Affiliate Condition Setup
In the Novalnet Admin Portal you can pre-configure individual commissions for each affiliate. You have options to enter a fixed amount or a percentage or both. It is also possible to dynamically split the commissions (in percent or as an amount) in real time using an API call; this applies to all affiliates as well as to the split of the commissions of each individual transaction for the marketplace operator. In the Novalnet Admin Portal, you can define individual conditions for each affiliate under each project with the following options:
Option 1:
To define affiliate commission in Novalnet Admin Portal, follow the below steps,
- In Novalnet Admin Portal, navigate to the menu Marketplace/Affiliate
- You can see the list of affiliates where you can define Commission, Fix commission and Cost commission for each of your affiliates
- Then click on the Save button
Option 2:
You can also provide dynamic commission split (only in percentage) for more than one affiliate on each transaction using the parameter “subvendors” during your payment request, refer the explanation of parameter “subvendors” mentioned in the interface parameters section as per your preferred type of integration.
- If you want to provide the commission as amount (not as percentage), then pass the parameter “commission_type” with value “amount” along with parameter “subvendors”.
- Make sure that by default the commission split for the affiliate is defined as 100 %.
- If you as owner want to over take the entire payment costs instead of the affiliate, then set the costs as 0%, if not, enter the percentual share of the payment costs which should be applied to the affiliate.
- Execute the payment transaction on escrow mode and then followed by, execute the vendor credit payment request call (pass the correct amount of commission in smallest currency unit, e.g. in Eurocents: 5,22€ = 522). Please refer the Affiliate escrow account payout/Vendor Credit section for further details.
Global default setting for the distribution of commissions
Novalnet has a global default setting for the distribution of commissions per site (percentage, fixed or both). This default setting can be overwritten when the individual affiliates are created in Novalnet Admin Portal (by the authorized employees of the marketplace operator).
Dynamic transfer of commission distribution during the payment call
Through the interfaces (via Direct API or batch procedure via SFTP), we also offer the marketplace operator another option for changing the distribution of commission shares. This allows the operator to split up the affected transactions at any time. We manage the information about the distribution of amounts.
Calculation of commissions and settlements
Novalnet offers different settlement cycles, e.g. daily, weekly, bi-weekly, monthly,etc. We are flexible to meet the needs of the marketplace and the affiliated merchants. There is also the option of gross/net settlements. The retention periods depend on the risk of the respective payment method. Furthermore, Novalnet also offers account management for product partners (affiliates), including transparent invoicing, fiduciary money management, settlements, comprehensive debtor management, etc. All funds are credited to an escrow account and are transferred to the affiliate according to the agreed settlement cycle. Should the amount fall below a pre-defined threshold, the settlements will be suspended with the corresponding information.