With this mode, you can set the commission of Admin/vendor to a fixed value, thus whatever be the price of the product, the commission value will remain the same.
Here’s a example of setting where commission to Admin is set fixed to Rs 90.
And here’s an order list showing Rs 90 being credited to Admin upon a sell.
With this mode you can set the commission in a percentage-wise manner and in that case the commission earned will be a certain percent of the total product price.
Here’s a example of setting where commission to Admin is set to 10%, thus whenever a product is sold, admin get 10% of product price & vendor gets 90%.
Here’s a glimpse of order list showing the distribution of pricing. Where admin gets 10% of Rs 1000= Rs 100 as commission fee.
WCFM allows 6 types of commission modes/types in it’s system where you can set specific rules for calculating the commission. Here they are:
c. Percentage + Fixed
d. By vendor sales
e. By purchase price
f. By purchase quantity
You can select the option from here as shown below:
We will discuss about these modes individually in details in the following sections below.
With this settings, you can either apply the commission rules for admin or for vendors as shown below-
If you choose Vendor, then all the commission rules which you will be declaring will be for the vendors. Here’s an example where a fixed commission of 100 bucks is declared for vendors and the vendors gets the same:
Pic 1: Showing settings where commission rule is set for vendor and the commission is fixed to Rs 100:
Pic 2: You can see the order details where a product of Rs 1000 is sold from vendor’s store and he gets only Rs 100 from the same:
For setting up the commission rules admin has to do it from here: Goto WCFM Admin Dashboard- > Settings -> Commission settings.
Following is a screen-grab of the same for better understanding:
Let’s discuss the above settings in a modular manner for clear understanding.
If you set commission mode “Percent” then you may set percent commission value.
If you set commission mode “Fixed” then you may set fixed commission value.
For any online marketplace commission play a very vital role as this lets you earn while paying the vendor his/her due amount. WCFM gives you ( or admin) the feasibility to set commission in different modes ( such as percentage wise commission, fixed commission etc) and at different levels.
Currently, you are allowed to setup commission in following levels
- Global ( the commission rule will be applicable throughout the site for all vendors)
- By Membership ( the commission rule will be applicable for a particular membership)
- Individual Vendor ( the commission rule will be applicable for a particular vendor)
- Category Wise (the commission rule will be applicable for a particular category of product)
- Product Specific ( the commission rule will be applicable for a particular product)
Moving ahead, we shall discuss how admin can set commissions at different levels, and what are the modes of commission present in WCFM. So here we go!