The Minimum Order Value (MOV) is an amount to represent the minimum order value needed to complete checkout on your B2B eCommerce platform. For example, if you enter $50, orders of $49.99 and under (excluding promos, tax, shipping, etc.) will prevent your customers from proceeding to checkout.
On TradeGecko you can set a custom MOV to each relationship that has access to your B2B store.
MOV calculation does not account for promo codes/discounts, as it only takes the total value of goods in the calculation.
For example, let's say the MOV to fulfill is $500. A customer adds $500 worth of goods to their shopping cart, and then a 20% discount is applied. He/she will still be able to checkout.
How to set the MOV?
First, click on the Relationships tab, and choose the Relationship you wish to edit. Then, on the top right-hand corner of the screen, click on the 'Edit' button.
Scroll down to Default settings and you will see a field for 'Minimum Order Value'.
Indicate the MOV as desired and click 'Save Changes' at the bottom of the page.
What will your Buyers see?
When your customer logins to your B2B store, they will be notified of the MOV when they attempt to checkout their cart. If the value of the cart is below the MOV, they will not be able to proceed with the checkout.
When they attempt to checkout, they will be taken to the 'Draft Order' page with an error pop-up message showing, and the 'Proceed to Checkout' button will be disabled.
Have you tried our Customer Groups feature? Learn how to organize your customers into groups to easily manage Price Lists, Discounts, Payment Terms, and Minimum Order Values.