Payment Fees

As a reminder, in accordance with our Seller Promise, our default payment method is “direct deposit” to your bank account with no fees to you, ensuring that you receive 100% of your funds.

How to ensure you receive payments with no fees::

1. Enrollment with your payment processor must be initiated from your Seller Center account.
2. Payment must be delivered to a U.S or a Canadian bank account that supports direct deposit (ACH).

If you are paying fees today and wish to change to “no fees payment delivery”, please contact your payment service provider (Payoneer or Hyperwallet). You will need to have your business bank account details available when you contact them.

IRS Mandates

IRS mandates require Walmart to ensure that your tax profile on file with us is accurate and a W-9 or W-8 form is on file with your payment processor.

Please note, that in order to comply with this mandate, we will be verifying seller tax IDs and legal names on file with us with the IRS and we may contact you if your information cannot be verified.

How do I verify my tax profile is correct?

1. Login to Seller Center
2. Select “Tax Profile” under “Settings” on the top menu bar
3. Verify that your:

1. • Legal name in the Name field
   • Tax ID (TIN)
   • Tax classification (W-9, W8-ECI, W-8BEN) are correct.

1. If the information shown is correct, please open a Partner Support case for further assistance
2. If you made changes to your tax profile, you will be notified after the information has been verified

We are also working with Payoneer and Hyperwallet to ensure that every seller receiving payments has a W-9 or W8ECI/W-8BEN-E form on file with them. Failure to comply with this requirement may result in payment delays.

What happens if I don’t correct my information?

If after 30 days, you have not updated your information or opened a Partner Support case, your payments may be suspended until we can verify your tax information with the IRS. Further actions may include, but are not limited to:

1. Collecting backup withholding on gross payments at the rate of 24%, as directed by the IRS
2. An IRS-imposed $270 penalty for incorrect information if updates are not made before your 1099-K form is filed for the calendar year (penalty assessed each year information remains incorrect)
3. Additional solicitations from Walmart to obtain correct information

Please refer to the IRS for more detailed information.

Content Categorization for Referral Fees

Last year, we made improvements to the content categorization process we use to determine commission rates. All content is now categorized automatically to increase accuracy, reduces errors, and produce more consistent rates.

As a reminder, the category provided during content ingestion is only used to display the most appropriate set of attributes to describe your content; it is not used to set referral fee rates.

How does our automated categorization work?
Our categorization scheme prioritizes “what an item is” over “how the item is used”, unless the item is specialized enough that it can only be used in a designated category, precluding its use in other settings, the general category will be used.

• Example 1: Leather care products can be used on leather car seats, leather jackets, leather accessories and leather furnishings. Therefore, leather care products are associated with Home & Garden at 15%.
• Example 2: An automotive wrench will be categorized under Automotive & Powersports at 12% rather than Tools & Home Improvement at 15%, because its use is restricted to automobiles.

Please keep these guidelines in mind before contacting Partner Support.