payments

Payments

Buyer pays Local Orbit
- ACH
- Credit card
Buyer pays Market
- PO > converts to an invoice
Buyer pays Seller? (this is not a current function unless the seller is the Market; it is on the roadmap for future)
- PO
Local Orbit pays Market
- ACH
- Paper check (rare)
Local Orbit pays Seller (for Automate Plan)
- ACH
- Paper check (rare)
Market pays Local Orbit (a market is a site with a subdomain)
Monthly or annual service fees - flat rate/discounted for annual up front payment
Seller or Market pays Local Orbit
- Transaction fees - percentage of sales and other fees, including delivery fees
- Credit Card fees - if accepted - fees vary per service tier
- ACH fees - 60 cents per transaction (charged per seller if multiple sellers on one order)
Market pays Seller
- Outside system (tracked?) > yes - part of the financial tools - major feature

Buyer pays on order creation
- ACH > this is what we want to encourage more of
- Credit card > most common
Buyer pays on delivery/pick up (less common)
- PO?
- Other? >> A PO should be able to be turned into a COD invoice
Buyer pays on invoice terms
- Direct payment - only - this can be recorded on the site when funds collected.
- ACH through Local Orbit (not currently, but could add in future)
- Credit card through Local Orbit (not currently, but could add in future)
LO Pays Sellers (Automate Plan)
- Weekly (currently Wednesdays) - for all orders marked delivered, after a 24 hour waiting period for buyer complaints
LO Pays Markets (if using LO credit card or ACH services)
- Weekly (currently Wednesdays) - for all orders marked delivered, after a 24 hour waiting period for buyer complaints
Market pays LO (transaction fees for PO's)
- ?