Payments

Understanding Payouts

Learn how and when you receive money from your sales.

5 min read8,230 viewsUpdated November 18, 2024Orbit Commerce Team

Understanding Payouts

Know when your money arrives and how payouts work.

Payout Overview

View payouts at Settings > Payments > Payouts.

Payout Schedule

Standard Schedule - **UK/EU**: 7 business days - **US**: 2 business days - **Other**: 7-14 business days

Example Timeline 1. Monday: Customer pays 2. Tuesday: Payment clears 3. Following Monday: Payout initiated 4. Tuesday/Wednesday: Funds arrive

Payout Methods

Bank Transfer - Most common method - Direct to your account - No additional fees

Setting Up 1. Go to payout settings 2. Click **Add Bank Account** 3. Enter account details 4. Verify with micro-deposits

Understanding Fees

Transaction Fees - Cards: 1.4% + 20p (UK) - International: 2.9% + 20p - PayPal: 2.9% + 30p

Net Payout Your payout = Sales - Fees - Refunds

Fee Example | Item | Amount | |------|--------| | Sale | £100.00 | | Fee (1.4% + 20p) | -£1.60 | | Net | £98.40 |

Payout Reports

Viewing History 1. Go to **Finances > Payouts** 2. See all payouts 3. Click for details

Export Data 1. Select date range 2. Click **Export** 3. Download CSV

Troubleshooting

Delayed Payout Common causes: - New account verification - High-risk transaction review - Bank processing delays

Failed Payout 1. Check bank details 2. Verify account active 3. Contact support

Reserve/Hold New accounts may have: - Rolling reserve - Payment holds - Verification requirements

Tips

  • Monitor payouts regularly
  • Reconcile with orders
  • Keep records for tax
  • Set up payout notifications

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