Opencart Multivendor Marketplace subscription & commission information

 Opencart multivendor when installed on any e-commerce website conversation that opencart website into opencart multivendor marketplace website, on that vendors can add products, sale products, register themselves for selling, with many advanced features available for them. Seller vacation, RMA, Smart Product, multi-store, template products, simultaneously payments, seller detail module, commission, subscription invoice, template product, etc.

In opencart multivendor, admin earns money from three ways, one is simply selling his product on the marketplace as admin, as if there are a large number of sellers here marketplace will become more popular and traffic catching, so if admin sells his products then they will be in front of all more customer numbers, so getting more sales will have a positive growth of revenue just by selling his products.

Suppose due to high sales of seller product admin product can be sold in good quantity due to related product sales or cross product sales.

Now we will discuss two important revenue generator options available for the admin,
One is commission and other is vendor subscription,

When a vendor joins a marketplace, he needs to pay some subscription amount, that admin decides on the number of products, number of featured products featured stores, etc., whatever subscription plan is selected by vendor, 

that plan will be activated, this subscription plan will be valid for the number of products as described in the plan, number of valid days, number of featured products allowed, number of other home page module benefits allowed etc. are given on subscription plan.

Subscription plan payment can be done offline or using PayPal; the PayPal button is given on the subscription invoice generated after selecting the subscription plan by the vendor.

Now we discuss the commission; the commission is the amount to be paid by the vendor on every sale made on his products. Admin collects all payment in a payment gateway option as decided by admin to be for the customer; admin can select any opencart supported payment gateway,

Then admin pays the payout after deducting his commission using PayPal, offline mode, or simultaneously payment methods available as in opencart multivendor,

The commission can be global fixed or global percentage commission, and it will apply to all vendor products globally,

Then there is commission based on the category that is applicable based on the variety of product,
there is the commission for store-based, that will be applicable to store for which commission value be put,

Three criteria can be used to determine the commission: a) Commission per category — applicable to all categories of products b) Commission per seller — applicable to all products sold by a seller

The order of commission calculation is A->B->C. This means that commissions from categories are checked Very first. It is applied to any product that has a commission for its category. If products fall within the scope of the commission, they are applied.

Maximum commission value is determined if more than one commission category exists. If the category commission isn’t defined, the system will search for the seller’s commission. Specific product. Global commission value will be applied if this is not also defined.

More details of Opencart Multivendor can be found here.