Times have changed and we need to re-think how we are going to do business in the future. eCommerce has been with us for a while, however more people are now seriously looking at adding this vital sales tool to their companies marketing mix.

At the Global Merchant we understand that times are tough and that you may not know or understand how eCommere works and

how it can benefit your company. So we have made our Bronze plan for free so you can start your online shop at no cost to you, while you learn the ropes.

For those that understand the concept and want to run larger shops, we have made our four paid plans available at half price. to start simply sign up for our Free Bronze membership and upgrade as your shop grows. (see below the payment plans for “How it Works”)

  1. Plans
  2. Registration
  3. Confirmation
  4. Thank You
 
Product Limits  
Number of Customers  
Payment Integration  
Courier Integration  
Delivery Management App  
Customers App  
Store Staff  
Commission Payable  
 
Bronze
R0.00
No payment required
Free option
 
Product Limits  
Number of Customers  
Payment Integration  
Courier Integration  
Delivery Management App  
Customers App  
Store Staff  
Commission Payable  
 
Bronze
R0.00
No payment required
Free option
10
100
Yes
Yes
No
No
No
10%
Silver
R190.00
for each 1 Month(s)
 
Product Limits  
Number of Customers  
Payment Integration  
Courier Integration  
Delivery Management App  
Customers App  
Store Staff  
Commission Payable  
 
Silver
R190.00
for each 1 Month(s)
20
200
Yes
Yes
No
Yes
No
8%
Gold
R290.00
for each 1 Month(s)
 
Product Limits  
Number of Customers  
Payment Integration  
Courier Integration  
Delivery Management App  
Customers App  
Store Staff  
Commission Payable  
 
Gold
R290.00
for each 1 Month(s)
40
300
Yes
Yes
Yes
Yes
No
6%
Diamond
R690.00
for each 1 Month(s)
 
Product Limits  
Number of Customers  
Payment Integration  
Courier Integration  
Delivery Management App  
Customers App  
Store Staff  
Commission Payable  
 
Diamond
R690.00
for each 1 Month(s)
Unlimited
Unlimited
Yes
Yes
Yes
Yes
Yes
2%

How it Works

This is the number of products you can load per vendor membership. You can start with our Free Plan and then upgrade to bigger packages as your store grows.

You can delete products and replace with new products up to the maximum allowed per membership plan.

This is the number of customers that can register on your store per vendor membership. You can start with our Free Plan and then upgrade to bigger packages as your store grows.

You can unsubscribe inactive customers and add new customers up to the maximum allowed per membership plan.

We make use of an online pay portal called Payfast, this is a South African company based in Cape Town. Payfast does not charge a monthly fee, they only charge a fee per successful transaction. Every time you accept a payment, they charge an all-in fee for each successfully completed transaction.

Because they charge per transaction, you only ever pay for what you use. There are no setup, monthly or hidden fees, you don’t even need a merchant bank account to get paid.

This portal will automatically be activated for your account when you sign up with the following pament options available to your shoppers.

Debit cards issued by Maestro and Visa Electron are still popular among many South African shoppers, and can be used to make online purchases.

Credit and cheque cards issued by Visa and Mastercard are the most popular and trusted online payment methods around the world. Including South Africa.

  

Instant EFT by PayFast allows online shoppers with access to internet banking to make an Electronic Funds Transfer (EFT) that gets instantly verified

Masterpass is a free digital wallet from Mastercard that enables online shoppers to quickly and securely check out and make online payments.

Zapper is a free ‘scan to pay’ app that makes payments convenient and secure for both online shoppers and merchants.

Bitcoin is Digital money that’s instant, private, and free from bank fees. Your customers can pay with Bitcoin and you receive Rands

Mobicred is an online revolving credit facility that gives buyers access to a credit account, which they can use to pay you online through PayFast. Your customers can apply for a credit account during checkout, once approved, then they can use this credit to buy your products online. Mobicred pays you the full amount and the customer pay’s them a monthly fee.

SCode is a unique payment platform that allows shoppers to pay with card or cash for their online purchases at the money market counters in-store at one of more than 6,000 retail outlets across South Africa.

Please see their transaction fees below.

Transaction Type

Fee Type

Fixed 5

Variable 5

Min 5

VAT

Fee for R200 incl VAT

Funds Received

Credit Card

R 2.00

3.50%*

R 0.00

15%

R 10.35 

Funds Received

Wallet

R 0.00

2.00%

R 2.00

15%

R 4.60 

Funds Received

Debit Card

R 2.00

3.50%*

R 0.00

15%

R 10.35

Funds Received

Bitcoin

R 0.00

1.90%

R 0.00

15%

R 4.37

Funds Received

Masterpass

R 2.00

3.50%*

R 0.00

15%

R 10.35

Funds Received

Instant EFT

R 0.00

2.00%

R 2.00

15%

R 4.60

Funds Received

Mobicred

R0.00

3.50%*

R0.00

15%

R 8.05

Funds Received

Scode

R5.00

5.00%

R0.00

15%

R 16.10

1 The indicated fees are specific to this account.

2 The total fee charged for a transaction is the sum of the Fixed Rate and the Variable Rate.

3 Not all the fees displayed are applicable to your account (eg. Funds Received by Credit Card).

4 Only non-zero fees are shown.

5 The fees shown are exclusive of VAT.

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The Global Merchant charges a percentage (%) fee for each successful transaction done on our platform. This fee decreases as per the membership packages. If you sell products at a very high price you can negotiate a lower fee with us.

Please see our transaction fees below.

Transaction Type

Fee Type

Fixed

Variable

Min

Fee for R100

Bronze Package

Commission

R 0.00

10%

R 0.00

R 10.00 

Silver Package

Commission

R 0.00

8%

R 0.00

R 8.00 

Gold Package

Commission

R 0.00

6%

R 0.00

R 6.00

Platinum Package

Commission

R 0.00

4%

R 0.00

R 4.00

Diamond Package

Commission

R 0.00

2%

R 0.00

R2.00

Request Payout *

Withdraw

R 20.00

0%

R 0.00

R 20.00

* This is a fixed fee per payout, regardless of the amount. You can schedule a monthly, weekly or even daily payout. Funds are held by Payfast for a period of 48 hours, after which it will be released and you can request a payout.

How to determine your selling price – a simple formula.

Cost of product (COP) R100 + Your markup 30% (MU)  + TGM commision 10% (TGM) + Payfast fees (PF) (credit card) = R2.00 + 3.5% – (see applicable tables)

R100 + 43.5% + R2.00

R145.50

Round up to selling price to R145

Minus (TGM Bronze package – 10%) = R14.50 (sliding scale as per above membership plan – from 2% to 10%)

Minus (PF credit card – R2 + 3.5%) = R7.10 (pricing according to payment type table – see “Payments” tab)

Minus (COP) = R100

R145 – R14.50 – R7.10 – R100

Gross profit = R23.40

This is just a basic idea and you need to determine what formula would work best for your business. I would recommend speaking to your accountant for assistance.

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