How do commisions work?

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NOTICE: We've Moved to a Ticket System for Support

As of August 31, 2017 (12am EST) our support forums will be retired (read-only), and we will be moving to a support ticket system.  This will allow us to better organize and answer support requests, and provide a more personalized experience as we assist our customers.

For the time being, we will leave our forums open for reading and learning while we work on creating a more robust Knowledge Base for everyone to use.

If you are a WC Vendors Pro customer please open a support ticket here. 

If you are a WC Vendors user please open a support ticket on the Wordpress.org forums.

The information on this forum is outdated and in most instances no longer relevant. Please be sure to check our documentation for the most up to date information.

https://docs.wcvendors.com/

Thank you to all of our customers!

 

Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • October 22, 2015 at 10:06 am #11946
    mlodhia
    Participant

    Hi guys,

    Can you let me know on the formula used to calculate commissions.

    Say you choose 4.9% + $0.30. Would that be $5.20 on a $100.00 sale amount. What happens to transaction charges laid by the providers? Say for example. Payment gateway charges 5% of the sale amount which would be $5.00. How does currency fit into place. Does it use the base currency?

    October 22, 2015 at 12:14 pm #11976
    WC Vendors Support
    Participant

    The base currency really doesnt even matter at all for calculation, all that matters is the numbers. To a plugin, $100 is the same as £100, so 50% of $100 = $50 and 50% of £100 = £50.

    4.9% + 0.30 of $100 = $4.90 + $0.30 = $5.20

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