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Marketplace Settlements
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
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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.....
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........
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.....
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
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.
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.
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.
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
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.
Written by
Naveen Borawar
Updated over a week ago
Marketplace Settlements
Frequently asked questions related to Marketplace Settlements
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.
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
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
Written by
Naveen Borawar
Updated over a week ago
Which businesses use Marketplace Settlements?
Our solution makes running a marketplace convenient
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
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.
Written by
Naveen Borawar
Updated over a week ago