Multi Vendor Marketplace Plugin | WCFM Marketplace › Forums › WC Marketplace › Detailed reports
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- December 7, 2019 at 9:45 am #96351
ckausParticipantHi,
I love the pretty charts, but we’re having issues explaining how the admin fees were calculated and if we’re having trouble, certainly the vendors would have a difficult time.
What exactly does “admin fees” include?
- December 9, 2019 at 12:26 pm #96686WCFM ForumMember
Hi,
Suppose you have set commission setting – 10 percent for Admin – https://ibb.co/3zQLH9J
A vendor’s product cost is – $100
Now, when this product is sold out Admin will get – 100 x 10% = $10, now this is Admin Fee
Thank You
- December 15, 2019 at 8:10 am #97497ckausParticipant
I think for transparency purposes, the vendor ledger should be way more detailed, especially if the admin is collecting shipping fees, plus commission and tax.
Having it set only as “admin fees” opens up a lot of questions about how the commission was calculated.
It should break down the fees by each product or provide an option to review the entire transaction from gross to net.
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- December 20, 2019 at 12:48 pm #98177WCFM ForumMember
Product Cost – $30
Product Tax – 13% – $3.9
Total = $30 + $3.9 = $33.9Admin Commission – 7%, so Vendor commission – 93%
Tax Goes to Vendor – as per commission setting.
Do vendor commission for this – $30×93% = $27.9 + $3.9 (Tax) = $31.8
As per Commission Setting – Tax deduct on Vendor’s commission 13% = $31.8 x 13% = $4.13
So, vendor’s final commission – $31.8 – $4.13 = $27.67Now, final Admin Commission = $33.9 – $27.67 = $6.23
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