How is the End Customer Price determined?
Our store base currency is United States dollars. When uploading a product, we ask you to provide a List Price in U.S. dollars excl. VAT. This is the price you recommend us to sell your product for, and at the same time, the price we use to deduct our Author Fee from to determine your commission per sale. For all products, we do have a price in U.S. dollars. If a customer wants to pay in different currencies, the U.S. dollars price is converted based on daily exchange rates.
Different Currencies
The currency in which the end customer is charged is determined by where the end customer is based. For example, a customer from the European area will see prices in Euro and pay in Euro, while a customer from the United States will see prices in U.S. dollars. All payment currencies we support are USD, EUR, GBP, AUD and CAD. If we do not support the currency of the customer's country, our store will always fallback to U.S. dollars.
As our store base currency is United States dollars, our system will use daily exchange rates to determine other currency prices for customers that pay e.g. in Euros, and add 3.5% to compensate for exchange rate fluctuations. In other words, your product's price might slightly change from day to day, as exchange rates do. As final accounting is always based in U.S. dollars, this is not a problem. However, we can also set fixed currency prices for each product at our discretion. If you have any requests regarding the end customer pricing of your products, please contact your account manager.
Value Added Tax
Based on the customer's country we may be obliged to charge, collect and remit VAT or sales tax. The applicable tax rate is applied on checkout.
- Example: Your List Price is $10 US. A customer in the United States will pay $10 US plus applicable taxes. A customer in Germany will pay in Euros. We take $10 US and convert it to Euros using the daily exchange rate, adjusted by 3.5% to compensate for exchange rate fluctuations. On this converted price, the German VAT rate of 19% will be added on top - this is the final customer price.