Payout Process at CopeCart
Have you successfully earned commissions through CopeCart and are wondering how to withdraw your earnings? This brief guide will walk you through the payout process at CopeCart, ensuring you can access your hard-earned commissions effortlessly and efficiently.
Complete the User Validation Process
The key step in accessing your earned revenue is to complete the account validation process. During this procedure, we'll review the documents you've submitted to confirm the authenticity of your account. Ensuring compliance with security standards is paramount at CopeCart, and we guarantee ongoing updates and the secure handling of your information as part of our commitment to integrity and reliability.
You can find a helpful step-by-step guide about the verification process at this link.
You can find the date of your next payout here:
Log in to your CopeCart account.
Go to Settings -> Account Settings -> Payout Information.
You will find your next payout date in the upper left corner.
Done! Once your account validation is successfully finalized and your payout preferences are properly configured, you will start receiving your payments within the designated payout period.
Payout Interval at CopeCart - 80/20 Rule
Payouts at CopeCart are not issued immediately but are scheduled at consistent intervals, which could be weekly, bi-weekly, or monthly based on your selected preference. These payouts are planned for the 7th, 14th, 21st, and 28th of each month.
Should a scheduled payout date coincide with a weekend or US bank holiday, the payout will be processed on the next business day.
80% of commissions earned are released 14 days after receipt of the money.
For security reasons, the remaining 20% is released 40 days after receipt of the money but will be sent on the earliest payout date. (In some cases, there are chargebacks and returns of received revenue from vendors and affiliates. To protect your Copecart account from excessive transaction costs and other financial risks, Copecart keeps a security deposit as a precaution).
When will I receive my payouts?
Before you look at this example, please keep in mind that payout dates happen on the 7th, 14th, 21st, and 28th of each month. For instance, if a sale is made on February 1, 2024, 80% of the funds will be available on February 15th, but will be paid on the nearest payout date, which is February 21st. The remaining 20% will be available on March 12th (40 days after the purchase was made) and will be paid on March 14th.
If the payout date falls on a US bank holiday or weekend, the payout will be sent on the next business day. For example, October 14th is a US bank holiday (Columbus Day), and the payment will be sent on October 15th. Additionally, if the first payout date of the month falls on a Saturday or Sunday, all payouts for that month will be sent on the next business day.
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 = Gross Amount − Tax − CopeCart Commission
Example: $1,100 − $100 (Tax) − $101 (CopeCart Commission) = $899
Vendor’s Net Earned Amount: $899
Breakdown of the payout according to the 80/20 rule:
First payment of 80 % ($899) = $719.20
Second payment of 20 % ($899) = $179.80
Click here to view an example of calculations involving affiliates and JVPs in the transaction.
Receiving Automatic Email Notifications
Presently, we are unable to automatically dispatch payout invoices. Rest assured, we are diligently working on introducing this functionality and aim to have it available soon.
FAQ
Why am I not receiving my payouts?
You made changes to your account details
The payout day fell on a holiday or weekend
You Changed the payout interval
Your income is less than your minimum payment amount (the $40 wire fee may affect the minimum)
Do I need to pay a fee for each transfer I receive?
The transfer fee is only applied to wire transfers and is not charged per transaction; instead, it accumulates over time.
Can I set a maximum payout amount?
No, you only can set a minimum, and it must be at least $250
What happens if I don't want to continue selling and my pending amount is less than $250?
Please get in touch with our support team at help@copecart.com, and we'll update your minimum, but your account will be closed.
We trust this guide has clarified the withdrawal process at CopeCart for you. Should you have any additional questions or need further assistance, our customer support team is here to help.
For any inquiries, feel free to contact the CopeCart US Support team via email at help@copecart.com