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Ready Pattern Seller Blog

Seller Wallet Ready Pattern & Transfer to Bank Option

by Elettra Francis

April 24, 2020 15:21 label 3 minutes read label Leave a comment

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The Seller Wallet is a table with final contents of the payments which the seller is liable to be paid as well as the payments made to the seller. The TDS documents can also be downloaded from this page its self, next to each credit transaction while being transferred to the bank account. The wallet will also have the download summary of the bills whith a PDF link for each of them.

There are 2 types of transaction in Seller Wallet: Debit Transactions and Credit Transactions.

All Debit transactions are always transfers from My Ledgers to the waller every 15 daysl. Therefore there will be only 2 debit transactions per month or 24 debit transactions per year. The transactions contain a summary of past days sucessfullt fullfilled orders which are now liable to be paid off by Ready Pattern to the seller. These transactions are a conversion from Purchase Order to Purchase Bill. A purchase bill is an actual bill, a purchase order is an order note. This very debit transaction, converts all the purchase orders to purchase bills.

Transfer to Bank button initialises the transfer to the bank for the entire balance amount available.

All Credit transactions are always initiated by the seller. When the seller clicks on the Transfer to Bank option, the balance payment in his wallet is initiated to be transfered to his bank account. This transaction is irriversible and will only initiate if there is a minium balance of USD $50. A minimum balance is kept as Ready Pattern does not charge any fees for transfer to the bank so a minimum threshold is required to avoid unnecessary charges. When the button is clicked, the amount transfered get a credi post in the table which is visible along with the links to download the purchase bill and TDS documents.

The purchase bill will consist of a siummary of all the opurchase orders which were the ledger entries of past 15 days. The TDS documents will be available for download 30 days later as the documents arrive later.

About the author

Elettra Francis

Elettra is the host of the Ready Pattern Seller Central Blog, the design selling platform interface for ambitious surface designers to showcase their prints to global brands. Got something to share with Ready Pattern Seller Masters? You can submit your story for consideration.

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