18 January 2022
If the remuneration methods for marketplaces are varied, many operators choose to be remunerated through commissions. If this is your case, you will surely have been confronted with the different types of commissions and the various scenarios for managing them. To facilitate and optimise the management of your merchants’ commissions, you can call upon a payment service provider (PSP), such as Lemonway, which will assist you in setting up your payment methods.
What are the different types of commissions? When and how can they be taken? In this article, discover all the possible scenarios to manage your merchants’ commissions!
Reminder: On a marketplace, money-in refers to all incoming money and follows a specific circuit:
It is then distributed to your merchants’ payment accounts
In this flow chart, as a marketplace operator, you can collect commissions on your merchants’ sales in three distinct ways.
As soon as a payment arrives on your platform, you can add the amount of the commission to your company’s payment account, which will have been previously defined with your merchants. The rest of the amount is then transferred to the marketplace payment account before being redistributed to your merchants.
You can also choose to collect commissions on your merchants’ sales at the time of money-out. This means that when your merchant makes a money-out request from their payment account to their bank account, you can transfer your commission amount directly to your company payment account.
Once the transaction amount has arrived on your marketplace’s technical payment account, a dispatch is made between several payment accounts: the commission is paid to your marketplace’s corporate payment account, while the rest of the amount is paid to your merchant’s payment account.
Depending on the means of payment used, not all schemes will be applicable.
Using a PSP such as Lemonway to manage your commissions allows you to benefit from the company payment account. This is a space dedicated to the management of commissions. You can transfer and keep all your merchants’ and marketplace commissions there. It is also from this payment account that you will be able to retrieve them and transfer them to your company’s bank account.
By choosing to equip yourself with a PSP such as Lemonway, you benefit from the Dashboard tool to facilitate and visualise your commission management. A complete and flexible dashboard, in which you can consult the details of the commissions taken for each transaction: i.e., the commissions on the sales of your merchants and the commissions and the fixed fees taken by the PSP.
The Lemonway Dashboard is a very flexible tool where all the information related to the activity of your marketplace can be viewed. It is, therefore, possible to filter all transactions by date, by amount, by product, by invoice… It is also possible to export data in different formats, which is a precious help for accounting. Moreover, the Dashboard proposed by Lemonway is compatible with all accounting tools.
In terms of commissions, Lemonway’s solution is completely flexible and adapts to the way the marketplace wants to be paid.
This way, commissions can be collected in the following ways:
As a marketplace operator, you can choose the amount of commission you want to charge. All you have to do is tell Lemonway the rate you want to charge for each type of transaction.
Lemonway offers dedicated support at every stage of the project, providing you with tools that will not only facilitate the management of commissions daily but also make communication with your accounting teams easier! A project? Any questions? Tell us about your needs!
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