WePay worst deal ever! They take 18%. Lupulin Exchange builds in 5% above your price, fine. WePay charges 18%, this is highway robbery, do not do it! The end result will shock you. I’m very disappointed in LEx. Find a better service. PayPal is only 3.2%
Who is in charge of this WePay scam?
I’m not mad. I should have run the actual numbers first. One thing is for sure if the only way to get paid for hops is through WePay I will not be using LEx.
I don’t see that meaning i don’t see fee’s being charged by WePay. Where did you find this information on the site or google?
EP
@workingclassbreweryh You are incorrect. The fee is 5% flat. WePay takes it’s portion and LEx receives the rest. Typically people do the math and get a percentage like this but they aren’t taking into account that the shipping cost is included in that “fee”.
Perhaps you can provide an order number and I can break down the details for you.
First off, welcome to the LEx Community!
Next, let’s correct your math because it definitely doesn’t go down the way you’ve described. Fees are only 5% total. The 5% includes payment processing (WePay) which is usually ~2.8%. That leaves ~2.2% for LEx to cover its operating expenses (ie employee salary & benefits, payroll taxes, hosting, 3rd party services & software, marketing, tradeshows, giving away thousands of sweet t-shirts to brewers at CBC, local, state, and fed taxes, rent, insurance, etc, etc.
The buyer pays exactly the price they see listed on the site (no hidden fees!) and the seller chooses the exact price they get/the list price (which includes the 5% fee). The 4 working-class founders all still have day jobs (and some of us have more than 1), one of whom has offered to breakdown a receipt for you. Please take him up on that offer and set the record straight!
Regards, John
p.s. If you ever have a question or concern about an order, the LEx Help Desk is always just a click away (see “HELP” at the top or bottom of any page on LupulinExchange.com).
Thanks for the clarification and the valuable service you provide. Cheers!
Hi John, I will post the numbers of my selling experience and let you break it down and explain. Thanks
Rick