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India's #1 Marketplace Payment Reconciliation Engine

Order-to-Payment Reconciliation for Every Rupee You're Owed

Amazon, Flipkart, Myntra and Meesho settle ₹ billions daily — with short payments, wrong commissions, excess shipping, tax mismatches and TCS/TDS variances hidden in every settlement report. eVanik matches every order to every rupee at SKU level, flags every discrepancy, and turns each variance into a claimable recovery. No more spreadsheets. No more guesswork.

10,000+

Sellers reconciled

₹12,000 Cr+

GMV processed annually

99.9%

Match accuracy

15 min

Go-live time

Calculate My Recovery
✓ Amazon MTR✓ Flipkart STL✓ Myntra PPMP✓ Meesho Payouts✓ AJIO / JioMart / TataCLiQ
eVanik unified marketplace payment reconciliation dashboard with order-to-payment matching, variance detection and settlement tracking
Live dashboard
₹1098 Cr+
Recovered for Clients
10,000+
Sellers Trust eVanik
99.9%
Reconciliation Accuracy
70%
Time Saved vs Manual

The ₹ Leak

Why Manual Payment Reconciliation is a Losing Battle

Independent studies peg manual reconciliation error rates at 5-10% and FBA revenue loss from reimbursement-eligible events at 1-3% of annual revenue. Spreadsheets crack under the volume. Interns miss nuance. Here's what slips through:

📉

Short Settlements

Settlement payout is less than the promised order value — often by 3-8%. Hidden in summary reports, invisible without order-level matching.

🧾

Wrong Commissions

Marketplaces charge referral fee on the wrong category tier — sarees at 17% instead of 5%, electronics at 15% instead of 8%.

🚚

Excess Shipping

Charged national rates for local deliveries. Weight slabs inflated. Reverse charge on non-returns.

🧮

Tax Mismatches

Channel-captured GST differs from your invoice GST. GSTR-1 filing becomes a nightmare at month-end.

🛡️

TCS/TDS Variance

1% TCS and 1% TDS under Section 194-O are routinely miscalculated on gross vs taxable value.

⏳

Pending Settlements

Orders delivered 60-90 days ago still not settled. Finance team has zero visibility.

💸

Negative Settlements

Courier returns and cancellations post as negative settlements — eating into future payouts silently.

📝

Offset Adjustments

Marketplaces recover prior-period adjustments from current settlements — untraceable without multi-month reconciliation.

10-15 hrs

Per week spent on manual reconciliation in Excel (industry average). eVanik does it in minutes.

5-10%

Error rate in manual reconciliation at volume — unsustainable for sellers past ₹25 lakh/month.

1-3%

Of annual revenue lost by FBA sellers to reimbursement-eligible discrepancies (Amazon's own data).

The compounding problem: A seller doing ₹50 lakh/month across 4 marketplaces generates 12,000+ settlement line items monthly. A human can't reconcile that volume accurately, ever. Most sellers "reconcile" by checking totals — which is exactly how 2-5% of revenue quietly disappears into marketplace deductions.

Under the Hood

Multi-Level Matching Engine: Order → SKU → Settlement → UTR

Most tools match only at summary level. eVanik matches at every granular layer — the only way to catch discrepancies that hide across millions of transactions.

Order-to-payment matching view showing order-level and SKU-level reconciliation

Order-to-payment matching view

1

Order-Level Match

Every OrderId pulled from the marketplace is paired with its Sales record (invoice, MRP, discount, taxable value, GST rate). The engine reads OrderItemID and sellerId to handle multi-seller accounts.

2

SKU-Level Granularity

Within each order, individual SKUs are matched to their expected commission tier, shipping bucket and HSN-based GST. This is where wrong-category commissions and weight mis-charges surface.

3

Settlement-Level Aggregation

Fees from nested payment arrays (FBA Weight Handling, Technology Fee, Commission, Closing Fee, Pick Pack, Easy Ship) and root-level fields are aggregated and compared to expected values with 2-decimal INR precision.

4

UTR-Level Bank Match

Every settlement is matched to the corresponding bank UTR so "money in your account" is tied to "orders you delivered" — closing the loop from customer checkout to seller bank credit.

