Introduction to Seller Fees

There are several types of fees for sellers selling at Platsify:

1. Marketplace Commission Fee:

Marketplace Commission Fee is an amount charged for each successful order. Currently, the commission rate at Platsify is 10% for all items

After an order is successfully delivered to buyers, Platsify will automatically deduct a fee from the final order/payout settlement. This is the Marketplace Commission Fee, and is charged based on rate of 10% for all product categories.

The Marketplace Commission Fee above does include VAT.

How is the Marketplace Commission Fee calculated?

Formula:

Marketplace Commission Fee = (Item price - Seller discount) * Commission rate

2. Transaction Fee

After an order is successfully delivered to buyers, Platsify will automatically deduct a fee from the final order/payout settlement. This is the Transaction Fee, and is charged to all sellers for processing successful orders in Platsify.

The Transaction Fee rate is 2.24% (VAT included).

How is the Transaction Fee calculated?

Transaction Fee = (Customer Payment - Customer Refund) * 2.24 %

3. Affiliate Commission Fee

What is Seller Affiliate?

Platsify sellers might consider collaborating with selected Creators through the Affiliate Programme to earn additional sales. An Affiliate on Platsify is a Creator that has agreed to collaborate with sellers to promote and sell products.

In exchange for the service for each successful sale through the Affiliate, sellers pay a commission fee based on the Affiliate Commission Rate agreed upon between both parties. This is done through the Affiliate Plan created on Platsify Shop Affiliate Marketing module.

What is Affiliate Commission?

When an Affiliate has helped seller sell a product, and the order has not been cancelled or successfully refunded before the settlement period ends, Platsify will automatically deduct an amount from the order.

This is the 'Affiliate Commission' - the commission fee that seller is charged as part of the Affiliate's fulfillment of sales and promotion service provided to seller.

How is the Affiliate Commission calculated?

The Affiliate Commission is calculated at a rate based on the item price, minus any seller discounts. Shipping fee and Platsify platform discounts are not included as part of the calculation of the Affiliate Commission.

Formula:

Affiliate Commission Fee = Affiliate Commission Rate X (Subtotal before Discount - Platsify Discount - Seller Discount)