Used Nara Shortens Seller Settlement by 2 Days and Introduces 1% Commission
No Commission for Transactions of 20,000 Won or Less
Used Nara announced on the 29th that it will revamp its service policies for sellers to enhance settlement convenience and service stability.
First, as part of seller protection measures following the full implementation of secure payment within the app, the automatic purchase confirmation period will be shortened from the previous 5 days to 3 days.
Automatic purchase confirmation is a feature where, if the buyer does not manually confirm the purchase after receiving the product, the system automatically finalizes the transaction after a certain period. Since secure payment only releases funds to the seller once the purchase confirmation is complete, this measure aims to minimize inconvenience for sellers caused by delays in purchase confirmation and settlement.
Used Nara improved its app operations and settlement process so that settlements can be handled more quickly and reliably, considering that most buyers confirm their purchases within an average of two days. As a result, sellers can now receive their payments up to two days faster.
Additionally, a new sales commission policy will be introduced for individual sellers, charging a 1% commission on transaction amounts. However, no commission will be charged for amounts of 20,000 won or less. The existing secure payment fee for buyers will remain unchanged.
Going forward, Used Nara plans to further improve app usability by adding a variety of new features based on user feedback, and to continuously expand user convenience and benefits by strengthening its own membership reward services such as mileage and coupons.
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Choi Inwook, CEO of Used Nara, stated, "This revision of the seller service policies is designed to allow sellers to receive payments more quickly and to conduct transactions in a more trustworthy environment," adding, "We will continue to invest intensively in strengthening transaction safeguards, expanding seller benefits, and enhancing convenience features to provide an even more satisfying service."
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