Withdrawal Policy for Sellers from E-commerce Marketplace:

Introduction:

This withdrawal policy outlines the terms and conditions for vendors to withdraw funds from their accounts on the Aiksow marketplace. By becoming a vendor, you agree to comply with this policy.

Earnings and Payment Schedule:

  1. Vendors will accrue earnings based on successful sales and transactions on the Aiksow marketplace.

  2. Earnings are typically held in the vendor’s account until a minimum payout threshold is reached, as determined by the marketplace.
  3. A payment schedule will be established, specifying the frequency of payouts, such as weekly, bi-weekly, or monthly.

Withdrawal Methods:

  1. Aiksow offers multiple withdrawal methods for vendors to
    receive their earnings, such as direct bank transfer, Jazz Cash, or other
    designated payment processors.

  2. Vendors must select a preferred withdrawal method and
    provide the necessary account details or credentials to facilitate the transfer
    of funds.

Payout Processing Time:

  1. Once a vendor initiates a withdrawal request, the processing time may vary depending on the chosen withdrawal method and any additional verification processes.

  2. The typical processing time for withdrawals is between 2 to 5 business days, excluding weekends and holidays.

  3. Delays may occur due to factors such as bank processing times or unforeseen circumstances. Vendors will be notified promptly in case of any significant delays.

Withdrawal Fees:

  1. We may charge nominal withdrawal fees or transaction fees for processing payouts. The applicable fees will be communicated to vendors.

  2. Vendors are responsible for reviewing and understanding the fee structure associated with their chosen withdrawal method.

Tax Obligations:

  1. Vendors are solely responsible for fulfilling any tax obligations related to their earnings from the Aiksow marketplace.

  2. Vendors should consult with tax professionals to determine the applicable tax laws and regulations in their jurisdiction.

Account Suspension or Termination:

  1. In the event of account suspension or termination due to violation of Aiksow policies or breach of terms, vendors may have restrictions or delays in withdrawing their earnings.
  2. Aiksow reserves the right to withhold or forfeit earnings if fraudulent activity, unauthorized actions, or violations of our policies are detected.

Communication and Support:

  1. Vendors can contact our support team for any inquiries or issues related to withdrawals.

  2. We will provide timely assistance and address concerns regarding the withdrawal process.

Policy Updates:

We reserve the right to update or modify this withdrawal policy as needed. Any changes will be posted on our website and communicated to vendors.

Vendors should carefully review and understand this withdrawal policy to ensure compliance and a smooth earnings withdrawal process. It’s important to adapt the policy to fit the specific needs and requirements of your e-commerce marketplace. Consulting with legal professionals and financial advisors will help ensure compliance with applicable laws and regulations.