Advance Payment OZON Shop’s Flexibility Payment Guide
OZON Shop's Flexibility Payment Guide - Advance Payment
When doing cross-border e-commerce, besides understanding whether the platform is good or not, the next most important thing is about the platform’s payment issues, after all, this is closely related to one’s wallet (profits).
Compared to OZON’s cross-border store, the payment methods for local stores are more flexible. In addition to the regular monthly payment on the 15th and 25th of each month, local sellers can also choose the flexible payment method, which means that revenue can be withdrawn every day. However, this flexible payment method will incur certain fees.
However, flexible payment is not something you can open at will. OZON platform will evaluate the store’s daily situation before determining whether to allow the store to open the flexible payment method. The following conditions must be met:
Requirements for opening flexible payment
- Is OZON a good platform for making sales? How can beginners get started? What are the things to pay attention to?
- Active buyers increase by nearly one-third! Ozon announces multiple impressive achievements in Q1!
- The largest increase in the number of sellers on Ozon was in the first quarter of 2021! Wildberries is the most popular!
– Resident of the Russian Federation
– Have a main account with a Russian bank
– Operate on OZON for more than three months according to the commission agreement
– No valid implementation contracts, agents, and other agreements
– Rarely receive buyer refunds
– Have stable business – OZON will check according to many standards, but specific requirements are not disclosed to the public
****How to activate flexible payment****
– In the seller’s background personal center, click on “Finance-Balance”
– Check the available payment amount and fees for the service agreement
– If the conditions are met, the service can be activated
In the seller’s background personal center, open “Settings-Contracts”, check the service agreement, and activate the flexible payment service. If the conditions are met, the service can be activated.
In the seller’s background personal center, click to go to Finance → Flexible Payment Plan, and a page will be opened to describe the common problems about the Flexible Payment Plan in detail. If you agree to these terms, click on the link service. If the conditions are met, the service can be activated.
How to view detailed information of flexible payments
In the personal center background, click to view Finance-Flexible Payment page, where you can see:
· Flexible payment date and amount
· Current balance
· Withdrawal status:
– Pending payment – the payment will be received within 1-2 working days
– Payment made – the bank has confirmed the payment and the funds have been transferred to the account
– Refund – the payment has been refunded to the individual account balance, which is mostly due to incorrect information being filled out
– Rejected – unable to transfer funds, this is mostly due to incorrect information being filled out
If you need to view information for a specific time period, you can manually filter the time period.
Even if the Flexible Payment Plan has been activated, it is still possible that the platform payment cannot be received. The reasons for this are summarized as follows:
– The store did not have sales yesterday
– The information has not been changed according to the platform prompts, so the platform cannot make payments
– The platform judges that the store sales are unstable and forces a change in the return method
The normal working state of the Flexible Payment Plan is to pay the sales amount one day before payment. If the sales are generated from Friday to Sunday, the settlement transfer will be made until the following Monday.
Like what you're reading? Subscribe to our top stories.
- Is OZON in Russia suitable for beginners? What are the pitfalls to avoid?
- Considerations for Creating OZON Product Detail Page (JSON)
- As a beginner seller on Ozon, you need to know these operational skills
- OZON’s interest-free installment payment helps increase sales by more than 30%
- 2023 Russian local e-commerce platform Ozon’s detailed process for opening a store and settling in, explained
- How to open a store on OZON? What documents are required and what are the advantages of entering?
- New product traffic golden period, how do sellers use evaluations to do well on OZON?