The Basics
Simply, how does getting paid work with Sellar Credit?
Sellar will send you a payment (via Ryft) every Wednesday. Funds will be with you by midday.
This will contain money owed for the orders placed with Sellar Credit from the week before (Saturday through Friday).
This value will be for all successfully dispatched orders minus any Credit Notes and our fees for Sellar Credit. Only orders marked as dispatched in Sellar will be paid out.
You do not need to issue an invoice to Sellar to get paid. We provide all the paperwork via a self-billing arrangement.
We become the source of truth for all Sellar Credit Invoices and Credit Notes. Through the Sellar app you can get:
Invoices (one per order)
Credit Notes
Bills for Sellar Credit fees
Why Weekly?
We have opted to pay you weekly for all dispatched orders using Ryft. But why?
A week is short enough to ensure that funds reach you swiftly after orders dispatching keeping accounting overhead low.
What happens on Payout day?
What magic happens on the day of payout from Sellar Credit?
Payouts will be with you by midday at the latest on Wednesday for all orders dispatched by Midnight on Friday. From the previous week.
Orders must be marked as dispatched in Sellar to ensure to ensure payment.
All orders in Sellar will be marked as paid when the payment run is complete.
Find out how payouts work with your integrations here.
Example of a Payout
What would a typical payout look like?
These orders were all placed in the period Saturday 5th April - Friday 11th April. Meaning the payout date is Wednesday 16th April if they are dispatched within that week:
Order | Order Date | Value | Dispatch Date | Payment Date |
A | Monday (07/03) | £200 | Tuesday (08/03) | Wednesday (16/03) |
B | Tuesday (08/03) | £300 | Tuesday (08/03) | Wednesday (16/03) |
C | Thursday (10/03) | £250 | Thursday(10/03) | Wednesday (16/03) |
D | Monday (07/03) | £200 | Saturday (12/03) | Wednesday (23/03) |
Sellar will pay out for Customers A, B and C on Wednesday as they were dispatched by the Friday. As Customer D's order was dispatched after, although it was placed within the week, it will be in the following payout.
Here's what to expect if you have an issue with an order and raise a Credit Note. Unlike orders, credit notes are included in a payout as soon as they are raised.
Order | Order Date | Value | Dispatch Date | Payment Date |
A | Monday (07/03) | £200 | Thursday (10/03) | Wednesday (16/03) |
B | Tuesday (08/03) | £300 | Thursday (10/03) | Wednesday (16/03) |
C | Saturday (05/03) | £250 | Thursday (10/03) | Wednesday (16/03) |
D | Thursday (10/03) | -£200 | N/A | Wednesday (16/03) |
As the credit was raised within the week it will come off the total payout from Customer's A, B and C on that Wednesday.