Seller’s payment calculation is done on order wise selling price. For example, below is a calculation for selling price INR 1000.00.
SAMPLE PAYMENT CALCULATION | |||
Selling Price (SP) |
1000 |
Charges will be deducted from SP |
Amount transferred to seller after all deductions = 1000-200-29-70 = 701 |
Voonik Marketing Charge |
20% on SP |
200 |
|
Service Tax on Marketing Charge |
14.5% on Marketing charge |
29 |
|
Shipping charge |
70.00 (To be deducted from SP) |
70 |
|
Post each payment cycle, Voonik shares an order wise payment statement and a commission invoice to the sellers within 24 to 48 hours payment dispatched.