11st, Seller Settlement Period Shortened... "100% Payment Next Day After Collection Completion"

On the 3rd, 11st will change its fast settlement service to "100% settlement on the next business day" based on the courier company's collection completion.

[Asia Economy Reporter Lim Chunhan] 11st announced on the 3rd that it will change its fast settlement service to "100% settlement on the next business day" based on the courier company's collection completion.

The fast settlement service is available for sellers who ship today and have been members of 11st seller membership for at least 3 months, with a seller rating of 90 or above in three categories during the membership period. Anyone meeting these criteria can receive the service for free.

In October last year, 11st introduced the industry's first fast settlement service that settles 90% of the payment the day after delivery completion. This enabled small and medium sellers to participate more actively in popular large-scale promotions such as the 11st Day, and created a virtuous cycle effect for sellers by allowing stable response to the seasonally surging customer demand.

An 11st official said, "We prioritize processes and support policies that help sellers," adding, "In the new year, we will continue to strive to provide a better environment for sellers based on mutual growth, and through this, we will work to offer services that satisfy purchasing customers in terms of payment, delivery, and more."

This content was produced with the assistance of AI translation services.