10 March 2022, Mumbai:
Meesho will bring down the payout cycle for sellers from 15 days to seven, the social commerce platform said on Tuesday.
The company also said that it won’t charge sellers for order cancellations - either by self or automatic ones.
ALSO READ: Meesho eyes at going for IPO
Payouts are payments made by an e-commerce marketplace to sellers after the sale happens on the platform.
The industry standard is 15 days. Meesho said it was the first company to offer a seven-day payment cycle.
RELATED ARTICLE Meesho digitized 4 lakh vendors
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CREDITS: ET.
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