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Markup Calculation [message #11379] Sat, 03 April 2010 11:24 UTC Go to next message
avatar B1lancer  is currently offline B1lancer
Messages: 117
Registered: May 2009
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Senior Member
I'm interested in how the markup amount is calculated with regard to the strength of the dollar. For example:

An item is sold for $80+$20 markup, total $100. On the day of purchase the Dollar is 2.0 to 1.0 Pound. The customer pays 50 for his purchase. 40 shapeways, 10 Markup.

1 month later when the markup is paid to the shop owner the Dollar may be 3.0 to 1.0 pound. The $20 markup would then be worth 6.66.

The example is over simplified but my point is, which amount is paid? The 10 or the 6.66?

Kindest Regards,

Jack
Re: Markup Calculation [message #11380 is a reply to message #11379 ] Sat, 03 April 2010 11:33 UTC Go to previous messageGo to next message
avatar virtox  is currently offline virtox
Messages: 1141
Registered: August 2008
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I don't think this is applicable, allthough tempting to calculate this way.

But everything at done at Shapeways is in dollars, they don't do any conversion. (except for payment by bank, but here the customer does the currency change themselves at the then going rate)

So I receive my markups in $ on a paypal account.
It will not be exchanged to another currency unless I do so myself.

So in your example, you'd get the 6.66.

But seeing the $ is on the up again, probably 11 Razz

Kind regards,

Stijn


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Re: Markup Calculation [message #11381 is a reply to message #11379 ] Sat, 03 April 2010 11:35 UTC Go to previous message
avatar TomZ  is currently offline TomZ
Messages: 178
Registered: August 2008
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On Shapeways, everything is in dollars. Customers make payments in dollars (paypal converts your money to dollars before Shapeways gets it) and Shapeways pays markups in dollars.
If the value of the dollar were to suddenly drop then I don't think Shapeways would give compensation for that when paying the markup. If at the beginning of the month a customer pays a $10 markup which at the time is 8, you're going to be paid $10 at the end of the month, regardless whether that's 6, 8 or 10 by that time.

 
   
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