📢 Important Policy Updates for Sellers on Buyon

  1. Per Order Received Charge: All sellers are required to pay a 15% charge for selling products on Buyon. This charge applies to each order amount.
  2. Payment of Charges to Buyon: Sellers have two methods to pay the charges:
    • A. Order Confirmation Charge: Buyon will levy a fee of 5% of the total order amount for confirming the first order from a customer.
    • B. Remaining Amount Charge: After receiving the order from the customer, Buyon will collect the remaining 10% from the seller, which will be charged on the total sales amount.
  3. Prepaid Order Charge: In the case of a prepaid order, Buyon will apply an additional 15% charge on the total order amount before confirming the order. The prepaid amount will be transferred to the vendor’s account two days after successful delivery.
  4. Pricing Flexibility: Sellers have the autonomy to adjust product prices according to their discretion. Whether it involves reducing prices to attract more customers or increasing prices for higher profit margins, sellers have the liberty to set their own prices within the Buyon platform.
  5. Collection of Remaining Amount: It is the seller’s responsibility to collect the remaining amount from the customer upon delivery. After deducting all charges, sellers must ensure that the customer pays the remaining amount in full.

Examples:

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  • Order Confirmation Charge Example: If the total order amount is ₹2000, Buyon will charge ₹100 (5% of ₹2000) to the customer for order confirmation.
  • Remaining Amount Charge Example: After receipt of the order from the customer, the remaining 10% will be collected from the seller. For instance, on a total sales amount of ₹2000, Buyon will collect ₹200 (10% of ₹2000) from the seller.
  • Prepaid Order Charge Example: If a customer opts for a prepaid order, Buyon will apply an additional 15% charge on the total order amount. The prepaid amount will be transferred to the seller’s account two days after successful delivery.

Note: Every seller is required to issue a sales bill to the customer for the remaining amount. For example, if the total order amount is ₹2000 and Buyon charges the customer ₹100 for order confirmation, the remaining balance of ₹1900 will be billed by the seller to the customer.

These policy updates aim to ensure transparency, smooth transactions, and fair practices for all sellers on Buyon.

Thank you for your cooperation and continued partnership with Buyon. If you have any queries or concerns regarding these updates, please feel free to contact our support team.

Best regards,
BUYON Team

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