Settlement thresholds and mode of payment #
Once a seller’s Available Balance reaches ₹5,000 or more, the seller becomes eligible for settlement under the normal payout cycle.
Upon becoming eligible, the relevant amount may be included in the next settlement run, following which settlement records and reports may be generated and the eligible amount may be transferred to the seller’s registered bank account.
Where the Available Balance is less than ₹5,000, the balance shall continue to remain available for settlement. If such balance remains below ₹5,000, the seller shall become eligible for payout after seven (7) days have elapsed from the date on which the amount became available for settlement.
This mechanism is intended to ensure that sellers with lower transaction volumes are also able to receive payouts on a predictable basis.
All settlements shall be made only through electronic transfer to the verified bank account registered in the seller profile.
LX INDIA does not make settlement payments in cash and reserves the right to reject, delay, or withhold transfers to unverified accounts, mismatched accounts, restricted accounts, or accounts that do not satisfy applicable verification requirements.
Where bank account information, KYC information, tax information, or other verification details are being updated, reviewed, or re-verified, settlement processing may be temporarily paused until the verification process has been completed.
