General FAQs

What is Marketplace Settlement?
Marketplace settlement helps you split commissions with your vendors automatically after every purchase. Marketplace Settlement allows you to split vend...
Mon, 22 Jun, 2020 at 2:37 PM
How does Marketplace Settlement work?
Add vendor commission to settlement dashboard and we'll take care of all your vendor payments What is Marketplace Settlement? Step 1: Customer Pl...
Mon, 22 Jun, 2020 at 2:42 PM
What features does Marketplace Settlement provide?
Settlement solution allows you to simplify all your marketplace payments What is Marketplace Settlement? How does Marketplace Settlement work? Some...
Mon, 22 Jun, 2020 at 2:49 PM
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 Simplify Businesses Paymen...
Mon, 22 Jun, 2020 at 2:57 PM
Handling PG Refunds in Marketplace
How are vendors affected by refund on an order for which they have received a payout Refunds are a feature on PG that allows you to return funds back to...
Mon, 22 Jun, 2020 at 3:00 PM
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 the vendor's bank account..... ZE...
Mon, 22 Jun, 2020 at 3:01 PM
How many settlements do vendors receive per day?
One. Settlement of all the unsettled transactions are grouped together and sent as a single payout One. Settlement of all the unsettled transactions are...
Mon, 22 Jun, 2020 at 3:02 PM
How do refunds get handled?
The refunded amount gets adjusted during the next settlement. It will be deducted from the commission amount of vendors who received the settlement Refu...
Mon, 22 Jun, 2020 at 3:04 PM
How many vendors can receive commissions from a single transaction?
Up to 5 vendors can receive settlements on a single payment by users. Contact sales for more details
Mon, 22 Jun, 2020 at 3:04 PM
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. The documentation for the APIs is available here.  ...
Mon, 22 Jun, 2020 at 3:06 PM