Settlements and reviewed by Finix. When Finix approves a Settlement, a Transfer gets created with your payout.Payouts get paid to the Payment Instrument associated with the Merchant#identity you used in the transaction.
Identity while creating your Merchant.Payout Schedule
How often you receive payouts depends on your payout schedule. Finix offers two different schedules to manage payouts:
| Type | Description |
|---|---|
| Daily | Finix approves Settlements every business day. By default, Settlements are approved on a Daily basis. |
| Monthly | Finix approves Settlements on a monthly basis. |
Payout Type
Finix offers two ways to configure payouts:
| Type | Description |
|---|---|
| Net | Fees get deducted from your payouts. In other words, deposits and fees are combined into one payout. By default, payouts are calculated on a net basis. |
| Gross | Deposits and fees get distributed into two separate payouts. |
Net
If you had $1000 in Payment and $30 in Fees, you'd receive a payout of $970 to your payout bank account.
Gross
If you had a $1000 Payment and $30 in Fees, you would receive two payouts. The first would be a $1000 credit to your payout bank account. The second would be a debit of $30 to your other bank account.
Using Finix, you can manage what bank accounts get used for your payouts. This includes which bank accounts you use for payouts and fees.
Changing Payouts
To change your payouts schedule, or type, contact the Finix Support team.
Negative Payouts
In some cases, you can have a negative balance.
For example, if you receive $200 but refunds $300, your account balance would be -$100.
If don't receive further payments or process transactions to balance out the negative amount, Finix creates a Funding Transfer that debits your payout bank account.