Core concepts
Payouts
A payout sends your available balance to your bank account. By default, Merxian schedules payouts for the business day after payment.
How payouts work#
When a transaction is completed, the proceeds go to your balance. The proceeds are the amount that the buyer paid, less the Merxian fee. In the merchant of record model, Merxian also deducts the VAT. Merxian then pays out the balance to your bank account.
| Subject | Detail |
|---|---|
| Default schedule | The business day after payment (T+1) |
| Other schedules | Weekly, monthly, or manual |
| Payout currencies | Euro, US dollar, or pound sterling |
You set the payout details and the schedule in the dashboard. Refunds and chargebacks can reduce your balance. Your balance can become negative after a chargeback. Merxian then pays out nothing until later sales cover the negative amount.
What your integration can use#
The API has no payout endpoints. You see your balance and your payouts in the dashboard.
Payout events are not in the event catalogue yet.
Reconcile a payout#
To match your balance to your sales, use the transaction amounts: netCollectedAmount and refundedAmount on each transaction, and amounts.tax for the VAT. See Reconcile with your records.