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Site News and Updates-Digital Photography: New Feature: Cash Prize Photo CompetitionsWhen we have something exciting to tell you about the site and community, this is where you'll find it. |
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I've had to make a quick change to the prize split between site and winner.. This has now been changed to 70% to the winner and 30% to paypal and the site.
I should imagine that most people would only by 1 credit at a time if the competitions are set to 1 credit (£1) per entry as I based my original calculations on buying 2 credits a time. At 80% for the winner we would have made a loss when people on purchased 1 credit at a time. Here are the figures straight from paypal after I made a £1 credit purchase: Total Amount: £1.00 GBP Fee amount: -£0.23 GBP Net amount: £0.77 GBP As you can see we'd be loosing .03 pence on each single credit purchase. By changing the split to 70/30 the paypal fees will be covered, the site gets .07 pence and the winner still gets a nice 70% of the total. If more than one credit are purchased at the same time then yes, the site is able get a few more pence but also paypal also get more so a 70/30 split is what we must go for. |
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INFRARED IS BANNED!!!!! lol (kidding Barry)
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You can find the first cash prize comp right here: PhotoTopix Photography Forum - Photo Competition / Challenge - Competition: Beautiful Eyes
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I've made a little update to the credit checkout page which you can find here: http://www.phototopix.co.uk/ptcomp_credits.php
If you have purchased credits, you can now see a list of all your purchases / transactions on the above page for easy reference. |
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