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.