Silk Road forums

Discussion => Silk Road discussion => Topic started by: munkies on April 07, 2013, 03:08 am

Title: What are the SR fees?
Post by: munkies on April 07, 2013, 03:08 am
Just wondering, what is the commission for each transaction?
Title: Re: What are the SR fees?
Post by: pkizenko98 on April 07, 2013, 05:35 am
I don't know, but I love your balanced karma!
Title: Re: What are the SR fees?
Post by: Vatican on April 07, 2013, 11:45 am
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
Title: Re: What are the SR fees?
Post by: grahamgreene on April 10, 2013, 03:37 am
Further to what Vatican has posted, the Silk Road fees can be found in detail, with examples, in my post here:
http://dkn255hz262ypmii.onion/index.php?topic=100160.msg702790#msg702790

Quoted for your convenience:

Been searching the wiki and the forums and can't seem to see the transaction fee %'s spelled out anywhere.

Anybody know them, or have a link\want to point me in the right direction?

Hi moksha,

The commission scale has been laid out on the forums a number of times but it always disappears in the haze of crazy posts! Here's an example from DPR's State of the Road Address:
http://dkn255hz262ypmii.onion/index.php?topic=8397.0

We also went to the Silk Road independent sellers to see what they thought an appropriate commission schedule would look like.  The average response looked like this:

15% of the first $10
11% of $10 - $50
8.14% of $50 - $250
5.6% of $250 - $1000
3.7% of $1000 - $5000

We looked at past sales data and our current and future revenue needs and were able to bring these numbers down even further:

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

So taking DPR's fee scale, here is how a sale is broken down:

In a $300 sale, for example:

$50 is charged at 10% of the first $50, so $5 fee.
$100 is charged at 8.5% of the next $50 - $100, so $8.50 fee.
$150 is charged at 6% of the final $150 - $300, so $9 fee.

Total: $300.
Total commission: $22.50
Total paid to vendor for item: $277.50
Total paid to vendor for item, if hedging order (@ 4% hedging fee): $266.40


In a $1016 sale, for example:

$50 is charged at 10% from the $0 - $50 point, so $5 fee.
$100 is charged at 8.5% from the $50 - $100 point, so $8.50 fee.
$150 is charged at 6% from the $150 - $300 point, so $9 fee.
$200 is charged at 3% from the $300 - $500 point, so $6 fee.
$500 is charged at 2% from the $500 - $1000 point, so $10 fee.
$16 is charged at 1.5% from the $1000 and up point, so $0.24 fee.

Total: $1016.
Total commission: $38.74
Total paid to vendor for item: $977.26
Total paid to vendor for item, if hedging order (@ 4% hedging fee): $938.17


You may also be interested in the post I wrote in response to a question asked by Bungee54 about pre-commission and post-commission pricing. That post explains how much you get if you choose pre-commission, how much you get if you choose post-commission, how much you get if you decide to hedge, and what the customer will actually see on the listing itself depending on the option you choose.

You can find that post here:
http://dkn255hz262ypmii.onion/index.php?topic=37765.msg429683#msg429683

- grahamgreene
Title: Re: What are the SR fees?
Post by: 2513415 on April 10, 2013, 05:01 am
I don't know, but I love your balanced karma!

Classic!