SR2.0 vendor fees

[goblin]

Hello to all the fellow vendors here on SR. I just started here in this new incarnation of SR (haven't sold anything yet), and tried to find out what the selling fee is for vendors (that is, how much they take off your item selling price once a buyer finalizes), but can't find that anywhere.

Can any of you vendors tell me please?

Thank you very much.

goblin

[5thAmendment]

8%

[McRAD]

8% seems insane!

Please lower fees SR. PLEASE!!

[Sarge]

The fees go on a sliding scale depending your total amount of sales.

They drop rather quickly, and eventually drop to 4%

this is to benefit long term vendors.

[LongLiveSR]

The fees go on a sliding scale depending your total amount of sales.

They drop rather quickly, and eventually drop to 4%

this is to benefit long term vendors.

When exactly is "eventually"? Please tell us more about the sliding scale.

How much $ / many sales are talking about per "level"?

[Dread Pirate Roberts]

Fees are cumulative. So after a $300 and a $200 sale, another $200 sale would only pay 6%. $20,000 is a low amount for vendors on Silk Road to reach.

$0-$499: 8%
$500-$4,999: 6%
$5,000-$9,999: 5%
$10,000-$19,999: 4.5%
$20,000+: 4%

[Synergy]

Everyone please pay attention to the word cumulative, it puts things in a very different context rather just baulking at the 8%.

Synergy

[majicmike]

when will new vendor registrations be open and is it 200 dollars joining fee?

[Hiniguel]

$0-$499: 8%
$500-$4,999: 6%
$5,000-$9,999: 5%
$10,000-$19,999: 4.5%
$20,000+: 4%



Which is perfectly fair considering what they do for us.

[Alexandrus]

Fees are cumulative. So after a $300 and a $200 sale, another $200 sale would only pay 6%. $20,000 is a low amount for vendors on Silk Road to reach.

$0-$499: 8%
$500-$4,999: 6%
$5,000-$9,999: 5%
$10,000-$19,999: 4.5%
$20,000+: 4%

I checked what fee I get when setting the price for an item.
I have sold for more than 500$ but I don't have 6% fee on everything.
For a cheap item (under 500$) I get a 8% fee and for more expensive items (over 500$) I get a 6% fee.

Is this not working properly or have I misunderstood something?

[nationchemz]

Fees are cumulative. So after a $300 and a $200 sale, another $200 sale would only pay 6%. $20,000 is a low amount for vendors on Silk Road to reach.

$0-$499: 8%
$500-$4,999: 6%
$5,000-$9,999: 5%
$10,000-$19,999: 4.5%
$20,000+: 4%

I'm over 20000 and I am still at 8%

[Dread Pirate Roberts]

Above posters: Thank you for pointing this out, we've found the problem (trivial one) and will push it out at next launch. Item pricing is currently set yes so we've just swapped the formula.

[nationchemz]

Above posters: Thank you for pointing this out, we've found the problem (trivial one) and will push it out at next launch. Item pricing is currently set yes so we've just swapped the formula.

Good looks

[trava]

Above posters: Thank you for pointing this out, we've found the problem (trivial one) and will push it out at next launch. Item pricing is currently set yes so we've just swapped the formula.

thank you dpr !

[Tessellated]

Above posters: Thank you for pointing this out, we've found the problem (trivial one) and will push it out at next launch. Item pricing is currently set yes so we've just swapped the formula.

Good to hear, I was getting close to mentioning that I was still at 8%. Glad this is being resolved.

[missbliss]

hi hi

oh wow nice it's cumulative! i didnt realize that. i hadnt noticed any difference yet between the fee on each sale, so i figured it was like the old SR and did the fee calculation on a per sale total. not a per account total!

much appreciated bob!

xoxo
-mb

[LevelHead]

Fees are cumulative. So after a $300 and a $200 sale, another $200 sale would only pay 6%. $20,000 is a low amount for vendors on Silk Road to reach.

$0-$499: 8%
$500-$4,999: 6%
$5,000-$9,999: 5%
$10,000-$19,999: 4.5%
$20,000+: 4%

That is a very fair system you have implemented DPR. I was thinking the fees were high on larger orders, but the cumulative nature of it makes it very reasonable.

[LostBoy]

this all seems fair. SR gives vendors a global marketplace, reaching 20k should not be hard.

[TheWarehouseProject]

So if i create a listing there is still 8% added to the total.
But only 6% will be deducted if that is where we at?
Thanks.

[QualityMeds]

ok yes it is 8% - when I make a listing, if I want the customer to pay X amount, I have to set the price at .9259333 X price of listing set. So when I set a price at $92.59, the price shown to the customer is $100. 100/92.5933 = 1.0799 (essentially 8%). This is when I first started selling, does the sliding scale mean that I now have to completely change the prices of all my listings if I want the price shown to the customer to stay the same? Or am I missing somethng , there doesn't seem to be an option for me to pay the fee as the fee is always added onto the price of the listing, essentially charging the customer. Would I have to constantly change my pricing as I reach another cumulative level and my percent fee drops, to keep the price shown the same? If so, I guess this isn't a problem because I should reach 20k very quickly but it would be nice to have a check box, like on SR 1.0 to make the price I set "post fee" and not "pre fee".

QM

[utopic]

ok yes it is 8%... Would I have to constantly change my pricing as I reach another cumulative level and my percent fee drops, to keep the price shown the same? If so, I guess this isn't a problem because I should reach 20k very quickly but it would be nice to have a check box, like on SR 1.0 to make the price I set "post fee" and not "pre fee".

QM

Currently this cumulative scale is nothing other than a crock of crap that is not true as of yet and hasn't been as long as this site has been around so far. Higher fees in the beginning that are a "bug". It used to be based on the sale amount below, now it's apparently "cumulative" however I foresee them changing this before implentation after realizing how the old pricing structure incurred much higher profits for them across the board( and is currently what they're sticking to).

Old SR was something like this --> AND THEY PAID FOR/HAD HEDGING <--
$0-50: 10%
$50-300: 7.5%
$300-1000: 6%
1000+: 5%


Why are vendors getting the raw end of the stick time after time, even with a new marketplace Bob?


Also, post fee & pre commission pricing options are something I added to the vendors feature request page on the roundtable however I've gotten no response from anyone. This seems to be an enormous problem for sellers like myself who have to change prices to beat competition 3+ times/week on over half of our listings and have extreme OCD in making pricing look perfect, "74.95, 100, 44.95" instead of "82.13".