Today I changed the currency from dollars to euros.
The reason is that I discovered that in addition to the commission paypal takes (it can be up to 7% or so per sale), they also charge me when I move money from my paypal account to my bank account and there's a currency conversion involved. This so called "currency conversion fee" is actually an extra 3.5 %
Now that I'm writing about money, let me explain what I keep from my stories.
Suppose my sales for a month are 5000$
First of all, part of this will be taxes (those among you living in Europe are charged taxes (between 17 and 25% or so percent, depending on your country). These are deducted.
Next, there's all the costs: website+apps, buying of 3dmodels, and all other kinds of things for my business. When I deduct these, I have what's called the net profit. From that, in my country, the government will first take 20% for social security, and then it will take about 45% of whatever is left.
So in total, if I sell you a 10$ story, I see no more than 3, maybe 4 dollars of that in my pocket.
Just so you have an idea :)
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