Yaga wallet is a virtual wallet that allows to pay for purchases with the money earned on Yaga. Also, when an orders gets cancelled by the Seller, a refund will be transferred to Yaga wallet.
How Yaga wallet works?
- An item gets sold from the Seller's Yaga store.
- A prepayment for the sale comes into the Seller's Yaga wallet.
- Buyer completes the order --> money is released to the Seller's Yaga wallet. The Seller can use the available balance for shopping in Yaga or transfer the money to a personal bank account.
Understanding the Yaga wallet view:
Seller view
- Available for shopping - total amount of money that is available on your Yaga wallet to be used for making purchases in Yaga (Yaga credit + Completed orders)
- Yaga credit - Can be earned from giveaways or by completing surveys. This is meant to be used exclusively on the Yaga platform and it cannot be transferred or withdrawn to a bank account.
- Completed orders - Amount you've earned from successful orders
- Pending orders - All orders that haven't been completed (this money cannot be used yet).
- Total balance - Total amount including pending and completed orders and Yaga credit amount
Important to know:
- All payouts to bank account must be initiated with a click (My wallet -> Payout to bank account). Making partial payouts is not possible.
- In case an order gets cancelled, a refund will immediately be transferred to the Buyer's Yaga wallet. From there on it's possible to choose between using it for future purchases in Yaga or paying it out to bank account.
- It is not currently possible to top up the Yaga wallet.
- To pay for purchases with the available balance, the balance of Yaga wallet must be greater than the purchase amount together with the delivery cost. Partial payments with Yaga wallet balance is not possible.
- There won't be any fees when storing money in Yaga wallet.
- In case a user with available Yaga credit deletes their account, then the unused credit is discarded, unless used by the user prior to deleting their account.
- It is not possible to transfer Yaga credit between accounts.