Best Practices in eCommerce Payment Reconciliation

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Best Practices in eCommerce Payment Reconciliation The biggest task for the finance and accounting teams (F&A teams) of any company is payment reconciliation specially eCommerce sector. As more and more companies are moving to become direct to consumers (D2C) and adopting an omnichannel approach, payment reconciliation is becoming more challenging. It is now necessary for […]

How does Amazon’s seller payments system work – from order to money in the bank

When it comes to payments from marketplaces to Third-Party Sellers there are a few terms that can help understand the seller payment system with most marketplaces such as Amazon, Flipkart, Snapdeal, and Paytm. To reduce confusion in minor differences this is with respect to Amazon’s seller payments system. What are payment ‘Settlements’ First up this […]

Best Practices for Ecommerce Payment Reconciliation

While a huge proportion of the sellers trust marketplace payment practises to compensate them for the sale of the product, not many have an effective mechanism in place to check the glitches in the marketplace’s payment system. Typically, orders through a marketplace such as Flipkart or Amazon may reach the seller in the order of […]