The TasteTXK platform uses a points-based system to make shopping, volunteering, and supporting local businesses more rewarding. Every purchase is converted into points (coins) that shoppers can use for prizes, events, and perks. To keep the system fair and sustainable, all point conversions are adjusted to account for the platform fee at the time of order.

This article explains how that conversion works, why it matters, and what you can expect as a merchant or group using TasteTXK Workspaces.

Why Adjust for Platform Fees?

When a product is sold on TasteTXK, the platform charges a 35% fee to cover technology, community engagement, and reward pool management. Instead of passing this fee on separately, it’s built directly into the point conversion system.

This ensures that:

• Shoppers always know exactly how many points they’re earning.

• Merchants and groups don’t have to calculate fees manually.

• The TasteTXK reward economy stays balanced and sustainable.

The Conversion Formula

Here’s how it works step by step:

1. Group sets a base price for their product (in dollars).
   P = Base Price

2. Platform applies a 35% markup to cover fees.
   T = P x (1 + 0.35)
   Where:

   • T = Total adjusted price (dollars)

3. Convert dollars to coins (points) at the set exchange rate:
   C = T ÷ 0.035
   Where:

   • C = Price in coins

   • 1 coin = $0.035

Example Conversion

• Base Price: $100

• Apply Platform Fee: T = 100 x 1.35 = 135

• Convert to Coins: C = 135 ÷ 0.035 = 3,857pts (rounded)

So, if a group sets their price at $100, shoppers will see it listed at 3,857pts in the app.

What This Means for You

• For Groups & Merchants: Simply set your base price. The platform automatically handles the markup and conversion into coins. No extra steps are required.

• For Shoppers: The coin price you see already includes all fees. What you see is what you spend.

• For the Community: Adjusting conversion at the order level ensures rewards, events, and nonprofit support remain sustainable across the platform.

Key Takeaways

• Every product price is converted into coins.

• A 35% platform fee is automatically applied before conversion.

• 1 coin = $0.035 (after adjustments).

• Shoppers always see the final coin amount; merchants just set the base price.