Home Account Payouts Configuring Payout Settings and Understanding Additional Details in the Billing App

Configuring Payout Settings and Understanding Additional Details in the Billing App

Last updated on May 09, 2025

Overview

The billing app allows you to customize how and when you receive payouts for transactions. The "Payout Settings" section provides options to configure your payout schedule, along with additional details to help you understand the payout process and timelines.

Configuring Payout Settings

In the "Payout Settings" tab, you can adjust the following options to control how payouts are processed:

  • Payout Type: Choose the type of payout. The default is "Net," which means the payout amount is the transaction total minus any fees.

  • Settlement Frequency: Determines how often payouts are processed. Options include:

    • Daily: Payouts are processed every business day.

    • Monthly: Payouts are processed once a month on a specified date.

  • Funding Transfer Speed: Controls how quickly funds are transferred to your bank account. Options include:

    • Next-day ACH: Funds are transferred the next business day after the transaction (default).

    • Same-day ACH: Funds are transferred on the same day as the transaction (if configured).

  • Funding Transfer Delay: Adds a delay to the payout schedule if needed. The default is "No Delay," but you can introduce a delay (e.g., 1-2 business days) if preferred.

For example, the screenshot shows a "Daily" settlement frequency with "Next-day ACH" funding transfer speed and "No Delay," meaning payouts are processed daily and deposited the next business day.

Additional Information Provided

The app provides extra details to help you understand when payouts will be deposited into your bank account:

Payout Bank Account

This section displays the bank account where payouts will be deposited:

  • Routing Number: The bank’s routing number (e.g., 063100277).

  • Account Number: The bank account number (partially masked for security, e.g., XXXXXXXX7772).

  • Account Name: The name on the account (e.g., Cooper Creek Dental).

Settlement Batch Time

This section shows how transactions are batched for processing within a 24-hour cycle:

  • Accrual Start Time: The time when transactions start being batched (e.g., 9:00 PM PT).

  • Batch Behavior: The default behavior for batching (e.g., "Default").

Payout Schedule Preview

The "Payout Schedule Preview" table helps you understand when funds will be deposited based on the day a settlement is approved:

  • Transactions approved before 4 PM PT on a given day will be deposited according to your payout settings.

  • The table shows the estimated deposit day for each day of the week:

    • Monday: Deposited on Tuesday (next-day ACH).

    • Tuesday: Deposited on Wednesday.

    • Wednesday: Deposited on Thursday.

    • Thursday: Deposited on Friday.

    • Friday: Deposited on the following Monday.

    • Saturday: Deposited on the following Tuesday.

    • Sunday: Deposited on the following Tuesday.

For example, with a next-day ACH setting, a transaction settled on Friday before 4 PM PT will be deposited on the following Monday.

Important Notes

  • Payout schedules are estimates and may vary based on bank processing times or holidays.

  • To change your payout settings (e.g., switching to same-day ACH or adjusting settlement frequency), contact your account manager.

  • Ensure your bank account details are correct to avoid delays in receiving payouts.

  • If you have questions about your payout schedule or need assistance, reach out to your account manager.