Withdrawal Policy

Introduction

Thank you for choosing Xquisite Mart as your preferred marketplace to sell your ecommerce products. This Withdrawal Request Policy outlines the procedures and guidelines for vendors to request withdrawals of their earnings from the platform.

ELIGIBILITY FOR WITHDRAWALS

To be eligible to request a withdrawal, vendors must meet the following criteria:

  1. Vendor Account Verification: Vendors must have a fully verified and active account onXquisite Mart.
  2. Order Completion: Vendors must have fulfilled all the orders with confirmed delivery to the customers and no on-going disputes or claims related to the completed orders.
  3. Compliance with Policies: Vendors must comply with all the terms and conditions, vendor policies, and guidelines set forth byXquisite Mart.
  4. Account Balance Threshold: Vendors can request a withdrawal once their available account balance reaches the minimum threshold set byXquisite Mart. The minimum threshold will be communicated to vendors and may vary based on factors such as the vendor’s sales volume and the marketplace’s financial policies.

Withdrawal Request Process

  1. Submission of Withdrawal Request: Vendors can submit a withdrawal request by logging into theirXquisite Mart vendor account and accessing the “Withdrawals” section. They should provide accurate and up-to-date bank account or payment method details for the funds to be transferred.
  2. Processing Time: Xquisite Martwill review withdrawal requests promptly and endeavour to process them within [number of business days] from the date of submission. However, processing times may vary depending on external factors such as banking procedures or holidays.
  3. Payment Methods: Xquisite Martsupports various payment methods, including bank transfers, Micro-Finance Banks, or other approved payment gateways. Vendors are responsible for any transaction fees associated with the chosen payment method.
  4. Tax Withholding: Vendors are responsible for complying with any tax regulations applicable to their earnings.Xquisite Mart may be required to withhold taxes based on applicable laws, and vendors should consult with their tax advisors for guidance.

Disputes and Holds

  1. Disputes and Returns: If any disputes or product returns arise after a withdrawal request has been initiated,Xquisite Mart reserves the right to place a temporary hold on the withdrawal until the issue is resolved.
  2. Account Review: Xquisite Martmay conduct periodic reviews of vendor accounts to ensure compliance with marketplace policies. If any suspicious or fraudulent activities are detected, the withdrawal request may be delayed or declined, and further actions, including account suspension or termination, may be taken.

Updates to the Policy

Xquisite Mart reserves the right to update or modify this Withdrawal Request Policy at any time. Vendors will be notified of any changes, and the revised policy will be posted on the Xquisite Mart website.

By continuing to use Xquisite Mart as a vendor, you acknowledge and agree to abide by this Withdrawal Request Policy.

For any questions or assistance related to withdrawal requests or any other matters, vendors may contact our support team at info@xquisitemart.com .

Thank you for being a valued vendor on Xquisite Mart.