Vendors provide a cost to Shop Hacker then Shop Hacker marks up that product 30%. This product cost plus the markup is the cost offered to Shop Hacker merchants.
Shop Hacker has 2 pricing tiers for vendors to opt into:
Solo Product Sales
Bundle Product Sales
Vendor Payment Terms:
All vendors are paid on Net 30.
Payments are sent monthly via PayPal and are bulk payments.
For example a sale occurring on January 15th will be paid out on February 28th.
All Shop Hacker products sold by the Merchant will be marked up 30% from the cost provided by the Vendor.
There are no other direct fees incurred by the Merchant to be part of the Shop Hacker network.
Obviously Merchants have costs associated with promoting and selling the Shop Hacker products such as advertising and processing fees.
Merchant payment terms vary by merchant. Typically merchants are billed by Shop Hacker at the end of the month for all Shop Hacker products sold in that month.
Users are transacting through one of Shop Hacker’s merchants. They are paying the merchant directly for their digital product or bundle.
Unless payment occurs directly on AcademyHacker.com (Shop Hacker’s learning management system), users are not paying Shop Hacker directly for their product.