Silk Road forums
Support => Technical support => Topic started by: Bungee54 on August 23, 2012, 08:01 am
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Can somebody please elaborate on this..
we have our Listings up we want them to show exactly the price the customer has to pay in the end ALL INCLUSIVE!
When you enter your product prices there should be a 2 more fields which shows how much goes to you in the end after comission ..after hedging.-
for example we trow out sample offers for 70 bucks but in the end they cost 76.xx
this is always a bit confusing...also customers cant see if our pricing is post or pre comission.
or do we just understand this wrong ?
also how long does it take for the pricing changes to appear in listings?
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Can somebody please elaborate on this..
we have our Listings up we want them to show exactly the price the customer has to pay in the end ALL INCLUSIVE!
When you enter your product prices there should be a 2 more fields which shows how much goes to you in the end after comission ..after hedging.-
for example we trow out sample offers for 70 bucks but in the end they cost 76.xx
this is always a bit confusing...also customers cant see if our pricing is post or pre comission.
or do we just understand this wrong ?
also how long does it take for the pricing changes to appear in listings?
Hi Bungee54,
As I understand it, choosing "post-commission pricing" will allow you to set the price at $70, and that is what your customer will see on the listing. He will pay $70, however, you will receive less than that ($70 - $5.95 (8.5% commission) = $64.05) when the transaction is complete.
If you choose to hedge your order, you will be charged a further 4% ($2.80), so the amount you receive will be $61.25, but the customer will still only see and pay $70.
If you choose "pre-commission pricing" and you set the price at $70, you will receive $70 when the transaction is complete but your customer will see and pay a price of $75.95.
If you choose to hedge your order the amount you receive will still be $70, but the customer will now see a price of $78.99 ($75.95 + $3.04 hedging fee.)
(I'm not entirely sure if the hedging fee is calculated on the full amount including commission or the amount without commission - I'm not a vendor, so perhaps a vendor that uses hedging can clarify that for you.)
The commission rates are as follows:
10% of the first $50
8.5% of $50 - 150
6% of $150 - 300
3% of $300 - 500
2% of $500 - 1000
1.5% for everything over $1000
The above figures are directly quoted from the State of the Road Address by DPR here: http://dkn255hz262ypmii.onion/index.php?topic=8397.0
So your customer will see the all-inclusive price both ways - with the first way you end up with less money at the end of the transaction than the price you set but the price you set is shown on the listing (inclusive of all fees); with the second way, you get fully paid the price you set but your customer sees a higher price on the listing (inclusive of all fees).
The pricing option descriptions are available under "Pricing" in the seller's guide here: http://silkroadvb5piz3r.onion/index.php/silkroad/sellers_guide
It still sounds fairly complicated, but I hope I've been of some help to you.
- grahamgreene
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Thanks a bunch bro for that very thorough explanation.
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Thanks a bunch bro for that very thorough explanation.
You're very welcome! :)
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Am I looking in the wrong place for the info I need? Thanx for any help!!!
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Am I looking in the wrong place for the info I need? Thanx for any help!!!
Which information is it that you seem to be in dire need of?
We have ti know that to help solving it