Why KYC Is Important?
KYC stands for "Know Your Customer" โ It's a standard verification process used to confirm the identity of individuals or businesses before placing orders and activating financial features like wallet usage with vFulfill.
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Since vFulfill will receive and collect payments for your COD orders, itโs essential for us to verify your identity so we can track transactions and make timely payments to your vFulfill wallet. ๐ฐ So, kindly ensure all details are filled in correctly.
๐ Documents Youโll Need to Submit KYC
To make your KYC process quick and hassle-free, keep all the required documents handy before you begin.
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The documents you need will depend on whether youโre registering as:
๐ How to Submit the KYC Form
Weโve kept the KYC submission process simple and straightforward. You can choose to:
Let our system verify your documents automatically, or
Opt for manual verification by our team ๐ก๏ธ โ whichever works best for you.
To make it even easier, weโve created short, step-by-step videos to guide you based on your account type:
A) For Automatic Verification
B) For Manual Verification
๐ What Happens After You Submit Your KYC?
Once you've submitted your KYC form and documents, here's what happens next:
โ Automatic Verification: Our system reviews and verifies your documents within a few minutes โฑ๏ธ.
๐ฅ Manual Verification: Our team will carefully review your documents ๐ง. This can take up to 3โ5 business days โณ.
If thereโs an issue (e.g., unclear or pending documents), weโll notify you with instructions on what to correct โ๏ธ.
โ What to Do if Your KYC Is Rejected?
In rare cases where your KYC is rejected, weโll display the exact rejection reason on your vFulfill account's home page under Complete Your Profile section.
To resubmit:
๐ง Review the rejection reason.
โ๏ธ Correct any issues with your information or documents.
๐ป Re-upload the updated documents from the KYC section on your vFulfill account.
โ Submit again for verification.
๐ฐ How GST and Non-GST account types affect your Wallet Transactions
The way charges like fulfillment fees, forward shipping, convenience fees, and other deductions are applied can differ depending on whether you're operating as a GST-registered partner or not.
๐ก Note: The above example is based on the following details:
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โข Premium Air - Zone D for 500g
โข EarthQuaker Plan
โข Order Value: โน1,999/- (Taxable Value โน1,694.06, GST@18%)
โข Payment Gateway Fee: 3% of order value
๐ผ Example Comparison: Delivered COD Order โ GST vs Non-GST Wallet Deductions
Sr. No. | Transaction Head | Non-GST Account | GST Account (Point 1-4 GST Inclusive) |
1๏ธโฃ | Fulfillment Fees | โน -20.00 | โน -23.60 |
2๏ธโฃ | Forward Shipping | โน -56.00 | โน -66.08 |
3๏ธโฃ | Convenience Fees | โน -59.97 | โน -70.76 |
4๏ธโฃ | COD Fees | โน -35.00 | โน -41.30 |
5๏ธโฃ | Tax Management Fee | โน -25.00 | โน 0 |
6๏ธโฃ | Order GST | โน -304.93 | โน 0 |
7๏ธโฃ | COD Remittance | โน 1,999.00 | โน 1,999.00 |
| Net Amount Received | โน 1,498.10 | โน 1,797.26 |
๐ Now Youโre All Set to Go!
We hope this article made your KYC process a breeze! ๐ If you have any questions or face any issues, donโt hesitate to reach out to our support team. Weโre always here to help. ๐
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