A Payout record is created each day at 0:00 GMT in your Fonteva Payments connected account. Each Payout record represents the total amount of all transactions, or the Pending Balance, on your account since the last payout was generated. If there were no transactions since the last payout, a new Payout record is not generated.
If the Pending Balance on your connected account is positive when the Payout record is generated, your merchant bank account is credited the payout amount.
If the Pending Balance on your connected account is negative when the Payout record is generated, your merchant bank account is debited the payout amount.
The Payouts Process
Payouts Object. Learn about working with payouts in the Fonteva Payments app.
Charges. Learn how charges are processed in Fonteva Payments.
Disputes. Learn how disputed charges are managed in Fonteva Payments.
Glossary. Understand the terminology used in Fonteva Payments and other eCommerce features.