Understanding your Myntra PPMP Payout Statement

Owned by
Varun Kumar (Unlicensed)
, created
Last updated: Jan 18, 2021
4 min read

Payout statement provides a detailed breakdown of your account activity for a given settlement period. Payout statement is published regularly, and you can download this statement from a seller account on Myntra. Understanding payout statement will help you to know how to:

  • Download the payout statement

  • Read a payout statement

  • How Eshopbox reconcile Myntra PPMP payout

Download the payout Statement

  • Login to Myntra partner portal using your credentials.

  • Navigate to the Reports and Insights > Financial Reports on the left side of the panel.

  • Click on Payments Summary.

  • In Payments Till Date card, you will see amount disbursed to you for Prepaid and Postpaid orders.

 

  • Myntra PPMP provides payouts in two types of report:

    Prepaid: The mode of payment by the customer for this payout was a credit card, debit card, UPI, etc.

    Postpaid: The mode of payment by the customer for this payout was cash, credit card, debit card, etc.

  • Click on the payment type you want to see the transactions.

  • Now you will get the list of transaction Ids/payout statements released by Myntra PPMP model.

 

  • Click on the download link to download the payment summary report.

  • Download the report add this payout in Eshopbox app.

  • Use a total of ‘settled_amount’ column value while filling fund transfer value in the payout upload form.

Note: Select the Myntra PPMP template while uploading the payout statement in your workspace.

 

Reading a payout statement

Payment advice report contains all transactions settled by Myntra for the selected date range. You receive this payout periodically. Each row in this report may represent the following types of settlements:

  1. Amount paid to you for orders shipped to customers.

  2. Amount refunded for products returned by the customer.

Note: The amount you receive in your bank account should be the same as the total of the ‘Settled_Amount’ column in the payment advice sheet of Myntra.

See glossary section of this article to see detailed descriptions of the fields available in Myntra PPMP payout statement.

How Eshopbox reconciles Myntra Payouts

For Myntra PPMP, the Eshopbox considers order Id as a unique reference number. Eshopbox will scan through each row in the sheet and perform actions as per the details below:

  1. For each row, Eshopbox will record an amount against the order shipped.

  2. For each row, Eshopbox may record a refund amount against the order returned.

  3. For each row, Eshopbox will also record fees charged against the shipped/returned order. It will then reconcile it with various fees created in your workspace according to the table below:

Column name

Reconciled against

Column name

Reconciled against

Commission

Commission fee

Payment_Gateway_Fee

Payment Gateway Fee

Fixed_Fee

Fixed Fee

Pick_Pack_Fee

Pick and Pack Fee

Logistics_cost (in case of forward transaction)

Shipping Fee

Logistics_cost (in case of reverse transaction)

Reverse Shipping Fee

(Payment_Gateway_Fee + Fixed_Fee + Pick_Pack_Fee + Logistics_cost) * 0.18

Taxes

IGST_TCS + CGST_TCS + SGST_TCS

TCS

TDS

TDS

Glossary

  • NEFT_Ref: NEFT reference number is an acknowledgement number given after a bank transaction takes place to identify that transaction.

  • Payment_Type: Postpaid or Prepaid payment type.

  • Payment_Date: Date of settlement.

  • Order_Type: This is the type of transaction and defines whether the transaction is for the order or return.

  • Release_Id: This is the order ID. An order ID is a unique number which you'll need to identify and track your orders.

  • Seller_Id: Seller code assigned to the seller.

  • Taxable_Value: Amount on which tax is calculated and invoiced to the customer.

  • Tax_Rate: Tax rate applicable to the order/product.

  • IGST_Amount, CGST_Amount, SGST_Anount: Taxes paid by the customer for the product.

  • MRP: MRP of the product shipped to the customer.

  • Total_Discount: The discount applied to the product.

  • Customer_Paid_Amount: A sale amount is the final value of the product received by you after the sale. The buyer gets the goods in exchange for a specific amount of money.

  • Commission: This fee is a percentage of order value charged by the Myntra.

  • IGST_TCS, CGST_TCS, SGST_TCS: This is the tax collected at the source.

  • TDS: TDS deducted at the source if any.

  • Logistic_Cost: This fee charged for shipping order items to the customer or from the customer in case of return.

  • Pick_Pack_Fee: Pick and Pack fee charge by the Myntra portal.

  • Fixed_Fee: This fee charged on every successful sale on the platform.

  • Payment_Gateway_Fee: Payment collection charges for orders placed on the platform and varies for prepaid and COD orders.

  • Logistics_Commission: Logistics, packing, payment gateway and fixed fee including taxes.

  • Settled_Amount: Amount paid as the final payment for the product. The amount settled after the deduction of taxes and marketplace fees charged on the sale amount. Sum of this column should match with fund transfer amount value in the payout upload form.

  • NOD_Comment: Comment by Myntra for the transaction, if any.

  • SellerYearMonthKey: Seller and Financial year code.

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