THE FEES OF MQL5
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.
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.
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
- Both the Seller and the Buyer must have an account with the Payment System.
- An account in the Payment System is created automatically during registration on mql5.com.
- Money can be deposited and withdrawn from the Payment System via PayPal and WebMoney.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.
- 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.
- 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period, the amount transferred by the Buyer is automatically unlocked within the specified period of time and can be withdrawn from the Seller's account.
- 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.
~~
- 2012.09.14
- MetaQuotes Software Corp.
- www.mql5.com
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
- Both the Seller and the Buyer must have an account with the Payment System.
- An account in the Payment System is created automatically during registration on mql5.com.
- 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.
- 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.
- 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.
- 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!
hahaha
yes
are you seller or buyer???
- www.mql5.com
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.
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....
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.
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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!