Seller Commission Marketplace Add-on

Important Note: This extension serves as an add-on to WeblyticLabs' Marketplace Extension. Before utilizing this extension, it is essential to have purchased and installed the Multi-Vendor Marketplace extension.  

For example, if a customer purchases a product from a seller priced at $200 and a fixed commission rule of 20 is established for the price range of $150 to $250, the admin receives a $20 commission. Conversely, under a percentage-based commission rule, the admin would earn a $40 commission for the same product.

With the Seller Commission Marketplace Add-On, the shop administrator can configure percentage-based or fixed commissions based on seller products, seller-assigned categories, and store categories. Additionally, the administrator can design commission rules that are fixed or based on percentages and applied to various product price ranges. Using this extension, marketplace proprietors might oversee a more sophisticated commission structure for their vendors, contingent upon the market, merchandise, classifications, and additional commercial aspects.

Business Value:

As a marketplace owner, you have the flexibility to personalize commission rates according to your preferences. This marketplace add-on grants the administrator the autonomy to tailor commission rates precisely, whether for individual seller products, specific seller-assigned categories, or establishing global category commission rates that apply universally across all sellers' products in the marketplace. These rates can be designated as either fixed amounts or based on a percentage.

For example, if a customer purchases a product from a seller priced at $200 and a fixed commission rule of 20 is established for the price range of $150 to $250, the admin receives a $20 commission. Conversely, under a percentage-based commission rule, the admin would earn a $40 commission for the same product.n establish commission rules for diverse price ranges. Thus, for any product within a specified price range, the designated commission automatically comes into effect.

For example, if a customer purchases a product from a seller priced at $200, and a fixed commission rule of 20 is established for the price range of $150 to $250, the admin receives a $20 commission. Conversely, under a percentage-based commission rule, the admin would earn a $40 commission for the same product.

Key Feature:

• The commission might be fixed or, depending on a percentage, set by the admin.
• A commission for each seller product can be determined by the admin.
• Every seller-assigned category has a commission that can be established by the admin.
• Every store category has a commission that the admin can establish.
• Commission guidelines can be made by the administrator for the various pricing points.
• The commission for the product is more important.
• The commission for the categories and goods may be jointly established by the administrator.
• Determine the commission rule by using the product's round-off price.

Benefits for Sellers:

• Customized Commission Rates: Sellers can have personalized commission rates tailored to their products or specific categories, allowing them greater control over their earnings.
• Transparency: Clear visibility into commission rates ensures sellers understand the deductions from their sales, aiding in financial planning and strategy.
• Fairness and Flexibility: The module provides a fair and flexible system for sellers, enabling them to adjust pricing and strategies based on varying commission structures.
• Increased Revenue: With the ability to set optimal pricing considering the commission, sellers can potentially increase revenue by balancing competitive prices and commissions.

Benefits for Website Owners:

• Diverse Revenue Streams: Implementing commission modules allows website owners to generate revenue not just from sales but also through commission fees from sellers, contributing to diversified income sources.
• Enhanced Seller Relations: Fair and transparent commission structures foster positive relationships with sellers, encouraging their loyalty and potentially attracting more sellers to the platform.
• Customization and Control: Owners can set different commission rates for various categories or sellers, giving them control over the revenue model while catering to different seller needs.
• Marketplace Growth: Attractive commission policies can drive more sellers to join the platform, expanding the marketplace's product variety and potentially attracting more customers.
• Improved Competitiveness: Enabling competitive commission rates can make the marketplace more appealing to sellers, especially when compared to other platforms, promoting marketplace growth.
• Streamlined Operations: Automated commission calculations reduce manual effort, streamline processes, and minimize errors in determining and distributing commissions.

Additionally included are:

• Free 90-day support
• Lifetime Free Updates
• Marketplace Return Policy for 25 Days
• Supported Multi-Store 
• Supported Multi-currency 
• 100% Open Source