I visited your website http://www.rentacompany.com and I would like to have some clarification about the fees and charges posted on your price table such as 4.99% partnership fees and 5 eur processing fees. First, I want to know if the Partnership fee is based on the sales price or profit? Considering the business I am interested to set up, I will more or less earn 8% profit on the products I will sell. Can you clarify if the 4.99% Partnership fee will be based on the 8% profit or the selling price of the product?
Second, about the processing fee of 5 EUR, hypothetically let’s say my selling price is 8 EUR, are you going to charge me 5 EUR for this transaction?
Thanks for the detailed question.
The Partnership fee is charged against each payment credited to the rented company’s bank account.
Unfortunately, it is impossible for us to determine your real profit and link the Partnership fee to profit.
Even if the profit from your business is only 8%, using a rented company can be beneficial, since you do not incur any costs for maintaining the company and paying for the services required to keep the company in good condition.
With regard to Processing fee:
When you sell goods or services for small amounts, in most cases you accept payment through cards or PayPal, and not the bank payments.
The Processing fee applies to the bank payments only.
Usually a certain amount received from the sale of goods/services to several customers is accumulated by the processing provider or in the PayPal Account and credited to the company’s bank account in a single cumulative amount, from which the Processing fee is charged.