Say It With A Gift From Honey Candy
Payment Cycle
As a Aaksha.in seller, we prioritise prompt payments. Your payments are released after the expiry date of the return of the product is completed, we ensure a fast turnaround time.
Our payment cycle initiates when your product’s return/replacement period is completed, and you can expect to receive your payment in as fast as 7* days. Payments are securely transferred directly to your registered bank account, with our commission fees, statutory compliance fees (like TCS) deducted accordingly
Fee Type
Our rate card aims to make doing business with Aaksha.in cost-effective for you while simultaneously boosting your business. It is designed to be straightforward, easy to understand, and highly competitive. At Aaksha.in, the commission fees is fixed as 7.5% + GST, irrespective of the type of category or value of the product. Commission Fee is calculated on the sale value displayed in the product page. After deducting Commission fee (incl. GST), the balance amount will the available for deducting Statutory fees.
Apart from Commission Fees, we deduct statutory fees like GST-TCS for comply with the laws in India. The Statutory Fees will be deducted in the sale value. And the balance amount will be remitted to seller as per Payment Cycle.
How to calculate your gross margin?
To calculate your gross margin for each sale, you can follow these indicative steps:
Total Aaksha.in fees deducted = Commission Fee + GST-TCS
Gross Margin = Selling Price of Product – Total Aaksha.in Fees deducted
Let’s understand with an example
Your Selling Price of the Product is Rs. 100 (incl. GST) (selling price).
Step 1:
Calculate Commission Fees
- Apply the percentage relevant to the product. Given that the selling price here is ₹100, a 7.5% commission fee will be applicable.
- 7.5% x ₹100 = ₹7.5
Step 2:
Calculate Statutory fees
- The Statutory fees of GST-TCS is 1% on the selling price.
- 1% x ₹100 = ₹1
Step 3:
Total Aaksha.in fees
- ₹7.5 + ₹1 = ₹8.5
Step 4:
Calculate gross margin
- Selling price = ₹100
- Aaksha.in Fees = ₹8.5
- Gross Margin = ₹100 – ₹8.5 = ₹91.5