Marketplace Settlements

All questions and answers related to Marketplace Settlements

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17 articles in this collection
Written by Technical Support and Naveen Borawar

Handling PG Refunds in Marketplace

How are vendors affected by refund on an order for which they have received a payout
T
Written by Technical Support
Updated over a week ago

How many hours do I have to spend every day to manage settlements?

ZERO. Every hop in the process is automated from receiving payments through Payment Gateway till settlements into vendor's bank account.....
Naveen Borawar avatar
Written by Naveen Borawar
Updated over a week ago

How many settlements do vendors receive per day?

One. Settlement of all the unsettled transactions are grouped together and sent as a single payout........
Naveen Borawar avatar
Written by Naveen Borawar
Updated over a week ago

How do refunds get handled?

Refunded amount gets adjusted during the next settlement. It will be deducted from commission amount of vendors who received settlement.....
Naveen Borawar avatar
Written by Naveen Borawar
Updated over a week ago

How many vendors can receive commissions from a single transaction?

Upto 5 vendors can receive settlements on a single payment by users
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Written by Naveen Borawar
Updated over a week ago

How can we add vendors at the platform for Settlement?

Vendors can be added manually from the dashboard. We also support automated addition through the APIs.
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Written by Naveen Borawar
Updated over a week ago

What are the charges involved for Vendor payouts? Are these debited from the merchants nodal account?

Charges will be communicated by your account manager. It is debited from the merchant's balance in nodal account.
Naveen Borawar avatar
Written by Naveen Borawar
Updated over a week ago

Is there any option to test vendors functionality like transfer amount and settlements on test account.

Yes, possible.
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Written by Naveen Borawar
Updated over a week ago

What are the different possible states a transaction goes through once it’s been added against a Vendor?

Only successful transactions get added to a Vendor's balance. The accrued balance gets settled - status can be SUCCESS, FAILURE, IN PROGRESS
Naveen Borawar avatar
Written by Naveen Borawar
Updated over a week ago

How is the invoice presented to the merchant for the charges incurred for the payout?

Charges will be communicated by your account manager.It is debited from the merchant's balance in nodal account.
Naveen Borawar avatar
Written by Naveen Borawar
Updated over a week ago

Marketplace Settlements

Frequently asked questions related to Marketplace Settlements
Naveen Borawar avatar
Written by Naveen Borawar
Updated over a week ago

What is Transfers option under Vendor menu ?

Transaction is the payment that a customer may have done which was added to the Settlement account manually or via API.
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Written by Naveen Borawar
Updated over a week ago

Why should I consider Marketplace Settlement?

Marketplace Settlement takes away the pain of managing payments in a marketplace and helps you focus on growing your business
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Written by Naveen Borawar
Updated over a week ago

What features does Marketplace Settlement provide?

Settlement solution allows you to simplify all your marketplace payments
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Written by Naveen Borawar
Updated over a week ago

Which businesses use Marketplace Settlements?

Our solution makes running a marketplace convenient
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Written by Naveen Borawar
Updated over a week ago

How does Marketplace Settlement work?

Add vendor commission to settlement dashboard and we'll take care of all your vendor payments
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Written by Naveen Borawar
Updated over a week ago

What is Marketplace Settlement?

Marketplace settlement helps you split commissions with your vendors automatically after every purchase.
Naveen Borawar avatar
Written by Naveen Borawar
Updated over a week ago