As a client, it is important to understand the impact of fees on orders. And as a company ensuring transparency about what is being charged and where it goes builds trust between you and your clients. In this article, we will dive into the variable take rate service fee breakdown for orders.
Accessing the Fee Breakdown:
To enable client accessing the fee breakdown, follow these simple steps:
Navigation: Go to the 'Configuration' tab.
Business Model: Click on 'Business Model' in the menu.
Show Fee Breakdown: Scroll down to find the option labeled "Show Fee Breakdown on order form."
Adding Sections for Fees:
Once you have enabled the fee breakdown, you can start adding sections for various fees. Here's how:
Plus Sign (+): Look for the plus (+) sign at the bottom of the page. Click on it to add a new section.
Important Considerations:
While adding sections for fees, there is a crucial point to keep in mind:
Balancing the Total: The number of sections added should not exceed the total percentage of the breakdown. This ensures that your fee breakdown remains accurate and aligned with your financial expectations.
Seeing the Fee Breakdown in Action:
Now that you and your Internal team have set up the fee breakdown, let's see how it impacts the ordering process:
Place an Order: Go ahead and place an order, and head over to the 'Budget' tab.
Breakdowns: Here, you'll see the different fee breakdowns represented. These breakdowns provide a transparent view of how fees are affecting the order.
Net Pay: In addition to the breakdowns, the 'Net Pay' is clearly displayed. This final figure tells you what you can expect after all fees are applied.
By using this feature, your clients can make well-informed financial decisions and ensure that their orders align with their budgetary goals. You also have the ability to optimize your fee structures.
In conclusion, the variable take rate service fee breakdown for orders provides transparency and control, ensuring that you can fine-tune your fees to meet financial expectations. To leverage this tool effectively, follow the provided steps and consider the important factors when adding fee sections.