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Payouts

Your income consolidated from all sources.​

Payouts are the funds that we settle to your nominated bank account. These funds are made up of credited or debited PayRex transactions to your balance, the same way how banks process their transactions:

  • Credit transactions are those that are added to your PayRex balance. These are:
    • Payments: The net amount of transactions made via PayRex's supported payment methods.
    • Chargebacks: If you were able to justify that the disputed transaction is genuine, the chargeback fee will be credited back to your balance.
    • Other credit adjustments to your balance
  • Debit transactions on the other hand are those that are deducted from your PayRex balance:
    • Refunds: The funds you issued back to your customers due to unfulfilled orders or overpayment.
    • Chargebacks: If a customer or a cardholder disputes a payment made using their card, the chargeback fee will be deducted from your balance.
    • Other debit adjustments to your balance

The Payouts resource helps you understand when your earnings will be available and the total amount you can expect. You can check your previous and next payouts, and review the transactions associated with each one.

Previous and Next Payouts​

The Previous payout section displays your last generated payout, its amount, and its processing status. You can view the payout to see the details and transactions included in it.

The Next payout section displays the estimated amount of your upcoming payout. It shows the breakdown of the included transactions' amounts and applicable fees and taxes.

Payouts listing​

The payouts listing shows all your previously generated and processed payouts. The listing has the high-level details of the payouts: generation date, status, and net amount. You can select a payout to view its details.

Payout details​

The payout details page allows you to better understand how your payout is computed, which bank account it was deposited, and which transactions were included.

Details​

The details section shows the total values of all transactions, applicable fees, and taxes that made up the specific payout:

  • Payments: The gross amount of all included payments in the payout.
  • Refunds: The total amount of refunds issued during the payout cycle.
  • Fees: The total amount of PayRex processing fees for all included payments in the payout, regardless of the payment method used.
  • Other fees: The total amount of PayRex product fees and foreign fees for all applicable, included payments in the payout.
  • 12% VAT (fee): The 12% of the PayRex processing fees and other fees.
  • 0.5% Withholding tax:
    • if with direct agreement with our partner bank: 0.5% of gross amount
    • else: 0.5% of the gross amount less of PayRex processing fee, VAT, product fee (if applicable), and foreign fee (if applicable)
  • 2% Expanded withholding tax (fee): The 2% of vatable sales (the PayRex processing fee).
  • Adjustments: Refers to any transaction other than those mentioned above that credits or debits amount to or from your balance.
  • Net amount: The total amount of your payout for the current cycle less of refunds, applicable fees, and taxes.

Payout destination​

The destination section shows your nominated bank account details where the payout was deposited:

  • Bank name: The name of the bank which your nominated account is under.
  • Bank account name: The account name of your nominated bank account.
  • Bank account number: The account number of your nominated bank account, with the middle digits censored for your privacy and protection.

Transactions​

The transactions section lists the corresponding payments, refunds, and adjustments that make up the payout:

  • Amount: The net amount of the transaction.
  • Description: The description of the transaction, if available.
  • Transaction: The type of transaction - payment, refund, adjustment, transfer, or chargeback
  • Last updated: The date and time when the transaction was last updated.
  • View: Payments and refunds will redirect you to their corresponding payment details page.

Export​

Similar to payments, PayRex allows you to export the transactions included in your specific payout. This is to help you reconcile your payouts with your internal records using your preferred accounting tool. Before downloading the CSV file, you can select which data columns to include or exclude instead of manually removing them from the file afterwards.