You may check REMEX Resale Payout-related information by navigating to the Payout Menu.
Page URL: https://remexmanagement.com > Menu Tab [Finance → Payout]
*Settlements will be conducted based on the Central Time Zone in the U.S.A. (UTC-6)
15th of each month: Click the confirm button for invoice confirmation and issuance (Seller → REMEX) on REMEX page.
Deposit Date: Settlement transfer within 5 business days after invoice confirmation (REMEX → Seller).
*Please note that the transfer fee is the responsibility of the recipient.
Settlement Cycle
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It occurs once a month, settling the expenses incurred in the previous month (1st to the last day).
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Settlement Amount Confirmation Period: From the 1st to the 14th of each month, it is the period during which the REMEX team settles the sales for products that have been completed.
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Invoice Issuance and Confirmation: From the 15th of each month onwards, you can confirm and finalize invoices through the REMEX page, by clicking the Confirm button.
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Deposit Date: REMEX → Seller deposit date. The deposit is processed within 5 business days after the invoice is confirmed, based on business days.
Common terms related to financial settlement
Financial Settlement terms | Description | note |
Payout Invoice | Settlement statement with summarized settlement details:
1. Overstock Sales (Seller Fulfillment)
Sales(100%)-REMEX Fee(15%) =Final settlement amount (85%)
2. Overstock Sales (Remex Fulfillment)
Sales(100%)-REMEX Fee(30%)-Logistics fee from your warehouse to REMEX Hub (Prepaid by REMEX) =Final settlement amount (30%-logistics)
3. Returned Stock Sales
Sales(100%)-REMEX Fee(30%) =Final settlement amount (70%) | |
Example Settlement Case | ex) July 1st to 31st: Expenses incurred.
- July 1st to 31st Sales Amount: Reflected in the August settlement statement
- from August 15th: Available to confirm the Invoice (click the “Confirm” button)
- +5 days after Invoice Confirmation: Payment completed (REMEX → Seller) | |
Settlement Status | Settlement Status
ISSUED: Status where invoice confirmation is possible.
CONFIRMED: Status indicating that the invoice confirmation has been completed.
PAID: Status indicating that the payment has been completed. | |
Inquiries about Settlements | Yeyun Jo (Financial Team)
account@remexreturn.com | Business Hours:
Mon.~ Fri. 09:00~17:00
(closed on weekends& public holidays) |
Is this your first time with REMEX Resale settlements? Please enter the necessary information for REMEX Resale settlements through the page