TICKETING & FEES
What is a TICKET ? |
A Ticket is the summary of sales information regarding a particular deal between a FOUNDATION™ member and a collector/ buyer. |
The notification of a sale is either possible through the FOUNDATION™ IOS App or by requesting a Quick-Ticket™ via email. |
The Ticket is the basis for our due diligence and three possible decisions: |
1) APPROVED; |
2) DENIED; or |
3) FURTHER INQUIRY. |
The minimum size of a ticket is € 1.200 or US$ 1.500. |
The maximum size of a ticket is € 15.000 or US$ 20.000. |
We differentiate between three ticket categories: |
TICKET (small) | HANDLING FEE (€) / (US$) |
€ 1.200 - € 3.199 | Flat Fee: € 120 |
$ 1.500 - $ 3.499 | Flat Fee: US$ 150 |
PAY-OUT TERMS: Upon approval: within 48 hrs | |
100% payment of face value less flat fee | |
TICKET (large) | HANDLING FEE (€) / (US$) |
€ 3.200 - € 15.000 | 3.8 % |
$ 3.500 - $ 20.000 | 3.8 % |
PAY-OUT TERMS: Upon approval: within 48 hrs | |
90 % payment of face value | |
after 35 days | |
remaining 6.2% payment (10 % less handling fee) | |
TICKET (XL) | HANDLING FEE (€) / (US$) |
larger than € 15.000 | subject to individual review |
larger than $ 20.000 | PAY-OUT TERMS: |
subject to individual review | |
Update: 20. November 2013 | |