Payment Settlement
Abhishek
Last Update 10 maanden geleden
Settlement cycle
Sales are consolidated twice a month, on the 15th day and the last day of the month. All delivered orders are considered when calculating the payable amount, and applicable fees are deducted.Payment Schedule
Aiky Store recognizes the significance of efficient and transparent payment procedures for the brands collaborating with its platform. The payment schedule ensures that brands can receive their earnings within fifteen (15) days following the payment settlement date, enabling them to plan and manage their finances effectively. This prompt access to earnings helps brands forecast their cash flow and make informed decisions.
Taxes and compliance
Aiky Store operates in compliance with Indian regulatory requirements, ensuring that payments are made in accordance with Tax Deducted at Source (TDS), Goods and Services Tax (GST), and other applicable laws. This ensures that brands can operate within the legal framework and meet their tax obligations. Additionally, Aiky Store stays abreast of any regulatory changes to ensure that brands are always compliant.
Dashboard
Brands benefit from a user-friendly and comprehensive dashboard that provides historical and real-time insights into their payment cycles. This dashboard offers a holistic view of their financial transactions, enabling them to monitor their earnings conveniently. With this tool, brands can stay informed about their financial performance and make informed decisions.
Chargeable Fees
Aiky Store operates on a transparent fee structure, ensuring that brands have a clear understanding of the various charges associated with their earnings. The platform calculates the net amount due to each brand after deducting commission fees, processing fees, transaction fees, and promotional contributions. This approach ensures that brands are fully aware of the deductions and can accurately forecast their earnings.
Commission Invoice
Along with their payments, brands receive a detailed commission invoice that outlines the deductions made. This invoice serves as a valuable record, providing a clear breakdown of the total sale price, commission fee, transaction fee, processing fee, promotional contribution, and the net amount payable to the brand. Brands can use this invoice for accounting purposes and to track their earnings over time.
Payment Processing and Security
Aiky utilizes robust and secure payment processing systems to safeguard the integrity of financial transactions. Brands can trust that their earnings will be processed securely and reliably. Moreover, Aiky adheres to stringent industry-standard data protection protocols to protect sensitive financial information, ensuring the highest level of security. Aiky's commitment to security gives brands peace of mind knowing that their financial data is well-protected.
Dispute Resolution
In the event of disputes or concerns related to payments, Aiky offers a dedicated support team to assist brands. This team thoroughly investigates each case, promptly addressing disputes and striving for fair and impartial resolutions. Brands can trust Aiky to handle disputes professionally and work towards mutually beneficial outcomes.