Automated Payouts - Pay your vendors directly via your PayPal or Stripe account
This article demonstrates how you as a merchant can activate automated payouts for your vendors. You will be able to pay your vendors either to their PayPal email or directly to their bank account.
This feature is currently in private beta. Please reach out to us via our support chat bubble to enable it.
Requirements
PayPal and Stripe payouts must be connected
Payout Periods
Weekly
Payout always happens on the upcoming Monday and repeats weekly for all orders from the previous week.
Bi-Monthly
Payout occurs twice a month.
Payout #1 on the 16th of any given month (orders from 1st to 15th).
Payout #2 on the 1st of the next month (orders from the 16th to last day of a given month).
Monthly
Payout occurs on the 1st of the upcoming month for orders from the previous month.
Others
Does not account for custom items. Currently only considers paid and refunded transactions
How to create automated payouts for vendors
Go to Settings
Payouts
Select a Vendor (Only vendors with attached payout method can be selected) -> payout period and click on 'Create' to activate automated payouts for the selected vendor.
Once created, the vendor will be added on the list for Automated Payouts. This is where you can also find the last automated payout date to vendor.
Your vendor will receive an email confirming that they will start receiving automated payouts
This feature is currently in private beta. Please reach out to us via our support chat bubble to enable it.
Requirements
PayPal and Stripe payouts must be connected
Payout Periods
Weekly
Payout always happens on the upcoming Monday and repeats weekly for all orders from the previous week.
Bi-Monthly
Payout occurs twice a month.
Payout #1 on the 16th of any given month (orders from 1st to 15th).
Payout #2 on the 1st of the next month (orders from the 16th to last day of a given month).
Monthly
Payout occurs on the 1st of the upcoming month for orders from the previous month.
Others
Does not account for custom items. Currently only considers paid and refunded transactions
How to create automated payouts for vendors
Go to Settings
Payouts
Select a Vendor (Only vendors with attached payout method can be selected) -> payout period and click on 'Create' to activate automated payouts for the selected vendor.
Once created, the vendor will be added on the list for Automated Payouts. This is where you can also find the last automated payout date to vendor.
Your vendor will receive an email confirming that they will start receiving automated payouts
Updated on: 26/01/2024
Thank you!