How does store settlement work?

It proceeds twice a month based on the purchase confirmation date.

1) Settlement Schedule

• Settlement occurs twice a month. We calculate settlement funds for purchases confirmed or canceled after confirmation within the period.
  • 1st round: 1st to 15th of each month
  • 2nd round: 16th to end of each month
• Based on the 15th and last day of each month
  • +4 business days to issue a tax invoice
  • and within +7 business days we will deposit the settlement amount. The settlement statement will be sent via email.

※ Settlement is based on the purchase confirmation date, not the purchase date.

• If the final settlement amount for that round is negative, it may be reflected as a receivable in the next settlement and deducted.
• We provide settlement funds for purchases confirmed in each round, and revenue is generated based on the confirmed purchase amount.

2) Settlement Information

• Settlement funds are paid per business operator, not per project.
  • When multiple projects are operated by the same business operator, settlement funds are deposited into one account.
  • If there are projects with the same business registration number but different settlement information, all will be changed to match the settlement information most recently modified.
    
    
• Changes to the settlement account must be requested to the customer center within 2 business days before the end of each round, and cannot be changed after that.
  • For changes to the settlement account of a store project, please submit a request through Wadiz Help Center Inquiry Registration with the following information, and we will review and respond.
    • Project Number
    • Maker Name
    • Current Account Information (Bank Name, Account Number, Account Holder Name)
    • Desired Account Information (Bank Name, Account Number, Account Holder Name)
    • Business Registration Certificate
    • Bankbook Copy of the Account to be Changed
  • You can check the modified information in the Store Maker Studio [Representative/Settlement Information].

3) Revenue Reporting

• For store services subject to the E-Commerce Act, 'Sales Agency Data' is submitted and should be reported as 'Other Revenue'.
• For detailed guidance on revenue reporting, please refer to the guide below.
  ▶ How are VAT reporting or tax invoice issuance handled for store projects?