Commerce Manager lets you collect payouts for sales from Facebook or Instagram. To get set up for payouts, you must provide the following information in Commerce Manager:
-
US bank account info and a physical business address for tax documents
-
An email address for payment and order notifications
-
A business category to describe what you sell
-
A State Tax Registration Number for states where you have a business presence
-
Tax and business representative information
How and when you get paid
You must ship orders within 3 business days and mark it as shipped in Commerce Manager. Marking orders as shipped starts the payout process.
For orders with multiple items, you can mark individual items as shipped if you need to ship items separately. You’ll be paid out for each shipment of an order.
We work with payment processors to handle all checkout transactions. You usually get paid within 8 to 10 business days of shipping an order. In unusual circumstances, payouts may take up to 30 days.
In Commerce Manager, Payouts shows you these details:
-
Balance
-
Payout history
-
Payout ID
-
Expected payout date
-
Amount
All payouts are sent to your US bank account in US dollars. You can edit bank info in Settings.
Note: Your business is the Sub-merchant of Record, and the payment processor is the Merchant of Record.
How we handle sales tax
To determine sales tax, we consider several factors including but not limited to:
-
The shipping destination for an order
-
The location from which an order is shipped from to a customer
-
The product categories the seller mapped for the product
-
Whether or not the seller has tax collection obligation in the state
-
Whether the sale happens in a marketplace facilitator state (transferring the tax collection obligation to Facebook)
You're required to set up this information in the Tax tab in Commerce Manager and keep it current. To help with accounting, we offer financial reports and tax forms you can download.
Comments
0 comments
Please sign in to leave a comment.