Formula
Commission is the merchandise value times the percent:
Commission = gross merchandise value × commission percent
This is a period total, not the fee on one item.
Assumptions
- The merchandise value is the base you choose.
- One percent covers the whole amount.
Worked example
$20,000.00 of merchandise at 12% is a platform commission of $2,400.00.
Input definitions
- Gross merchandise value
- The sales total the percent applies to.
- Commission percent
- The platform's share of that total.
Limitations
This is a planning estimate, not payroll, tax, shipping, or marketplace advice. The currency control changes the symbol only.
Questions
How is this different from a marketplace fee?
A marketplace fee is one item price. This page is a percent of a whole period of sales.
Does this subtract refunds?
Only if the merchandise value you type is already net of refunds.