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Question Title How Sellers get paid?

Buy n Sell (India).com pay sellers as per the Safe-Pay policy guidelines. Payments are transferred only for the items which are Sold, delivered successfully and meets the following requirements:

1. Buyer has Marked the item as received

2. Buyer has not reported the item as Goods Not As Described (GNAD).

  • If buyer marks item as received from the "Won" Section of Buy n Sell (India).com account, payment will be remitted to seller in next remittance cycle.
  • If buyer doesn't mark item as received even after receiving, payment will be processed on 11th day from the item ship date as per Remittance Cycle policy.
For further information, kindly refer the Remittance Cycle policy.

Buy n Sell (India).com will deduct all associated fees* in advance before remitting payment for the item sold.

*Fee types: Insertion fee, Add on feature fee, Final Sales Fee (FSF), Payment Processing fee or any other fees (if applicable)

Online & Offline Processing Fee

All payments made through Times Of Money (Online) will attract 4.50% (Including Service Tax) payment gateway charges of Total Sales Value (Including shipping charges).
All payments made through Cheque/DD (Offline) to Buy n Sell (India).com account will attract 1% surcharge of Total Sales Value (Including shipping charges).

Failure to Ship / deliver product :


 4.50% (Including Service Tax) Times Of Money Refund fees will be charged on Seller's Account if buyer pays Online.

1% Offline payment processing fees will be charged on Seller's Account if buyer pays Offline.


Remittance Calculation


 If item is listed in Mobiles Category and sold for INR.1000.00/- :

Listing Fee -------------                                                               1.00 INR

Bold Item Fee ----------                                                             3.00 INR

Final Sales Fee (1%) ------                                                      10.00 INR

Safe-Pay processing fees (4.50%) (Including Service Tax) -----       45.00 INR

Total fee amount -----                                                            59.00 INR

Total Remittance Amount :                  (1000 – 59.00) ----      941.00 INR

Total payout in the above example will be                         941.00 INR

The item fees already deducted in seller payouts will not be added to the monthly invoice.

Authored by: Admin This question has been viewed 1310 times so far.
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Article Number: 76
Created: 2010-04-11 7:41 AM
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