Weekly payment cycle

Partiban Periannan (Head of PSC)

With effect from 16 July 2018, Lazada has changed its marketplace payment cycle to weekly, from twice a month.

Key takeaways:

  • Each statement commences from Monday, ends on Sunday.
  • Payment would be received by sellers on the 5th business day from end of each statement. Non business days include Saturday, Sunday, Federal Territory and Public Holidays.
  • Once the remittance is made, Lazada’s paying bank would send an email to sellers notifying the payment.


How will you benefit from this?

  • Higher payouts frequency will ease up treasury and working capital managements.
  • More regular cash inflows helps to keep the business running smoothly.
  • You could scale up your business volume by replenishing stocks with higher turnover.

 

Example of weekly statement in Seller Center:

  • 23 to 29 July 2018
  • 30 July to 5 August 2018
  • 6 to 12 August 2018

Examples of statements and its corresponding payout dates :

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