Digital Hut Events

1. Transparent Pricing Architecture

Digital Hut Events operates on a transparent, flexible pricing and fee engine designed to scale with your business requirements. Administrators define platform fees, which can be configured as a fixed fee per ticket, a percentage-based commission, or a combination of both.

2. Fee Calculation Formulas

Total Cost to Attendee

The total cost of a ticket transaction equals the baseline ticket price set by the organizer plus any applied platform fees (unless the organizer chooses to absorb the fees into the ticket price):

\text{Total Cost} = \text{Ticket Price} + \text{Platform Fees}

Organizer Net Payout

The final net payout transferred to an organizer's gateway wallet following an event is calculated by subtracting the platform's fixed fee and percentage-based commission from the gross ticket sales:

\text{Net Payout} = (\text{Ticket Price} \times \text{Quantity}) - \text{Platform Fixed Fee} - (\text{Ticket Price} \times \text{Commission Percentage})

\text{Net Payout} = (\text{Ticket Price} \times \text{Quantity}) - \text{Platform Fixed Fee} - (\text{Ticket Price} \times \text{Commission Percentage})

3. Example Scenario

If an organizer lists a paid ticket for ZMW50, and the platform administrator has configured a fixed fee of $0.50 per ticket and a 5% platform commission:

Platform Earnings per Ticket:
$\$0.50 + (\$50 \times 0.05) = \$3.00$
Organizer Net Payout per Ticket:
$\$50.00 - \$3.00 = \$47.00$

4. Free Events

Administrators have the capability to configure whether platform fees are completely waived for free events or if a minimal ticketing administration fee applies.

5. Payout and Settlement Workflow

All customer payments are processed securely through trusted, integrated payment gateway Lenco.
Organizers receive their accumulated net revenue payouts upon event completion or according to the scheduled payout release configurations governed by the system administrator.