Hi,
The market my marketplace is built for often sees transactions of several thousands dollars. I currently set a 5% service fee for buyers via the Hivepress settings. However, since payments can be huge, the fees can sometimes amount to a ridiculously high $500 or even over $1000. I do not want that to happen.
There are two solutions to this:
Cap the fees to a maximum of $200
Add a variable fee rate (example: 5% fees until $1000 and then 2.5% for bigger amounts)
Can one of the solutions be implemented into Hivepress? If yes, could you please show me how?
Thank you very much.