I’m sorry this is a bit of a sticky subject. I’m still quite new to the platform and I think I’ve read everything I can, including all of the FAQs and I’ve looked back through these threads on the forum.
I don’t understand why 10% of our winnings are deducted.
If a contest holder pays $599 to run a contest with a prize of $300 to the winner, then SH has already (quite rightly) taken 50% of the CH funds to pay for administration costs. Taking a further 10% of our winnings smarts a little.
Paypal fees are 2.9% not 10%.
Also, I feel it’s very misleading. If I win a $300 contest, I’m not getting $300, I’m getting $270. It should either say the prize amount is $270 or you should stop taking fees.
Again, I do apologize for raising a difficult question publicly, but I haven’t found the answer to this question anywhere else.
Also, this is a genuine question, I’m not trying to cause any trouble nor am I making a dig at SH. I truly think this a fantastic platform that has given people like me a great opportunity. I’m very grateful.