How Athlete Service Fees Are Calculated
If you've ever wanted to know exactly how much your athletes are paying in service fees, you've come to the right place.
The good news is that if you can push the buttons on a calculator (or are good at mental math), it's incredibly simple to find out.
Let's walk through it.
What You Need
The imATHLETE service fee structure for your company
Your event's registration fees (how much each entry costs)
Any discounts you offer
A calculator / good mental math skills
Service Fee Structure
|Price of Registration||Default Service Fee|
|$0.00 – $19.99||15.00%|
|$20 - $99.99||9.80%|
|$100 - $199.99||8.00%|
|$200 - $349.99||6.50%|
If you have no idea what your service fee structure is or if you want to learn more about those long term agreements, drop us an email us at email@example.com and we'll get you squared away.
The math is really simple. It looks like this:
(Registration Fee - Discount) x Service Fee % = Service Fee $
Let's assume that you are selling entries for a 5k and the entry fee is $20.
Anyone who participated last year also received an email with a discount code good for $5 off this year's registration.
You are using the default fee structure listed above.
Your athlete signs up for the 5k and does not use a discount code.
Registration fee: $20.00
Service fee (9.80%) = $20 x .098 = $1.96
Your athlete is signing up for the 5k ($20) and is using the $5 email promo discount.
Registration fee: $20 - $5 = $15
Service fee (15%) = $15 x .15 = $2.25
Total = $17.25
That's all there is to it!
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