Early settlement facility #
LX INDIA may, at its discretion, provide sellers with an optional Early Settlement Facility to enable eligible earnings to be settled before the standard settlement cycle. The purpose of this facility is to provide additional flexibility to sellers who may require earlier access to eligible funds while ensuring that appropriate financial and operational controls continue to be maintained.
Early Settlement shall be available only after the applicable return, replacement, refund, dispute, and review periods have expired and the relevant amount has become part of the Seller’s Available Balance. Amounts that remain subject to returns, disputes, chargebacks, investigations, or other restrictions shall not be eligible for Early Settlement.
A Seller may request Early Settlement only where the Available Balance exceeds ₹500 at the time of the request. Where the Available Balance is ₹500 or less, the Early Settlement Facility shall not be available and the funds shall continue through the normal settlement cycle.
Where an eligible seller requests Early Settlement, LX INDIA may deduct an Early Settlement service fee equal to three percent (3%) of the amount being settled. Following deduction of the applicable fee, the remaining balance shall be processed for settlement and transferred to the Seller’s verified bank account in accordance with the applicable settlement procedures. The applicable deduction, settlement entry, and resulting payout shall be reflected in the Seller Dashboard, settlement ledger, or related records.
The Early Settlement Facility is entirely optional. Sellers who do not request Early Settlement shall continue to receive payouts in accordance with the standard settlement rules set out in this Policy. By requesting Early Settlement, the Seller acknowledges and agrees to the applicable service fee and authorises LX INDIA to deduct the same from the amount being settled.
