All prices (listing, booking, bankwire, refund, ...) are stored in cents and in the default app currency
defined by cocorico.currency parameter.
Entities decimal prices are accessed though getXXXDecimal methods.
Listing price fixing can be set with or without VAT included depending on the parameter cocorico.include_vat value.
If it's setted to true then:
- listing price fixing include VAT
- all other prices like booking, bank wire, ... include also VAT
If it's setted to false then:
- listing price fixing don't include VAT
- Most of asker relative prices are displayed including VAT
- Most of offerer relative prices are displayed excluding VAT
The platform can take fees on each transactions.
Fees rate are defined by the parameters cocorico.fee_as_asker and cocorico.fee_as_offerer parameter.
The administrator can choose to change the fee rate of each user as asker and as offerer.
There are two type of cancellation policies Flexible and Strict. Each policy define how asker will be refunded according to when he make a cancelation.
These rules are defined by the parameter cocorico.booking.cancelation_policy.
Example:
-
Initial amounts:
- Booking amount excl fees = 95€
- Asker fees = 10€
- Offerer fees = 5€
- Amount payed by asker = 110€
-
Amount refunded is 100%: Offerer fees payed by asker are refunded to asker.
- Amount refunded to asker = 95€ * 1 + 5€ = 100€
- Amount transferred to offerer wallet = 95€ * (1 - 1) = 0€
- Fees taken by the platform = 10€
-
Amount refunded is 50%: No fees refunded
- Amount refunded to asker = 95€ * 0.5 = 47.50€
- Amount transferred to offerer wallet = 95€ * (1 - 0.5) = 47.50€
- Fees taken by the platform = 15€
-
Amount refunded is 0%: No fees refunded
- Amount refunded to asker = 95€ * 0 = 0€
- Amount transferred to offerer wallet = 95€ * (1 - 0) = 95€
- Fees taken by the platform = 15€