Payout balances
The balance is the amount of money you have to process Payout transactions. We have three types of Balances in Bamboo Payout.
We update the balances available according to the movements performed in your account, such as funds deposit or disbursement.
Balance types
You can see the following balances in the Payouts console:
- Total Balance: This amount corresponds to your account’s total amount of money.
- Processing Balance: This amount corresponds to all your requested disbursements in Payouts. The payout fee amount might be included, depending on the party responsible for the fee (either you or your payee). Once all the Payouts have reached a terminal state (Paid or rejected), the value displayed here will be 0.
- Available Balance: This corresponds to the amount of money you have to process more Payouts, which is the difference between the Total and Processing Balance.
Info
- If the payee assumes the fee, the Payouts feature does not add the fee to any balance type.
- The balance is available in the currencies enabled in your account.
Examples
Let’s make an example to let you understand the concept of type behind the Payout balances.
Let’s assume that you have the following information:
Payout amount requested | 10 USD |
Fee | 2 USD |
Initial balance | 20 USD |
Fee assumed by you
Balance when the payout is requested | |
---|---|
Total Balance | 20 USD |
Processing Balance Payout amount requested + fee | 12 USD |
Available Balance | 8 USD |
Balance if the payout is paid | |
---|---|
Total Balance | 8 USD |
Processing Balance | - |
Available Balance | 8 USD |
Balance if the payout is rejected | |
---|---|
Total Balance | 18 USD |
Processing Balance | - |
Available Balance | 18 USD |
If the payout is rejected, the processing fee is not refunded.
Fee assumed by the payee
Balance when the payout is requested | |
---|---|
Total Balance | 20 USD |
Processing Balance | 10 USD |
Available Balance | 10 USD |
Balance if the payout is paid | |
---|---|
Total Balance | 10 USD |
Processing Balance | - |
Available Balance | 10 USD |
Balance if the payout is rejected | |
---|---|
Total Balance | 20 USD |
Processing Balance | - |
Available Balance | 20 USD |