Unraveling the Mystery of Roanoke Colony: What Really Happened?
FAQ's on change in Payment Tier
1. FAQ - Changes in Payment Tier
23. When does a seller move from Tier 2 to Tier 1?
When a tier 2 seller fulfils all the following conditions, S/he moves to tier 1:
● Must have been on Flipkart Marketplace for at least one month
● Must have at least 30 successful transactions
● Must have a settlement defect rate of less than 5%
24. When does a seller move from Tier 1 to Tier 2?
When the settlement defect rate exceeds 5%, a tier 1 seller slides back to tier 2.
25. What is the impact when a seller moves from one tier to another ?
Different tiers have different settlement terms.
● The payment settlement for a tier1 seller is : dispatch date + 5 business days.
● The payment settlement for a tier2 seller is : dispatch date + 10 business days
26. How does a seller return to tier 1 from tier 2?
A seller who has moved to tier 2 from tier 1 can return to tier 1 by bringing his
settlement defect rate to less than 5% consistently for a month.
