Silk Road forums
Support => Customer support => Topic started by: Nod4Less on May 11, 2013, 10:36 am
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Hello -
I'm going through my numbers for transactions and I've come across a stumper. I need a breakdown of fees (fee schedule) for vendors for ANY and EVERYTHING that is charged for. It is probably available in the VENDOR SECTION of these forums - but my MONTH OLD request for SR Vendor status (3 requests, actually) have gone without response. I was asked to be patient, but waiting a month to have critical information such as this - it's a little ridiculous, especially with the amount of money being taken out of these listings.
So - I want my SR Vendor Status & I want to know where my money is going.
Maybe you guys should take all the money you're making - which has got to be ungodly - and hire a few more people to get some simple shit done - if I ran my business this way, I'd be out of business - but I'm not running a monopoly on an illegal enterprise - must be nice.
N4L
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Hello -
I'm going through my numbers for transactions and I've come across a stumper. I need a breakdown of fees (fee schedule) for vendors for ANY and EVERYTHING that is charged for. It is probably available in the VENDOR SECTION of these forums - but my MONTH OLD request for SR Vendor status (3 requests, actually) have gone without response. I was asked to be patient, but waiting a month to have critical information such as this - it's a little ridiculous, especially with the amount of money being taken out of these listings.
So - I want my SR Vendor Status & I want to know where my money is going.
Maybe you guys should take all the money you're making - which has got to be ungodly - and hire a few more people to get some simple shit done - if I ran my business this way, I'd be out of business - but I'm not running a monopoly on an illegal enterprise - must be nice.
N4L
Hi Nod4Less,
Please see here for getting access to the Vendor Roundtable and obtaining the 'Vendor' tag:
http://dkn255hz262ypmii.onion/wiki/index.php?title=Vendor_roundtable
Once you satisfy the requirements set out on the page above you will need to message Vendor Support over on the main site and they will deal with your request for Vendor Roundtable access.
You can find all the information regarding Silk Road fees in the following post:
http://dkn255hz262ypmii.onion/index.php?topic=100160.msg702790#msg702790
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
Just one thing to add about fees: commission is not charged on the price of shipping.
I hope that answers your questions; please let me know if you need any further information.
Libertas
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Amazingly helpful - didn't even know there was a State of the Road Address - I'm going to dive into these numbers ASAP.
The reason I asked is that I'm having a hard time with some of the numbers given on the transaction history screen - I'm trying to figure out what I am supposed to add/subtract in order to determine how much money is going to me, how much to SR - but the main problem is that it looks to me (based on the numbers) that I paid a higher fee on one transaction that is actually smaller in dollar size than another - and I can't figure out why?
Who could help me with that - looking at specific transactions with me - is that something vendor support can do with me via torchat or something??
UTTERLY CONFUSED -- N4L
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Amazingly helpful - didn't even know there was a State of the Road Address - I'm going to dive into these numbers ASAP.
The reason I asked is that I'm having a hard time with some of the numbers given on the transaction history screen - I'm trying to figure out what I am supposed to add/subtract in order to determine how much money is going to me, how much to SR - but the main problem is that it looks to me (based on the numbers) that I paid a higher fee on one transaction that is actually smaller in dollar size than another - and I can't figure out why?
Who could help me with that - looking at specific transactions with me - is that something vendor support can do with me via torchat or something??
UTTERLY CONFUSED -- N4L
It may be something that I'm able to sort out for you from here. Vendor Support will not be able to help you in real-time, only in messages, so no TorChat or anything like that.
To give me a better idea of what's happening, please let me know the following:
1.) Have you chosen to set your prices at pre-commission pricing or post-commission pricing?
http://dkn255hz262ypmii.onion/wiki/index.php?title=Seller%27s_Guide#Pricing
2.) The amount (USD) that the two listings were for and whether you had the same pricing structure (pre or post-commission) for both listings. As I said earlier, commission is not charged on shipping, but please also let me know the shipping cost.
3.) Whether or not the items were (both) hedged. There is a ~4% hedging fee on all hedged orders, and this is subtracted from the amount you will receive.
4.) The rough time & date of each transaction, if unhedged, to determine if Bitcoin volatility played a part in the amounts paid. (Feel free to PM this last piece of info to me.)
Libertas
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Wow - nevermind - I'm such a fucking idiot - I forgot that I changed prices in between these customers since they both finalized on the same day...
Thanks again for everything - I needed that info anyway!!
N4L
(How about the vendor status - anything that can be done about that?)
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Wow - nevermind - I'm such a fucking idiot - I forgot that I changed prices in between these customers since they both finalized on the same day...
Thanks again for everything - I needed that info anyway!!
N4L
(How about the vendor status - anything that can be done about that?)
;D
Glad I could be of help! Regarding the vendor status, I replied to that in reply to your original post. :P
Locking this as resolved.
Libertas