Payouts
Payout Process
The Payout process will be via Bank Transfer or Paypal transfer as per merchant preference
Payout Cycles
We support the following Payout cycles:
- Monthly
- Billing Period: 1st to the end of the month
- Payout Date: 11th of the following month
- Bi-Monthly (Default)
- Billing Period 1: 1st to 15th of the month
- Payout Date 1: 18th of the same month
- Billing Period 2: 16th to the end of the month
- Payout Date 2: 4th of the following month
- Weekly
- Billing Period 1: 1st to 7th
- Payout Date 1: 11th of the same month
- Billing Period 2: 8th to 14th
- Payout Date 2: 18th of the same month
- Billing Period 3: 15th to 21st
- Payout Date 3: 25th of the same month
- Billing Period 4: 22nd to the End of the month
- Payout Date 4: 4th of the following month
- Billing Period 1: 1st to 7th
Note:
- Payouts will only be initiated if all verifications are successful and Payout Threshold is crossed in the billing period.
- The default payout cycle for all merchants is bi-monthly.
- Merchants with higher transaction volumes may request weekly payouts by contacting support@dodopayments.com.
- Certain high-risk merchants may be placed on a monthly payout cycle at our discretion.
Payout Processing and Bank Timelines
- The dates provided above are the initiation dates for payouts.
- It typically takes 1-2 business days for the amount to appear in your bank account.
- Delays may occur if payout processing dates fall on weekends or bank holidays.
Payout Currency
- The default payout currency is USD.
- For Indian merchants, the payout currency for domestic transactions only is INR. You can see the bifurcation on your dashboard in the Payouts section.
- For custom currency requirements, please reach out to our team at support@dodopayments.com.
Minimum Payout Threshold
- USD Payouts: $100
- INR Payouts (India): INR 1000
If your balance does not meet the threshold, it will carry forward to the next payout cycle.
Payout Deductions
- Taxes : All applicable taxes as per the Tax Calculator will be deducted from the sales amount before payout
- Dodo Payment Fees and Payout Fees will be deducted before sending the payout. For details check out our Pricing Page
Payout Status
Payout Status | Description |
---|---|
Payout Not Initiated | Payout due date has not yet arrived hence it has not been initiated |
Payout In Progress | Payout due date has arrived and Payout is in progress |
Payout On Hold | Payout is put on hold by the Payout Team (By Backend until admin dashboard is available) |
Payout Successful | Payout to the merchant account is processed successfully |
Payout Failed | Payout to the merchant account has failed |
Payout Invoice
A reverse invoice will be generated to indicate the amount paid by Dodo Payments to the Merchant
Payout Invoice Structure
Information | Description |
---|---|
Invoice ID | A Unique ID of the Invoice generated |
Date of Issue | Datetime of the Invoice Issued |
Merchant Business Name | Registered Business Name of the Merchant |
Merchant Business Address | Registered Business Address of the Merchant |
Dodo Merchant Name | Registered Business Name of Dodo Payments |
Dodo Payments Company ID | Registered Company ID of Dodo Payments |
Dodo Payments Business Address | Registered Business Address of Dodo Payments |
Payout Name | Name given to the payout (Eg. November Payout for Digital services licensed to Dodo Payments) |
Payout Qty | Will be 1 |
Payout Unit Price | Total Amount to be paid |
Payout Amount | Total Amount to be paid |