Withdrawal Methods:
-
PayPal: Vendors can choose to withdraw their earnings through PayPal, a widely accepted and convenient payment method.
-
Bank Transfer: Vendors also have the option to withdraw funds via bank transfer, offering a direct deposit to their bank accounts.
Minimum Withdrawal Limit:
The minimum withdrawal limit for vendors is set at $10. This ensures that vendors can request withdrawals once they’ve accumulated a minimum balance of $10, reducing transaction fees and streamlining the withdrawal process.
Order Status for Withdrawal Requests:
Vendors can make withdrawal requests when their orders reach the following status:
- Delivered: Vendors have the option to initiate withdrawal requests after their orders are marked as “Delivered.” This signifies that the products have been successfully shipped or provided to the buyers.
Time Frame for Withdrawal Requests:
Vendors can request withdrawals 3 days after the delivery date of the order. This provides a reasonable window for buyers to inspect the product, confirm its condition, and address any potential issues. After this 3-day period, vendors can access their earnings.
These withdrawal policies ensure that vendors can access their funds once they’ve met the minimum threshold and when their orders are considered successfully delivered, while allowing a brief grace period for any post-delivery concerns to be addressed. Make sure to clearly communicate these policies to your vendors to ensure a smooth withdrawal process.