Refund and Escrow Policy

Last Updated: July 31, 2026

Welcome to Jayasad Marketplace. To ensure transparency, consumer protection, and platform sustainability, we operate under two distinct refund policies: Section A governs our Vendor Storefront Space Rentals, and Section B governs Physical Product Transactions.

SECTION A: VENDOR STOREFRONT SPACE RENTALS (SUBSCRIPTIONS)

  1. The 60-Day Trial Grace Period

    Because Jayasad Nexus provides a completely free 2-month (60-day) introductory promotional period with full, unrestricted access to all multi-vendor dashboard tools, vendors are given ample time to test, evaluate, and experience the platform before any financial commitment is made.

  2. 7-Day Money-Back Guarantee (Conditional)

    Once your 2-month free trial ends and your annual storefront subscription of ₦7,500 is processed, you have exactly 7 calendar days from the date of payment to request an official cancellation and refund if you change your mind.

  3. Payment Gateway & Administrative Deductions

    If a subscription refund is requested and approved within the 7-day window, please note that the refund is not 100%. Jayasad Nexus will deduct non-refundable payment gateway transaction fees (1.4% – 1.5% + VAT) alongside a flat ₦500 administrative processing fee. The remaining net balance will be credited back to your bank account within 5 to 7 business days.

  4. No Refunds After 7 Days

    Once the 7-day window has closed, all annual storefront space rentals are 100% non-refundable. Your store will remain active with full benefits until your 365-day subscription cycle expires.

SECTION B: PHYSICAL PRODUCT TRANSACTIONS (BUYERS & SELLERS)

  1. The 48-Hour Buyer Protection Window

    All customer purchases on Jayasad Marketplace are protected under our Buyer Guarantee. Upon delivery of an item, customers have a 48-hour Inspection Window to verify that the product arrives in perfect condition and matches their order specifications.

  2. Product Return & Refund Conditions

    A buyer is eligible to request a refund or exchange only if the delivered item meets one of the following conditions:

    • Mismatch (“What I Ordered vs. What I Got”): The item received is physically different in color, size, brand, or model from what was ordered on Jayasad.com.

    • Damaged on Arrival: The item is physically broken, torn, defective, or unusable upon delivery.

    • Incomplete Delivery: Part of the ordered items are missing from the package.

  3. How to File a Dispute (For Buyers)

    Buyers must inspect their packages immediately upon delivery. If there is an issue:

    • The buyer must file an official dispute with Jayasad Support via our official contact channels/WhatsApp within 48 hours of delivery.

    • Clear photo or video proof of the defect or mismatch must be provided.

    • If no dispute is logged within 48 hours, the transaction is marked complete and closed. No refund requests will be processed after this window closes.

  4. Transaction & Fee Allocations on Refunds

    If a product refund is approved:

    • Vendor Fault (Wrong/Damaged Item): The vendor assumes full financial responsibility for return shipping costs and non-refundable gateway processing fees.

    • Buyer Change of Mind (Correct Item Delivered): The buyer bears the return shipping costs, and gateway processing fees will be deducted from the net refunded amount.

    • Jayasad Marketplace does not absorb payment gateway fees incurred on refunded transactions

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