Commissions and Payouts
The Commission and Payout page allows affiliates to track earnings and manage payment details, while merchants can monitor commissions and initiate payouts efficiently.
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Who are Affiliates?
Affiliates refer to influencers promoting your site or products and earning commissions upon successful sales, creating mutual benefits for affiliates and merchants.
What is affiliate commission tracking?
Affiliate commission tracking allows merchants (people who sell products) to see how much commission they owe to their affiliates. When a customer clicks on the affiliate link and makes a purchase on the merchant’s website, the sale is credited to the affiliate and the merchant owes the affiliate a commission.
How can merchants use the commissions tab to track affiliate commissions?
The Commissions tab in an affiliate marketing plugin typically allows merchants to see a list of all the commissions that they owe to their affiliates. This information can be helpful for merchants to track their affiliate marketing spending and see which affiliates are generating the most sales.
Here’s some general information on what merchants might see in a Commissions tab:
ORDER ID: This section provides the Order ID for reference.
AFFILIATE: This section displays the name of the Affiliate associated with the order.
TOTAL/COMMISSION: This section indicates the current total amount of the order and commission for the affiliate.
STATUS: This section displays the current status of the order, such as “pending,” “approved”
Here's the screenshot of the commission tab:
Benefits of using the commissions tab for merchants
Track affiliate marketing spending: The commissions tab allows merchants to see how much they are spending on affiliate marketing commissions. This information can be helpful for merchants to track their return on investment (ROI) for their affiliate marketing programs.
Identify top-performing affiliates: The commissions tab can help merchants identify their top-performing affiliates. This information can be helpful for merchants to develop stronger relationships with these affiliates and potentially offer them higher commission rates or other incentives.
Overall, the commissions tab can be a valuable tool for merchants to track their affiliate marketing commissions and manage their affiliate relationships.
Now, let's see about the commission tab which is seen under the affiliates tab:
Commissions:
This section likely displays a list of all affiliate transactions (sales or leads generated by affiliates).
Affiliate Name: Identifies the affiliate who earned the commission.
Amount: Shows the commission amount earned by the affiliate for a specific transaction.
Date: Indicates the date the commission was earned.
Status: This section displays the current status of the order, such as “pending,” “approved” or "rejected"
Here's the screenshot of the commissions tab:
What is a payout?
In affiliate marketing, a payout refers to the commission that a merchant pays to an affiliate for referring a customer or sale. When a customer clicks on the affiliate’s unique tracking link and completes a purchase on the merchant’s website, the sale is credited to the affiliate. The merchant then owes the affiliate a commission, which is typically a percentage of the sale amount.
How affiliate payouts work
The specific process for affiliate payouts can vary depending on the affiliate marketing program, but here’s a general overview:
Affiliate joins a program: They discover a merchant's affiliate program and sign up to take part. Then, they get a special link to share and promote the merchant's products or services.
Affiliate promotes the merchant’s products: The affiliate advertises the merchant's offerings on their website, social media, or other marketing materials, using their unique link.
Customer makes a purchase: If the customer buys something from the merchant's website using the Affiliates link within that time, the affiliate gets credit for the sale.
Merchant tracks sales and commissions: The merchant monitors sales and commissions using their affiliate marketing software, seeing which affiliates referred which customers and how much they should pay each affiliate.
Merchant pays out commissions to affiliates: Following the payout schedule in the affiliate agreement, the merchant sends payments to affiliates. This usually happens monthly but can differ depending on the program.
Here's the screenshot of the Payout tab:
The specific payout method that is used will depend on the affiliate program and the preferences of the affiliate and the merchant.
Now, let's see about the payout tab which is seen under the affiliates tab:
Date: This column likely shows the date the payout was initiated or recorded.
Amount: This column likely shows the payout amount sent to the affiliate.
Status: This column might show the status of the payout, such as "Success" (if the payout was successful), "Pending" (if the payout is awaiting approval or processing), or "Failed" (if there was an error during payout).
Revert?: This column allows the admin to reverse or cancel a payout if needed.
Revert Reason: This column allow the admin to specify a reason for reversing a payout.
Payment Type: This column might show the payment method used for the payout (e.g., PayPal, bank transfer).
Admin Note: This column allow the admin to add internal notes about the payout.
Affiliate Note: This column is for affiliates to add notes for the admin regarding the payout.
Here's the screenshot showing the payout tab under affiliates tab:
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