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Understanding your payments - example

Each month you will receive your payment via BACs.  This is the 15th day of the month or the next working day.

The payment period covers all orders dispatched the previous calendar month.  

 

Payment 

Your total sales for the payment period 

minus 

our service fee which is calculated at 18% +30p on each order plus VAT

 

Example

Seller A has received 5 sales to date:

 

Order ID Order received  Products Total Shipping Total Order Total Dispatched Date Service Fee Service Fee plus VAT Net Payment
12345 01/02/2015  £      25.00  £      3.25  £     28.25 03/02/2015  £      5.39  £         6.46  £       21.79
12346 01/02/2015  £      30.00  £      3.25  £     33.25 03/02/2015  £      6.29  £         7.54  £       25.71
12347 20/02/2015  £      60.00  £          -    £     60.00 22/02/2015  £   11.10  £       13.32  £       46.68
12348 28/02/2015  £      35.00  £      3.25  £     38.25 01/03/2015  £      7.19  £         8.62  £       29.63
12349 28/02/2015  £      40.00  £      3.25  £     43.25 not yet  £      8.09  £         9.70  £       33.55

 

Three of the orders were dispatched in February and so will be paid in the March payment.  The March total payment for those three orders will be £94.18 (total sales of £121.50 less the service fee applied for each order with VAT).

 

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