Managing payments

Managing payments

In this module we will discuss :

1. When is payment transferred?

2. Example of payment transfer

3. How will payment be transferred?

4. How is payout calculated?

5. How to check payout?

6. Seller panel payments tab

7. Reports

• Once your product is delivered to the customer, payment will be processed

Order Processed

Lifecycle of payments1 Payment transferA

When is payment transferred?

Order received Order processed Order delivered

Payment initiated

Example of payment transfer

Lifecycle of payments1

1. Payment initiation takes 2 days to start after delivery of product is completed.2. It is transferred on the nearest payment transfer day, 2 days after delivery 3. Payout will be reflected in your account within 7 working days of the product delivered.

Example of payment transferB

Payment is transferred 3 times a week Monday, Wednesday & Friday

Product delivered For example -

Product delivered - 2nd (Tuesday)

Payment released- 5th (Friday)

Nearest payment day 2 days after delivery being 5th

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How is payment transferred?

• Payment for each order will be released to you from three different bank accounts depending on the customer's mode of payment (PG/Wallet/COD)• Due to multiple banks, the payment for one product can be in different parts and may have different UTR numbers.

3 modes of payout

Paytm wallet Paytm

payment gateway

Cash on delivery

1 Managing payments Mode of paymentC

How is payout calculated?

1 Managing payments Expected payoutD

Final payout to you is made after the various commissions & fee are deducted from the selling price and shipping charges received from the customer

Payout

Selling price

(-) Marketplace commission

(-) Logistic charges

(-) Payment gateway fee @2.7%

= Payout breakout

Rs 1000

Rs 124.3 (12.43% *1000)

Rs 27 (2.7%*1000)

Rs 50 (500 grams)

Rs 0

[(1000+54)-(124.3+27+50+6.71+1.46+31.42)]Rs.768.49

Example : Product- Men’s T-shirt

DE

DU

CTIO

NS

Customer shipping charges (100%)

(-) Customer shipping charges payment gateway fee (2.7%)

(-) Service tax @ 15%

(-) Additional minor deduction/penalty

(-) Customer shipping charges marketplace commission

Rs 31.42 [15%*(124.3+27+50+6.71+1.46)]

Rs 1.46 (2.7%*54)

Rs 6.71 (12.43%*54)

Rs 54

1 Managing payments Expected payoutE

How to check payout? (1/3)

You can check your expected payout by following steps -

1 Click on Payments Tab

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1 Managing payments

2 ClickOrderwise

3 Click on More Details


Expected payoutE

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1 Managing payments

4 You can check your Expected Payout

Expected payoutE


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Seller panel payments tabThis is your Payments Tab in seller panel wherein you can track your payments easily

1 Managing payments

Once your Order changes to “Delivered”, it will reflect in Datewise & Orderwise Tab

You can download Commission Invoicefor every month

Click on Hide Payment Details to view the payout.

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Payments tabF

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What are the types of report?

Payout report

Payout reports can be viewed in the following formats:• Payout details report

• Individual payout detail

• Order detail report of a specific payout initiated

Orderwise details for specific date frames of expected payouts can be viewed in the following formats:• Multiple orders detail

report of expected payout

• Expected payout of specific order

Datewise Reports Orderwise Reports

1 Managing payments ReportsG

Thank you!

For any query please raise a ticket on support

Managing payments

Business

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