UTR matching — the final mile of reconciliation

Every settlement deposit from Amazon, Flipkart, Myntra or Meesho lands in your bank with a UTR reference. eVanik ingests bank statements, matches each UTR to the corresponding settlement, and flags orphan UTRs (received but not attributed) and missing UTRs (settlement confirmed but bank not credited).

  • ✓ Multi-bank, multi-entity aggregation
  • ✓ CSV/Excel bank statement upload or direct bank feed
  • ✓ Orphan UTR and missing UTR exception reports
  • ✓ Settlement-to-bank variance reporting in ₹ and %
UTR matching view — bank-level reconciliation of marketplace settlements

Reports That Recover Money

Every Discrepancy Type, Surfaced in Its Own Dashboard

Three-Tab Variance Analysis

Three-Tab Variance Analysis

Every discrepancy bucketed into Shipping, Commission and Charges — with gap in ₹ and %, and drill-down to source order.

  • ✓Shipping variance — weight slabs, zone mismatches, reverse-charge errors
  • ✓Commission variance — wrong category tier, excess referral %
  • ✓Charge variance — fixed fees, closing fees, pick-pack mis-billing

From Sale to Bank Credit

A Single Flipkart Order — Reconciled End-to-End

Here's exactly how eVanik matches a real Flipkart order from dispatch to bank credit, flagging the ₹43.70 short payment no one else would catch.

Source Order · Flipkart

Order FO-OD3284117-29384727

SKU FASH-WOMN-SAREE-BLU-M · HSN 5407 · Buyer: Karnataka B2C · Prepaid · 5% GST

Gross Sale

₹2,100.00

Taxable

₹2,000.00

GST (5%)

₹100.00

Expected Commission

5% = ₹105.00

What Flipkart Settled

Commission @ 17.2%-₹361.20
Fixed Fee (Gold)-₹55.00
Shipping Fee (National)-₹92.00
Collection Fee-₹12.50
SPF Deduction-₹8.00
TCS (1%)-₹21.00
Net Settled₹1,550.30

What eVanik Calculated As Correct

Commission @ 5% (HSN 5407)-₹105.00
Fixed Fee (Gold)-₹55.00
Shipping Fee (Local — 450g)-₹48.00
Collection Fee-₹12.50
SPF (no valid incident)-₹0.00
TCS (1%)-₹21.00
Correct Settlement₹1,858.50

Variance Detected

Short payment of ₹308.20 on a single order

₹308.20

Commission overcharge

Billed at 17.2% instead of correct 5% for HSN 5407 sarees.

+₹256.20 recovery

Shipping zone mis-classified

Charged National (₹92) for a Local Bengaluru-to-Bengaluru delivery.

+₹44.00 recovery

SPF without valid incident

Seller Protection Fund deducted with no matching incident payout.

+₹8.00 recovery

Across 12,000 orders/month a similar average variance translates to ₹3-8 lakh in recoverable short payments — every single month.

Marketplace Coverage

Every Marketplace, Its Native Settlement Format, One Dashboard

Each marketplace uses a different settlement report, different fee columns, different timing, different currency in the edge cases. eVanik speaks all of them natively — so you finally see your real P&L across channels.

Amazon

14-day settlement

Report Parsed

MTR (Merchant Tax Report) + Settlement v2

Fee Columns

  • •Referral Fee (0% <₹1,000 in 1,800+ categories, 2-38% above)
  • •Closing Fee (₹20/₹26/₹45)
  • •FBA Weight Handling
  • •Technology Fee
  • •Easy Ship
  • •Storage

Flipkart

T+5 Platinum / T+7 Gold / T+10 Silver / T+15 Bronze

Report Parsed

Settled Transaction Ledger (STL)

Fee Columns

  • •Commission (5-20% by category)
  • •Fixed Fee (Platinum/Gold/Silver/Bronze tier)
  • •Shipping Fee
  • •Collection Fee
  • •SPF Deductions
  • •Marketing Fees

Myntra

Monthly settlement

Report Parsed

PPMP Partner Reports

Fee Columns

  • •Commission (with GST)
  • •Fixed Fee
  • •Payment Gateway Fee
  • •Pick & Pack
  • •Shipping Fee
  • •TCS (IGST/CGST/SGST split)

Meesho

Weekly settlement

Report Parsed

Payout Reports

Fee Columns

  • •Meesho Mall platform fee
  • •Shipping charges
  • •Return shipping
  • •Recovery charges
  • •TCS/TDS (×1.18 GST multiplier)

