Bagwaan offers the fastest payment/payout cycle without any hassle. We have ensured that the payments/payouts are done on all weekdays except for bank holidays. Once the order changes to the ‘Delivered’ status, the payment process will be initiated by Bagwaan and you can check the same under the Payments tab in your seller panel.
Example of How Payment / Payout to the seller will be Calculated:
| Payout Calculation | Example: Product Jeans |
| Selling Price | INR.1000 |
| (-) Fees / Commission | 10%*1000 = 100 |
| (-) Shipping charges | INR.40 |
| (-) Payment Gateway Charges | 2%*1000 = 20 |
| (-) If any penalty | 0 |
| (-) GST on total Charges | 28.80 [18%*(100+20+40)] |
| (-) TCS on total Charges | 9.22 [1%*(1000-(18%*100+20+40))] |
| (-) GST on total Charges | 6.92 [0.75%*(1000-(18%*100+20+40))] |
| Net Payout | INR. 797.06 [1000-(100+20+38+0+28.80+9.22+6.92)] |
*GST (18%), TCS (1%) [1%*(selling price – Applicable GST on products)] and TDS (0.75%) [0.75%*(selling price – Applicable GST on products)] – Check here
*Tax deducted at source (TDS) u/s 194-O mandates e-commerce companies to deduct TDS on sales of goods and services through their platform. This will be effective from 1 October 2020. The rate of TDS applicable will be 0.75% ( of the base selling price) from October 1 2020 to 31 March 2021 and will be 1% ( of the base selling price) post 31st March 2021. However, in cases wherein the PAN is unavailable or invalid, TDS at 5% will be applicable.
- Bank Holiday – If there is a bank holiday at the time of your payout, you will receive it within the next business day
- Account details – A recent change in your bank details might cause a delay in your payment. You can easily update your account details via the seller panel.