GENERAL
1. What is ZoodPay? 
ZoodPay is a unique fintech solution for online stores and marketplaces which allows you to sell goods and services on your online platform in installments or with post-payment, while the customer does not need to switch to a third-party resource or contact a bank to obtain time-consuming lending services. Everything is done online and right on your website. 
 
2. Why do online stores need it? 
Using ZoodPay online service, online stores can develop their site, attract new customers, and increase sales through higher average order values and increased frequency of purchases. Now you don't need to transfer your traffic to third-party online platforms and share your customers. 
 
3. How to start selling with ZoodPay?
It's very easy to start selling with ZoodPay: 
1. Submit an application for cooperation on www.zoodpay.com 
2. Sign the Merchant Agreement 
3. Set up the integration with the ZoodPay service 
After that, you can start selling. 
 
4. Who can become a ZoodPay Partner? 
We do not have strict criteria or restrictions. If you have an online store or marketplace, you do not sell prohibited goods, your activity complies with the legislation of your country, we are ready to cooperate with you. Consideration and decision-making will not take more than one working day after all the necessary documents have been submitted. 
 
5. How much does it cost to connect to the ZoodPay service? 
Connection to the ZoodPay service is free, you pay only for guaranteed sales, according to the approved commissions which differ per product category. 
 
6. Who is doing the integration? 
Integration work for the ZoodPay service is done on your side, we will provide you with all the necessary integration documentation. You can also download the plugin if your online store is built on one of the popular e-commerce platforms like PrestaShop, OpenCart, Magento, Bitrix, WooCommerce, ExpandCart, and others - this will greatly facilitate the process of integrating with the ZoodPay service. 
 
7. What is the commission for sales with the ZoodPay service? 
The commission depends on the category of goods that you sell.
 
8. What are the benefits of working with ZoodPay? 
• You will be able to increase the frequency of purchases, the average order value, and the conversion of successful orders. 
• You do not lose your traffic, all customers remain on your platform and there is no need to switch to a third-party resource to get an installment plan. 
• We invest in marketing to increase the visibility of this payment method and our Partners. 
• You will get rid of the problems associated with paying cash on delivery. 
• Obligation to return money from customers lies entirely on our side. 
• We pay for purchases regularly. 
 
9. Who already sells with ZoodPay? 
ZoodPay service has long been available in the ZoodMall shopping application, in different countries around the world, such as Kazakhstan, Uzbekistan, Lebanon, Iraq, and Jordan. All ZoodPay Partners are listed in the ZoodPay webpage "Sellers" section. 
 
10. How will it affect the Seller if the customer goes into delay or stops paying? 
This will not affect you in any way, all the risks of collecting the money lie on our side. In any case, you will receive the entire purchase amount minus the commission. 
 
11. What measures are applied to customers in case of late payment of installments? 
In the event of a delay, the customer will need to pay a fixed delay fee. In any case, we always try to help our customers and find optimal solutions to prevent delays and violations of the terms of cooperation. 
 
12. When will I receive my money for ZoodPay sales? 
We make mutual settlements with Sellers weekly, respectively, you will receive money for delivered orders no later than 7 days from the date of delivery. 
 
13. What does a customer need to have to be able to buy in my online store with ZoodPay? 
To purchase in installments with the ZoodPay service, the customer must have a bank card with a validity period of at least 3 months at the time of purchase, as well as an active mobile phone number. 
 
14. Which bank cards and which payment systems can be linked to ZoodPay?
To pay using ZoodPay, you can link a card of any bank with Visa or Mastercard payment systems. 
 
15. How does ZoodPay ensure bank card data security? 
Security of bank card data is ensured by our Partners, typically the largest online acquirers in the country like e-pay in Kazakhstan and UzCard in Uzbekistan. Partners comply with all international standards and certifications. 
 
16. Do the customers need to re-enter their details when re-purchasing with ZoodPay? 
There is no such need, if the customers have already entered their data, the system will pull them up automatically, the customers only must confirm the purchase. 
 
17. Can I add a markup for goods/services when I sell a product with ZoodPay? 
No, the prices for customers, regardless of the payment method, must be the same. 
 
18. Are there monthly minimum turnover requirements with ZoodPay? 
No, we do not set such requirements for our Partners, from our side we try to do everything so that you have more high-quality new customers. 
 
19. In which cities can ZoodPay be connected? 
ZoodPay service is an online solution, so there are no restrictions on its geography, you can sell with ZoodPay in any city in your country. 
 
20. How will the customer understand that the online store is a ZoodPay Partner? 
When choosing a payment method for a product, the customer will see ZoodPay in the list. Also, on our website www.zoodpay.com, customers can find the entire list of Sellers providing the ZoodPay service. 
 
