iMartStore – Vendor Policy
At iMartStore, we aim to create a fair and transparent environment for our vendors. This Vendor Policy outlines the terms regarding commission, payments, and sales procedures for all registered vendors on our platform.
1. Free Trial Period
- All new vendors joining iMartStore will enjoy a three (3) month free trial period starting from the date of their registration.
- During this trial period:
- No commission will be charged on sales made by the vendor.
- Vendors will receive the full sale amount (after applicable taxes and payment gateway charges, if any).
2. Payment Release
- Vendor payments will only be processed after the product has been confirmed as successfully delivered to the customer.
- This ensures that customers receive their orders in satisfactory condition and helps maintain trust and credibility for all sellers on the platform.
3. Commission After the Free Trial
- Once the initial three-month free trial is over, iMartStore will charge a 7.50% commission on each sale made by the vendor.
- The commission is calculated on the final selling price of the product (excluding taxes and shipping).
Example:
- If a product is sold for 1 GBP, iMartStore’s commission will be 7.50% of the sale price.
- This equals 0.075 GBP (i.e., 1 × 7.50%).
- The remaining amount will be paid to the vendor after deducting payment gateway fees and any other applicable charges.
4. Agreement and Acceptance
- By registering as a vendor on iMartStore, you agree to abide by this Vendor Policy and any future amendments communicated by the platform.
- iMartStore reserves the right to revise this policy with prior notice to all vendors.
📌 Note: This policy is designed to ensure fairness, transparency, and a mutually beneficial relationship between iMartStore and our valued vendors.