Welcome to CopeCart! If you're a seller or affiliate with CopeCart US and looking to understand our fee structure and billing process, you're in the right place. This guide will clarify how fees work for sellers and affiliates, providing practical examples to help you grasp the process.
CopeCart Fee: Essential Details
For Sellers:
As a seller on CopeCart USA, you are subject to a fee for each transaction processed.
For Affiliates and Joint Venture Partners (JVPs):
Good news! Using CopeCart is free if you are an affiliate or a JVP.
Note: Vendors always receive their share after all deductions.
Order of Deductions:
When calculating your earnings, deductions from the gross amount occur in this sequence:
Applicable Tax Payment
CopeCart Fee
Affiliate Commission
Joint Venture Partner Share
The remaining amount after these deductions is your net earnings.
Calculation Explained:
The sum that remains after all deductions is the net amount earned.
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=βπππ‘βππππ’ππ‘βππππππ
Billing Examples for Clarity
Let's break down a typical billing scenario to illustrate how these calculations come into play.
Example Scenario:
Gross Amount: $1,100
Tax Rate: 10%
CopeCart Fee: 10 % of the net amount, plus $1
Calculations:
Net Amount:
Net Amount = Gross Amount β Tax β CopeCart Commission
Example: $1,100 β $100 (Tax) β $101 (CopeCart Commission) = $899
The vendor will receive the full net income of $899 if the transaction doesn't include affiliates or JVP.
However, if the transaction includes an affiliate and JVP, the net income will be split as follows:
Affiliate Commission:
Example: 30% of commission (set by the vendor)
$899 x 30 % = $269.70 of income for the affiliate
Total Income for the Vendor:
Total Income = Gross Amount β Tax β CopeCart Commission β Affiliate Commission
Example: $1,100 β $100 β $101 β $269.70 = $629.30 of income for the vendor
JVPs commission:
In this example, we'll include two JVPs in the transaction. One with 20% of commission and the other with 30%, the vendor's share is the remaining 50%.
Example:
JVP 1 (20% of Total Income): $629.30 x 20% = $125.86
JVP 2 (30% of Total Income): $629.30 x 30% = $188.79
Vendorβs Net Earned Amount: $629.30 - $125.86 - $188.79 = $314.65
Conclusion
Understanding the CopeCart fee structure and billing process ensures that you are well informed about your earnings as a seller or affiliate on CopeCart US. This clarity helps you plan and maximize your profits on our platform.
If you have any more questions, our CopeCart US Support team is always here to help you at help@copecart.com.