Payouts Overview

You receive your customers' payments when PayRex makes payouts settled to your nominated bank account.

To learn more about the payouts module in the PayRex dashboard, you can refer to this guide.

Nominating your bank account

The bank account where PayRex will settle your payouts can be added during your account activation. When testing PayRex in test mode, you don't need to nominate a bank account, as test payments do not involve real money.

Support bank accounts

As of this writing, PayRex only settles to Philippine Peso (PHP) bank accounts opened in the Philippines. To learn more about the supported bank accounts, see this help article.

Payout Schedule

PayRex generates payouts for a merchant during banking days. Only the cleared payments will be covered by every payout. To learn more about how cleared payments and payout schedules work, check this support article.

Minimum payout amount

The minimum balance required to generate a payout is ₱ 20.00. If your balance is below the minimum amount due due to insufficient payments or negative balances from refunds, no payout will be generated.

Failure to settle to your bank account

If your bank account cannot receive a payout for any reason, your bank returns the amount to us. You can reach out to support@payrexhq.com or use the chat support if you encounter any delays or failures in your payouts within your Dashboard.

Payout fees

There is no additional charge or fee when PayRex settles into your bank account.