Revenue Sharing Module

Revenue Sharing Module with Sellers/Vendors of PastCart

1. Net Revenue Calculation
   • The net revenue will be calculated within 10 days of the end of each selling month.
2. Seller’s Payment
   • The seller’s share will be transferred to their registered account within 60 days of the sale, after deductions of:
     • Cost of goods
     • Transaction charges
     • Service tax (as applicable)
     • Other statutory deductions
3. Profit Sharing
   • Profit share will be calculated at the end of the financial year.
   • The respective share will be distributed to sellers/vendors within 450 days from the end of the financial year.
4. Platform Fee
   • All vendors/sellers/owners must pay a platform fee of 10% of the selling price.
   • In cases where the account is managed directly by PastCart, the applicable fee will be charged as per the plan chosen by the vendor.
5. Annual Profit Pool Distribution
   • As PastCart operates on a partnership and profit-sharing model, all listed vendors will be eligible for an annual profit-sharing distribution.
   • The total pool for vendor distribution will not exceed 20% of the total annual profit of the platform.
   • The ratio of profit distributed will be based on the proportion of total sales contributed by each vendor/seller/owner on the platform.
6. Eligibility for Profit Sharing
   • Vendors/sellers will only be eligible for profit-sharing if they:
     • List at least 6,000 products in a financial year, and
     • Successfully sell at least 2,500 products in that period.
7. Partnership Eligibility
   • A vendor will be eligible for the Partnership Scheme once it has:
     • Achieved sales of ₹5,00,000 (Five Lakh Rupees) on the PastCart platform, or
     • Completed 5 years of continuous association with PastCart,
       whichever comes first.
   • The Partnership Scheme is limited to a maximum of 100 vendors only.
   • Vendors who meet the criteria first will be offered partnership on a priority basis until the limit is reached.
8. Applicability of Partnership Module
   • The partnership and profit-sharing module will be applicable only to the first 100 vendors registered under the scheme.
   • Vendors beyond this limit may be subject to revised terms.

9. Withdrawal of Partnership
   • In case a vendor fails to:
     • Upload at least 6,000 products, and
     • Achieve a minimum sale of 2,500 products
       for two consecutive financial years, their partnership with PastCart will be withdrawn.
10. Profit Declaration Authority
    • The declaration of profit distribution will rest with the majority shareholders of PastCart.
    • Such declaration shall be made only upon common consensus among the majority shareholders.
11. Right to Amend Terms
    • PastCart reserves the right to amend, modify, or alter the terms and conditions of this module unilaterally at any time, whenever required.
    • Such changes shall be effective immediately upon communication through official channels of PastCart.

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We value your partnership and look forward to growing together.

For queries or concerns, kindly reach out to us:
📧 info.pastcart@gmail.com
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