We release payments on weekly basis for all the delivered orders. However, you could also choose payment cycle from 7 days to 15 days or monthly if your business volume is low.
When you receive any order, you have 12 days to decide whether you want to entertain this order or not. If you fail to capture the order within 12 days, order is automatically cancelled and the cardholder is not charged in any way for the order amount.
Once you capture or partially capture the order, we charge the credit card holder for the captured amount and release the payment to you as per the mutually signed agreement.Generally, we release weekly payments on every Thursday and the payment for all your accepted orders till previous Friday would be released* (*subject to clearance from fraud detection team). However you may opt to change your payment cycle duration from 7 days to 15 days or monthly if your business volume is low.
We issue the bank cheques for your payments and you have an option to choose the way you want to receive these cheques. You may opt to receive it through courier or we may deposit the cheques in your bank ATM if your bank offers ATM cheque collection facility.