Commission Rates
Prime Collections Commission Rate
| Monies Collected | Commission Rate |
| $0.01 to 1,000.00 | 25% |
| $1,000.01 to 5,000.00 | 20% |
| $5,000.01 to 10,000.00 | 15% |
| $10,000 and over | 10% |
Note: Please Note: All prices are GST exclusive.
How Commission is Calculated:
If we recover $15,000.00, we charge on a scale rate according to the table above. The more we collect the less you pay:
On the first $1k, we charge 25% = $250.00
On the second portion, we charge 20% x $4k = $800.00
On the third portion, we charge 15% x $5k = $750.00
All money recovered over $10k x 10% = $500.00
Total commission charged on $15k is $2,300.00 (average of 15% inclusive of GST).
