JamainspeedX

Sell made in Nigeria Fashion Products Globally, Sell Fast and Get Paid Faster, For support, Email us: Wecare@jamainspeedx.com

Seller Guide – Payment

How to Withdraw Funds >
How to Withdraw Funds

As a seller with Jamainspeedx, you don’t need to request a withdrawal. Your payouts are automatically configured and processed. When an order is marked as completed, your commission is automatically deposited into your wallet. Within 24 hours, the funds are then transferred from your wallet to your local bank account. To know more about order status go to Order.

How to Change your bank Account Details

To update your bank account details, please follow these steps:

  1. Write a formal email to us at [Wecare@Jamainspeedx.com] requesting the change in your bank account details.
  2. In the email, include a written instruction directing us to change your bank account details. Please attach a copy of your personal identification document to the email as well.
  3. The new bank account must bear the same name as the name on your ID and seller information.
  4. We have added an extra layer of security to ensure that no unauthorized person can withdraw your earnings, even if your account is compromised.

Thank you for your cooperation in ensuring the security of your account.

Updated on: 26-03-2023
About Shop Virtual Wallet

At our Jamainspeedx, every store has a digital wallet where all earnings and cash rewards are automatically deposited. Additionally, any outstanding bills, such as warehouse fees, are automatically debited from your shop wallet. Once money is deposited into your shop wallet, it will be transferred to your local bank account within 24 hours.

To access your shop wallet, simply log in to your account and go to the top right-hand corner of your store dashboard. Refer to the image below for further clarification.

Updated on: 26-03-2023
Wallet Transaction History

Your store’s transactions take place in your wallet. To view your transaction history, click on the wallet icon in the top right corner of your screen, then select “Transactions”. You can search your account history by date.

Updated on: 26-03-2023
About Our Fees & Commissions

At Jamain Speedx Limited, we charge fees and commissions to sellers who use our services for their ecommerce business activities. Below is a breakdown of our charges:

Jamainsteve Marketplace Commission:

Basic Membership:

  • No membership fee.
  • 25% commission + ₦100 commission per product sale.

Premium Membership:

  • ₦53,750 (VAT inc.) annual membership fee.
  • 15% commission + ₦100 commission per product sale.

Warehouse Fees:

  • Accessories Categories: ₦161 (VAT inc.) per Unit product Sold.
  • Clothing & Apparel Categories: ₦350 (VAT inc.) per Unit product Sold.

Order Management Fee:

  • Jamainsteve Ltd currently charges zero order management fee.
Updated on: 26-03-2023
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