Understanding commission payouts
When members of the clubs you introduce to Payzip through your unique link make online payments, you earn a commission which is paid into your connected bank account on a weekly to your club, either through an invoice or a Ping, we group these payments together, deduct our service fee, and make a single weekly payment to your linked bank account.
On your dashboard, you will see the amount of your next payout shown under Balance, with the amount being processed shown to the right.
There is a minimum payout amount of £10.00, so if your balance is below this amount then Stripe will hold onto it securely until we can pay it out to you.
The payment is made by BACS and will show as Stripe Payments UK Ltd in your transaction list. Each payment to you will have a unique reference which will start PZ-2xxx.
Commission payouts are processed on Monday each week and you will receive an email confirming the amount of the payment and when you are going to receive it, which is usually the following Wednesday.
Bank Holidays may cause a slight delay in making this payment to you.
The link in the email will take you directly to your payout breakdown in the system, however you can access it at any time by clicking Payouts in the sidebar.
Here you will see a list of every payout we've made to your club. The information in the table is as follows:
- Reference - This will match the reference on your bank statement;
- Date - The date the payment will be available in your bank account;
- Clubs - The number of clubs you earned commission from in this payout;
- Payments - The number of card payments that make up this payout;
- Commission - The total amount of commission paid in this payout.
Payouts are ordered by Date with the most recent payout at the top.
If you have a lot of payouts, you can use Search to find the exact one you are looking for.
When you have found it, click the row to bring up the details for the payout.
Understanding the payout page
When you first land on the payout page, you’ll notice a section underneath the header with figures in each box. These figures help you understand more about the payout and can be explained as follows:
- Date - The date the payment will be available in your bank account;
- Clubs - The number of clubs you earned commission from in this payout;
- Payments - The number of card payments that make up this payout;
- Commission - The total amount of commission paid in this payout.
The table below shows a list of all the clubs that make up the payout. These are listed in alphabetical order.
If you are looking for a particular club, you can search the entire table on Club name.
If you want to export this table as a CSV, click Export to CSV in the table footer.
