THE FEES OF MQL5

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Hi for all sellers,

I just notice that when a client buy a product from a seller, the seller need to pay the VAT, about 20% of  the order! And if the seller is from Spain, need to pay the IVA of Spain too! -50% of earnings, this is crazy and not logical!

The most logical options is when a user want to deposit in the  mql5 website to buy a product, pay the fee too! Sounds logical, right? Because is the valid transaction between who need to buy the product (and need to pay that fee) and the mql5 website.

This need to change in the mql5 website, a lot of sellers lose a lot of money to pay DOUBLE FEE!

 
Francisco Alvarez:

Hi for all sellers,

I just notice that when a client buy a product from a seller, the seller need to pay the VAT, about 20% of  the order! And if the seller is from Spain, need to pay the IVA of Spain too! -50% of earnings, this is crazy and not logical!

The most logical options is when a user want to deposit in the  mql5 website to buy a product, pay the fee too! Sounds logical, right? Because is the valid transaction between who need to buy the product (and need to pay that fee) and the mql5 website.

This need to change in the mql5 website, a lot of sellers lose a lot of money to pay DOUBLE FEE!

20% is mql5 commission?? There is not VAT as far as I know. Mql5 somehow avoids it. 
 
John McClark:
20% is mql5 commission?? There is not VAT as far as I know. Mql5 somehow avoids it. 
Yes, you can see here https://i.gyazo.com/e3e32d10bcb589fbe7f13c3873dc772e.png My friend sell 2 products for 30 USD each one, then 60 USD of profit, MQL5 only show 47 USD. And I read in some posts about that VAT fee.
 
Francisco Alvarez:
Yes, you can see here https://i.gyazo.com/e3e32d10bcb589fbe7f13c3873dc772e.png My friend sell 2 products for 30 USD each one, then 60 USD of profit, MQL5 only show 47 USD. And I read in some posts about that VAT fee.
Hi Francisco, that is only metaquotes fee. There isn't any vat as each country is different and each seller should declare and pay own country taxes. There are only some topics discussing about the matter.
 

this is online payment

I think it is not a VAT (Tax)

you may got misunderstanding

!

In addition:

I think the mql5.com getting the commission from Seller not from the buyer

Right??? 

 

let us read the following link (article)

 

 

https://www.mql5.com/en/articles/498 

 

AND

 https://www.mql5.com/en/market/rules

 

 ~~

VII. Payment Terms

  1. Both the Seller and the Buyer must have an account with the Payment System.
  2. An account in the Payment System is created automatically during registration on mql5.com.
  3. Money can be deposited and withdrawn from the Payment System via PayPal and WebMoney. Possible limitations on the types of operations in these systems are described on the websites of the systems -http://www.wmtransfer.com and https://www.paypal.com respectively.
  4. When a Product is sold and the appropriate payment is added to the Sellers account, the 20% commission fee from the payment is charged automatically.
  5. The payment for a Product transferred to the account of the Seller shall be frozen for a week for approval. If no payment violations are revealed during the approval period, the amount transferred by the Buyer is automatically unlocked within the specified period of time and can be withdrawn from the Seller's account.
  6. In case of any fraudulent activities and/or misleading Product description, the Seller's account will be blocked and funds received from the Product sales will be returned to the buyers.

 ~~

How to buy a Trading Robot, a Magazine or a Book in MetaTrader Market?
How to buy a Trading Robot, a Magazine or a Book in MetaTrader Market?
  • 2012.09.14
  • MetaQuotes Software Corp.
  • www.mql5.com
You can buy any product (Robots, indicators, magazines or books) in MetaTrader Market only through the MetaTrader 4 and MetaTrader 5 trading platforms. The list of products with their description is given on the MQL5.com website. After you press the "Buy" button, your client terminal will be launched.
 
Mohammad Soubra:

this is online payment

I think it is not a VAT (Tax)

you may got misunderstanding

!

In addition:

I think the mql5.com getting the commission from Seller not from the buyer

Right??? 

 

let us read the following link (article)

 

 

https://www.mql5.com/en/articles/498 

 

AND

 https://www.mql5.com/en/market/rules

 

 ~~

VII. Payment Terms

  1. Both the Seller and the Buyer must have an account with the Payment System.
  2. An account in the Payment System is created automatically during registration on mql5.com.
  3. Money can be deposited and withdrawn from the Payment System via PayPal and WebMoney. Possible limitations on the types of operations in these systems are described on the websites of the systems -http://www.wmtransfer.com and https://www.paypal.com respectively.
  4. When a Product is sold and the appropriate payment is added to the Sellers account, the 20% commission fee from the payment is charged automatically.
  5. The payment for a Product transferred to the account of the Seller shall be frozen for a week for approval. If no payment violations are revealed during the approval period, the amount transferred by the Buyer is automatically unlocked within the specified period of time and can be withdrawn from the Seller's account.
  6. In case of any fraudulent activities and/or misleading Product description, the Seller's account will be blocked and funds received from the Product sales will be returned to the buyers.

 ~~

Yes, they're getting A LOT of comission from the Seller, 20-22% it's CRAZY!
 
Francisco Alvarez:
Yes, they're getting A LOT of comission from the Seller, 20-22% it's CRAZY!

hahaha

yes 

are  you seller or buyer???

Rules of Using the Market Service
Rules of Using the Market Service
  • www.mql5.com
General Provisions and Conditions of Use service Market
 
Francisco Alvarez:
Yes, they're getting A LOT of comission from the Seller, 20-22% it's CRAZY!

Actually it is not a fee for payment alone. You have services included: presentation of your product to all MT4/5 users (you saved money for heavy advertisement and time for product web page), and you have user license handling added (would be rather complicated to implement on your own) and additional executable encryption. 20% is OK with me, though I myself cannot use the market for other reasons.

 
Ovo Cz:

Actually it is not a fee for payment alone. You have services included: presentation of your product to all MT4/5 users (you saved money for heavy advertisement and time for product web page), and you have user license handling added (would be rather complicated to implement on your own) and additional executable encryption. 20% is OK with me, though I myself cannot use the market for other reasons.

 

 

 

 yes

:) 

note that they (mql5.com) allowing the free products too....

 

 
why dont you ask Service Desk for explanation. No one can help you 
 
Ovo Cz:

Actually it is not a fee for payment alone. You have services included: presentation of your product to all MT4/5 users (you saved money for heavy advertisement and time for product web page), and you have user license handling added (would be rather complicated to implement on your own) and additional executable encryption. 20% is OK with me, though I myself cannot use the market for other reasons.

Totally agree.
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