Jump to content

Can someone please explain how allow users to sell products?


SJ77

Recommended Posts

@superj707, what some of the others forgot to mention is that in order to allow your members to sell their merchandise through IP.Downloads or to sell items through a marketplace through the IPS platform, you also need IP.Nexus. IP.Nexus is what turns allows you or your community to 'sell' downloadable content or to sell items throguh your online store through the IPS platform.

 

Link to comment
Share on other sites

12 minutes ago, Morisato said:

@superj707, what some of the others forgot to mention is that in order to allow your members to sell their merchandise through IP.Downloads or to sell items through a marketplace through the IPS platform, you also need IP.Nexus. IP.Nexus is what turns allows you or your community to 'sell' downloadable content or to sell items throguh your online store through the IPS platform.

 

 

15 hours ago, superj707 said:

Hi I have downloads and commerce.

They're all set ;) 

Link to comment
Share on other sites

One point of clarification.... The OP said "to allow my users to upload their own digital files to my site and sell them to other members" (bold emphasis mine).

All sales are done via the site owner's account and Paypal account. Members are not able to sell directly to other members.

The site owner account does the actual sale, and then would payout the sale funds to the member that submitted the file (less commission and fees).

Link to comment
Share on other sites

6 hours ago, Mark H said:

One point of clarification.... The OP said "to allow my users to upload their own digital files to my site and sell them to other members" (bold emphasis mine).

All sales are done via the site owner's account and Paypal account. Members are not able to sell directly to other members.

The site owner account does the actual sale, and then would payout the sale funds to the member that submitted the file (less commission and fees).

How do the vendors get paid? Do they build an Accrual?

Link to comment
Share on other sites

If you are the site owner, funds are paid into the Paypal account you define in the admin panel. You'd then make payouts to the vendors. Our Marketplace is setup in a similar way, though we have customized it somewhat, for our specific needs. Any of the community Contributors can add a bit more generic detail, as I believe they know that side of the process better (I'm not a Contributor), but payouts can be requested, yes.

Link to comment
Share on other sites

4 minutes ago, superj707 said:

I am guessing most people here are not lawyers or CPAs but.. as a guess.. do you think I need to have people fill out a W9 http://www.irs.gov/pub/irs-pdf/fw9.pdf

before I allow them to sell stuff on my site? Or because they use paypal, I become a 3rd party?

You have to provide a 1099-MISC to anyone earning over $600 per calendar year, and at this point you will have wanted them to fill out a W-9 for your own records. Copies of these 1099's get sent to the IRS along with a 1096-Summary form. Anyone making less than $600 does not receive a 1099-MISC, and isn't included on the 1096-Summary form, but is still counted as an expense on your personal tax return.

While you don't necessarily have to have it to get things started, I would personally make it my policy that this document must be filled out and returned PRIOR to receiving their first commission check from you.

(Paypal really only functions as another business bank account of yours)

 

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...