21. Are there any restrictions on the number of purchases with ZoodPay in our online store? 
There are no such restrictions, customers can make purchases within the approved limit.
 
22. Will you advertise my online store? 
We have a plan for various activities within the framework that will increase the recognition of the service and attract customers, including to your online store. 
 
23. Why was I refused to cooperate with ZoodPay? 
The reasons may be different, we reserve the right not to give the exact reason, but in any case, we recommend that you apply for cooperation again in 3 months. 
 
24. Do you have integrations with popular e-commerce platforms/builders? 
Yes, we are constantly working to simplify the integration of Partners with our service and now you can download the ZoodPay plugin for platforms such as PrestaShop, OpenCart, Magento, Bitrix, WooCommerce, ExpandCart, and others. 
 
25. Up to what amount can customers make purchases with ZoodPay? 
The customers can make purchases within the approved maximum limit of up to USD 515 or the equivalent in local currency. 
 
26. Is it possible to return a purchase paid for with ZoodPay? 
Yes, this functionality is provided by the ZoodPay service. 
 
27. Is the sale commission refundable if a purchase is canceled or returned? 
Yes, the commission is refunded if the return occurred no later than 14 days from the date of delivery. After 14 days, the commission is not refundable. 
 
28. Are sales with ZoodPay available 24 hours a day? 
Yes, there are no time limits. 
 
29. When will the first payment be returned to the customer in the event of a canceled purchase from ZoodPay? 
The money will be returned in accordance with the rules of the payment systems. This usually happens almost immediately. 
 
30. What should I do with the received invoice and work completion certificate? 
You must keep the invoice and one copy of the certificate of completion. 
The second copy of the act of completed work should be signed, sealed, and sent to the following address:  
Almaty, Al-Farabi Avenue 19, Nurly-Tau BC, Block 1B office 603 - for Kazakhstan and 
Tashkent, Mirzo-Ulugbekskiy district, Yassi Street, 9/3 - for Uzbekistan.  
 
31. What should be indicated on the invoice? 
The following information should be indicated on the invoice: name and address, invoice date, the period for which the invoice is issued, description of services, amount of service units (if such exists), price of each service unit, the currency of the amount, and all additional charges (if such exist). 
 
32. How can I re-issue a Cooperation Agreement to another company? 
To do this, you need to send a request to business.kz@zoodpay.com - for Kazakhstan, business.uz@zoodpay.com - for Uzbekistan, after which all instructions will be sent to you.
 
33. What banks do you cooperate with when arranging installments? 
We do not use the resources of local banks to arrange installments, we fully finance purchases from our funds.
 
34. How is your service better in comparison with banks that offer similar solutions? 
The main advantage is that we are not limited to customers of a particular bank, therefore you are given the opportunity to sell goods in installments to a much larger customer base. 
There are other benefits too, like: 
• For purchases, the customer does not need to submit an application to a bank and sign documents, it is enough to have a valid bank card and select the ZoodPay payment method on your website. 
• There is no need to be the owner of a club card or to be a customer of any particular bank. 
• There are no additional costs for customers, no interest is charged, and no commissions are applied. 
• Instant approval of an order can be confirmed within a few seconds

IN-STORE SHOPPING
1. What is ZoodPay in-store shopping? 
ZoodPay in-store shopping is a simple and convenient payment solution that offers customers the possibility to pay for in-store purchases in 4 equal installments without interest or hidden fees.

The ZoodPay in-store payment solution is only available in our Partners’ network of stores. 

2. Why does the Partner store need to offer ZoodPay? 
By allowing customers to buy goods or services in installments without interest or hidden fees, our Partners will be able to increase their turnover by acquiring new customers, achieving growth through conversion, and increasing the average order value and the number of goods within one purchase.  

3. Who can shop in-store with ZoodPay?
To use the ZoodPay in-store payment solution, the customer must be at least 18 years old and have a valid local mobile number as well as a bank card that is valid at least for the next 3 months. To make the in-store shopping experience seamless, we recommend that customers download the ZoodPay & ZoodMall app and get their credit limit approved before approaching the in-store cashier.

4. How does ZoodPay in-store work? 

Shopping in-store with ZoodPay is so easy! To split the in-store purchase amount into 4 interest-free installments, the customer needs to follow this process:  

• Download the ZoodPay & ZoodMall app and tap on the “ZoodPay” tab at the bottom of the screen  

• Tap on the “Get limit now” button and provide the requested information to get approval on the spending limit  

• Go to the ZoodPay Partner’s shop, scan the QR code using the app, confirm your in-store purchase and enjoy shopping with ZoodPay!  
   

