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Is a detailed calculation of payouts available?

A topic by Peter Offerman created Feb 27, 2021 Views: 212 Replies: 2
Viewing posts 1 to 3

I've recieved a few payments/donations, and I'd like to initiate a payout. I understand a few fees may be withheld
- US tax
- Processor fees
- Revenue share
In the "initiate payout page", I see a message saying "You have X payments available for approximately $X.XX.". I'm not sure how that amount is calculated, and would like to see the details before initiating a payout (mainly because I just filled in the tax interview form, and I'm wondering if the US tax percentage has correctly been changed).
Is such a thing available anywhere, or will it perhaps be available after initiating a payout?

Admin (3 edits)

If you open a payout request you will see a much more detailed breakdown.

The payout amount is only finalized effectively the moment before we send you the transfer. Until then it’s technically possible for the amount to adjust slightly based on refunds, or any delayed calculations for fees associated with transactions.

Generally, what you see is the final amount, the cases I mentioned above are edge cases, but I need to mention them because you should not do any tax calculations with a number that might be inaccurate.

If you create a payout and the calculation doesn’t look right you can reach out to our support team and we can cancel it before it is sent. You generally have about a week to do that.

Ah, great. Thanks for the explanation!

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