AJIO

Monthly settlement

Report Parsed

Settlement Reports

Fee Columns

  • •Commission
  • •Logistics
  • •Collection
  • •Cancellation charges

JioMart

Monthly settlement

Report Parsed

Seller Panel Reports

Fee Columns

  • •Commission
  • •Logistics
  • •Collection
  • •Tech fee

TataCLiQ

Monthly settlement

Report Parsed

Settlement Reports

Fee Columns

  • •Commission
  • •Shipping
  • •Collection
  • •Marketing

Nykaa

Monthly settlement

Report Parsed

Beauty/Fashion Payouts

Fee Columns

  • •Commission
  • •Logistics
  • •Returns handling

+ 40 more marketplaces including Snapdeal, Paytm Mall, FirstCry, ShopClues, Pepperfry and all Shopify/WooCommerce webstores.

Tax Compliance Built In

GSTR-8, GSTR-2B, Form 26AS — Reconciled. Automatically.

Marketplace reconciliation is not just commercial — it's a tax compliance obligation. Amazon, Flipkart and Meesho file GSTR-8 every month. TCS credits auto-populate your GSTR-2B. Form 26AS shows TDS credits under your PAN. eVanik reconciles all three against your settlement reports so your CA never has a quarter-end surprise.

GSTR-8

Marketplace TCS Filing

Marketplaces file GSTR-8 by the 10th of every month, reporting 1% TCS collected under Section 52. eVanik reconciles marketplace-reported TCS against settlement-deducted TCS so zero mismatches flow into your returns.

  • • 0.5% CGST + 0.5% SGST (intra-state)
  • • 1% IGST (inter-state)
  • • Return-order TCS reversal tracking
GSTR-2B

Auto-Populated TCS Credit

TCS deducted by Amazon/Flipkart/Meesho auto-populates your GSTR-2B from their GSTR-8 filing. eVanik matches every marketplace-reported credit to every settlement line so your ITC claim is airtight.

  • • TCS credit line reconciliation
  • • Commission GST ITC verification
  • • State-wise credit splitting
26AS

TDS under Section 194-O

1% TDS under Section 194-O reflects in Form 26AS Part F under your PAN. eVanik matches every marketplace TDS deduction to the 26AS entry so nothing is lost and every credit is claimed.

  • • Quarterly TDS reconciliation
  • • PAN-wise deductor mapping
  • • Form 26Q / 27Q input

Common Tax Reconciliation Mistakes eVanik Prevents

✗

Using net payout as reported revenue — understates output tax by 20-30%. eVanik grosses up to taxable value automatically.

✗

Flat 1% TCS without state-wise split — breaks GSTR-1 filing. eVanik splits CGST/SGST/IGST based on buyer state.

✗

Missing TCS reversal on returns — permanent ITC loss. eVanik tracks return-order TCS back to original forward sale.

✗

Claiming ITC on commission without verifying invoice — audit exposure. eVanik matches every commission deduction to marketplace tax invoice.

See how eVanik builds a GSTR-1-ready summary →

Manual vs eVanik Reconciliation

Manual process

Manual Process

  • ✗10+ hours/week wasted on spreadsheets
  • ✗Errors in 15-20% of entries
  • ✗Discrepancies found weeks later
  • ✗No visibility into marketplace deductions
  • ✗GST filing headaches and mismatches
  • ✗Revenue leakage goes completely unnoticed
eVanik

With eVanik

  • ✓Fully automated reconciliation in minutes
  • ✓99.9% accuracy across all transactions
  • ✓Real-time alerts on every discrepancy
  • ✓Complete fee & deduction breakdown
  • ✓Auto GST-compliant reports ready to file
  • ✓₹1098 Cr+ recovered for clients and counting

What Makes eVanik the Best Choice for Payment Reconciliation

Key Benefits

Multi-Channel Automation

Multi-Channel Automation

Connect all your sales platforms into a unified system and let eVanik handle discrepancies automatically.

Multiple Platforms

Multiple Platforms

Works seamlessly with platforms like Amazon, Flipkart, Shopify, and Myntra.

Comprehensive Visibility

Comprehensive Visibility

View all transaction details in real-time, from marketplace payouts to penalty deductions!

