Here's how our pricing model is structured right now. All transactions made before 12 February 2018 included a 20% Quupe fee, 2.7% + $0.30 Stripe payment processing fee charged to the lender.
As of 12 February 2018, our new pricing model is as follows:
Example item: Drone
Daily rental price: $100
Borrower pays 5% transaction fee and 2.7% + $0.30 payment processing fee. Lender pays 15% transaction fee charged on the daily rental price.
Insurance fees are paid by the borrower and managed by Quupe, so that is not reflected in the lender's earnings. Delivery fees are paid by the borrower and included in the lender's earnings.
A discount coupon is only applied on the daily rental price and not the total rental price (which may include insurance, discount, or delivery).
Subtotal: $100 x 10 = $1000
Quupe fee (5%) = $50
Payment processing (2.7% + $0.30) = $27.30
Insurance = $5
Delivery = $10
Discount (5%) = -$50
Borrower pays: $1042.3
Subtotal = $1000
Quupe fee (15%) = $150