Shop Orders
Orders place on your Lovingly Shop.
Calculating the Total Tax Due on an Individual Order
To calculate the total tax due on an individual order, begin by subtracting any discount from the Taxable Subtotal. Then, multiply that amount by your local Sales Tax Rate. Separately, multiply any Delivery Fee by your local Sales Tax Rate. Add those two figures together, and you have your Total Tax due.
Calculating the Credit Card Services Fee on an Individual Order
The credit card fees due on an individual order are 2.9% of the Gross Total + 0.30
Calculating the Lovingly Services Fee on an Individual Order
The Lovingly Service Fee on an individual order is calculated by subtracting the Standard Service Fee with Tax and the Non-Taxable Subtotal from the Gross Total, then multiplying that figure by your service rate (e.g., 17%).
Calculating the Net Revenue on an Individual Order
The Net Revenue on an individual order is calculated by subtracting all Taxes and Fees from the Gross Total.
Marketplace Orders
Orders placed on Lovingly.com.
Calculating the Total Tax Due on an Individual Order
To calculate the total tax due on an individual order, begin by subtracting any discount from the Taxable Subtotal. Then, multiply that amount by your local Sales Tax Rate. Separately, multiply any Delivery Fee by your local Sales Tax Rate. Add those two figures together, and you have your Total Tax due.
Calculating the Credit Card Services Fee on an Individual Order
The credit card fees due on an individual order are 2.9% of the Gross Total + 0.30
Calculating the Marketplace Service Rate Fee on an Individual Order
The 10% Marketplace Service Rate fee on an individual order is a fixed 10% rate of the Gross Total minus the Standard Service Fee with Tax and the Non-Taxable Subtotal. The Credit Card Fee & the Lovingly Services Fee combined add up to the 10% Marketplace Service Rate fee.
Calculating the Net Revenue on an Individual Order
The Net Revenue on an individual order is calculated by subtracting all Taxes and Fees from the Gross Total.
Have any questions? Please don't hesitate to reach out.