CasperVend 2/Fees: Difference between revisions
(Created page with "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 ...") |
No edit summary |
||
| Line 13: | Line 13: | ||
- If you give the vendor out as an affiliate vendor, 2% will be charged on each transaction. | - If you give the vendor out as an affiliate vendor, 2% will be charged on each transaction. | ||
- If you sell through PrimBay AFTER the 1st of January, 2014, you will be charged 2% (PrimBay itself charges you the 2% in this case). | - If you sell through PrimBay AFTER the 1st of January, 2014, you will be charged 2% (PrimBay itself charges you the 2% in this case). | ||
=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$11 commission taken | |||
==I'm confused..== | |||
Ok, so here's the new system in a nutshell. | |||
The result is that '''you are charged on the total sales you make''', not on each individual transaction. This means that you end up paying exactly the right amount, with no rounding up or down - we believe this is the fairest system for all. | |||
Revision as of 12:07, 16 November 2013
Fees are charged on certain services. These are often referred to as "commission", because they generally represent a percentage of your sales.
Charged Fees
"CasperVend Free"
CasperVend Free charges 5% for all transactions. If you sell through PrimBay BEFORE the 1st of January, 2014, this fee is waived.
"CasperVend Premium" (incl. Fat Pack)
CasperVend Premium is commission free, except in the following circumstances:
- If you give the vendor out as an affiliate vendor, 2% will be charged on each transaction. - If you sell through PrimBay AFTER the 1st of January, 2014, you will be charged 2% (PrimBay itself charges you the 2% in this case).
How fees are calculated
On the 16th of November, 2013, we changed the way that fees are calculated.
Previous Behaviour
- Free vendors charged 5%, rounded up to the nearest L$ - 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.