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What is a commission rate?

 What is a commission rate?

Comnission rate explained

Photo by Alexander Mils from Pexels

A commission rate is an amount that is paid out on top of a regular salary or after the sale of a good or service and is based on the percentage of sales that a seller generates. Typically, commission rates are based on a percentage of the total sale (e.g. 10%), and in some cases it can also be a flat fee for a transaction. In  affiliate programs, your commission rate is set by the merchant.

Percentage commissions are most common in affiliate programs, and the average affiliate commission is between 5–30%. 

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