All ShipEarly payments involving stocking dealers are processed with Stripe. The stocking dealer program is for retailers who carry and display items for sale. These dealers have the opportunity to fulfill orders from their store inventory. This includes same day pickup and/or delivery of items from their location. For these transactions, the dealer is the seller of record and sales tax, if applicable, is charged on orders. The retailer is given reports and is responsible for submitting taxes to the Government directly. The stocking dealer program is particularly useful for transaction involving assembly, install, or any other service to move liability to the retailer. Below is a summary of how charges are handled depending on the order type.
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In-Stock Transactions
In the event retailers supply a real-time inventory feed and/or manually upload their inventory on a daily basis they will be eligible to receive orders for same day pickup/delivery. On these transactions, as the manufacturer you have already sold and collected money in advance from these customers. For in-stock orders ShipEarly deposits the money directly to the retailers bank account and is normally deposited within 2 business days in the United States and 7 Business Days in Canada.
Out of Stock Transactions
On transactions where stocking dealers either do not have the select color or size available but typically stock they can still obtain the sale as a Ship to Store dealer. Consumers place the orders directly with the retailer and upon the retailer indicating they do not have stock or 24 hours elapses without a response an automated wholesale purchase order will be generated. Retailers are only sent the margin on the sale to their bank account. For example, Retail price less shipping and dealer cost/invoice price of an item. ShipEarly subsequently pays out manufacturers twice per month for Split Payments.
Split Payments
Split Payments are for out of stock orders in which retailers are not given terms on. We only send the retailer the margin on the sale as opposed to the entire retail transaction amount. Manufacturers are issued payment twice per month, less any fees depending on the ShipEarly plan. Only orders that have been 'Shipped' will be eligible for Split Payment Payouts. To review upcoming or past Split Payment Reports login to ShipEarly > Reports > Dealer Payments
Provide Payout Information
ShipEarly sends Split Payments outside of Stripe and must collect your bank details separately. To do so, provide your bank routing details and account number inside ShipEarly. Login to ShipEarly > Click on Company Name > Payouts and enter bank details.
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