Silk Road forums
Support => Technical support => Topic started by: Off The Wagon on April 02, 2012, 10:03 pm
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OK, Im a little confused here, maybe somebody can help me understand. I have my listings pegged to the $, and my listings are hedged. I have the prices set to pre commission, so that I put what I need to get, then SR adds their cut onto the final price. Well, when a customer finalizes their order, what I get is still a little less than what I put the price at...Im confused! It seems as if they are adding their cut on top of my price, and then taking some out of my cut as well...????
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you're getting less because there is a fee for hedging your orders, about 4%.
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This confuses the hell out of me as well.
My product costs $22.09 (in total, post-commission), shipping is $3, and the total price in the tx# details is $22.50 where it should be $25.09. Okay, I understand the we're paying the extra 4% for the hedging, but the difference here between what I get and what I should get is more like 10% than 4%!
I mean, what the hell! Where does the rest of the money go?
Zen Garden
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Please refer to the sellers guide: http://dkn255hz262ypmii.onion/wiki/index.php?title=Seller%27s_Guide#Pricing_and_commission
Pricing and commission
You may peg the price of your listings to any of the currencies supported by Silk Road. All sales are settled in Bitcoins however, so if you peg to a currency other than Bitcoin, the final Bitcoin price of your item will fluctuate based on the exchange rate between Bitcoin and your peg currency.
You may also choose whether to set your price before or after commission is added. If you choose "pre-commission pricing", the price you set will be the amount of money you are paid when a transaction is complete, but your customers will see a higher price that includes the commission. If you choose "post-commission pricing", you set the price that your customers pay. When you get paid, the amount you receive will be less than this by the amount of the commission. The commission on any given sale depends on the total Bitcoin price and is subject to change at any time.
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This confuses the hell out of me as well.
My product costs $22.09 (in total, post-commission), shipping is $3, and the total price in the tx# details is $22.50 where it should be $25.09. Okay, I understand the we're paying the extra 4% for the hedging, but the difference here between what I get and what I should get is more like 10% than 4%!
I mean, what the hell! Where does the rest of the money go?
Zen Garden
The escrow currency is always USD; the difference you're seeing is likely being caused by the USD:EUR exchange rate.
Libertas
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Please refer to the sellers guide: http://dkn255hz262ypmii.onion/wiki/index.php?title=Seller%27s_Guide#Pricing_and_commission
Pricing and commission
You may peg the price of your listings to any of the currencies supported by Silk Road. All sales are settled in Bitcoins however, so if you peg to a currency other than Bitcoin, the final Bitcoin price of your item will fluctuate based on the exchange rate between Bitcoin and your peg currency.
You may also choose whether to set your price before or after commission is added. If you choose "pre-commission pricing", the price you set will be the amount of money you are paid when a transaction is complete, but your customers will see a higher price that includes the commission. If you choose "post-commission pricing", you set the price that your customers pay. When you get paid, the amount you receive will be less than this by the amount of the commission. The commission on any given sale depends on the total Bitcoin price and is subject to change at any time.
I'm sorry, I made an awful mistake while thinking this through. Obviously, the post-commission price is not what the vendor gets; when I added up the pre-commission price that I set + shipping it all seemed to add up *about* right, so I apologise for kicking up the dust without putting too much thought into it!
Zen Garden