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'''Payment Methods''' — WikiDeal governance.
{{KidsIntro|Payment methods are the different ways you can pay or get paid on the platform, like cards, bank transfers, or credits. You pick the one that works best for you.}}


''Here is a first content idea for this page.'' Accepted payment methods.
{{NotApproved}}


''Reference language: English. Starter page — content to be expanded.''
== Payment Methods ==


See also: [[Gov/en/Portal:Economy/Main|Economy]]
WikiDeal:Economics NEW
 
Contents
 
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WikiDeal offers two fundamentally different payment methods, each with distinct fee implications. The choice of payment method directly affects the total cost of a Transaction. Understanding this distinction helps users make informed decisions and reduces Transaction friction.
 
Internal platform payment = '''FREE (0% Transaction fees)''' · Credit card = '''+2.9% (Stripe)''' added on top of Transaction value
 
Payment Methods
 
{| class="wikitable"
|-
| Credit card
| '''+2.9% fees'''
|-
| Internal payment
| '''0% (FREE)'''
|-
| Fee bearer
| Buyer (added on top)
|-
| Provider (card)
| Stripe / equivalent
|-
| Internal source
| WikiDeal platform account
|}
 
=== Two Ways to Pay ===
 
WikiDeal recognises that payment Infrastructure costs are real and must be transparently allocated. Rather than hiding Transaction fees inside the Commission or averaging them across all users, WikiDeal makes payment method costs '''explicit and user-controlled'''. You choose how you pay; you know exactly what it costs.
 
=== Credit Card Payment (+ Transaction Fees) ===
 
When a user pays by credit card (Visa, Mastercard, etc.) via Stripe or an equivalent payment processor, the Transaction fee is '''added on top of the Transaction value'''. The buyer pays more; the seller receives the negotiated amount.
 
Transaction value: 100 EUR
Card Transaction fee (Stripe): +2.9%
Total paid by buyer: 102.90 EUR
Received by seller: 100 EUR
Fee goes to: Stripe / payment processor (not WikiDeal)
 
Key principles:
 
* Transaction fees are '''added''' — not hidden inside the price
* The fee goes to the payment processor (Stripe), not to WikiDeal
* The displayed Transaction price is always the pre-fee amount
* The buyer sees the fee breakdown before confirming
 
=== Internal Platform Payment (Free) ===
 
Users who pre-fund their WikiDeal platform account can transact '''without any Transaction fee'''. This "internal payment" method uses funds already in the WikiDeal system — no credit card network is involved, so no processing fee is charged.
 
Transaction value: 100 EUR
Internal Transaction fee: 0%
Total paid by buyer: 100 EUR
Received by seller: 100 EUR
Fee: NONE
 
==== Internal Payment Workflow: ====
 
==== 1 Fund your account ====
 
Transfer money to your WikiDeal platform account via bank transfer or initial card payment
 
==== 2 Funds sit in your WikiDeal wallet ====
 
Your balance is held in the WikiDeal system, ready to use for any Transaction on the platform
 
==== 3 Pay from your WikiDeal account ====
 
When making a Transaction, select "Pay from WikiDeal balance" — no card, no fee
 
==== 4 Transaction completes instantly ====
 
The amount moves between WikiDeal accounts — no external network involved
 
=== Side-by-Side Comparison ===
 
{| class="wikitable comparison-table"
|-
! Aspect
! Credit Card
! Internal Payment
|-
| Transaction fee
| +2.9% (Stripe)
| class="highlight-cell"| 0% (FREE)
|-
| Who pays the fee
| Buyer (added on top)
| N/A
|-
| Setup required
| None — use any card
| Pre-fund account via transfer/card
|-
| Speed
| Instant
| Instant
|-
| Withdrawal available
| N/A
| Yes (bank transfer out)
|-
| Best for
| One-off, irregular Transactions
| class="highlight-cell"| Regular users, frequent Transactions
|}
 
=== Implications for Commission Calculation ===
 
Transaction fees (card processing) are '''separate from WikiDeal Commissions'''. When calculating the total cost of a Transaction:
 
Total cost (card) = Transaction value + WikiDeal Commissions (1.5% + UG%) + Card fee (2.9%)
Total cost (internal) = Transaction value + WikiDeal Commissions (1.5% + UG%) + 0%
 
Example — 100 EUR babysitting service:
Commission (1.5% central + 3.5% UG = 5%): +5 EUR
Card fee (2.9%): +2.90 EUR
TOTAL (card): 107.90 EUR
TOTAL (internal): 105 EUR
 
'''See also:'''  Revenue Structure Wallet [[Gov/en/Portal:Economy/Subscriptions|Subscription Model]]
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