Flipkart charges a small amount for every successful sale transaction which is called the fixed fee. A successful sale transaction is an order which has been successfully delivered to the customer. In case a customer returns the order, this fee is still charged. However, no fee is charged in case of a courier return. Also, this fee varies based on the order item value irrespective of the category and seller tier.
To Calculate this fee the rate card is given below:
Since Calculations have to be done for each order to verify the fee charged by Flipkart, it becomes very tedious and time-consuming to calculate the fee for every order daily. This is why Cointab has made a system that makes this verification task easy. Cointab has a rate card of its own to make these calculations easier. This rate card is based on Flipkart’s rate card.
When the system receives the order data it allocates each order according to its price to the rate card and calculates the fixed fee for that order.
The system gathers the data like this for each order and reports the Fee charged by Flipkart, the correctly calculated fee, and then shows the difference as in how much Flipkart has overcharged the fixed fee for that particular order.
The system compiles all the individual data and gives this result.
• The system not only shows the total amount for each of these but also shows the total count which is the total number of orders under each charge and difference.