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  • [ Know More ] Preferred Sellers

    1. Preferred Seller can be added from your frequent sellers thus enabling a circle of trust between you and your counterpart. Nevertheless, consider the situation where you have a quick delivery to make and your preferred seller has run out of stock? No issues, you can select another seller closest to you who can deliver the required quantity within the expected timeline.


  • [ Getting Started ] Do I earn an Interest on Cashback amount in wallet ?

    Yes, absolutely, you guessed right. For the amount you hold in your wallet, you receive 10% per annum interest payout, with interest calculation on the closing balance ever day. Interest amount is accumulated and credited on the end of every month.

    Refer to the image below. Interest accumulated as on date is highlighted in blue. As you can also note from the image and interest is credited as a deposit to the tune of Rs. 30.46 on the 31-Dec-2016 and Rs 12.72 on the 30-Nov-2016






  • [ CashBack ] What is Purchaser Cashback?

    Purchaser Cashback 

    is the cashback you get when you make a purchase. 


    Our system is intertwined into a robust lifelong cashback loop. Under this cashback system, whether it is the End-customer (B2C) or B2B customer ( dealer / distributor ) will have to pay the market price upfront. The lower rate will comeback to him or her as cashback.

    As cashback accumulates, the B2C or B2B customer can use his cashback amount for further purchases or can immediately have it credited to his attached bank account on his Wallet Page. The bank details need to be filled only once. See the screenshot of the image below. The cashback happens in two modes, Purchaser Cashback and Referral Cashback.


    Cashback system is not fixed but dependent on product sold and the margin available for GotBolted from the sale of that product and your purchase level ( Bronze, Copper, Silver, Gold, Platinum, Diamond ).

    The primary driver on the amount of Cashback you receive is your Purchase Level. If you are a Bronze 1 level then there is a 60:40 split on the margins that GotBolted makes. What this means is that 16% of the margin made during the sale goes back to the customer and 24% goes to his or her referral as cashback. 

    As your purchase level increases to Diamond 2 the split is 5:95. This means that whatever margin is earned more than 90% comes back to you as cashback.


    CASHBACK SPLIT ON GB MARGINS


    GotBolted

    Customer

    Referral

    Bronze 1

    60%

    16%

    24%

    Bronze 2

    55%

    20.25%

    24.75%

    Copper 1

    50%

    25%

    25%

    Copper 2

    45%

    30.25%

    24.75%

    Silver 1

    40%

    36%

    24%

    Silver 2

    35%

    42.25%

    22.75%

    Gold 1

    30%

    49%

    21%

    Gold 2

    25%

    56.25%

    18.75%

    Platinum 1

    20%

    64%

    16%

    Platinum 2

    15%

    72.25%

    12.75%

    Diamond 1

    10%

    81%

    9%

    Diamond 2

    5%

    90.25%

    4.75%


    This cashback system is applicable not only for the end-customer but also bulk-customers. As your purchase level increases from Bronze 1 to Diamond 2 you can expect to get the lowest possible price on anything you buy on GotBolted.com. By lowest price, I mean, if you are an end-customer then it would be nearing the dealer price, if you are a dealer then it would be close to the distributor price and if you are a distributor then it would be close to the manufacturer price.

    The levels are based on whether you are a end-customer or bulk-customer. To find out how much you need to purchase to reach a certain level, pls visit the My Wallet page. The cumulative Purchase Amount is mentioned right below the Purchase Levels. The Purchase Level requirements may change over time, so be sure to keep a track of it.

    Note: GotBolted takes the sole responsibility of setting the price online based on the competitive pricing, best value for customers, marketing and promotion considerations and other factors which will be solely GotBolteds responsibility. As a Seller you will not have any role to play in price determination.




  • [ CashBack ] What is Referral Cashback?

    Referral Cashback 

    is the cashback you get when your referral makes a purchase. 


    Our system is intertwined into a robust lifelong cashback loop. Under this cashback system, whether it is the End-customer (B2C) or B2B customer ( dealer / distributor ) will have to pay the market price upfront. The lower rate will comeback to him or her as cashback.

    As cashback accumulates, the B2C or B2B customer can use his cashback amount for further purchases or can immediately have it credited to his attached bank account on his Wallet Page. The bank details need to be filled only once. See the screenshot of the image below. The cashback happens in two modes, Purchaser Cashback and Referral Cashback.


    Cashback system is not fixed but dependent on product sold and the margin available for GotBolted from the sale of that product and your purchase level ( Bronze, Copper, Silver, Gold, Platinum, Diamond ).

    The primary driver on the amount of Cashback you receive is your Purchase Level. If you are a Bronze 1 level then there is a 60:40 split on the margins that GotBolted makes. What this means is that 16% of the margin made during the sale goes back to the customer and 24% goes to his or her referral as cashback. 

    As your purchase level increases to Diamond 2 the split is 5:95. This means that whatever margin is earned more than 90% comes back to you as cashback.


    CASHBACK SPLIT ON GB MARGINS


    GotBolted

    Customer

    Referral

    Bronze 1

    60%

    16%

    24%

    Bronze 2

    55%

    20.25%

    24.75%

    Copper 1

    50%

    25%

    25%

    Copper 2

    45%

    30.25%

    24.75%

    Silver 1

    40%

    36%

    24%

    Silver 2

    35%

    42.25%

    22.75%

    Gold 1

    30%

    49%

    21%

    Gold 2

    25%

    56.25%

    18.75%

    Platinum 1

    20%

    64%

    16%

    Platinum 2

    15%

    72.25%

    12.75%

    Diamond 1

    10%

    81%

    9%

    Diamond 2

    5%

    90.25%

    4.75%


    This cashback system is applicable not only for the end-customer but also bulk-customers. To know more about Purchaser Cashback click here.


    The levels are based on whether you are a end-customer or bulk-customer. To find out how much you need to purchase to reach a certain level, pls visit the My Wallet page. The cumulative Purchase Amount is mentioned right below the Purchase Levels. The Purchase Level requirements may change over time, so be sure to keep a track of it.

    Note: GotBolted takes the sole responsibility of setting the price online based on the competitive pricing, best value for customers, marketing and promotion considerations and other factors which will be solely GotBolteds responsibility. As a Seller you will not have any role to play in price determination.