Take-rate policy on Joom
A product's take-rate on Joom depends on its category. In most cases, the take-rate is 15%.
| Category |
Take Rate |
|
Laptops |
5% |
|
Smartphones |
5% |
|
Fitness Trackers & Wristbands |
5% |
|
Smartwatches |
5% |
|
Smartwatches for Kids |
5% |
|
Tablet Computers |
5% |
|
Monitors |
5% |
|
Other Products |
15% |
Commission calculation method
The commission is calculated based on the final amount of the order, which usually consists of the sum of the product price without VAT and shipping cost without VAT if the order is shipped offline. The following is the formula:
Take rate sum = (product price without VAT + shipping price without VAT) × take rate
In case the order is shipped via Joom Logistics, the formula for commission is as follows:
Take rate sum = product price without VAT × take Rate
Examples of Commission Calculation
The calculations in the table below are based on the following example of order information:
-
Product price without VAT is $4.00;
-
Shipping cost without VAT is $2.00;
-
Take-rate is 15%.
|
Situation |
Final Price |
Commission |
|
General |
$6.00 |
$0.90 = ($6.00 x 15%) |
|
Promotion: 5% Discount |
$5.70 |
$0.86 = ($5.70 x 15%) |
|
Partial refund: 50% refund |
$3.00 |
$0.45 = ($3.00 x 15%) |
|
Full refund |
$0.00 |
$0.00 |
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