The entity issuing receipts/invoices for 101BOX is the merchant (vendor) that sells products generating sales and receives settlements.

Details regarding the settlement structure are as follows.

Currently, 101BOX receives settlement assistance by having the merchant that sold products generating sales, which is the entity that should receive settlement, issue receipts/invoices.

This is because 101BOX's settlement structure operates differently from other platforms' commission settlement structures, and based on internal policy standards where the amount paid by customers for sold products is recognized as sales, invoices for commissions are not issued and the merchant that generated sales must issue the receipts/invoices.

While the merchant is the entity issuing receipts/invoices and settlements are based on supply price, the reason we provide guidance based on commissions is to assist with discounts for bulk purchases and merchant understanding. Since other platforms recognize platform usage fees as sales and issue invoices for commissions, we apologize for any confusion and inconvenience caused by the difference between our internal settlement structure and commission-based guidance.

101BOX will make efforts to improve into an efficient settlement structure as soon as possible.

Settlement Schedule and Process

On the 1st business day of each month, the previous month's settlement amount is confirmed, and payment is made on the 11th of each month.

(However, payment is made only for cases where receipt/invoice issuance has been completed and verified by the settlement team before the regular settlement date (11th of each month).)

• If the 11th of each month, which is the regular settlement date, falls on a weekend or public holiday, payment is made on the next business day.매월 11일이 주말, 공휴일일 경우 다음 영업일에 지급됩니다.

→ Business day means weekday excluding weekends and public holidays of that month.

• Additional or revised amounts occurring after the regular settlement date are processed (settled) every Friday of the week the invoice is issued.

Settlement Cycle and Payment Date

• Settlement occurs once per month and proceeds as the following month's settlement.

• On the 1st business day of each month, the previous month's settlement amount is confirmed, and payment is made on the 11th of each month.

Payment Criteria

1. Cases where receipt/invoice issuance has been completed by the day before the regular settlement date (11th of each month) (This does not apply to simplified business operators, as they issue receipts/invoices after settlement.)

   • General (Corporation), Simplified (total supply price of previous year is 4,800,000 won or more): Tax invoice - Issue receipt/invoice after confirming settlement statement (before deposit)

   • Simplified: Cash receipt - Issue receipt/invoice after confirming settlement statement (after deposit)

   • Tax-exempt: Electronic invoice - Issue receipt/invoice after confirming settlement statement (before deposit)

Settlement Criteria

1. Orders completed for delivery in the settlement target month.

   • Orders in the status of "Product Preparing / Shipping Preparing / Shipping On Hold / Shipping Pending / Shipping In Progress" are not subject to settlement.

   • Regardless of actual product delivery, payment is made based on the shipping status recorded in the Cafe24 admin.

   • If a tracking number is not entered, settlement for that month is not possible even if the product has been shipped.

If you do not manually change the shipping status, it will be automatically changed 5 days after the 'date' when you enter the tracking number and change the shipping status to 'in transit'.

[Reference] Check orders with shipping completed

• It is set based on the shipping completion date.

• Set the period from the 1st to the last day of the settlement month.

• When you click search, products that were shipped during that month will be displayed.

Method of issuing proof by business operator

The store operator issues sales proof to 101 Box.

Issuing party: Store operator

Required sales proof

• General (Corporation) : Tax invoice → After confirming settlement statement (before payment) issue proof

• Simplified : Cash receipt → After confirming settlement statement (after payment) issue proof

• Tax-exempt : Electronic invoice → After confirming settlement statement (before payment) issue proof

From 21.7.1, simplified taxpayers with total supply consideration of the previous year of 48 million won or more and less than 80 million won are required to issue tax invoices.

Method of issuing proof for each business operator

• General / Corporation / Simplified taxpayer (total supply consideration of previous year of 48 million won or more) - Tax invoice

• Simplified taxpayer - Cash receipt

• Tax-exempt operator - Electronic invoice

If the proof from the previous month is not issued normally, it will be difficult to process payment even if issued in the current month.

Regarding bulk purchases

101 Box provides various services such as deferred payment, quotation issuance, separate payment window issuance, and individual delivery to encourage bulk purchases from institutions, private companies, schools, and other organizations.

Separate payment window : For those who wish to purchase products according to a set budget, we create a separate payment window and adjust it to match the budget, and in that case, the amount settled to the store operator is set identically.

EX) (000 Local Children's Center payment window), (0000 School individual payment window)

Therefore, when checking the settlement statement, products created with **(~payment window)** in the product title are products separately created by 101 Box to match the budget, and the selling price may differ from the selling price set by the store operator, but the supply amount is settled identically.

Individual delivery : As group activities became difficult due to COVID-19, many institutions request that products be shipped individually to each program target when purchasing items. In this case, the shipping fee for individual deliveries is borne by the orderer. Therefore, additional shipping costs will be included in the regular settlement process in the same way as general shipments.

EX) (Additional payment window) Individual shipping fee (separate address delivery, bulk purchase) 000