Payment schedules & fees
The seller's sales order will not receive payment until it is in the Completed status.
About Completed status:
1. After the buyer clicks Confirm Receipt on the order page. So we recommend that the seller notify the buyer to click Confirm Receipt after completing the transaction.
2. If the buyer does not Confirm Receipt of order 3 days(Except Account, Account is 14 days) after full delivery has been made.
IMPORTANT NOTES:
1) Sellers must be verified to withdraw payment.
2) Actual amount received may vary after receiver payment fee is charged by payment gateway (if applicable)
3) Your local banks might impose intermediary bank fees and extra charges when receiving payments from your end. Check with your respective bank on the intermediary cost before withdrawing.
4) Before submitting our relevant account information, please be sure to carefully check whether the information filled in is correct. U7BUY will not be responsible for any loss of funds caused by incorrect information submitted.
5) The withdrawal currency can be different from the currency of the seller's account balance, but it is worth noting that in this case, U7BUY will charge a 2.5% currency exchange fee.
6) After submitting the relevant withdrawal application, we will quickly review the withdrawal. After we pass the review, we will start preparing to transfer funds to the user's account until the transfer is completed. The user cannot change the withdrawal method and receiving address.
7) The seller can initiate a withdrawal application at any time, and U7BUY will complete the payment within 2-4 working days after the withdrawal application is submitted, except for special circumstances such as incorrect address or bank holidays.
8) The handling fee of the payee is subject to the actual situation of the withdrawal account, and some handling fees charged by the beneficiary Account are not included.
9) Cut-off time: Monday - Sunday 9:00 (+8 GMT)
All the requests out of the cut-off time will be handling the next working day.
Payout time: Monday - Saturday 10-17:00 (+8 GMT)