Payment

Payout refers to the process of disbursing funds to sellers or vendors for products or services sold through the platform. Here's a breakdown of the operations related to payout: Adding Bank Details: This operation involves sellers providing their bank account information, such as account number and routing number, to receive payouts for their sales. This information is securely stored in the platform's database. Deleting Bank Details: Sellers may need to update or remove their bank account information for various reasons, such as changing banks or updating account details. The platform allows sellers to delete their existing bank details when needed. Retrieving Bank Details: Sellers can retrieve their stored bank details from the platform to review or verify the information. This ensures transparency and accuracy in the payout process. Updating Bank Details: Sellers have the option to update their bank account information if there are any changes or corrections required. This operation allows sellers to ensure that their payout information is up to date and accurate. Overall, payout operations facilitate the smooth transfer of funds from the platform to sellers, enabling them to receive payment for their sales efficiently and securely.

Seller payment mode refers to the specific payment methods accepted by a seller for processing transactions. These payment modes can include various options such as credit card payments, debit card payments, digital wallets, bank transfers, cash on delivery (COD), and other forms of electronic payments. Seller typically configure their payment systems to accept one or more payment modes based on their business needs and the preferences of their customers.