Pricing and Payments
As a seller, you will set the price of your products.
The following deductions are made from the order item value:
Commission fee: A percentage of the order item value vary based on vertical/sub-category
Shipping fee (calculated on the basis of the product weight, shipping location and )
Collection fee: This will vary based on order item value and customer payment mode (Prepaid/Cash on Delivery)
Fixed fee: A slab wise Fixed fee. This vary based on Order item value
GST (applicable on all of the above components)
Commission fee is a certain percentage of the order item value of your product. It differs across categories and vertical/sub-categories.
Here’s an easy example, which illustrates a sample the above calculation:
|Selling Price (decided by you)||1500|
Commission Fee (varies across sub-categories/verticals)
|150 ( assuming 10% )|
Shipping Fee (Local shipping , weight 500 grams)
Collection Fee ( 2 % on the Order item value)
|Total Marketplace Fee||255|
GST ( 18% on Marketplace fee deduction)
|Settlement Value (Amount credited to you)||1199.91|
All payments are made through NEFT transactions (online banking). The payment is made directly to your bank account within the next 7-15 business days from the date of order dispatch. It's 7 business days for Gold Sellers, 10 business days for Silver Sellers and 15 business days for Bronze sellers.