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Payout

 

Payout is a broad term generally understood to be a large sum of money paid out in one go to an individual or business entity. For instance, within the online business and payment ecosystem, payouts also refer to the established process by which a payment service provider transfers funds from customer transactions to a merchant’s designated bank account. This financial process guarantees that merchants obtain their earnings promptly and systematically.

The frequency and timing of payouts can vary based on factors like the merchant’s geographic location and the predetermined payout schedule agreed upon with the payment provider. Payouts may be one-time or recurring, depending on the type of transaction and contractual relationship between the parties. Often, payouts occur on a rolling basis, where funds from recent transactions are periodically batched and deposited into the merchant’s account.

 

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