Rental options:
ZAR 275 per 30 days
ZAR 825 per 90 days
ZAR 2,475 per 270 days
ZAR 3,300 per year

For first time registrations that are in the middle of the month, prorate your rental fee using ZAR 9.50 per day multiplied by the remaining number of days in the month. This is a once-off concession.

MyShop^TM fees are as follows:

• Commission = 0%
• Admin = 0%
• Transaction = 4%
• Withdrawal = R7
• Monthly rental = R275 per month

Add your shipping costs to your prices!

Example:

• Your selling price = R100 (including shipping and your profit)
• Transaction fees = R100 x 4% = R4
• Withdrawal fees = R7
• Total amount going into your bank account = R89 note that out of this amount you still need to subtract shipping and your profit.

Therefore, calculate the selling prices of your goods accurately for MyShop^TM, use this formula:

 Selling price = [(Supplier price or cost of production per item + Profit mark-up) + Shipping costs] + Transaction fees + Withdrawal fees

 e.g.: Calculate the price of an item that a supplier supplies for R150, you have a 50% profit mark-up, and your shipping costs are R85 per package.

Selling price = [(R150 + 50%) + R85] + 4% + R7 = R329.40

Therefore your profit from this sale = R150 x 50% = R75

Hint: You also have the option to apportion your monthly rental fees into your selling prices.

Important to note:

• Complete all of your details and the shop’s details when you register and set up your MyShop^TM.

• Use a completely different email address to setup your MyShop^TM; do not use the same one you used to register your main user profile on the platform.

• You have to verify and activate your email address in order for your shop to be registered. Check your email inbox or spam/junk folders.

• Your MyShop^TM will be deactivated within 3 days (on the 3^rd of the month) if you fail to pay the rental fee on time. The MyShop^TM cycle runs from the first day of the month to the last day of the month. Prorate your fees if you register your shop in the middle of the month, it is ZAR 9.50 per day multiplied by the remaining number of days in the month. This is the only time where prorated rental fee payments will be accepted.

• You have the option to use the MyShop^TM feature solely for advertising your products and shop and not for transactions. To do this, you need to put it in writing under your shop policies that you would like for your transactions to go through your shop banking account (add the banking details) via EFT and not through the platform. Therefore, state your preferred payment method. When payments are made directly into your bank account by your customers, you do not pay transaction fees and withdrawal fees.

• Add the courier or shipping company and its costs under your shop policies for clarity and transparency.

• Regularly check for announcements or client enquiries on your dashboard, and check your email inbox or spam/junk folders regularly for MyShop^TM updates, sales and transactions.

• When you click on “complete order” on your dashboard, a withdrawal for all the payments that were made through the platform are automatically processed and the pay-out will clear into your banking account within 3 business days.

• When you set up your shop you will automatically receive a personalised link which will look like this: https://theconnect.africa/myshop/[your_store]. Use this link to advertise your shop so that your customers can find you.

• Examples of store policies to add:

1. Cancellation policy
2. Returns policy
3. Exchange policy
4. Refund policy
5. Shipping policy