Following the customer’s confirmation of the in-store purchase amount in the ZoodPay & ZoodMall app, 25% of the purchase amount will be processed immediately while the remaining installments will be withdrawn from the customer’s bank card every 30 days. 

5. Should the customer spend the entire approved spending limit? 
ZoodPay does not limit customers, they can make purchases for any amount within the available spending limit.

6. What happens to the spending limit if it is not fully used?
The spending limit is valid for 3 months and the customer can make purchases in Partners’ stores until it is fully used. The available limit is restored when the customer makes his/her payments, and the limit grows with each successful order repayment.

7. What if the customer's in-store purchase was not approved?

We suggest that the customer checks the following in case his/her in-store purchase was not approved:    

• Are there sufficient funds in the customer’s bank account for the first installment? There should be at least 25% of the purchase amount available in the bank account for the 1st ZoodPay payment.   

• Does the purchase amount exceed the customer’s available ZoodPay spending limit? If so, decrease the new purchase amount or repay the previous order(s).  

• The minimum ZoodPay in-store purchase amount is UZS 150,000. Make sure your in-store purchase amount is not less than UZS 150,000. 

8. Will delayed payments by the customers affect the Partner? What are the Partner’s risks? 
Partners carry absolutely no risks; all the risks are borne by ZoodPay. The Partner will receive payments for successfully sold goods in a timely manner.

9. When will the settlements take place? 
Mutual settlements will be held twice a week, on Tuesdays and Fridays.

10. Will the Partner’s commission be refunded in case of purchase return? 
In case of purchase return, the commission is fully refunded to the Partner.

11. Can the Partner make a partial refund? 
A partial refund can be made, in this case, the commission will be refunded only from the amount of the goods returned.

12. Who should reimburse the customer for the refund? 
Only ZoodPay can make a refund to the customer.

13. Can the Partner add a commission to the purchase price?
This provision is regulated by the rules of ZoodPay. The Partner has no right to inflate the value of the goods when selling with ZoodPay or to place any other restriction on the customer.

14. Is there a Partner requirement to connect with ZoodPay? 
To get an accurate response, the Partner needs to apply for cooperation through the ZoodPay website (https://www.zoodpay.com/contact).

15. Are there any turnover requirements with ZoodPay? 
There are no requirements on turnover.

16. Can the Partner place the ZoodPay pointers outside or inside the store?

Placing the ZoodPay pointers outside or inside the store is a prerequisite.

 

FULFILLMENT

1. What is Fulfillment by ZoodPay? How does it work?

Fulfillment by ZoodPay is an opportunity to start selling online. You just need to have a product to sell. No need to have a store, or warehouse and worry about communicating with a courier company. We manage a professional warehouse/ fulfillment center. Sellers just need to deliver their product to the fulfillment center and after that everything in the sales process will be done by ZoodPay. After a customer places an order we will pack your goods and deliver them to the customer via a courier company.

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2. Who can use the Fulfillment service?

Any existing ZoodPay seller or any entrepreneur who is ready to work with ZoodPay based on set requirements. 

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3. What are the main advantages for sellers to use Fulfillment by ZoodPay?

Fulfillment by ZoodPay significantly reduces delivery times. The customer will be able to choose fast delivery with the same product price resulting in more sales. The fulfillment service also saves time and cost for the seller. Everything will be done by ZoodPay. Sellers could directly send their stock from suppliers to our Fulfillment Center without the hassle of managing receipt, storage, packing, and returns.

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4. What should I do to start working with you?

Review and sign the ZoodShip Addendum B and check the FAQs, then consult with your account manager if you have any questions. Specify what you want to send to the fulfillment center in the SBO ZoodMall system, and then send the products.

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5. What products can I bring to the Fulfillment Center? 

In phase 1 we will be accepting packages not bigger than 60*40*40 (cm). Please note that if your product is not sold after 45 days, we will start charging rent for it. In phase 2 (end of 2022) we plan to fulfill orders of any size.

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6. How should products be packed?

Products should be properly packed, in a good condition, and with no damage to the package. The warehouse manager can refuse to receive goods if they are not in good condition.

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7. Who can I contact if I have any questions?

Please contact your Key Accout Manager.

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8. What is the warehouse's address ?

The Warehouse is located in Tashkent city, Uzbekistan, Uisozlar street, 41.

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9. Who is the contact person in the warehouse?

There is a dedicated person who can be contacted by the sellers in case of directions to the warehouse, the receipt of goods, etc.... Contact details will be communicated separately during the onboarding stage. 

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10. What are the working hours of the warehouse?

