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How is commission charged effective from the 7th of August 2019?

Matchbook will charge you a 2% commission only on your net profit on a market. You will not pay commission on losing bets.

Will I ever be charged a different rate than 2%?

Customers who meet or exceed the Thresholds (as defined below) may be charged one or a combination of the MB Rates which only apply to the Exchange and they are as follows:
Commission rate up to 3.5% per bet (“Transactional Rate”); or
Commission rate up to 5% of Gross Profit per market (“Market Commission Rate”); and/or
Revenue share commission rate up to 60% of Net Profits per calendar month (“Revenue Share”)(which shall severally and jointly be referred to as the “MB Rates”)
The thresholds are as follows:
$1,000,000 (one million US Dollars) of Betting Volume; and/or
$20,000 (twenty thousand US Dollars) of Betting Profit(which shall severally and jointly be referred to as the “Thresholds”).