Nerdy? Yes. But transparency does come in many forms:

  • PLATFORM MARKUP

Per our pricing, we markup the hourly pricing so that we split the transaction fees. Let’s denote the hourly pricing as p and the markup as m. Relative to p, you pay an additional:

$$ p * (1 + m) - p = p * m $$

If we retain x% of payments net of transaction fees, given what you pay, the total transaction fees we pay (relative to p) is:

$$ p - p * (1 + m) * \frac{x}{100} = $$

$$ p - p * \frac{x}{100} - p * m * \frac{x}{100} = $$

$$ p * \Bigg(1 - \frac{x}{100} \Bigg) - p * m * \frac{x}{100} $$

If we are splitting the costs, we need to solve the following equation for m:

$$ p * m = p * \Bigg(1 - \frac{x}{100} \Bigg) - p * m * \frac{x}{100} $$

$$ p * m * \Bigg(1 + \frac{x}{100} \Bigg) = p * \Bigg(1 - \frac{x}{100} \Bigg) $$

$$ p * m * (100 + x) = p * (100 - x) $$

$$ m = \frac{100 - x}{100 + x} $$

As you can see, we deliberately used p (instead of $25 / hour or some other rate) to show that the markup is independent of the hourly rate.