【Marketplace】What is Merchant Sales Commission?
From 1st of April 2020, the referrer will receive 0.2% of the total monthly sales of all of their buddy merchants (First generation only).
Details as below:
1. 0.2% commission per transaction will be deducted from the points received by the merchant (Will not be affected the original points reward)
2. Merchant commission for the current month will automatically accumulate and settle on the 15th of the following month
Will calculate and separate special zone and points rebate zone
Example：8th of April Special zone sold 1000 Gold Credit; And same, points rebate zone sold 1000 Gold Credit.
*Points rebate zone seller will get 80% Gold credit and 20% Points
*Special zone seller will get 100% Gold credit
For an example: The referrer will get the 0.2% total sales (2000 Gold credit) from seller at 15th of May. And the referrer will get the commission by VIM credit.(2000 Gold credit *0.2% =4 Gold credit)