Commission for Payment products🔗
Let us assume you are Acme Corporation, an ERP solution provider for colleges, and have partnered with Razorpay. You work with various colleges, who use your ERP and allow students to make fee payments online using Razorpay Payment Gateway.
In Razorpay terminology, you are the Partner, the college is the sub-merchant (affiliate account) and the college student is the customer. Acme Corporation can charge a service fee to ABC College. The ABC College can charge this service fee to the students. This service fee is the commission received by Acme Corporation.
Partner | Merchant | Customer |
---|---|---|
|
|
|
Commission Calculation🔗
You can charge the commission as:
- a flat rate.
- a percentage of the transaction value.
Commission as a Flat Rate (Say ₹100)🔗
Let us assume that the term fee is ₹10,000. The following charges apply:
Term Fees | Payment Gateway Fee | Service Fee | GST | Total Amount |
---|---|---|---|---|
₹10000 | 10000*2% = ₹200 | ₹100 | (200+100)*18% = ₹54 | ₹10354 |
Commission Charged at Transaction Value* (Say 1%)🔗
Let us assume that the term fee is ₹10,000. The following charges apply:
Term Fees | Payment Gateway Fee | Service Fee | GST | Total Amount |
---|---|---|---|---|
₹10000 | 10000*2% = ₹200 | 10000*1% = ₹100 | (200+100)*18% = ₹54 | ₹10354 |
Handy Tips:
- With effect from April 1, 2020, you will earn a commission of ₹500 whenever an affiliate account added by you transacts a minimum of ₹2000 for 3 consecutive months from the date of sign up.
- During referral campaigns, the commission (referral bonus) is subject to change.