We have received lots of feedback that vendors prefer to have the KaodimPay payout amount to be the net amount after deduction of service fee. This enables vendors to plan for better cash flow, and reduce documentation work of making invoice payments.
As such, starting on 1 July 2019, we will revise KaodimPay disbursement process as below:
Calculation for Compare jobs,
You may refer to the table below for Kaodim Service Fee rate:
Similarly, for Priority Service Category, KaodimPay disbursement will also be made after service fee has been deducted based on the agreed percentage. For cash transactions, it will be an additional 3% service fee and Kaodim will continue to send you the service fee invoice by the end of each calendar month.
There are no changes for cash transactions, Kaodim will only send you the service fee invoice by the end of each calendar month.
IMPORTANT: KaodimPay payout will still be disbursed to your bank account on the following working day.
If you have yet to provide us with your bank account details, please fill up the following form in order to submit your banking details for disbursement purposes.