IRS Form 1099-NEC (Non-Employee Compensation) — issued by buying groups to sellers paid more than $600 in a calendar year. Reports gross payments, not net profit.

See also:Schedule C

Automated Clearing House — the U.S. bank-to-bank transfer rail used for same-day payouts. Cheaper than wire but limited to U.S. domestic accounts.

See also:WireScan

Annual percentage yield — the effective interest rate on a balance, including compounding effects.

RetailWorld pays a 3% APY rewards rate on Eligible Balances, calculated daily and credited monthly. Funds are held in our commercial deposit relationship with JPMorgan Chase Bank, N.A. via the J.P. Morgan Premium Deposit program. The APY is variable and may change with notice — see our APY Disclosure for details.

See also:Premium Deposit

An Amazon restriction limiting which sellers can list a specific brand. Common for Nike, Sony, Dyson, and other invite-only brands.

See also:UngatingCategory gating

An aggregator that pools purchases from many resellers to unlock retailer rebates, allocations, and commissions no single seller could access alone.

Buying groups quote a per-product commission, accept inventory at a central hub, scan and verify it, and pay the seller. The group resells the inventory through a separate channel (often wholesale or a regional chain). Sellers benefit from credit-card rewards on the upfront purchase plus the buying-group commission, all without listing on Amazon.

See also:WhitelistScanCommitmentLot

An Amazon restriction limiting which sellers can list within entire catalog sections like Automotive, Beauty, Jewelry, or Grocery.

See also:UngatingBrand gating

A consumer reporting agency banks query when you open a checking account. New-account openings are flagged; opening too many in a short window can result in declines for 6–12 months.

See also:Direct deposit (DD)

A binding promise to tender a specific quantity of a specific SKU at a quoted price by a deadline.

Commitments are how buying groups pre-allocate volume to retailer deals. Reducing a commitment is generally only possible within a short window (RetailWorld allows 48 hours from the most recent commitment). Failing to honor a commitment can trigger refusal or commission offset on future buys.

See also:ScanLotSKUUPC

A recurring electronic deposit, often used by banks as the qualifying activity for a signup bonus. Many banks now accept same-name pushes from brokerage accounts (Fidelity, Schwab) as DD.

See also:ChexSystems

A buying-group receiving and scanning facility. RetailWorld operates two: Wilmington, Delaware (East Coast) and Dallas, Texas (Central/West).

See also:Scan

A grouped batch of units from a single seller, identified by a lot number, that moves through the hub together.

See also:ScanCommitmentSKU

A payment-term option that defers payout 15 days from scan in exchange for an additional +0.75% on the per-product commission.

See also:Net 7Net 30

A payment-term option that defers payout 30 days from scan in exchange for an additional +1.25% on the per-product commission.

Net 30 is typically the right choice for sellers running on long-grace credit cards (e.g., Chase Ink with a 5-day cycle plus 25-day grace). The bonus on a $100k/month buy is worth ~$15,000/year — enough to noticeably move the needle on annual ROI.

See also:Net 7Net 15

A payment-term option that defers payout 7 days from scan in exchange for an additional +0.35% on the per-product commission.

See also:Net 15Net 30ACHWire

An institutional interest-bearing deposit product offered by JPMorgan Chase Bank, N.A., used by RetailWorld to allocate pooled balances.

See also:APY

RetailWorld's policy of matching (or beating) any documented competitor commission offer on a comparable SKU under comparable terms.

Home Depot's loyalty program. Spend-and-get promos and free delivery thresholds make it a near-mandatory enrollment for resellers sourcing from Home Depot.

See also:RedCard

Target's branded debit/credit card. Adds a flat 5% discount that stacks with Circle offers and category multipliers.

The receiving event where a buying-group hub captures the barcode of each unit, verifies it against the committed quantity and SKU, and triggers payout.

RetailWorld scans every unit on arrival. A successful scan event releases the seller's commission for ACH or wire payout. A failed scan (mismatched SKU, missing units, damaged packaging) is documented and may reduce the payout per the deal's commitment terms.

See also:LotCommitmentACH

The IRS form sole proprietors and single-member LLCs use to report business income and expenses. This is where you deduct cost of goods sold against the gross 1099-NEC figure.

See also:1099-NEC

Stock-keeping unit — a retailer-specific identifier for a single product variant (size, color, model).

See also:UPCLot

The Amazon process of submitting wholesale invoices to gain approval to list a gated brand or category on your Seller Central account.

See also:Brand gatingCategory gating

Universal Product Code — the 12-digit barcode that uniquely identifies a manufacturer's product across retailers.

See also:SKUScan

A vetted, application-only roster of approved sellers. RetailWorld is whitelist-only — applicants are reviewed against volume, history, and reference checks.

See also:Buying groupCommitment

Domestic Fedwire transfer. Clears within hours during banking days and is preferred for high-value payouts.

See also:ACH