We recently implemented a new payout process to better compliment our Kickfurther consignment contract for businesses. Moving forward, all businesses will be prompted to enter their sales numbers specific for each item associated in their offer to auto populate the amount owed to their buyers.
Prior to the update, the businesses would calculate payments themselves based on their total revenue and revenue share with an estimated payout for guidance. Often this amount was the suggested amount we provided based on their sales estimates. We implemented this update so that payouts were more directly tied with the specific units sold. This is one of several updates we are implementing to the platform to better tie payouts to units sold. Just recently we implemented a Shopify integration feature that allows businesses that use Shopify to sync with Kickfurther to allow us to track sales in real time.
Instructions for Businesses Making Payouts
Login to your Kickfurther business account and click on the "banking" tab:
Then click on the "sales reporting" button:
Next, you will be prompted to enter the number of units sold for each item listed in your offer. Simply enter in the units sold then hit the "calculate" button:
Next, hit the "submit payment" button:
Please note, if you would like to pay your buyers more than the auto populated amount, there is an option for an "additional payment" at the bottom of the page.