Related Information
The Collect! Member Resource Center is there when you need assistance 24/7/365. Online Help and the access to the technical Support Ticket system are always open. Our technicians are on 3 continents to better serve world-wide needs in any timezone.
“ Collect! continues to evolve and improve without major costs to us. ” Dana M.

Commission Rate Plan Sample - Payment Amount

Payment amount plans look at each individual payment and use that amount to determine which commission rate to use when posting a payment. The commission rate is set at data entry and when working with financials.

The sample below will show you how Collect! determines which commission rate to set when you have assigned this commission rate plan to an account.


Commission Rate Plan - Payment Amount

When using this type of commission rate plan, you will notice Collect! does not assign any commission rate on the Debtor form. The field labeled Rate will always be empty. The commission rate is calculated and applied to each payment transaction when posting. This commission rate plan evaluates the amount of the payment entered in the To Us or Direct field on the payment transaction. Collect! determines the commission rate percentage to use when you exit the To Us or Direct fields, or when you uncheck the 'Don't calculate commission' check box, or when you select OK on the transaction.

The commission rate is calculated each time a transaction type is posted that requires commission or when an existing transaction is modified.

With this sample:

When posting a transaction for anywhere between $0.01 to $100.00, the commission rate on the transaction will be set to 50% automatically.

When posting a transaction for anywhere between $100.01 to $500.00, the commission rate on the transaction will be set to 40% automatically.

When posting a transaction for anywhere between $500.01 to $1000.00, the commission rate on the transaction will be set to 35% automatically.

When posting a transaction for anywhere between $1000.01 to $5000.00, the commission rate on the transaction will be set to 30% automatically.

When posting a transaction for anywhere between $5000.01 to $10000.00, the commission rate on the transaction will be set to 25% automatically.

When posting a transaction for anywhere between $10000.01 to $999,999.00, the commission rate on the transaction will be set to 15% automatically.

With this sample, no minimum or maximum values have been set. If you enter values for the appropriate minimum or maximum values, Collect! will reset the commission amount accordingly when posting a transaction that calculates commissions. If you are going to use minimum and maximum commission amounts, you should view the documentation Commission Rate Plan Sample - Setting Min And Max Values.

See Also

- Commission Rate Plan
- Commission Rate Plan Basics - Introduction/Accessing
- Commission Rate Plan Samples

Top of page.

Was this page helpful? Do you have any comments on this document? Can we make it better? If so how may we improve this page.

Please click this link to send us your comments: helpinfo@collect.org

RMA RMA Canada ACA Member