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Transaction Fee calculation on Annual Billing
How Transaction Fees Are Calculated on Annual Billing
The price for Simplero consists of a fixed monthly fee plus a percentage of your revenue, capping out at $400/month with no transaction fee at the highest plan.
This is simply our way of making it cheaper for people to get started when their revenue isn't that great, and make what you pay for Simplero grow as your business grows.
It also helpfully aligns our interests with yours: The more you make, the more we make. Everyone wins.
As you pay more in monthly fee, the transaction fee drops, all the way to zero. The pricing is listed here.
That means that there's going to be a point between each plan where it changes, so you'd end up paying less if you were on a higher plan.
For example, look at our two highest plans: One is $225/month + 1%, and the next one is $400/month + 0%.
The difference in monthly fee is $400-$225 = $175.
So if your transaction fees for that period were to exceed the $175, then the $400/month loan would be cheaper for you.
So how much money would you have to make? The answer is 175/0.01 = $17,500. So if you make more than
$17,500/month, our Unlimited plan is the cheapest plan for you.
How to see exactly what the transaction fee was charged for
If you are trying to understand where the total for the transaction fee is coming from this is where you confirm.
1. Click on Settings>Plan and Billing>Invoices
2. Under Transaction fee click on the appropriate months' transaction fee. This will then take you to a page where you can view all the transactions covered for that billing period.
3. Take the gross amount and multiple that by your plan's transaction fee.
4. That's all!
What Happens on Annual Billing
On monthly billing you have to manage this yourself if you want to make sure you get the lowest price. Keep an eye on your current earnings, when the next payment date is, and what you're currently up to, under Settings > Plan and Billing.
On annual billing, though, we'll automatically handle this for you.
So if for any given month it would've been cheaper to go with a higher plan, then you'll simply pay the difference in monthly fees, plus the new, lower transaction fee.
For example, say you're on the $225/month plan and annual billing.
This month you made $18,000.
We just saw that it'd be cheaper on the $400/month plan. So you'll simply be charged the difference ($175) as a "monthly fee adjustment", and in this case 0% transaction fee.
Let's take another example. Say you're on the $150 plan, with 1.5% transaction fee.
The next plan up is $225 with 1%. That's $75 more in monthly fee, and a half a percentage point less in transaction fee. That means if you made more than $75/0.005 = $15,000, then it would be cheaper on the $225 plan.
Let's say you made $16,000. In that case, you'd pay the difference ($75) plus 1% of $16,000 = $160 in transaction fee, for a total of $235. That's better than the $240 you otherwise would have paid.
I hope this helps clarify how annual billing works.