Overview
This Agreement ("Agreement") is made between the Seller ("You" or "Seller") and Best of British ("Platform"), a company providing a marketplace and recommendation platform for buyers, sellers, and recommenders. By signing up as a Seller and utilizing the platform, you agree to the terms and conditions set forth below.
1. Commission Structure
You agree to the following commission terms for any sales generated through the platform, either by Recommenders or directly:
1.1 Recommender Commission
You agree to pay a commission to Recommenders for sales made through their referrals. The commission percentage will be set by you during product listing, with the following platform minimum requirements:
- Minimum Commission: 2% of the total sale value for Recommenders.
1.2 Platform Commission (Best of British)
In addition to the Recommender commission, you agree to pay the platform a commission for sales facilitated through the platform:
- Platform Commission: 10% of the total sale value for Best of British.
1.3 Total Commission
The total commission (Recommender + Platform) will be automatically deducted from each sale. You will receive the remaining balance after commissions have been distributed.
2. Payment and Payout
2.1 Payout Process
Sales earnings, after deductions for Recommender and Platform commissions, will be credited to your in-app wallet. Payouts will be processed weekly to your designated payment method.
2.2 Commission Adjustments
You may update the commission percentage for each product, but it must always meet the platform’s minimum requirements as stated in Section 1.
3. Promotions and Advertising
You are encouraged to use in-app promotional tools such as banners and featured product listings to increase visibility of your store. These promotional activities may incur additional fees, which will be clearly outlined before activation.
4. Subscription
4.1 Subscription Terms
Sellers are required to subscribe to the platform’s services after the first 3 months of free usage. The subscription fee is £10 per month and will be automatically deducted from your in-app wallet or designated payment method.
4.2 Free Trial Period
You are eligible for a 3-month free trial from the date of registration as a Seller. During this period, you can cancel your subscription anytime without incurring any charges.
4.3 Subscription Cancellation
After the 3-month free trial, you may cancel your subscription at any time. If you cancel, the subscription will remain active until the end of the billing cycle. Once cancelled, you will no longer have access to premium seller features, and your store may be delisted from promotional features.
5. Responsibilities
5.1 Accurate Listings
You agree to provide accurate product descriptions, pricing, and shipping details. You are solely responsible for fulfilling orders and handling returns or disputes with customers.
5.2 Compliance with Laws
You agree to comply with all local, national, and international laws regarding the sale of your products.
6. Termination
This Agreement may be terminated by either party at any time. However, any pending transactions and commissions owed will still be processed in accordance with the terms outlined above.
7. Acceptance
By clicking "Accept," you acknowledge that you have read, understood, and agree to these terms and conditions, including the commission structure for Recommenders and the Platform.