Guaranteed rebates¶
A guaranteed rebate (type "standard") pays a fixed rate regardless of how much turnover is done. There are no bands, no targets, and no thresholds — the element's single value applies to every period.
How it calculates¶
Each period, every participating member's rebateable turnover (the element's output stream) is multiplied by the fixed value according to the element's output type:
- Percentage — member turnover × value ÷ 100.
- Per unit — member throughput × value (e.g. pence per litre).
- Lump sum, equal split — value ÷ number of participating members, regardless of turnover.
- Lump sum, pro-rata — value × the member's share of group turnover.
Example. A 2% guaranteed rebate, quarterly periods. A member does £50,000 rebateable turnover in Q1 → rebate payable £1,000. In Q2 they do £10,000 → £200. No target had to be hit in either quarter.
On sites with in/out rebates the element can carry two values: the rate earned from the supplier and a different "out" rate passed to the member; both are calculated and stored per line.
Why does a guaranteed rebate change unexpectedly?¶
Because the rate never changes, changes always come from turnover: new figures arriving for the period, turnover amendments, or a modifier (compound, strung, date or member restrictions) altering what counts as rebateable. Check the deal's calculation log for the element and period.
What a guaranteed rebate is not¶
- It is not a stepped rebate — hitting or missing any turnover level never changes the rate.
- It is not a minimum payment — a member with zero rebateable turnover receives zero (except lump-sum output types, which pay from the element value rather than turnover).