Setting up commission fees
As a marketplace administrator, you can choose to charge a transaction fee/commission fees from each paid transaction in your marketplace. The fee can be enabled from the “Side Menu” section.
Side Menu > Extensions > Commission > Enable commission
How do I configure commissions on my marketplace?
- Go to Side Menu > Extensions > Commission > Enable commission
- Commission has the following config:-
- Default Commission
- Fixed Amount
- Commission Transfer
- Online (Available only for Stripe connect as of now)
- Payout Schedule
- Real Time
Note: You are just setting up the default commission from here. You can still go and edit the commission rate for any merchant from the merchant listing page (Side Menu > Merchant)
What kind of commission fee can I charge?
There are two options for transactions fees: you can either charge a percentage of the total transaction price or a minimum fixed fee.
Can I choose not to charge a commission fee?
If you don’t want to charge a fee from transactions, you can always set both the percentage and the fixed fee at 0. You can change the same from the panel.
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