Sellers are abide by the following terms and policies. In Nepal, online selling is regulated under the Electronic Transactions Act, 2063. This act provides for the legal recognition and regulation of electronic transactions, including online selling.
Some common terms and conditions that may be included in online selling agreements in Nepal include:
1. Product descriptions: Sellers are required to provide accurate and detailed descriptions of the products being sold, including information about their features, quality, and any relevant safety information.
2. Pricing: Sellers must clearly state the prices of the products they are selling, including any applicable taxes and shipping fees.
3. Payment and refund policies: Sellers must specify the accepted methods of payment, as well as their refund and return policies.
4. Delivery: Sellers must provide information about the expected delivery time and shipping options available.
5. Dispute resolution: Sellers may include provisions for resolving disputes between the parties, including mediation or arbitration.
6. Privacy policy: Sellers must provide information about how they collect, use, and protect personal information provided by customers.
It is important for online sellers to comply with these terms and conditions and any other relevant laws and regulations in order to
PAYMENT POLICIES: Pay on Delivery
To manage delivery of products to customers and get paid at the same time, vendors can use various methods and platforms that are available for online sellers. Some common options include:
Third-party delivery services: Vendors can work with third-party delivery services such as courier companies or logistics providers to handle the delivery of their products to customers. The vendor can negotiate a delivery fee with the third-party service provider and include it in the total cost of the product. Once the product is delivered, the vendor can receive payment directly from the customer.
Cash on delivery: Vendors can offer the option of cash on delivery to customers, where the customer pays the vendor in cash when the product is delivered. This method is popular in Nepal and can be a good option for vendors who do not have access to online payment gateways or prefer not to use them.
It is important for vendors to carefully consider the delivery and payment options that work best for their business and customers, and to ensure they comply with any relevant laws and regulations. Vendors should also have clear policies in place for delivery and returns, and communicate these clearly to customers to avoid any misunderstandings or disputes.
PAYMENT POLICIES: Third Party Payment gateway
Virtual Victory LLC is a company incorporated in Pittsburgh, PA, USA that serves as a third-party payment gateway to receive payments from overseas using PayPal.
As a payment gateway, Virtual Victory LLC provides a secure and reliable way for overseas customers to make payments for goods or services provided by businesses based in the USA. By using PayPal as the payment processor, Virtual Victory LLC ensures that payments are processed quickly and securely, and that customers' financial information is protected.
To use Virtual Victory LLC as a payment gateway, overseas customers can select PayPal as their preferred payment method when purchasing products or services from a USA-based business. When the payment is made, it is transferred to Virtual Victory LLC's PayPal account. Once the payment is received, Virtual Victory LLC will then transfer the funds to the business's account in the USA, after deducting any fees associated with the transaction.
Using a third-party payment gateway such as Virtual Victory LLC can offer several advantages for businesses, including increased security, reduced risk of fraud, and faster processing times for overseas transactions. However, businesses should carefully consider the fees associated with using a payment gateway and ensure that they comply with any relevant laws and regulations related to overseas payments and financial transactions.
In order to qualify for the third party payment gateway, individual vendors have to notarize agreement with the Virtual Victory LLC.
Incase of items lost on delivery or damaged or wrong items, the buyer has a right to return the items and get refunded.