The SoukUk marketplace is for Creative artists, craftspeople musicians, performers and Handicraft suppliers.
SoukUk Marketplace Overview
Marketplace Features:
- Personalised Shopfront: Each creative individual or business gets their own online shop, set up by the SoukUk admin team on their behalf.
- Shop Capabilities:
- Showcase products/services with details, images, and pricing.
- Offer product variations (size, color, etc.) and delivery options.
- Enable sales of digital downloads, live streams, and online classes.
- Custom checkout options for musicians, entertainers, and educators.
- Customer Experience:
- Easy product selection and shopping cart management.
- Choose delivery and payment options at checkout.
- Seamless purchasing for both digital and physical goods.
Admin Support:
SoukUk admins closely assist ShopHolders with:
- Shop setup and management
- Pricing strategy (considering payment processing, delivery, discounts, and currency conversions)
- Integration of payment and delivery methods
Buying & Checkout Process
- Configure Order: Customers select options (volume, colour, size), add to cart, and review order.
- Checkout: Enter email, agree to T&Cs, select delivery and type of product related payment method.
- Payment:
- Digital Products: Secure online payment via Square or other integrated card payment services.
- Physical Products: Manual checkout — payment and delivery arranged directly between customer and vendor.
- Order Completion:
- Customer’Place Order’ and finalises the transaction.
- Email confirmations sent to the customer, marketplace admin, and ShopHolder.
Marketplace Security & Payment
- Platform: Ecwid (cloud-based, secure HTTPS)
- Card Payments: Processed via Square (secure, PCI-compliant)
- Manual Payments: Options include over-the-phone, bank transfer, physical collection, and ShopHolds own custom methods as arranged with the SoukUk marketplace admin team.
- Digital Only: Digital downloads and streaming are processed automatically; physical goods require manual processing, unless otherwise arranged.
Financials & Charges
- Square Fees:
- UK card: 1.4% + 25p
- Non-UK card: 2.5% + 25p
- Currency conversion is handled by the buyer’s bank.
- SoukUk Deductions:
- 5%–8% per sale (covers platform fees and admin support)
- May include additional fees for digital/streaming services.
- Payment Flow:
- Square deducts transaction fees.
- SoukUk deducts its administration and service fees.
- Remaining funds transferred to ShopHolder’s nominated bank account (UK or international).
- Records: Real-time sales records maintained; available on request and at regular intervals.
Vendor & Buyer Responsibilities
- Taxes & Duties: Vendors and buyers are responsible for all applicable taxes, VAT, and import duties.
- Manual Processing: Vendors handling physical products must manage payment and delivery directly with buyers.