2020 - Support Local Fees & Payments to Vendors
Fees
The fees outlined below apply to the 2020 season only. Fees to participate in the Support Local initiative, particularly for online shop listings, will change significantly in 2021. When we've finalized our fee structure, this page will be updated.
Vendors who are selected for our Support Local initiative will be required to pay annual membership dues of $10 per vendor. These dues must be paid when you are accepted to participate in the Support Local initiative.
Fees for our Support Local initiative are as follows:
- For Cheer Box products: 10% of the total value of the products supplied
- For online shop listings: 5% of the total value of products sold
In the case of Cheer Boxes, the CBCM will guarantee a purchase a quantity of at least 30 of your product. Since we are not requesting a wholesale discount, the 10% fee is assessed to help us cover the cost of packaging, printing, web hosting, payment processing fees, and insurance.
For online shop listings, the 5% fee helps us cover payment processing fees, web hosting, packaging costs, and insurance.
Vendor Payment
The CBCM will pay vendors by e-transfer, PayPal, or through online banking within 14 days of receiving your product(s). Any fees owed to the CBCM will be deducted from the amount owed to you before payment is made.
Examples
- The CBCM purchases 30 of your product at $7 each to include in a Cheer Box, for a total of $210. The 10% participation fee is $21. Within 14 days of receiving your product, the CBCM will pay you $189 ($210 - $21).
- The CBCM purchases 30 of your product at $5 each to include in a Cheer Box for a total of $150. The 10% participation fee is $15. You also sell products worth a total of $60 in our online shop. The 5% fee for online shop sales is $3. Within 14 days of receiving your product, the CBCM will pay you $192 ($150 - $15 + $60 - $3).
- You are not supplying products for a Cheer Box. You sell $300 worth of products in our online shop. The fee for online shop sales is $15. Within 14 days of receiving your products, the CBCM will pay you $285 ($300 - $15).