payments

How do seller payouts work on Gloseg?

Gloseg Seller Payout System Understand how and when you receive payment for your sales on Gloseg. Payout Timeline Order Placed: Buyer pays, funds held in escrow You Ship: Update order with tracking number Buyer Confirms: Buyer clicks "Confirm Delivery" (or auto-release after 14 days) Escrow Released: Funds move to your Gloseg balance (minus commission) Request Payout: Go to Seller Dashboard → Payouts → Request Payout Processing: 2-5 business days to your verified bank account Payout Requirements Verified bank account (via Flutterwave bank verification) Minimum payout amount: $50 (or equivalent) Account name must match business registration No pending disputes on orders being paid out Commission Deduction Platform commission is automatically deducted: Order total: $1,000 Commission (Gold tier 5%): -$50 Your payout: $950 Supported Payout Currencies We support payouts in: NGN (Nigeria)…