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How Seller Settlements Work in Spurtcommerce

Spurtcommerce simplifies the seller settlement process, ensuring smooth and transparent payments. Once an order is placed, the admin manages settlements in a structured manner, whether for COD or prepaid orders.

 

Key Features of Seller Settlements in Spurtcommerce:

 

  • Order-Based Payment Tracking: Admin can track all sales under the "Sales" section.
  • COD Payment Update: For Cash on Delivery (COD) orders, the admin manually updates the payment once received.
  • Settlement Management: Under "Manage Settlements," the admin selects the orders to be settled.
  • Creating Settlements: Admin assigns a reference name to each settlement batch for easy tracking.
  • Seller Dashboard Visibility: Once settled, sellers can view the updated status under their "Payments" section.
  • Efficient Payout Process: Ensures sellers receive payments in a timely and structured manner.

This streamlined process enhances financial clarity and trust between the platform and sellers, making Spurtcommerce an efficient marketplace solution.