Gross Merchandise Value definition
Gross Merchandise Value. (“GMV”) means the total dollar value of orders processed. GMV is inclusive of product value, shipping and duty. It is net of returns, value added taxes and cancellations. GMV does not represent revenue earned by us, although GMV and revenue are correlated.
Gross Merchandise Value or “GMV” means the total value of all Transactions processed through a Site during any given Contract Year, excluding
Gross Merchandise Value means the sum equal to the value of Customer’s products processed for sale using any Service (for example, sold on a Network Site or Customer’s e-commerce website). GMV excludes shipping, sales tax, and, where applicable, VAT and GST, if the Network Site itemizes these amounts. GMV is calculated at the time of completion of checkout by a buyer except for (a) sales on Network Sites (for example, deal sites) where the value of the items sold is calculated based on a negotiated price between Customer and the Network Site, and (b) sales on eBay, where GMV is determined at the time a prospective buyer commits to buy an item for a fixed price or, in the case of an auction, at the close of the auction. For purposes of calculating GMV, GMV is converted to the appropriate currency stated in the applicable SOW on a daily basis (using Greenwich Mean Time (GMT) as the standard time) applying the applicable rates at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/currencyserver/feeds/ or a similar service that ChannelAdvisor reasonably designates from time to time.
Examples of Gross Merchandise Value in a sentence
Gross Merchandise Value shall exclude any shipping, handling and other costs charged to End Users.
The “Annual Subscription Fee” shall amount to the greater of (i) the Gross Merchandise Value of a calendar year multiplied by the applicable GMV Rate as described in Section 1.1 of this Exhibit H or (ii) the Minimum Subscription Fee.
Regardless of the actual Gross Merchandise Value, the Subscription Fee payable from Launch until Termination shall not amount to less than EUR [**] (“Minimum Subscription Fee”) per calendar year.
If the launch or the termination occurs during a calendar month, the Gross Merchandise Value shall only include those sales transactions for goods and services generated after the day of the launch or until the day on which the termination becomes effective, respectively.
The Royalty Fee Rate shall be 1.2% of the Gross Merchandise Value.
More Definitions of Gross Merchandise Value
Gross Merchandise Value or “GMV” means the total value of transactions ordered through our platform, excluding value added tax, goods and services tax, service chargebacks and refunds.
Gross Merchandise Value means cash, receivables, or other consideration either for or facilitating, sale of goods and/ or provision of services, by an enterprise, on its own or as an agent or otherwise;
Gross Merchandise Value or “GMV” is defined as the total value of all transactions for goods and services processed through the Demandware Service during the applicable time period, as reported by the Demandware Order Book. Processed shall mean all orders from customers received by neckermann. Gross Merchandise Value shall not include shipping, handling, financing charges and interest for installments and taxes. Any discounts granted by neckermann to its customers shall not be part of the GMV. All transactions as defined above are reported by the Demandware Order Book and will be included in Gross Merchandise Value, regardless of order, shipping, return or credit status. [**]. The time periods for determining Gross Merchandise Value shall be based upon a quarterly period and Greenwich Mean Time.
Gross Merchandise Value or “GMV” means the total sale amount paid to you for all orders you have facilitated through a SaaS Service where applicable to the SaaS Service.
Gross Merchandise Value means the total gross revenue of all the products and goods sold at the Stores;
Gross Merchandise Value means the total value of goods or services, or both, sold by, or through the intermediation of, the enterprise through all the Core Digital Services it provides;
Gross Merchandise Value means the sum equal to the value of Customer’s merchandise sold using any Service (for example, sold on a Channel or Customer’s e-commerce website). GMV excludes shipping, sales tax, and, where applicable, VAT and GST, if the Channel itemizes these amounts. GMV is calculated at the time of completion of checkout by a buyer except for (a) sales on Channels (for example, deal sites) where the value of the items sold is calculated based on a negotiated price between Customer and the Channel, and (b) sales on eBay, where GMV is determined at the time a prospective buyer commits to buy an item for a fixed price or, in the case of an auction, at the close of the auction. GMV includes the value of other products or services Customer sells (as an upsell) using Shopping Feed Checkout functionality (for example, accessories and other products). For purposes of calculating GMV, GMV is converted to the appropriate currency stated in the applicable SOW on a daily basis (using Greenwich Mean Time (GMT) as the standard time) applying the applicable rates at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/currencyserver/feeds/ or a similar service that Shopping Feed reasonably designates from time to time.