Pricing


Pricing at MySocially is based on the number of units that are being purchased in a social buy window


How is Pricing calculated at MySocially?

Product price keep going down as more consumers place orders based on the discounts being offered by the sellers by units purchased. For e.g. for a product priced at Rs. 5,000 if 5 units are being purchased, the price drops down to Rs. 4,700. If 10 units are being purchased, the price goes down to Rs. 4,200.


What price does a customer pay for the product?

The price a customer pays, depends on the number of units that have been purchased until that time. For e.g if 4 units have been purchased until now, the 5th customer will see the current price as Rs. 4,700. If 9 units have been purchased until now, the 10th customer will see the price as Rs. 4,200


When is the final price determined?

Final price of the product is determined once the ordering window is closed for a social buy.


What is Paid Price?

Paid Price is the price that the customer paid for the product when placing the order


What is Closing Price?

Closing Price is the price of the product that is finalized at the end of the ordering window based on the number of units purchased in the purchase window


Where can a customer view the prices based on units purchased?

Customers can view the price of products based on units purchased in the product detail page listed under the Expected Price Range. When a customer hovers over the Expected Price Range, the customer can view the entire breakdown.



Cashback

Customers receive cashback based on the price they paid when placing the order and the closing price of the social buy based on the final number of units purchased.


How much cashback will I receive?

Customer cashback is calculated based on the Price Paid and the Closing Price. Cashback = Paid Price + Paid taxes - Closing Price - Closing taxes


When will I receive my cashback?

Customers receive cashback within 1-3 days after the product has been delivered to the customer


How will I receive my cashback?

Cashback is refunded straight into the payment mode used when placing the order


What if I placed an order using Pay on Delivery?

If a customer placed an order using Pay on Delivery option, the customer will only need to pay the Closing price at the time of delivery


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