On This Page

TABLE OF CONTENTS

Introduction


Each month you will be billed for your use of BinderPOS. As a general rule, the commission you pay is between 1-2% of total online earnings, depending on the site through which you make your sales. Please also remember that this commission is only taken from online sales. You will not pay any fees for sales made within a physical store. For more information on understanding how commissions are calculated, head to How Commissions Are Charged.


Commissions are calculated after the month-end, and invoiced in the subsequent month. For example: January's commissions are calculated in February and invoiced in March


Towards the bottom of your invoice, you will notice four categories:


  • Description
  • Qty (Quantity)
  • Unit Price
  • Amount


In Your Invoice


Description

Under the Description portion of your invoice, you will find the names of the three sites from which you can be charged commission. These three are:


  • CFB Marketplace Commission
  • eBay Commission
  • Ecommerce Commission


It is important to note that, because invoices are automatically generated, these three categories will always appear on your invoice, even if you do not use them.


If you do not use any of these sites, its Qty will read 0. The Unit Price will always read as $0.01


Quantity & Unit Price

These two sections are bundled into one category for the following reason: they are not important. As mentioned briefly above, your invoices are automatically generated each month. This allows for a quicker and more accurately produced invoice, with less possibility of user error. In order to automate your monthly invoices, however, values have to be assigned in order to generate an accurate monthly commission. Here we have chosen $0.01 as the Unit Price with whatever Quantity is needed to accurately create your monthly commission.


For example: If you sold $2,000.00 USD on Ecommerce Commission (Shopify), then 2% of that would give a commission of $40.00. In order to automatically input the correct commission amount, your invoice would read 4,000 Qty (Quantity) x $0.01 Unit Price = $40.00 Amount


Amount

This section is dedicated to listing your total commissions cost for each site. The amounts are totaled together in the Subtotal, Total, and Amount Due.


Other Issues

If you have encountered any other issues or have any other questions not specifically addressed on this or on a connected page, please send us an email with your inquiry at accounts@binderpos.com