What is the Tagvenue commission?

Listing a Venue is free and we do not have any membership fees. The only fee you incur is the Tagvenue commission. Tagvenue commission is calculated as a percentage of the Total Payment of every successful Booking. The commission rate depends on the Event type and Venue registration date:

a) Commission rate for Events from the Production category (which includes the following keywords: photo shoot, photo studio, film studio, filming location, TV studio, art studio, casting and auditions, dance studio, drama studio, music studio, piano room, pilates studio, recording studio, rehearsal rooms, rehearsal studio, creative space) is 15% (regardless of the selected Payment Method).

b) Commission rate for Events from the Meetings category (which includes the following keywords: meeting, boardroom, classroom, market research, training room, workshop, team building, computer room, off-site, IT training, therapy room) is 15% (regardless of the selected Payment Method). 

c) Commission rate for the Events in the Dry Hire category identified under the description of a keyword phrase Venue doesn’t offer catering is 15%.

d) Commission rate for all Event categories where Online Payment Method is selected by a Venue is 15%.

d) The commission rate for all other Event categories, where the Invoice Payment Method is selected by a venue, is 10% for venues located in the US, Canada or Singapore.

e) The commission rate for all other Event categories, where the Invoice Payment Method is selected by a venue, is 12.5% for venues located in the UK, Ireland or Australia.

Please note: Rules mentioned in points a), b) and c) do not apply if a Venue Manager has completed the company registration on Tagvenue Platform before 1 March 2021 and the Event is held before 31 December 2021. In such cases, a discounted 12% Commission rate shall apply and a 15% Commission rate shall apply to the Events held from 1 January 2022 onwards.  

Please note that:
a) VAT is added to all commission invoices issued for the UK venues;
b) GST is added to all commission invoices issued for the venues in Singapore. 

For example, if a UK Venue (registered on 31/04/2021) organized a successful photo shoot worth 120 GBP net, then 15% commission (out of 120 GBP) + VAT applies.
If a Singaporean Venue organized a successful meeting worth S$100 gross, then 15% commission (out of the S$100 gross) + GST applies.

However, if the Venue is from Australia, Ireland, Canada or USA, the only cost is the commission (i.e. VAT/GST is not charged on top of the commission invoice). 

For more information about the payment process, please visit our article about payments.