Settlements are the process by which TallySale transfers collected payment funds to your bank account after deducting platform fees.
How Settlements Work
- A customer pays an invoice through the hosted checkout page.
- The payment is collected by TallySale via the payment gateway.
- TallySale deducts the platform fee (based on your Seller Level).
- The remaining amount (payout amount) is batched and transferred to your registered bank account.
Settlement List
The Settlements page shows all settlement batches:
| Column | Description |
|---|---|
| Settlement ID | Unique batch reference |
| Period | Settlement period (e.g., weekly, bi-weekly) |
| Total Collected | Total amount collected from customers |
| Platform Fee | Fee deducted by TallySale |
| Payout Amount | Net amount transferred to your bank |
| Status | NOT_SETTLED, PENDING, COMPLETED |
| Date | Settlement processing date |
Settlement Detail
Click a settlement to see the breakdown:
- List of all invoices included in this settlement batch
- Per-invoice fee breakdown: collected amount, platform fee, payment processing fee, net payout
- Bank transfer reference and date
Fee Breakdown
Each settled invoice includes:
| Component | Description |
|---|---|
| Invoice Amount | Total amount the customer paid |
| Platform Fee | TallySale's fee (percentage based on your Seller Level) |
| Payment Processing Fee | Gateway processing fee (varies by payment method) |
| Payout Amount | Net amount you receive: Invoice Amount - Platform Fee - Processing Fee |
Platform Fee Rates
| Seller Level | Platform Fee |
|---|---|
| Starter | 2.00% |
| Business | 1.00% |
| Enterprise | 0.50% |
Platform fee rates can be customized by administrators through Platform Fee Rules in the Configurations section.
📸 Screenshot: Settlement detail — to be added