Payouts
Payouts are the regular payments Cleverbridge makes to you, representing the revenue earned from your processed transactions within a specific clearing period.
Payout flow
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The Self-billing invoice is created automatically at the end of each clearing period. It serves as the official invoice for your payout, so you do not need to issue or submit any additional invoices to Cleverbridge.
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Cleverbridge securely transfers the credited amount to your designated bank account in accordance with your contractual terms. The transfer usually occurs no later than the 16th day of the following month. If the 16th is a weekend or holiday, the payout is made on the next working day.
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Depending on your bank's location and policies, it may take 1 to 5 days for the money to appear in your account.
To help you reconcile your accounts, each self-billing invoice is accompanied by a Clearing report. The report provides a clear, auditable record of the amount credited to you and reflects all completed sales, refunds, and adjustments.
Payout details
Your banking details and payout currency determine where and in which currency Cleverbridge sends your payouts. To provide or update this information, see Manage banking details.
Company and address information shown on self-billing invoices or credit notes is also managed as part of your payout information. Contact Client Payments if this information must be updated.
Payout vs. PaidOrderNotification
The payout amount for a purchase given in the clearing report can differ from the payout amount in the corresponding PaidOrderNotification if the customer purchased the product in a currency other than your payout currency. The PaidOrderNotification contains an approximate payout amount because the exchange rate might fluctuate until the actual payout amount is calculated.