TrueConnect: Connections - Commission and Net Rate

Set up compensation for resellers in TrueConnect using either Commission or a Net Rate.

When initially configuring the relationship between the Supplier and Reseller within the Connections Manager, you'll have the option of using Net Rate or Commission settings. These settings will determine if the supplier or the reseller will handle the payment processing, and how the reseller will make their cut of each sale.

Be aware that Commission is the only option when using a public connections template. If you'd like to use Net Rate, you need to set up a private connections template.

Commission

With commissions, the supplier handles all payment processing on their end. At the end of the agreed-upon payment cycle (found in Connections Manager,) the supplier will pay the reseller the agreed upon rate for each product sold. Resmark generates reports to help streamline your processes when using commissions, the Supplier can refer to the payables report, and the Reseller can refer to the receivables report.

When setting up your commissions, you have the option to use a percentage (%) or flat ($) amount.

If selecting %, the commission will be calculated using the base rate of the product, plus the cost of pickups/transfers, and fees. Service fees and taxes will not be calculated in the commission %.
If selecting $, the commission will simply be a flat amount that you designate per product or price tier.

Please note: Commissions between suppliers and resellers are handled outside of Resmark, Resmark simply offers the reporting to make things easier for both of your companies.

Net Rate

With Net Rate, the reseller handles all payment processing on their end. At the end of the agreed-upon payment cycle (found in the Connections Manager,) the reseller will keep the agreed upon rate for themselves, and then pay the supplier for the cost of the product, and any other costs agreed upon in the connection settings. Resmark generates reports to help streamline your processes, when using Net Rate the Reseller can refer to the payables report, and the Supplier can refer to the receivables report.

When setting up your net rate, you have the option to use a percentage (%) or flat ($) amount.

If selecting %, the reseller will pay the supplier whatever the designated percentage assigned to each product is. For example, if the Net Rate field in your connection settings is 80% for a specific product, then the Reseller will keep 20% of the base cost of the product, and pay the other 80% of the base cost to the supplier.
If selecting $, the reseller will pay the supplier a flat amount per each for the product.

Please Note: Net Rates between resellers and suppliers are handled outside of Resmark, Resmark simply offers the reporting to make things easier for both of your companies.

Updated on: 03/22/2024

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