| WYOL_financial_flow_AUS.svg |
|---|
- The price of the product minus discounts
- Shipping
- Duties and taxes
- If you are shipping the products directly from your hub then the final title transfer takes place in the origin country, making this a domestic B2B sale.
- If you are shipping from a Global-e hub, the final title transfer occurs when the goods arrive at the domestic Global-e hub.
Duties and Taxes Process
Below is an example of the financial process that takes place when a customer purchases from a Merchant in Australia. Australian Merchant – Global-e Australia Deduct Australian GST- Product price in AUD = 100 + 10% GST) - exported from Australia
- Shipping charged to customer: $5
Billing Period and Payment Terms
The reconciliation process typically takes place on a weekly basis and results in a comprehensive report of all Merchant sales for the week. Based on the report, Global-e pays the Merchant the sum of all products sold internationally during that week plus any relevant shipping, duties, and taxes, minus the agreed service fee. Global-e’s standard payment terms state that 100% of the net proceeds are paid weekly, up to two business days after the weekly reporting day. Global-e’s standard payment terms:- 90% of the net proceeds are paid weekly, up to two business days from receipt of the invoice.
- 10% of net proceeds are paid monthly, up to seven days from the end of the month.
Invoicing
When the Reconciliation Report is generated, Global-e also provides Merchants with two invoices:- A self-billing invoice for sales-less refunds.
- An invoice for Global-e’s services, fees, and any shipping subsidies.
Global‑e Purchase Examples
The following two purchase examples offer a detailed look at the price conversion process. There are two types of price conversions:- Dynamic pricing- Global-e converts the customer currency on the website for the Merchant.
- Fixed pricing - The Merchant gives Global-e the customer’s price in the customer’s currency and that information is fed into the website.
Reconciliation Report Example- AUS Merchants with Non-Global-e Carriers
Below is a sample Reconciliation Report with a breakdown of the services and fees for that week. For a list of all the report fields and their definitions, see Reconciliation Report. For a video describing the Reconciliation Report, see Video Overviews: Financial Flow & Weekly Reconciliation Report.| Amount GST | GST | Amount Inc GST | ||
|---|---|---|---|---|
| Sales Total | $23528.85 | $2352.89 | $25881.74 | Sales Example |
| Refunds Total | ($2106.68) | ($210.67) | ($2317.35) | Refunds Example |
| Amount to Invoice | $21422.17 | $2142.22 | $23564.39 | |
| Service Fee | $1724.12 | $172.41 | $1896.53 | 7.0% ofSales Total |
| Service Fee Adjustment | $0.00 | £0.00 | $0.00 | |
| Shipping Subsidies | ($729.95) | ($73.00) | ($802.95) | Shipping Example |
| Taxes Subsidization | ($371.49) | $0.00 | ($371.49) | |
| Handling Fee | $0.00 | $0.00 | $0.00 | |
| Returns | $14.97 | $1.50 | $16.47 | Returns Example |
| Services and Fees | $607.71 | $97.91 | $705.62 |
Sales Total
Order Level
Refunds Total
Shipping Subsidies
Shipping prices are based on the actual weight that we received from the shipper or measured at our hub.
Returns
