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April 28, 2003
Calculation of Partners’ commissions, finance and payments explained
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This article explains principles of commission calculations, terms and conditions of payments to partners, meaning of “Finance” table in LoveCompass Partner Account, and all other issues related to financial structure of LoveCompass Dating Partnership Network. This particular article will be constantly updated and will be kept as current, so this will be the best source to track and discuss all money issues.
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Part 1 – Prices and commissions
Prices
LoveCompass partners may set different price for every profile. The price may be anything between 0 to 10,000 USD. Prices may be changed both during manual profile submission, and for a profile already submitted from Partner Site. Default price is set globally by LoveCompass and it is 3 USD now. IN the nearest future we are going to let partners set their own default price for men and women separately.
Commissions
Partners set their price for members' contacts - we call it base price.
LoveCompass adds 10% - sellers’ commission - the money paid to a partner that owns a partner site, where the purchase occurred.
LoveCompass adds 10% - buyers’ commission - the money paid to a partner that adder a member profile of the person that made a purchase.
LoveCompass adds 10% and $1 - it is our revenue which covers billing and running expenses.
Thus, if a partner sets $5 as a price for a contact, the final price will be as follows: $5 + $0.5 + $0.5 + $0.5 + $1 = $7,5
… to be continued
Posted by LC at April 28, 2003 11:19 PM
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