Launched in 2019, TheMarket.com is the fastest growing eCommerce marketplace in New Zealand. Backed by New Zealand’s largest retail group, TheMarket.com offers you access to over 4 million monthly visitors and through our parent group, exposure to over 4 million monthly visitors and through our parent group, exposure to over 3 million customers.
A great way for you to get in front of a new online audience in New Zealand.
With channels that cover premium to clearance, TheMarket.com provides New Zealand consumers with over 3 million products across 2000 categories, guaranteeing a great fit for your range and brand.
TheMarket.com supports the most popular shopping carts in New Zealand, such as Shopify, Magento, BigCommerce, Maropost, WooCommerce and more, allowing an easy connection between your online store and TheMarket.com. The Market.com also supports API integrations. One integration gives you access to a cross-country click & collect network, localised customer service and NZ-based fulfilment and returns.
PROMOTIONS, SHIPPING, VOUCHERS + TAX
Please note each marketplace treats financial calculations differently. It's important to note these calculation differences in the raw data or to let Cresco data know if you need a calculation change. More information can be found at:
Item cost $AUD100
Total cost = [ item cost*] - [ discount cost] + [ shipping Fees]
$120 = [ $100] - [ $10] + [ $30]
*note GST is inclusive in item cost. Please also note that commission will be deducted.
GST CHANGE - 1st December 2019
Due to a New Zealand Government GST law change, Goods and Services Tax (GST) will be charged on all items sold on TheMarket including those from overseas, which means international merchants will be impacted.
NEW PROCESS from 1 December 2019
From 1 December 2019, all products and shipping charges on themarket.com will include New Zealand GST (15%). TheMarket.com will remit this GST to inland revenue on behalf of its international merchants. International merchants do not need to complete GST returns or remit GST to the inland revenue themselves for sales via TheMarket.com. TheMarket.com will provide GST receipts to customers. Please see updated clause 16 of the MSA.
For all merchants
- Shipping charges: all shipping charges in the shipping table will be deemed to be GST inclusive.
For example, if you have shipping set at $10 in the shipping table. We will calculate the GST exclusive shipping charge and GST. In this case the shipping charge remitted to you would be $8.70, with $1.30 GST being remitted to inland revenue by TheMarket.com.
- We recommend you review shipping charges prior to 1 December and are ready to update them on 1 December 2019 if necessary. We strongly recommend that you're shipping and product prices on TheMarket.com are the same as your prices on other NZ websites.
- Settlement: your settlement will not change; you will continue to receive net proceeds excluding GST. We will not report to you on GST charged or remitted to inland revenue. The way commission is calculated will not change and will continue to be charged on GMV, which is GST exclusive.
For merchants providing us prices in foreign currency (where TheMarket.com does the fx conversion for you on our platform) – see wiki for example.
TheMarket.com will add 15% to the price of your products. You do not need to increase your product prices. You should continue to provide us NZ GST exclusive pricing as you do now in your local currency.
For merchants providing us prices in New Zealand dollars (e.g., Where your integration partner or you do the fx conversion and we receive prices in NZD) – see wiki for examples: