Payment Methods
PAYMENT CYCLE
1. Seller Proceeds shall be remitted to the Seller subject to deductions and withholding under the Agreement on the following basis:
| Product(s) delivered to Buyer between | Mutually Agreed Date of intimation of completion of transaction between Seller and the Buyer | Payment Date |
|---|---|---|
| 1st to 7th Day of every month | 17th Day of every month | 17th Day of every month |
| 8th to 15th Day of every month | 25th Day of every month | 25th Day of every month |
| 16th to 23rd Day of every month | 3rd Day of next month | 3rd Day of next month |
| 24th to end of every month | 11th Day of next month | 11th Day of next month |
Seller shall be liable or responsible for bank charges or other costs incurred on account of incomplete or inaccurate information provided by You with respect to your Designated Account.
* To start the payment cycle, all new Sellers registered has to go through the process of getting the first three ordered products accepted and delivered to buyers.