This guide explains how you can use a coupon system to charge some of your freelancers a lower commission on the work they do on your talent platform.
Step by Step Guide
In your admin Dashboard under the Settings menu item is the option to ‘Allow freelancers to reduce your commission based on their activities?’ This allows freelancers to enter a code when registering to your platform which will give them a discounted commission fee.
Enabling this feature allows the administrator to enter a coupon code (any combination of letters and numbers) with a % reduction on the platforms base commission. In the image below a 1% deduction on the platform’s base commission will be given to any freelancer that enters the code ‘xyz123’ when registering to your talent platform.
To check what the base commission your platform is charging its contractor workforce, navigate to the Payment Gateway menu item of your dashboard, and check the ‘Commission fee’ field.
This coupon system is useful for marketing campaigns or incentivizing your users to refer other users to receive a discount upon registration.
After a freelancer has completed a task and has been paid for it they will be invoiced the platforms updated commission fee, as seen in the image below.
In this example the freelancer completed a task valued at £10. The platforms base commission was 10% and the freelancer registered with the coupon code ‘xyz123’, which gave them a 1% discount. The marketplace has charged the freelancer £0.90 for finding work through their platform and additionally charged tax on the commission fee and Stripe’s admin fee.