The working hours at the warehouse are from 9 am to 9 pm

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11. How many goods can I bring to the warehouse?

It depends on the seller, the recommended quantity is to cover at least 1-week of sales. Please note that if your product is not sold after 45 days, we will start charging rent for it in proportion to the space it occupies.

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12. Where can I see the existing stock at the warehouse?

Anytime, all information will be available at the SBO.

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13. When should I refill the stock?

It is fully the seller's responsibility to ensure that stock covers the sales requirements.

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14. Will you penalize me if I don’t refill the stock on time?

No, but you could lose sales and profit.

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15. Can I retrieve my stock from the warehouse?

Yes, anytime. You just need to submit a request. 

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16. What if something happens to my goods at the warehouse? Damage, loss, fire, flood, etc.

ZoodPay will fully cover. It is in the contract.

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17. What security measures are taken at the warehouse?

Our warehouse is professionally controlled for entering and leaving the territory, with everything being monitored by video cameras.

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18. How can I get compensation for damaged/lost goods?

Just send a request and ZoodPay will compensate.

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19. How does return to the Fulfillment Center work?

If the order is not delivered, or the buyer refuses to take the parcel, the order returns to the Fulfillment Center. We unpack the parcel and put it back on the shelf; available stock automatically increases. If the order was delivered, the package was open, but the buyer still wants to return it (ex. poor quality of product), then we return such order directly to the Seller.

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20. Will you still charge me for Fulfillment if the order is returned? Are there any other charges for returns?

Yes, we charge a Fulfillment fee for every order shipped from the warehouse. We do not have any additional charges for returned goods.

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21. How much does it cost?

For partners who use SME inventory financing, the service is free. For others, we have a flat Fulfillment fee of UZS 5000 (without VAT) for each order shipped from the warehouse. This rate is for all fulfillment services including goods acceptance, storage (free for the first 45 days), picking from the shelf, packaging, handing to the courier company, and managing returns.

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22. How will ZM charge me for the Fulfillment service?

We charge sellers once a month for orders fulfilled from the warehouse. Separate invoices will be issued and the amount will be deducted from the general payments to sellers.

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23. How about the general payment for goods sold?

Nothing changes for the general payment to sellers for goods sold.

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24. What are your plans for Fulfillment?

In July-August 2022 we will be ready to fulfill orders placed not only at the ZoodMall marketplace but also at other platforms, for example, sellers’ own websites. In Q4 2022 we are going to launch new warehouses in Tashkent and other regions.

 

INVENTORY FINANCING

1. What is ZoodPay inventory financing?

Inventory financing is a short-term loan used to acquire goods that can then be sold. The proceeds from these sales are then used to pay down the loan. The goods are, in this type of financing, already ordered and paid for i.e. they are already in a warehouse at the time of the loan being extended. The counter value of the goods in the warehouse acts as security for the financing provided.

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2. How can I apply for financing?

You can apply by sending an e-mail request to ZoodPay. Request form will be provided by your ZoodPay manager.

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3. What documents are required to receive ZoodPay funding?

Same documents that you provide to ZoodMall, plus verification of no outstanding debts with banks or government authorities.

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4. Who can get ZoodPay inventory funding?

Small and medium-sized enterprises registered and tax domiciled in Uzbekistan with at least two continuous years in business and at least three consecutive months of sales through Zood.

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5. How long is an approved loan valid for?

Approval of inventory financing is valid for a period of up to 15 calendar days from the date of approval.

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6. What agreement do I need to sign?

You will sign an agreement with MCO, a separate legal entity from ZoodMall.

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7. What goods can be taken as collateral for credit?

High rotation goods based on a 3-month sales history. Only officially purchased/produced /imported goods can be financed.

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8. What credit limit can I get? Who defines it?

The credit limit will be defined by ZoodPay: it will be 80% of monthly sales of high rotation goods based on your 3-month historical sales. The minimum credit amount is USD 1000 and the maximum amount is USD 30 000.

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9. What is the duration of the funding?

Financing is for 30 calendar days.

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10. What is the interest rate for ZoodPay inventory financing?

3.5% interest will be charged for the loan over 30 days.

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11. How long does it take to get an answer for the credit limit?

2-3 working days after submitting a seller's application.

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12. How do I receive money after the credit limit is approved?

Credit will be given based on quantities of specific goods; ZoodPay will provide this list as part of your credit limit approval. You will need to provide ZoodPay with documentation of origin for all the  goods specified on the list and wait for confirmation.
Upon confirmation, you will need to deliver these specific quantities of goods to the fulfillment center. You will get the loan via a bank transfer after the confirmation of the delivery receipt. 

