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Shopwell is a subsidiary of the 
Payments & Financials
6 Docs
Understanding U.S. tax reporting (e.g., 1099-K forms).
Last Updated: July 21, 2025As a U.S. marketplace, we are required by the IRS to report the gross sales of vendors who meet certain thresholds. If you meet this threshold, you will receive a 1099-K form. Disclaimer: Shopwell cannot provide tax advice. We strongly recommend consulting with a tax professional.
How to read your financial statements.
Last Updated: July 21, 2025Your dashboard provides detailed financial reports. You can view gross sales, deductions (like commissions and fees), and net payouts for any given period. We also provide downloadable statements for your accounting records.
How do I set up or update my payout information?
Last Updated: July 21, 2025You can securely add or update your bank account or PayPal information in the ‘Financials’ section of your Vendor Dashboard. For security, there may be a short holding period after you update your information before payouts can be processed to the new account.
What is the payout schedule?
Last Updated: July 21, 2025We offer flexible payout schedules to suit your needs. You can choose to receive your available earnings daily, weekly, or on a specific day of the month. You can set your preference in the ‘Financials’ section of your dashboard.
Understanding the 5% platform commission.
Last Updated: July 21, 2025The 5% commission is charged on the retail price of your product for each successful sale. This simple fee covers the cost of payment processing, platform maintenance, and marketing efforts that bring customers to your products. We view it as a partnership investment in your growth.
How is my payout calculated?
Last Updated: July 21, 2025Your net payout is calculated as: [Retail Price] – [Sales Tax] – [Shipping Cost] – [Operational Costs] – [5% Shopwell Commission] = Your Payout. You can view detailed statements for every transaction in your Vendor Dashboard.