Discrepancy Detection and Alerts

Discrepancy Detection and Alerts

Get instant alerts for missing payments, delayed settlements, or unauthorized deductions.

Customizable Reporting

Customizable Reporting

Generate detailed, GST-compliant reports tailored to your specific accounting needs.

Time and Cost Efficiency

Time and Cost Efficiency

Automated reconciliation saves 70% of the time spent on manual efforts while reducing accounting errors.

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Unleash the Power

Drive growth with powerful automation and AI insights for smarter product management

Here is

Four Simple Steps to Simplify Your Reconciliation Process

1

Integration

Connect eVanik to all your sales platforms via simple APIs. Supports top marketplaces

2

Data Extraction

eVanik fetches real-time payment, return, and fee data directly from marketplaces.

3

Matching and Analysis

Automated matching of payouts with invoices, highlighting any mismatches.

4

Report Generation

Export detailed discrepancy reports for auditing and claim purposes.

Learn

What Makes Payment Reconciliation Essential?

Payment reconciliation illustration
Financial Accuracy

Ensure Financial Accuracy : Reconciliation ensures your financial records are precise by identifying and correcting any transaction discrepancies.

Financial Accuracy

Prevent Revenue Leakages : Spot missing or incorrect payments quickly, safeguarding your business from potential financial losses.

Financial Accuracy

Enhance Decision-Making : Accurate reconciliations provide actionable financial insights for smarter, data-driven business decisions and growth strategies.

Case Studies

Real Sellers. Real Recoveries. Real Hours Saved.

D2C Apparel Brand · MumbaiGMV: ₹5.2 Cr / month· Myntra, Flipkart, Ajio, Website

The Problem

Finance team spending 200+ hours/month in Excel reconciling 4 marketplaces. Commission rates suspected wrong but team could not prove it per SKU. Month-end close slipping by 15 days.

eVanik Solution

eVanik ingested 6 months of back-data, matched every order to SKU-level commissions, flagged ₹38.4 lakh in commission overcharges across 3 categories and ₹9.2 lakh in shipping zone mis-classifications.

Recovery

₹47.6 Lakh

Recovered in 5 months

Time saved

200 hrs → 4 hrs

Month-end reconciliation

Electronics Seller · DelhiGMV: ₹8.8 Cr / month· Amazon FBA, Flipkart Smart

The Problem

Pending settlements snowballing past 90 days. ₹1.4 Cr stuck in limbo across Amazon Reserve Balance and Flipkart pending payouts. No visibility, no tracker.

eVanik Solution

Settlement Tracker surfaced every pending order with aging buckets. Auto-escalation with marketplace seller support cleared the backlog. UTR matching tied every future settlement to bank credit.

Recovery

₹1.38 Cr

Cleared in 60 days

Time saved

0 → 100%

Settlement visibility

Home Decor Brand · JaipurGMV: ₹1.6 Cr / month· Amazon, Meesho, JioMart

The Problem

Founder personally reconciling payments every Saturday. Constantly finding small discrepancies but no time to chase them. GST filing quality suffering — CA flagging mismatches every quarter.

eVanik Solution

Auto-reconciliation, tax mismatch report and one-click Tally Prime sync. Founder freed to focus on growth. CA now receives clean GSTR-1 ready data monthly.

Recovery

₹6.8 Lakh

Recovered + 48 hrs/month saved

Time saved

Zero GST mismatches

Since switching

Read more eVanik success stories →

WHAT OUR CLIENTS SAYS

Testimonials

FAQ

Frequently Asked Questions

What marketplaces does eVanik support for payment reconciliation?

+

How quickly can I set up payment reconciliation?

+

How does eVanik detect payment discrepancies?

+

Is my marketplace data secure with eVanik?

+

Can I integrate eVanik with my accounting software like Tally Prime?

+

What kind of reports can I generate?

+

Explore More

Related Features

Settlements

Settlements

Track every marketplace settlement & match UTR payments.

Variance Analysis

Variance Analysis

Detect shipping, payment & inventory variances automatically.

Commission Invoices

Commission Invoices

Automated commission invoice verification & recovery.

Fee Audit

Fee AuditBeta

Catch fee overcharges & verify marketplace rate cards.

Ready to Stop Losing Money on Payment Discrepancies?

Join 10,000+ sellers who trust eVanik to reconcile their marketplace payments accurately and recover every rupee they are owed.

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