1) We advertise items that you want to sell on our website. We refer prospective buyers to the advertisers/sellers. The buyer and the seller negotiate the selling price and the seller pays commission to TradePost.
2) Commission payable by customers from outside the borders of South Africa, is excluded from VAT (Value added tax). All the commission we receive from customers from within the borders of South Africa, is subject to VAT and as result VAT will be payable on all commission, irrespective if VAT was applicable between the buyer and the seller.
3) Our commission is 5% of the final selling price (your price x 1.05263), plus 14% VAT. In the event that VAT is not applicable, our commission is 5% of the selling price, plus 14% VAT. In the event that 5% of the selling price is less than ZAR1 000, our commission is a minimum amount of ZAR1 000 per transaction, plus VAT. In the event that VAT is not applicable, a minimum amount of ZAR1 140.
10.4) Unless specified, all prices exclude VAT, transport cost and delivery cost.