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).

Drone booking for 10 days example:

BORROWER

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

LENDER

Subtotal = $1000
Quupe fee (15%) = $150
Delivery = $10
Lender gets: $860

If the borrower applies a higher discount coupon, which makes the total paid value under $860, the lender will still get $860 as Quupe will cover the remaining cost.

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