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VENDOR COMMISSION & PAYOUT

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HOW DOES THE COMMISION SYSTEM WORK?

[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text css=”.vc_custom_1618526106406{padding-top: 5% !important;}”]Once a customer pays for his/her order the commission gets automatically deducted. You as the Vendor will receive an email notification of each new order. Each notification will indicate the order details and the commission amount.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_row_inner css=”.vc_custom_1618555781408{padding-top: 10% !important;background-color: #b0d5d6 !important;}”][vc_column_inner][vc_column_text css=”.vc_custom_1618526026556{padding-bottom: 5% !important;}”]

WHY PAY COMMISSION?

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  • Maintaining and ensuring the site runs smoothly and securely.
  • Covering general administrative costs.
  • Covering site marketing costs to attract potential customers.
  • Cover shipping logistics.
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WHEN WILL YOU RECEIVE YOUR ORDER PAYMENT?

[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text css=”.vc_custom_1618526176502{padding-top: 5% !important;}”]Vendors will receive the payments of all their orders every second and or last Friday of a month. Only cleared Customer Payments will be included at the time of Payouts, if a payment clears after payout time it will be included in the next scheduled payout.[/vc_column_text][/vc_column][/vc_row][vc_row gap=”20″][vc_column width=”1/3″][vc_row_inner css=”.vc_custom_1618555806184{padding-top: 10% !important;background-color: #b0d5d6 !important;}”][vc_column_inner][vc_column_text]

HOW DOES THE PAYOUT SYSTEM WORK?

[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text css=”.vc_custom_1618526258056{padding-top: 5% !important;}”]Once an order has been successfully placed the payment goes directly into the secure VendorBuy PayFast or Bank account. Payouts will be made directly to the Bank details provided on the Vendor’s Store Profile.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_row_inner css=”.vc_custom_1618555819807{padding-top: 10% !important;background-color: #b0d5d6 !important;}”][vc_column_inner][vc_column_text css=”.vc_custom_1618526424615{padding-bottom: 5% !important;}”]

WHY ARE PAYOUTS ONLY EVERY 2 WEEKS?

[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text css=”.vc_custom_1618526296804{padding-top: 5% !important;}”]Payout will happen every second and last Friday of a month, in order for us to keep transaction fees as low as possible. Lower transaction fees means we are able to keep our commission as low as possible.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_row_inner css=”.vc_custom_1618555846543{padding-top: 10% !important;background-color: #b0d5d6 !important;}”][vc_column_inner][vc_column_text css=”.vc_custom_1618526437125{padding-bottom: 5% !important;}”]

WHAT IF I NEED PAYMENT EARLIER?

[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text css=”.vc_custom_1618526389750{padding-top: 5% !important;}”]Vendors are able to request an earlier payout time, however a small payout fee of R10.50 will be charged for early payouts.

The early payout fee is to cover the transaction fee that applies.[/vc_column_text][/vc_column][/vc_row][/vc_section]