How do Sales Day Payouts work?
Get paid on a set schedule
With Sales Day Payout (SDP) you can receive funds based on a set schedule rather than being dependent on the timelines of card schemes and payment methods.
You get all the funds from a particular sales day in a single payout batch, with a fixed payout delay. For example, if you have a T+2 Sales Day Payout, you would receive on Wednesday the sales from Monday.
The Sales Day Payout model provides:
- Payouts and reports based on total sales from a single day.
- Simplified reconciliation because you can match a full day's payout with a full day's sales.
- Predictable cash flows because you know which sales are paid each day.
The payout delay is how long after the sale the corresponding funds get assigned to a payable batch. For example, with a payout delay of two business days, sales that happened on Monday get assigned to the payout batch on Wednesday.
The following table shows an example payout schedule with a daily payout frequency and a payout delay of two days.
Note: SDP does not include the weekend. The delays are calculated based on working days.
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