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13. Can goods be pledged without proof of their origin?

No, the origin of the goods must be documented in order to avoid the financing of stolen goods or goods obtained through any criminal and/or illegal activities.

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14. What if I bring fewer goods to the Fulfillment Center than indicated in my credit limit?

Your loan amount will be re-calculated based on the actual quantities of goods confirmed by the Fulfillment Center (FC).

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15. Will I pay any storage costs? For how long?

As per the Fulfillment Center rules you will not pay for storage for the first 45 days, you will only pay a fixed Fulfillment Center fee for every item sold. 

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16. Can I sell the financed product at the price I want?

Yes, sellers can decide their own prices, taking into account competition and market conditions.

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17. Can I sell this financed stock to non-ZoodMall customers?

During the start of the program, you will only be able to sell financed goods on the ZoodMall marketplace. In the future, it will be possible to sell finaced stock through other online channels.  

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18. How quickly will I receive the funds?

2 banking days after goods are received by the FC.

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19. Can I use my existing bank account to get the financing?

Yes you can use any bank account you prefer, or you can open a bank account at our partner bank.

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20. How and where do I need to make payments?

You will not need to pay yourself, as ZoodMall will deduct the debt from your payments related only to the goods taken as collateral. You will keep receiving payments on other goods as usual. Once deductions cover your debt + 3.5% interest, payments on financed goods will resume. At the end of the month, ZoodMall will transfer money on your behalf to MCO. 

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21. What if sales on financed goods during 30 days are not enough to cover the credit?

In such a case the seller will need to pay via bank transfer the remaining debt amount on the 30th day from which the credit was given.

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22. How will I know the remaining debt?

ZoodPay will send you your payment report indicating the payments that were withheld to cover the debt. You will get this report along with standard payment reports twice per week.

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23. Is it possible to close all payments ahead of schedule?

Yes, pre-payment is possible and would allow for further inventory financing to be provided once the existing loan is fully repaid.

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24. If I pay sooner than 30 days, do I pay less interest? Are you keeping the money that you are collecting during the 30 days?

The interest rate will remain the same at 3.5%. Money collected for financed goods will be held by ZoodMall until the end of the 30-day period and then will be transferred to MCO.

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25. Is there a payment delay?

A payment delay would occur if a loan repayment is missed at the maturity date. Payment delay is subject to delay fees. Some minor and short-term payment delays may be resolved amicably however, prolonged payment delays may lead to legal action against the debtor, disqualifying the debtor from receiving further inventory financing.

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26. Can I increase the payment term?

No, the payment term is fixed to a maximum of 30 calendar days.

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27. What measures will be taken in case of late payment?

Payment delay is subject to delay fees. Some minor and short-term payment delays may be resolved amicably however, prolonged payment delays may lead to legal action against the debtor, disqualifying the debtor from receiving further inventory financing.

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28. What can I use ZoodPay funding for?

Financing can be utilized to improve cash flow in situations like seasonal sales, when you may need to make a large capital investment to ramp up your inventory for a short and intense selling season; you can therefore purchase more goods. Or if you are required to pay your suppliers within a shorter period of time than the normal sales period of your goods, you can cover such a cash shortage through inventory financing.

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29. What is the maximum amount I can get through ZoodPay funding?

The maximum amount of financing is the UZS equivalent of USD 30,000.

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30. What is the minimum amount I can get through ZoodPay funding?

The minimum amount of financing is the UZS equivalent of USD 1,000.

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31. Is it possible to increase the ZoodPay funding amount?

Yes, the financing amount can grow based on your positive historical sales and payment track record.

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32. Is the financing secured by collateral or unsecured?

The financing is secured by the value of 1) goods in circulation that have been financed with an inventory financing loan and 2) receivables from customers based on a collateral agreement which entitles ZoodPay to sell the goods in case of non-payment of the loan at its maturity and/or collects the receivables from buyers.

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33. Will the transferred goods be displayed in the reconciliation act?

You will still own the goods transferred to the Fulfillment Center; accounting of these goods will be the same as for your regular sales.

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34. If you collect the money, who will deliver the product and at which cost?

Product delivery will happen under the same process that ZoodMall has, financing does not affect it.

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35. Can I finance products that are sold through other e-commerce channels, but that are stored in the Fulfillment Center?

Yes you can, if you use ZoodPay or COD as a payment method, as money collection needs to be controlled by ZoodPay to manage risks.

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36. What is the price at which I can sell financed goods on other platforms?

The minimum price for non-Zoodmall users should not be less than 80% of the good's price at which ZoodPay provided financing. The delivery company will compare the COD order price to the above minimum price and will not deliver an order if the COD price is lower.

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