1.1 Pre- Transaction Fee (PTF): This is a small fixed fee that is levied to start a transaction on the platform.
  • It is charged at the point when you request to see a Buyer’s requirements to be opened up to you.
  • PTF is applicable only for Negotiated services only (refer to definition below)
  • The payment of the fee allows you to:
  • Send proposals to buyers
  • Set up a call to discuss the proposal
  • Make changes to the proposal post discussions
  • Negotiate and finalise the contract online
  • Agree milestones with the Buyer
  • Receive payments online
1.2 Transaction Fee (TF): This is a fee charged to the seller for facilitating the assignment between the buyer and seller on the platform.
  • TF is a percentage of the total value of the contract or the Negotiated Services (refer to definition below)

  • The percentage of TF is defined by the Subscription Plan
  • There are two types of Service Charges:
  • Negotiated Contract Service Charge: This is the total value of the contract negotiated with the buyer for certain types of services rendered by the seller as detailed below.
  • Fixed Contract Service Charge: This is a charge fixed by SolveCube for certain types of services listed in section 4. This is a non-negotiable fee for the service purchased by the buyer.by SolveCube platform for certain types of services listed in section 4. This is a non-negotiable fee for the service purchased.
1.3 Milestone payment: This is the money that the platform collects in stages for completion of the assignment on behalf of the seller.
  • This payment is collected in advance, from the Buyer, at the start of each milestone.
  • Collection in advance from the buyer is to assure prompt payments to the seller.
  • The amounts payable is set by the milestone schedule as defined in the service contract between the buyer and seller
  • Payment is made to the seller as defined in the process below :

    • Seller agrees the contract and the milestone linked deliverables & payments
    • Buyer remits payment in advance for each milestone.
    • Platform collects the advance on behalf of the seller
    • Seller completes the milestone and gets confirmation from the Buyer
    • Seller raises invoice for the milestone through the platform
    • Platform releases the amount to the seller’s account on the platform, net of transaction fees