- Margin is also called as ‘profit amount’ or a ‘commission’
- We need to add the margin before pushing the product to the Shopify
- Saturday to Friday is our margin cycle
- Any order which gets delivered between Saturday to Friday, we process the margin on the following Friday
- Margin reflects under the name O(1) India Private Limited.
- If any order is delivered between the 2nd of December – 8th of December then the margin will be processed on 15th of December.
- The margin gets credited into the bank account which was provided under the ‘clout profile page’.
- Please note that the dropshipper needs to update the bank details for any banks other than e-wallets and Paytm, such as SBI or HDFC.
Daily Remittance:
- The Daily Remittance cycle will run from Saturday to Friday
- The payment amount should be at least Rs. 5001 (80% of the daily processing amount)
- In our daily remittance summary sheet, the hold amount will be displayed in the negative and the amount that was placed on un-hold will be reported in the positive
- FAD stands for First Attempt Delivery
- We should email the Category Manager for approval if any new dropshipper requests to be included in our daily remittance procedure. Upon approval, the Finance Dept will include the dropshipper in their daily report.
Question and Answer
Q – What is the Daily Remittance cycle?
A – Saturday to Friday.
Q – What is the Daily Remittance’s total payable amount?
A – Rs. 5001 and more.
Q – If any dropshipper desires to sign up for the Daily Remittance process, who approves the request?
A – Category Manager.
Q – What does FAD stand for?
A – First Attempt Delivery.
Payment Sheet Headings and Explanation
| Headings | Explanation |
| CummDeliveredPayable | The orders that were delivered during the last four to five days are shown below with their respective amounts. |
| OutstandingBalanceAsOnFridayEOD | Last Friday, the weekly negative payment was adjusted. It gets carried out on Mondays and Fridays. |
| CummAdvanceAlreadyPaid | Payment for the previous day was already made. |
| ProvisionAmount | OFD orders or open orders |
| AdvancePaid | Same day credited amount |