The following table presents the proposed allocations to cover the shipping costs so that merchants could enjoy prompt and safe merchandise shipping.
|Kilometers||Bike||Van / Vehicles|
|1KM – 15KM||500||1,000|
|1KM – 35KM||1,000||2,000|
|1KM – 50KM||1,500||3,000|
|1KM – 75KM||2,000||4,000|
Alabaaru.com will strive to sell the shipping costs to strategic partners by means of strategic agreements with online merchants, shipping companies and other registered companies. Alabaaru.com revenue sharing formula is 80% of a given shipping cost should be allocated to the Rider / Driver while a 20% commission is charged.
A monthly registration token fee of about N1, 500 for bike and N2,000 for car will be charged to every Alabaaru rider / driver wallet, where the rider does not work in a month, no charge will apply for that month. This charge will allow them participate in each month operations.
Vehicle Registration Fees:
|Type of Vehicle
Merchant Fee: Alabaaru.com will charge merchants a cash handling service fee that will average only 1.5% (this will cover Bank POS charge and other cost) of a given merchant’s total sales on pay on delivery items.
However, merchant registration is free.
Goods In Transit Insurance:
Alabaaru.com have partnered with insurance companies to provide GIT insurance to promote confidence in the business, this will enable both Sender and buyer of goods enjoy both convenience and peace of mind.
Insurance Premium Breakdown
Insurance Partners – Consolidated Hallmark Insurance Ltd and Staco Insurance Plc
|Limit per Daily Delivery||N20,000||N50,000||N100,000|
|Premium per Annum||N500||N750||N1,000|