: L$4, L$1 commission charged Sale: L$6. Tally: L$10, no commission taken
Scenario: Affiliate Vendor, 2% commission Sale: L$549. Tally: L$49, L$10 commission taken Sale: L$549, Tally: L$48, L$11 commission taken
I'm confused..
Ok, so here's the new system in a nutshell.
The result is that you are charged on the total sales you make, not on each individual transaction. This means that you end up paying exactly the right amount, with no rounding up or down - we believe this is the fairest system for all.