A fixed fee is a small fee charged by Myntra to the sellers using Myntra’s marketplace. The Fixed fee is charged based on the item price of the product. In case of a canceled or returned order, the Fee will be refunded by Myntra.
Calculating the fixed fee can be very tedious, as each order closes with a different amount of money. The good news is that Cointab’s system is automated and smartly calculates this fee automatically for every order by applying Myntra’s rate card to it. Cointab has made its rate card based on Myntra’s rate card to make the necessary calculations easy.
When an order data is received by the system it allocates it according to the parameters in the rate card and calculates the fixed fees.
Each order detail is showcased in the above manner. This makes it very easy to read, compare and analyze. The Fixed Fee charged by Myntra in its reports is recorded first. Then the Expected fee is displayed, which is the fee calculated by the system. Then the difference is also shown and if Myntra overcharges a seller they can contact them and get it resolved. This data is shown for each order and then also compiled and shown in a summary making it easier to visualize the total losses due to any error.
To see all the other fee verification charges by Myntra, Click here.