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Introduction

The Account Summary offers a detailed breakdown of all financial transactions, including payments, refunds, payouts, transaction fees, and taxes. This ensures full visibility into the merchant’s earnings and deductions.

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Key Details

  1. Transaction Types
    • Payment (+): Successful payments (Credit).
    • Refund (-): Returned amounts (Debit).
    • Transaction Fees (-): Processing fees for payments (Debit).
    • Refund Fees (-): Transaction fees for refunds (Debit).
    • Sales Tax (-): Tax charged on payments (Debit).
    • Sales Tax Refund (+): Refunded sales tax on refunds (Credit).
    • Payout (-): Amount paid out to the merchant (Debit).
    • Payout Fees (-): Transaction fees associated with the payout (Debit).
  2. Transaction Amount
    • Total amount associated with the transaction.
  3. Transaction Timestamp
    • Timestamp of each transaction.
  4. Transaction ID
    • Unique identifier for easy tracking.

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Payout Wallet

The Payout Wallet provides merchants with a clear overview of their eligible earnings. This feature simplifies the payout process, offering transparency over financial disbursements. The wallet amount summarizes all the transactions in the account summary and displays the amount eligible for the next payout cycle.
You can now modify your minimum payout threshold directly from your Payout Wallet settings. The minimum threshold you can set is $100. Adjusting this allows you to control when payouts are triggered based on your business needs.

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Conclusion

Both the Payout Wallet and Account Summary features streamline financial operations for merchants, offering transparency. These tools ensure a seamless payout experience and accurate transaction tracking, vital for effective financial management. In case of any discrepancy noticed in the transactions, please reach out to us at [email protected] with the transaction ID and issue.