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Implemented Transaction and Commission Fees

Discussion in 'Stock Trader Closed Suggestions' started by anthony parsons, Jan 28, 2013.

  1. anthony parsons

    anthony parsons Member Showcase Sportsbook Pickem

    I've been testing this percentage commission, and it just doesn't work. I've captured before and after figures, added them, set my commission to buy, sell and both, and neither of them affect the purchase or sale of stocks.
     
  2. Bob

    Bob Developer Staff Member

    Its not a bug, these 4 options are not functional at the moment. Had to remove the way I was doing this because of how I did the currency exchange and just have not had time to get them added back in the way they should.

    I have this in the notes both here and in the RM.

    Percent Commission (buy): Users will be charged a percentage of each purchase. Setting this to 0 will mean there is no percentage charge to purchase stocks.

    Percent Commission (sell): Users will be charged a percentage of each sale. Setting this to 0 will mean there is no percentage charge to sell stocks.

    Flat Rate Commission (buy): Users will be charged a flat rate for each purchase. Setting this to 0 will mean there is no flat rate charge to purchase stock.

    Flat Rate Commission (sell): Users will be charged a flat rate for each sale. Setting this to 0 will mean there is no flat rate charge to sell stock.

    *NOTE: The above colored options are NON functional, but the options exist in the Admin CP.
     
    anthony parsons likes this.
  3. anthony parsons

    anthony parsons Member Showcase Sportsbook Pickem

    No worries Bob... just missed that and thought the addon had an issue. Cheers.
     
  4. Bob

    Bob Developer Staff Member

    I will try and get these back into the addon on the next release :) Thank you for the reminder!!
     
    anthony parsons likes this.
  5. Bob

    Bob Developer Staff Member

    Anthony, I moved this from Bugs to suggestions so that I could set it as "Under Development" for tracking purposes.
     
    anthony parsons likes this.
  6. Bob

    Bob Developer Staff Member

    This is basically done and ready for testing.
     
    anthony parsons likes this.
  7. Bob

    Bob Developer Staff Member

    btw, I've changed this up slightly after testing it for about a week now....

    Buying stock: There is a flat rate Transaction Fee that you can set (default is 0). This is applied to each purchase transaction. The Transaction Fee is stored in the stock table for historic/accounting purposes.

    Selling stock: There are two options. There is a Transaction Fee (flat rate) and Commission (%). You can use one, the other or both at the same time (ie, you can have a Transaction Fee of $2 PLUS a 3% commission on the transaction). The Transaction Fee, Commission %, Commission Amount and Payout Amount are now stored in the stock sold log for historic/accounting purposes.

    NOTE: When selling stock, if the total of the stocks you are selling is less than the transaction fee, then the Transaction fee is waived, however, the commission fee is still applicable.
     
    Last edited: Sep 12, 2013
    anthony parsons likes this.
  8. anthony parsons

    anthony parsons Member Showcase Sportsbook Pickem

    Looking forward to installing the upgraded version Bob...
     
    Bob likes this.
  9. Bob

    Bob Developer Staff Member

    @anthony parsons have you had any issues with it? I'd like to push this out as stable, but don't want to unless I know its running smoothly.
     
  10. anthony parsons

    anthony parsons Member Showcase Sportsbook Pickem

    Crap... sorry mate, I haven't even had the chance to install it yet. I will get to it today...
     
    Bob likes this.
  11. anthony parsons

    anthony parsons Member Showcase Sportsbook Pickem

    Seems pretty good so far... commission works great.
     
    Bob likes this.
  12. Bob

    Bob Developer Staff Member

    Super... if you run into any issues, please let me know ASAP :)
     
    anthony parsons likes this.
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