Payment Cycle
The Payment Cycle section outlines the timeline and structure followed for releasing seller payments post-order processing. This ensures transparency and allows sellers to forecast receivables.
Payment Timelines
What it means: Defines when the seller receives the payment after a successful order.
Standard Process:
Day 0: Order placed
Day 1–5: Order dispatched and delivered
Day 6–9: Return window (if applicable)
Day 10 onward: Payment released to seller
Note: The actual release date may vary based on buyer app policies and reconciliation timeframes.
Invoice Format
Purpose: To standardize the billing document raised by the seller.
Required elements:
Seller’s GST and contact details
Buyer details (if available)
Order ID / Reference
Item name, price, tax, and total
Shipping charges (if applicable)
Sellers must ensure that each order has an invoice in the proper format for accounting and compliance.
Buyer App Commission Overview
What it is: Commission is charged by the buyer app for facilitating the transaction.
Details to note:
The commission is a fixed percentage of the order value (including taxes).
The rate is agreed upon during onboarding with the buyer app.
It is auto-deducted before the settlement amount is credited to the seller.
Commission details appear in the settlement report under “Deductions”.